tag:blogger.com,1999:blog-17680880896679708672024-03-14T00:22:49.384+05:30DataAdvanceR Labs (Training + Internship + Mentoring)Big Data Analytics, Data Science Trainings in R, Python, SAS, PySpark, Predictive Modelling, Machine Learning, Deep Learning, Natural Language Processing.
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Email - krpresearch@gmail.comRajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-1768088089667970867.post-91443281462904914732020-11-17T16:31:00.001+05:302020-11-17T16:31:10.209+05:30Trading Strategies using R - Algorithm Trading - Quantitative Finance - ...<iframe width="480" height="270" src="https://www.youtube.com/embed/Rnwzq_mBejk" frameborder="0"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com1tag:blogger.com,1999:blog-1768088089667970867.post-18852555042132127932020-11-17T16:30:00.002+05:302020-11-17T16:30:46.182+05:30Trading Strategies using R - Algorithm Trading - Quantitative Finance - ...<iframe width="480" height="270" src="https://www.youtube.com/embed/e2qU5MeF680" frameborder="0"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com2tag:blogger.com,1999:blog-1768088089667970867.post-27376588615564554772020-08-26T10:56:00.001+05:302020-08-26T10:56:46.313+05:30Python for Data Science - Machine Learning Module <p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-tTnkxX_5ym8/X0XxfIPy6sI/AAAAAAAAC6c/XetOKrEVSIA4EAxR58-IEtP3sEv_GHiFQCLcBGAsYHQ/s902/PythonML.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="506" data-original-width="902" src="https://1.bp.blogspot.com/-tTnkxX_5ym8/X0XxfIPy6sI/AAAAAAAAC6c/XetOKrEVSIA4EAxR58-IEtP3sEv_GHiFQCLcBGAsYHQ/s640/PythonML.png" width="640" /></a></div><br /><p></p><p><br /></p><p>Registration Link: https://forms.gle/ovQ3F1uDShDyoDhT6</p><p><br /></p><p>Please Share with your colleagues, friends, and other interested participants.</p><p><br /></p><p>Thanks</p><p>Rajesh Prabhakar Kaila</p><p>Mobile - 90009 61141</p><p>Email - krpresearch@gmail.com</p><p><br /></p>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-47646515469955731712020-08-26T10:45:00.003+05:302020-08-26T10:45:43.715+05:30Session 1 Statistical Analysis with R - Business Statistics using R<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/vaJ4Z3-nCxE" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-41509071931146749872020-08-26T10:45:00.001+05:302020-08-26T10:45:21.642+05:30Statistical Analysis with R - Business Statistics - Hypothesis Testing -...<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/4oNsU_7XOHo" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-5847702680645018952020-08-26T10:44:00.003+05:302020-08-26T10:44:51.577+05:30Machine Learning with R Day 1 Part 1<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/t7H14cx-N7U" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-43901416859720410312020-08-26T10:44:00.001+05:302020-08-26T10:44:23.338+05:30Machine Learning with R - Day 1 Part 2<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/vZhK18ofjDs" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-64480856897443702522020-08-26T10:43:00.001+05:302020-08-26T10:43:50.125+05:30Machine Learning with R - Day 2<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/FBg_ke1Eh54" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-855447854446572522020-08-26T10:42:00.001+05:302020-08-26T10:42:21.796+05:30Time Series Analytics - Multivariate Time Series Data Day2<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/l0fduN7sZUk" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-77639971654127672402020-08-26T10:41:00.003+05:302020-08-26T10:41:46.706+05:30Structural Equation Modelling using R Day 1<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/w4uHYdthssw" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-13152835123101119742020-08-26T10:41:00.001+05:302020-08-26T10:41:17.135+05:30Time Series Univariate Time Series Analytics using R<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/o4-qjkWdjfo" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-11761653786453339722020-08-26T10:40:00.001+05:302020-08-26T10:40:48.203+05:30Structural Equation Modelling using R, Onyx & SAS Studio<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/Bvdtm2ErdiI" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-61697582556874644022020-07-09T20:04:00.001+05:302020-07-09T20:04:14.154+05:30Python Machine Learning - Regression, Preprocessing<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/Kxb_h53oM_0" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-63144835877081822132020-06-21T19:15:00.001+05:302020-06-21T19:15:46.972+05:30Statistical Analysis with R - Business Statistics - Hypothesis Testing - Multiple Linear Regression<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/4oNsU_7XOHo" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-22145830467690792692020-06-21T18:37:00.001+05:302020-06-21T18:37:07.310+05:30Session 1 Statistical Analysis with R - Business Statistics using R<iframe allowfullscreen="" frameborder="0" height="344" src="https://www.youtube.com/embed/vaJ4Z3-nCxE" width="459"></iframe>Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-45241575401039452642020-03-05T19:12:00.001+05:302020-03-05T19:13:02.789+05:30Machine Learning - Multiple Linear Regression - Manual Calculation - Matrix Formulations - Algorithm - Data Science <div dir="ltr" style="text-align: left;" trbidi="on">
<iframe allowfullscreen="" frameborder="0" height="270" src="https://www.youtube.com/embed/tOQbqhS-6hs" width="480"></iframe></div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-72011645754084003302020-02-24T12:12:00.000+05:302020-02-24T12:15:34.101+05:30R Shiny Application for Forecasting Share Prices using ARIMA <div dir="ltr" style="text-align: left;" trbidi="on">
The Application downloads share price data from Yahoo Finance and uses the data to plot a Candle stick chart with Relative Strength Index (RSI) Indicator.<br />
<br />
Interpretation of RSI:<br />
<br />
a) RSI falls into Oversold Category if it falls below 30%<br />
b) RSI falls into Overbought Category if it raises above 70%<br />
c) <span style="background-color: white; color: #111111; font-family: inherit;">The RSI calculates average price gains and losses over a given period of time; the default time period is 14 periods with values bounded from 0 to 100.</span><br />
<br />
<span style="background-color: white; color: #111111; font-family: inherit;">Just Copy & Paste the code in R Shiny App in R Studio as App.R or </span><span style="color: #111111;">separately ui in ui.R and server in server.R</span><br />
<br />
Please be careful in regards to indentation.<br />
<br />
R Shiny Application Link: <span style="background-color: white; caret-color: rgb(98, 98, 98); color: #626262; font-family: "Open Sans", "Helvetica Neue", Arial, sans-serif; font-size: 14px;"> </span><a class="ng-binding" href="https://krpresearch.shinyapps.io/stockprediction/" style="box-sizing: border-box; color: #5b90bf; font-family: "Open Sans", "Helvetica Neue", Arial, sans-serif; font-size: 14px; text-decoration: none;" target="_blank">https://krpresearch.shinyapps.io/stockprediction/</a><br />
<br />
<br />
<span style="background-color: white; color: #111111; font-family: inherit;"><br /></span>
<span style="background-color: white; color: #111111; font-family: inherit;"><br /></span>
<span style="background-color: white; color: #111111; font-family: inherit;">R Shiny App Code:</span><br />
<span style="background-color: white; color: #111111; font-family: inherit;"><br /></span>
<br />
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">library(shiny)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">library(quantmod)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">library(fpp)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">ui=fluidPage(<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> titlePanel("StockPrediction"),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> sidebarLayout(<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> sidebarPanel(<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> helpText("Select Ticker Yahoo Finance"),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> textInput("symb","Symbol","GOOG"),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> dateRangeInput("dates",<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> "Date Range",<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> start="2007-01-01",<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> end=as.character(Sys.Date())),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> br(),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> br()<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> ),<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> mainPanel(plotOutput("technical"),plotOutput("summary"))<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> )<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">server=function(input,output){<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> dataInput=reactive({<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> getSymbols(input$symb,from=input$dates[1],<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> to=input$dates[2],auto.assign = F)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> <o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> })<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> output$technical=renderPlot({<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> data=dataInput()<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> chartSeries(data,type="candlesticks")<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> addBBands()<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> addRSI()<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> })<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> output$summary=renderPlot({<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> datadf=as.data.frame(dataInput())<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> dataclose=datadf[,4]<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> dataclose=na.omit(dataclose)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> fit=auto.arima(ts(dataclose,frequency = 7),D=1)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> summary(fit)<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> plot(forecast(fit,h=50))<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> <o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> })<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US"> <o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">}<o:p></o:p></span></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<br /></div>
<div class="MsoNormal" style="font-family: Calibri, sans-serif; margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US">shinyApp(ui=ui,server=server)</span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-76261745922747095042019-04-16T09:53:00.000+05:302019-04-16T09:53:14.486+05:30Non-Linear Revenue Strategy for Indian IT industry Key to Survival<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="color: #333333; line-height: 150%;">Gone are the days of double-digit revenue growth for the Indian
IT industry as </span>companies have focused on the digital transition and
cloud-led disruption that impacted revenue growth negatively. Digital
businesses currently 20% -30% of Indian IT firms revenue, will continue to
drive future growth and contribute 50% of revenue by 2021. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="color: #333333; line-height: 150%;">Digital is different from offshoring which is nonlinear revenue
model compared to off shore’s linear revenue model as the number of employees
increase the revenues will also increase. In the nonlinear model, a smaller number
of employees more revenues or revenue per employee much higher. How Indian IT
Industry adjusts to nonlinear revenue model, reducing dependence on large
clients and adopting latest technologies is key to success of large and medium companies.</span>
<span style="background: white; color: #282828; line-height: 150%;">Margins also improve if a company has a
non-linear revenue model such as revenue based on outcome-based work.</span> <span style="background: white; color: #4b4b4b; line-height: 150%;">Indian tech players have been very proactively
responding to customer and market demands for reskilling and non-linear
approach of growth.</span><o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="background: white; color: #4b4b4b; line-height: 150%;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="background: white; color: #4b4b4b; line-height: 150%;">There had been </span><span style="background: white; color: #222222; line-height: 150%;">30% to 40% fall in net headcount addition in Indian IT
services firms over the past few quarters indicate a positive trend of
non-linear growth. </span><span style="background: white; color: #282828; letter-spacing: 0.15pt; line-height: 150%;">Net employee addition by the top four Indian information
technology (IT) services </span><span style="background: white; letter-spacing: 0.15pt; line-height: 150%;">companies <span style="color: #282828;">in 2017-18 dropped
by more than three-fourths. Despite this </span>companies <span style="color: #282828;">showed good revenue, as the non-linear revenues drove the
industry that also led to margin increase and profitability.</span> Even though
non-linearity strategy is being aggressively adopted, companies still hire the
required number of people when there is a client demand for certain
technologies or skill sets.</span><span style="color: #333333; line-height: 150%;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="background: white; letter-spacing: 0.15pt; line-height: 150%;"><br /></span></span></div>
<div class="MsoNormal" style="line-height: 150%; text-align: justify;">
<span style="font-family: inherit;"><span style="background: white; color: #222222; line-height: 150%;">Non-linear disruptive revenue per employee growth
will increase in coming years for Indian IT services as there will be higher
Billing Rates for IoT services, Digital Transformation Deals and companies will
keep up the growth at steady pace.</span> <span style="background: white; color: black; line-height: 150%;">Company officials and industry experts are of the opinion that factors
like automation, rise of fixed price contracts and emergence of new levers of
revenue flows are aiding the nonlinear drive.</span> Indian IT firms are focusing
their <span style="background: white; color: black; line-height: 150%;">efforts towards non-linear growth, including
investments in technology platforms, steps taken to consolidate, and automating
of processes. </span></span><span style="font-family: "Times New Roman",serif; font-size: 12.0pt; line-height: 150%; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"><o:p></o:p></span></div>
<br /></div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com1tag:blogger.com,1999:blog-1768088089667970867.post-74620345120316940672014-10-25T12:35:00.000+05:302014-10-25T12:35:28.152+05:30Global Legal Process Outsourcing Market 2014 -2010 – India Dominates as Europe Opens up<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">According
to a NASSCOM-CRISIL study, India is a dominant player in the Global Legal
Process Outsourcing industry and is expected to continue its growth at an average
rate of 25%-30% annually. NASSCOM highlights that the Indian LPO sector has
engaged more than 18,000 professionals currently with annual revenue of USD 960
million and is expected to grow to USD 1.3 billion by 2015. </span><span lang="EN" style="line-height: 115%;">The global market is expected to grow to $8.56 billion in
2020, from $1.39 billion at the end of 2013, according to estimates from Grand
View Research. The market is growing at over 25% on a consolidated annual
growth rate basis. The US is the dominant market for the legal process outsourcing
industry and Indian LPO players are seeing opportunities in Europe as financial
services firms and companies on the continent look to cut costs. "Europe
is opening up to legal process outsourcing and we see a lot of interest from
India-based LPOs. Within a year or two we will start to see definite momentum
in them setting up delivery locations on the continent," Andrew Burgess,
director at UK-based outsourcing advisory Source said in an interview to
Economic Times. "We have just seen demand from European banks which are
facing regulatory pressures. We already have one European bank as a customer,
another deal is just in closing and more deals are in the pipeline," Mohan
Ayyangar, chief operating officer of LPO firm Pangea3, told Economic Times.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN" style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">Indian LPOs
have significantly moved up the value chain wherein initially legal research
assignments related to finding case laws, statutes, rules and regulations were
outsourced but more work is now being
outsourced related to preparing preliminary drafts of legal documents for use
in foreign courts. Further tasks such as contract management, patent drafting,
prior-art searches, due diligence and even litigation support, in the form of
document review, are also being outsourced to Indian LPOs. Most of the LPO work
done in India is outsourced by financial Services firms but other industry
segments are also looking to outsource legal work to India particularly MNCs
that operates in many countries need to maintain different legal documents and
requirements as per the local jurisdiction requirements. </span><span lang="EN" style="line-height: 115%;">"We are seeing an increased demand from Europe from
global Fortune 500 companies that have operations in Europe and from the ones
that are headquartered there. It's a very important market for us and we are
expanding our existing operations," Pavan Vaish, global chief operating
officer for UnitedLex Corp told Economic Times.</span><span lang="EN" style="line-height: 115%;"> </span><span style="line-height: 115%;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN" style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">Europe
presents a big challenge for Indian LPO players both in terms of Language and
legal systems. “</span><span lang="EN" style="line-height: 115%;">LPO services
started in document review and the discovery space and the main pick up was
seen in common law countries. We will have to look at LPO in Europe differently
and look at more process-oriented services like intellectual properly,
compliance and contract management," Kunal Purohit, country head for
private equity-backed Integreon, told to Economic Times. Indian LPO is smaller
in size but gradually increasing its size and is expected to continue its
growth in the near future. </span><span style="line-height: 115%;">Competition from countries
like Vietnam, China, Hungary, Czech Republic and the Philippines is increasing
but Indian companies will continue to dominate due to the quality of work and
talent Indian LPOs offer, rather than their lower costs.</span></span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%;">
<o:p></o:p></span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com1tag:blogger.com,1999:blog-1768088089667970867.post-36286851008471489742014-10-25T11:08:00.000+05:302014-10-25T11:08:31.934+05:30Global Procurement Outsourcing Market 2014 – Expected to continue growth <div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">According to Everest
group Research, <span style="font-size: small;">the procurement outsourcing
market grew by 12 % (YoY) in 2013, and is expected to grow by 10-12 per cent in
2014.</span> <span style="font-size: small;">Everest Group further forecasts
the market will expand to between $270 billion (£158 billion) and $275 billion
(£161 billion) in spend, and reach $2.2 billion (£1.3 billion) in annualized
contract value in 2014 compared to managed spend of $254 billion (£149 billion)
and $2 billion (£1.2 billion) in annualized contract value in 2013. <o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">TechNavio's analysts
forecast the Global Procurement Outsourcing Market to grow at a CAGR of 22.48
percent over the period 2013-2018. According to research from Information Services
Group (ISG), the first half of 2014 has seen a decrease in the number of
companies outsourcing procurement work and the outsourcing market as a whole
achieved a record-high annual contract value during the second quarter,
reaching $6.4 billion (£3.7 billion). Based on the performance seen during the
first half of the year, ISG expects annual outsourcing contract value to grow
25 per cent over the year as a whole. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">Everest Group also
highlighted emerging markets of Asia Pacific, Middle East and Africa, and Latin
America are driving the procurement outsourcing market growth and more end to
end procurement process outsourcing deals also tripled in the past three years.
Everest Group said: “The market is currently in a
state of flux, with record new deal signings and a record number of
terminations, simultaneously. Such volatility, attributed to switching of
service providers, is an indication of reducing stickiness”. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">The prime value
proposition for procurement outsourcing still remains cost and spending cuts
but other functions like category expertise, technology related and governance
and compliance related is also on rise. Collaboration between procurement and
other enterprise functions like Finance & Accounting, Human Resource,
Supply Chain and Manufacturing. Accenture, IBM followed by Indian vendors
dominate the market and India dominates the delivery location as most of the PO
work is done from India based on the location of the number of Full Time
Equivalent employees. Manufacturing segment followed by Financial Services, CPG
& Retail, Energy & Utilities are the verticals that are outsourcing the
procurement activities. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN" style="line-height: 115%;"><span style="font-family: inherit;">Procurement outsourcing is subcontracting of key procurement requirements
of an organization to a third-party vendor who has expertise in the required
domains which helps businesses to focus on their core business activities and
benefit from reduced costs and spending generated by PO vendors. But businesses
have to be careful in PO as they have to clearly define the performance
criteria and SLAs so that the process moves in line with the business
objectives. According to </span></span><span style="line-height: 115%;"><span style="font-family: inherit;">Abhishek Menon, practice director at
Everest Group, “Procurement outsourcing makes an attractive business case for
both buyers and service providers who have remained disciplined, vigilant and progressive.” </span><span style="font-family: 'Times New Roman', serif; font-size: small;"><o:p></o:p></span></span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com1tag:blogger.com,1999:blog-1768088089667970867.post-50857902441239797562014-05-20T15:11:00.000+05:302014-05-20T15:11:06.665+05:30Global SaaS Market 2014 – 2018 – Continues to drive growth in Cloud Computing Market<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">Global Software as
Service market is expected US$53 billion by 2018, or 59 per cent of the
enterprise public cloud computing market from the current 2013 revenues of US$23.2
billion, according to Juniper Research and also expects the overall enterprise
cloud computing market to reach US$90.7 billion by 2018. According to Forrester
Research, the total </span><span lang="EN" style="line-height: 115%;">public cloud
services market revenues were US$58 billion in 2013, is expected to grow to $72
billion in 2014 and expected to reach US$191 billion by 2020. Software as a
Service (SaaS) solutions accounted for $36 billion in revenue in 2013. SaaS market
has reached significant maturity levels and well established in several application
categories like sales force automation, customer relationship management, human
resource management, eProcurement and ePurchasing, replacement of existing
licensed software. Cloud platforms, led by Amazon Web Services LLC, with
revenues of $4.7 billion in 2013 but traditional IT partners IBM, HP and
Microsoft are fast catching up with their own set of offerings and market is
becoming highly competitive. The other two segments of cloud computing Platform
as a Service (PaaS) and Infrastructure as a Service (IaaS) are also expected to
continue growth. But these two segments face certain critical issues in terms
of </span><span style="line-height: 115%;">data
security, compliance and portability. “Both PaaS and IaaS will experience
significant growth over the forecast period as new applications, developed
specifically for the cloud to harness workloads such as big data analysis,
benefit from the PaaS ‘fast-track’ model,” Juniper says.<br />
</span></span></div>
<span style="font-family: inherit;"><span style="line-height: 115%;"><br /></span></span><span lang="EN" style="line-height: 115%;"><span style="font-family: inherit;">According to San Diego-based investment firm Software
Equity Group, SaaS software revenues will contribute around 25% of the overall
software market in the next five years. Research firm Gartner estimated that
global spending on SaaS will reach $22.1 billion by 2015. Some software vendors
are converting their software delivery and revenue models to SaaS, while others
acquire SaaS companies to gain access to this market. SaaS offerings are
predominantly based on subscription models where enterprise customers access
the software in the cloud by paying monthly subscriptions which is totally
different from the traditional software license and maintenance models where
customers have to pay large upfront perpetual license fee. With the emergence
and development of networking equipment, platforms and access devices like
smartphones and handheld devices, SaaS based on subscription model is picking
up and customers can easily access data and applications form anywhere, at any
time, on any device. Despite this there are certain concerns for CIOs who are
not totally adopting the SaaS model as there are security concerns, switching
costs, regulatory concerns and also cloud outages and failures too. Adoption of
cloud based models is further expected to grow in the next five years as the
technologies mature and more applications and services are offered on the
cloud. Companies too need to rethink their IT investment strategy as Cloud
Computing offers a significant level of cost savings in terms of IT
infrastructure investments.</span></span><br />
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0tag:blogger.com,1999:blog-1768088089667970867.post-70305432742236334652014-05-20T12:17:00.000+05:302014-05-20T12:17:11.303+05:30Finance & Accounting Outsourcing Market - Beyond Costs moving to Transformation<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">According to an article
in www.the-outsocurcing .com written by <span style="font-size: small;">Saranya Sundararaja, Senior
Research Analyst at Beroe Inc., the Finance & Accounting BPO
market is expected to surpass US$ 25 billion in 2013, and grow at a CAGR of
around 8% between 2012 and 2017. The overall Global BPO market is estimated to
be US$304 billion and the share of F&A BPO of the total market is 8%. Most
of the organizations (75%) have outsourced their FAO mostly termed as P2P
(procure to pay), O2C (order to cash) and R2R (record to report). The key
factors driving the growth of this market are primarily cost savings (ranging
25% - 40% on current cost base), labor arbitrage (low cost locations labor cost
is one third of the developed markets labor cost), efficiency focus,
standardization, innovation and innovative technologies. Most of the Fortune
500 companies outsource primarily transactions related to Accounts Payable,
Accounts Receivable, Payroll and General Accounting. A growing number of
technology companies are leveraging third-party service delivery, with the
number of global services agreements rising from 20 per year to 50 a year over
the last ten years. The average length
of contract [5 years] and average size of contract ($4.7 million for F&A)
is relatively unchanged, according to recent Everest Group research. The
largest buyers of FAO services are Telecom, Manufacturing and BFSI, however, in
terms of growth, Telecom, Media and Publishing, and Retail are facing highest
growth (CAGR of 8-10%).<o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><span style="font-size: small;">F&A BPO Market has
matured over the years and with the entry of new players like small, medium and
large players over the years, the market also has become highly competitive.
Most of the F&A outsourcing contracts these days have either outcome based
pricing model or gain sharing model where the pricing is tied to achieving
certain specific outcomes or goals. Clients are demanding more from the vendors
other than cost savings they want the vendors to participate in their business
transformation and create significant impact. Financial Planning and Analysis,
Budgeting, Forecasting and Internal Audit are some of the processes that are
being outsourced to third party vendors which are high risk and high pay in
nature. In terms of business transformational activities like Financial Process
Consulting, Change management and supporting innovation roadmap, the level of
outsourcing has increased by 20% to 25% over the last 3 years, according to </span>Saranya
Sundararaja, Senior Research Analyst at Beroe Inc. Another important aspect is
the integration of analytics into the F&A BPO where some of the vendors are
also offering predictive analytics and other advanced data analytics offerings along
with the traditional Reporting to clients as well. Indian BPO Vendors have
built significant market share in the F&A BPO market over the years and
they now have to build skills or acquire skills that help them in offering high
end judgment based services to the clients and move up the value chain.</span><span style="font-family: 'Times New Roman', serif; font-size: small;"><o:p></o:p></span></span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com1tag:blogger.com,1999:blog-1768088089667970867.post-71358014068418652112014-05-19T14:20:00.000+05:302014-05-19T14:20:37.972+05:30Global Medical Transcription market continues its growth till 2019 due to Cost Savings<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">According to <i>Transparency
Market Research Report, Medical Transcription market globally </i>is expected
to grow at a CAGR of 5.6% from 2013 to 2019, to reach an estimated value of USD
60.6 million in 2019, the market was valued at USD 41.4 million in 2012. The report classified the medical
transcription services based on service types into History and Physical Report
(H&P), Discharge Summary (DS), Operative Note or Report (OP), Consultation
Report (CONSULTS), Others (Pathology Report (PATH) & Radiology Report (X
rays or radiographs)) market. CONSULT reports is largest among all the other
reports in the medical transcription services market as these reports are
repeatedly produced for single patients undergoing treatment each time the
patient visits the specialist. It is expected that the global market fort
CONSULT reports will reach USD 21.1 million with the market growing at a CAGR
of 3.3% from 2013 to 2019. H&P reports share of overall medical
transcription services market has increased as both inpatients as well as
outpatients are being maintained both to reduce the risk of reimbursement
issues. Outsourcing is the most preferred mode of service procurement in
medical transcription as internationally operating healthcare organizations
need to efficiently run the operations, reduce costs, maintain up-to-date
patient health records, facilitate reimbursement and claims process, and also
due to regulatory constraints.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">Medical transcription
jobs are outsourced to offshore companies and freelancers as the hospitals and
healthcare organizations have savings in terms of overhead costs of setting up
for in-house department for medical transcription and the staff costs are high
compared to low cost countries like India and Philippines where the staff costs
will be one third of the cost in United States. United States followed
by United Kingdom and Canada outsource medical transcription jobs to low cost
countries like India, Philippines, etc. Medical Transcription vendors can
handle significant volumes efficiently and maintain the health and medical
records without errors will allow the hospitals and Medical professionals to
focus on improving the services to patients and also improve the healthcare.
With significant changes in the United States Healthcare like Patient
Protection and Affordable Healthcare Act, compulsory health insurance and aging
populations the market is expected to continue its growth in the next five
years. The North America medical transcription services market was worth more
than USD 18 million and is expected to grow at a CAGR of over 5% in the
forecast period. But Indian Medical transcription vendors are facing severe
competition from Philippines, China and other countries as the vendors in these
countries with support of government incentives are also bidding for the
contracts. Moreover India is losing its labor arbitrage as the cost of living
increases. Even the Healthcare payers and providers in the United States are also
looking to cut costs due to increase in competition and government regulations.</span><span style="font-family: 'Times New Roman', serif; font-size: small;"><o:p></o:p></span></span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com2tag:blogger.com,1999:blog-1768088089667970867.post-26490067755221474682014-05-19T11:52:00.000+05:302014-05-19T11:52:38.139+05:30Procurement & Supply Chain Management Software Market 2013- Strategic Importance<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;">Procurement plays a
critical role in cutting costs of acquiring the raw materials and other
materials for the company’s operations. Company’s across the globe have automated
this process and deployed advanced software technologies to effectively manage
their procurement operations there by reducing costs and also surviving in the
highly competitive markets. For offering the products and services at the
lowest possible price and with good profit margins business managers have
realized the importance of strategic sourcing and procurement and deployed
software technologies to manage this critical business function. For materials
that are high value in nature, whose prices constantly change based on the
market conditions and whose availability is also highly competitive as
competitors too fight for the same materials strategic sourcing and procurement
is critical strategy. <span style="font-size: small;"><o:p></o:p></span></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="line-height: 115%; text-align: justify;">
<span style="font-family: inherit;">According
to Gartner, supply chain management and procurement software market grew by 7.3
per cent to $8.9 billion (£5.27 billion) in 2013. SAP dominated with number one position for more than a
decade with a 23.9 per cent market share, growing its revenue by 24 per cent
from $1.7 billion (£1.02 billion) in 2012 to $2.14 billion (£1.27 billion) in
2013. Oracle is second in the market with a market share of 16.3 per cent, down
on 17.4 per cent in 2012, and revenue of $1.46 billion (£861.5 million), up
just 0.1 per cent on 2012. JDA Software remained in third place in 2013 and
according to Gartner a “year of transition as it worked through product rationalization
and integration of several years of acquisitions and the 2013 merger with
RedPraire. Gartner said the market grew because supply chain investments “kept
their priority”, even as IT budget managers “remained cautious”. Chad
Eschinger, research VP at Gartner, said: “Both influences have impacted strategic
planning processes and have resulted in stronger price-based competition and
smaller contracts. Cloud and subscription-based pricing is shifting revenue
streams and influencing growth.”<o:p></o:p></span></div>
<div style="line-height: 115%; text-align: justify;">
<span style="font-family: inherit;"><br /></span></div>
<div style="line-height: 115%; text-align: justify;">
<span style="font-family: inherit;">Investment in Procurement and
supply chain management software will lead to supplier relationship management,
reduction in errors and quality issues, efficient and timely supply of the
materials, reducing cost, reducing support costs. Even procurement managers
using software can improve their productivity, achieve the strategic goals,
negotiate efficiently, avoid unnecessary legal disputes and conflicts, manage
their work and provide the relevant and necessary reports to the finance teams
and top management. Procurement BPO is one of the critical process for the
Indian IT & BPO Vendors and companies that outsource this function to third
party vendors in India have over the years have seen significant cost
reduction. But Procurement BPO market has matured and the companies are looking
for vendors who will bring strategic impact to their business not only reduce
costs. For doing so the automation and software technologies play a significant
role and even Indian IT & BPO vendors are also developing products in this
segment. </span><o:p></o:p></div>
<div style="line-height: 115%; text-align: justify;">
<br /></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com2tag:blogger.com,1999:blog-1768088089667970867.post-67035007547001527812014-03-10T21:12:00.000+05:302014-03-18T19:59:38.015+05:30Global Healthcare Analytics Market 2013-2020 - Growth driven by Predictive & Prescriptive Analytics<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">Healthcare analytics
gained prominence since past few years as number of new companies have emerged
that offer specific analytical tools that use statistical, contextual,
quantitative, predictive, cognitive tools to analyze the huge chunks of data
that is generated by healthcare companies. Huge amounts of data are being
generated by healthcare companies that need to be analyzed for efficient
decision making by the managers. Healthcare analytics uses statistical tools
and techniques to analyze healthcare-related data in order to analyze
operational performance or clinical outcomes to improve the quality and
efficiency of clinical and business processes and performance. The global
market is estimated to be $4.43billion in 2013 and is expected to reach $21.35
billion by 2020, at a CAGR of 25.2%. Growth is mainly driven by predictive
analytics and prescriptive analytics in the U.S. and Asia, according to a
report provided by </span><a href="http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=472"><span lang="EN-GB" style="line-height: 115%;">MarketsandMarkets</span></a><span lang="EN-GB" style="line-height: 115%;">, a global market research and consulting company.
Data analytics particularly the big data analytics is a very important
strategic advantage for the company as the companies can look at improving the
processes and also design products and services that best suits the needs of
the consumers. New technologies like wireless technologies, sensors, mobile
devices, etc. have even more fuelled the need for data analytics as more and
more data is being captured and this must be used by companies for decision
making. Some of the big players in this segment are IBM, Oracle, SAS, etc. Many
small and start-ups are also coming focusing particularly on the healthcare
analytics segment.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-GB" style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: inherit;"><span style="line-height: 115%;">Healthcare analytics is
being aggressively adopted by both payers (insurance companies) and providers
(hospitals) and some of the most important
functions include improving the accuracy of diagnoses, cost reduction,
fraud prevention, revenue generation, service improvement to real-time view of
the business. The major driver for business analytics is the return on
Investments (ROI), with a median of five years, from 10% to 1,000%, according
to a report provided by </span><a href="http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=472"><span lang="EN-GB" style="line-height: 115%;">MarketsandMarkets</span></a><span lang="EN-GB" style="line-height: 115%;">, a global market research and consulting company. </span></span><span style="line-height: 115%;"><span style="font-family: inherit;"><span style="font-size: small;">The
global market is dominated by the U.S., followed by Europe, Asia, and the Rest
of the World. The U.S. will continue to lead the global market till 2020. Apart
from the U.S., the Asian region is also expected to drive the market growth.
The European market is the second largest market, growing at a lower rate due
to the economic crisis. Governments are also incentivizing the companies that
are adopting the data analytics tools and also using such tools in the decision
making. Governments across the globe spend trillions of dollars on healthcare
and they are looking for ways and means of reducing the cost or looking for
significant value from their healthcare investments. </span>Despite
the advantages there are certain issues and challenges related to healthcare
analytics like as data security issues, patient data confidentiality, doctors
and hospitals lack of interest in IT adoption, and lack of skilled professional
cross-functional analytical skills in medicine, statistics and IT.</span><span style="font-family: 'Times New Roman', serif; font-size: small;"><o:p></o:p></span></span></div>
</div>
Rajesh Prabhakar Kailahttp://www.blogger.com/profile/01199585844323292665noreply@blogger.com0