Metadata Management for a Retail Healthcare Firm Helps Simplify Data Discovery and Reinforce Consistency
The client: A Retail Healthcare Firm Area of engagement: Metadata Management In the healthcare industry, retail healthcare firms are designed to provide essential healthcare services and are designed to occupy smaller spaces. Though they do not use most of the sophisticated medical equipment found in hospitals, they are increasingly turning into large users of point-of-care […]READ MORE >>
The client: A Retail Healthcare Firm
Area of engagement: Metadata Management
In the healthcare industry, retail healthcare firms are designed to provide essential healthcare services and are designed to occupy smaller spaces. Though they do not use most of the sophisticated medical equipment found in hospitals, they are increasingly turning into large users of point-of-care tests, clinical chemistry and immunoassay laboratory tests and vaccines. Operating out of pharmacies and other such stores, the retail healthcare firms offer healthcare services for simple acute conditions.
Furthermore, as healthcare firms continue to redefine themselves to stay competitive in the rapidly transforming healthcare environment. The consumer-focused retail healthcare firms are emerging as a proactive way to address patient demands and consumer expectations. Also, in response to the demand for better healthcare services, leading retail healthcare service providers are increasingly focusing on developing new retail trends to offer improved services by integrating technology platforms. When properly aligned, these types of services have the potential to improve patients’ access to healthcare services.
There are a host of best practices for metadata management that assist retail healthcare firms in establishing a robust, enterprise view of metadata.
Following are some of the best practices of metadata management:
- Metadata Administration Team: It is essential for every organization to form a dedicated and well-established data administration group. This is one of the fundamental steps for firms that are aimed at implementing a systematic metadata management system. The metadata administration team plays a major role in the creation of a metadata strategy, adopting and refining metadata standards, and choosing metadata management tools.
- Creating a Metadata Strategy: A well-defined metadata strategy helps organizations in enhancing the visibility of metadata. However, the most important factor of the strategy lies in its ability to understand the value of the data stored in the firm’s information systems, from both business and technical perspectives.
- Refining Metadata Standards: Organizations should evaluate the existing standards before adopting the most appropriate one. Maintaining metadata standards is an essential best practice since much value can be stored in metadata, and losing that value can create pockets of useless data within the organizations.
- Identify Appropriate Metadata Tools: Identifying and maintaining the right metadata management tools is considered a major responsibility of the metadata management team. The use of such tools can help influence the positive reception to metadata management and the integration of a metadata-focused approach.
The Business Challenge:
The client, a leading retail healthcare services provider approached our team of experts to help them devise strategies for developing a good metadata management model. They also wanted to determine the best way to implement the metadata strategy, tools, and standards. Additionally, the retail healthcare firm wanted to reinforce consistency through redundancy elimination and data reuse in order to increase their productivity.
Want to learn more about our analytical solutions?
The Solution and the Business Impact:
Our solutions helped the client in devising a managed metadata environment (MME), which served as the most efficient way to identify the appropriate data elements. It also helped them in retiring unused storage and in reducing the cost and time that was spent in deciding the possibly correct variations of an attribute.
Metadata Management Solutions Insights:
Quantzig’s metadata management solutions are highly customizable, iterative, and workflow-oriented designed to help your organization achieve overall business success. Our solutions are defined based on several fine-grained tasks, clear objectives, and success factors that enable firms to develop a well-managed metadata environment that includes the implementation of retail trends and advanced technologies.
As the healthcare industry moves towards developing a retail-focused model by implementing several retail trends, the line between retail and healthcare has blurred evidently. Moreover, the amount of unstructured data in the healthcare sector is growing immensely, making it necessary to improve their scalability, performance, and analytic capabilities. Metadata management also plays a pivotal role in the defining the future of retail healthcare firms by better managing the acquired data.
Want to know more about our approach to metadata management?