Data Integration Software in Healthcare and Life Sciences
The healthcare and life sciences vertical is gaining a lot of traction as the vertical has witnessed phenomenal adoption in data integration tools and services. The vertical has always been overloaded with data, chiefly from the patient, clinical, claim, hospital system, financial, pharmacy, and most recently from wearable technology sources. Leveraging this data can help develop a bulletproof plan to mitigate most of the existing diseases, improve patient care, develop new medicines, and identify new diseases. In March 2010, RAHAT camp was organized in a tribal district Mandla, Madhya Pradesh, India where more than 50,000 people were treated for various diseases. The camp not only treated the patients but also generated huge volumes of data, which were to be analyzed at later stages to gain an understanding of the disease patterns and treatment modalities. The data could be integrated into the existing systems by pharma companies to gain microscopic insights on the new emerging disease trends and also could be used as a weapon to fight various existing diseases.
Data integration in the healthcare sector is also extensively adopted to gain interoperability between on-premises and on-demand systems. With the massive adoption of cloud applications by pharma industries, the need for data integration tools emerges more strongly. The Blood and Tissue Center of Central Texas deployed on-premises blood donor and online tissue donor tracking systems. The organization wanted a reliable and efficient method to transfer the data between these two disparate systems into Microsoft Dynamics GP. By leveraging Scribe Insight, the organization was not only able to transfer the data efficiently into Microsoft Dynamics GP but also could eliminate the cost of hiring the staff for manual data transfers.
The vertical is swiftly embracing the data integration technology by leaps and bounds, as it will result in much better preventive care. For instance, the data in the wearable devices could be used by doctors to spot any irregularities in a patient’s health or a cardiologist can easily spot drug reaction on electrocardiogram (EKG) based upon the information that is generated from the wearable devices.
COMPETITIVE LEADERSHIP MAPPING TERMINOLOGY
23 companies offering Data Integration Software in Healthcare and Life Sciences were analyzed, shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Companies.
Microsoft, IBM, Oracle, SAS Institute, Talend, Informatica and SAP have been identified as visionary leaders as they have established product portfolios and a robust market presence and business strategy.
Stone Bond, Denodo, Jitterbit, Syncsort, Scribe Software, and Information Builders have been identified as innovators as these vendors have a very focused product portfolio. However, they do not have very strong growth strategies for their overall business.
Acxiom, Cloveretl, HVR Software and Bedrock Data have been identified as emerging companies. They do not have very strong business strategies as compared to other established vendors. They might be new entrants and require some more time before gaining significant traction in the market. Boomi, Pentaho and Cisco Systems have been recognized as dynamic differentiators.
Vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria, based on which vendors have been evaluated. The evaluation criteria considered under product offerings include breadth of offering, delivery, features/functionality, product quality and reliability, and product differentiation. The evaluation criteria considered under business strategy include geographic footprint (on the basis of geographic presence), channel strategy and fit, vision alignment, and effectiveness of growth (on the basis of innovations, partnerships, collaborations, and acquisitions).
Visionary Leaders generally receive high scores for most evaluation criteria. They provide mature and reputable data integration services. They also have strong business strategies. Microsoft, IBM, Oracle, SAS Institute, Talend, Informatica and SAP are the leading players in the data integration software market and are recognized as leaders. These vendors are making their presence felt by offering services that are required by most organizations.
Innovators demonstrate substantial product innovation as compared to their competitors. They have a very focused portfolio of data integration software solutions and the potential to build strong business strategies for their business growth to be at par with the leaders. However, they do not have very strong growth strategies for their overall business. Stone Bond, Denodo, Jitterbit, Syncsort, Scribe Software, and Information Builders are recognized as innovators. Innovators have been at the forefront in deploying their services based on the clients’ custom software requirements for the niche market.
Dynamic Differentiators are established vendors with very strong business strategies. However, they are low in the product portfolio. They generally focus on a specific type of technology related to the product. Boomi, Pentaho and Cisco Systems are recognized as dynamic differentiators.
EMERGING COMPANIESAcxiom, Cloveretl, HVR Software and Bedrock Data. Emerging players specialize in offering highly niche and tailor-made solutions and services to their clients. They do not have very strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before gaining significant market traction.
Data Integration Software in Healthcare and Life Sciences Quadrant
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- Breadth and Depth of Product Offerings
- Tools provided
- Services Offered
- Training support and maintanence services
- Consulting services
- Managed Services
- Other Professional Services
- Product Offerings
- Extract, transform and load (ETL)
- Enterprise data replication (EDR)
- Data federation / enterprise information integration (EII)
- Master data management (MDM)
- Other Applications ( Portfolio Management, Operation Risk Analysis)
- Product Features and Functionality
- Processing technique
- Features offered
- Batch Integration
- Data Migration/Conversion (ETL)
- Exception Reporting and Notification
- Other Product Features offered
- Hub and Spoke
- Preffered Delivery
- Full Time Equivalent
- Subscription / Licensing
- Per User Basis
- End users
- Healthcare and Life Sciences
- IT and Telecommunication
- Governmnet and Defense
- Media and Entertainment
- Other End user(s)
- Deployment Mode
- Hosted / On-Cloud
- Customer Delivery
- Delivery - Directly
- Delivery - Through Partners / Third-Party Vendors / MSSPs
- Level of Support Services
- Customer Feedback
- Support services
- Technical Support
- Customer Support
- Sales Support
- Other Support Services
- Pre Sales Support
- Software Requirement Specification (SRS)
- Product Demos
- Proof of Concept
- Dedicated Account Manager (DAM)
- Prefered Service Delivery Mode
- On-Site Support
- Remote Support