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What is Unstructured Data Doing to Your Income Opportunities?

What is Unstructured Data Doing to Your Income Opportunities?

It’s a classic case of unstructured data: A hospital’s marketing team wanted to contact all the hospital’s patients who had asthma, to promote a new specialty. But most patients’ asthma status was noted only paper documents filled out during admission.

To build a new mailing list of asthmatic patients, the marketing staff would have to search by hand through each and every patient’s paper documents – weeks and weeks of labor, filled with human error and grumbling staffers (“Isn’t this the 21st century?!”). The project was abandoned.

And another opportunity was lost, simply because it was too hard to organize the data.

Unstructured data (data found only on paper, or in various incompatible databases) locks up information that could otherwise contribute to the bottom line. Structured data – a spreadsheet, for instance – is searchable and sortable with electronic speed. Searching and sorting unstructured data requires expensive time-consuming, error-prone manual efforts.

Document digitization is one of the ways that unstructured data is transformed into searchable, sortable structured data.

Don’t mistake digitization for a PDF, however. A PDF is essentially a picture of a document, and it’s no more searchable than the original paper. By contrast, an imaged document can be read by software. Text and numbers can be extracted, sorted, searched, and linked to other data.

With the speed of automation, the imaged information is compiled into a database. It becomes actionable business intel. Every department can access the data, make better decisions, and operate more productively.

Returning to our healthcare-marketing example above, picture a different outcome:  Marketing collaborated with IT to spearhead a pilot project, transitioning to imaged patient-admission documents. As they assembled the now-usable data, they realized that they had a treasure trove of marketing information. They stopped missing opportunities to offer additional services to patients who could benefit from them. And they stopped missing additional revenue opportunities.

If your business has paper records, you have unstructured data. Transform it into structured data, via document digitization, and start monetizing the information.

 

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Can RFID Ease the Healthcare Staffing Shortage?

Can RFID Ease the Healthcare Staffing Shortage?

“Sorry, we have a staffing shortage,” are not the words you want to hear in a healthcare setting. It’s no secret that the pandemic burned out healthcare workers at an extraordinary rate, and hospitals are experiencing an unprecedented HR crisis. Filling the vacancies will take years while new doctors and nurses are trained. But in the meantime, the quality of patient care is suffering, and healthcare needs – yours or a loved one’s – won’t wait.

Some healthcare experts are advocating for a flex-work approach similar to the hybrid workplace many offices have recently instituted. Allowing nurses to work shorter shifts, and to choose those shifts when possible, is already showing promise as a way to retain skilled staff by accommodating a life-work balance.

Technology, too, shows a path toward better patient care with fewer staff. The healthcare sector is already heavily invested in advanced technology, from robotic surgery to electronic medical records (EMR). RFID technology is found in many healthcare settings, where its data-collection capabilities are helping to keep track of pharmaceutical and equipment assets.

RFID tags and readers instantly deliver the answers to important healthcare queries.

  • What is it? An RFID tag includes the name of a drug or piece of equipment, the manufacturer’s name, an inventory control number, and other identifying information.
  • How many are there? Tags provide a complete, accurate, and fast count of supplies, to avoid shortages.
  • Where is it? RFID-tagged equipment and personnel can be tracked in real time moving through a hospital.
  • When does it expire? RFID labels include this information; it’s especially important for patient safety, and to avoid wasting expensive drugs that weren’t rotated into use before their expiry date.

As you might imagine, finding these answers manually can be extremely time-consuming, involving multiple healthcare professionals whose time is better spent caring for patients. No one wants to see nurses running through the halls looking for a surgeon or a crash cart.

Moreover, RFID-enabled patient wristbands reduce care errors. Patients’ identities can be confirmed, their treatment plans updated, and their EMR records accessed via RFID and interoperable medical technology.

RFID saves time, reduces errors, and lets healthcare workers devote their time to patient care rather than managing supplies and equipment. It won’t solve the staffing crisis on its own, but there’s no question that it is a vital part of the healthcare personnel solution.

 

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Already Got RFID? How to Make It Do More for Your Business

Already Got RFID? How to Make It Do More for Your Business

More than 45 years ago, an RFID prototype was patented by U.S. engineer and inventor Mario Cardullo, and the new technology began changing the way businesses managed and secured their physical assets. Today RFID is widespread in organizations as diverse as hospitals and mining operations, film studios and retail stores. Now these RFID-enabled companies are asking, “Can my RFID system do more than manage inventory or security?”

Yes, it can. RFID can benefit almost every facet of your business, and if you already have RFID for inventory management, you can find options for applying it in other areas, including:

  • Document management
  • Tools and supplies management
  • Furnishings and equipment management
  • Patient record management
  • Pharmaceutical dispensary management
  • Equipment maintenance schedules
  • Product out-of-date schedules

And many more.

Location capability is one of the popular add-ons which RFID users are bolting on to their existing systems. RFID technology excels at “what” (identification) and “how many” (counting). But it also shines as a “where” tool to report on the location of tagged items.

One retailer was successfully using RFID to identify and count their warehouse inventory. When they began offering buy-online pickup-in-store (BOPIS) in their storefront operations, their store associates could not locate in-store inventory quickly enough to meet customers’ pickup deadlines. Working with their RFID provider, the retailer identified a handheld RFID reader that scans shelves directionally, and quickly leads a store employee straight to the searched-for item.

Now the retailer meets its pickup deadlines easily, meeting its customers’ expectations every time. It’s a win for everyone.

Retail isn’t the only sector that benefits from RFID’s location capabilities. Knowing exactly where your employees are makes processes more efficient and improves worker safety. Knowing exactly where to find the right medication improves patient outcomes. Knowing exactly where components are in assembly lines keeps production on track. And those are just a few examples.

Do you already have RFID technology in your operations? Talk to an RFID consultant about ways to make your RFID system work even harder. Your ROI in RFID will increase even more.

 

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If You’re Tired of Inflation, RFID Has a Solution

If You’re Tired of Inflation, RFID Has a Solution

Inflation is the hot topic these days. A perfect storm of bad weather, a pandemic, armed conflict, and supply chain breakdowns have put a price squeeze on consumers and businesses alike. There’s plenty of blame to go around, but finger-pointing isn’t a solution. Instead, smart business leaders are looking to their own operations for ways to mitigate inflationary pressures.

One of those solutions is technology, in the form of better information, increased efficiencies, less waste, and speedier actions. RFID technology in particular addresses these needs, and it’s a tech solution that already exists in many operations. From logistics and retail to healthcare, pharma, public safety, and education, RFID counts objects and tracks their movements with unmatched speed and accuracy.

Here’s how RFID combats inflation:

  • Accurate information – RFID’s inventory accuracy approaches 98%, far above any handcount. With accurate information, over-ordering is eliminated, saving time, storage space, and money at a time when conserving funds is exceptionally important. With RFID, a pharmaceutical manufacturer, for instance, doesn’t have to contract for extra warehouse space and over-order in case their inventory isn’t accurate.
  • Increased efficiencies – RFID tracks supplies from manufacturer to storage to user, creating an early-warning system for potential stock shortages. Managers can adjust their order timing to account for uncertain supply chains, keeping adequate supplies on hand for operations at all times. Hospitals, for example, can keep a steady supply of medications flowing from their in-house pharmacies into the hands of patients.
  • Less waste – RFID provides aging information as well as quantity and location. Whether a business is working with perishables like foods or drugs, or longer-lived items like durable equipment, using operational inventory in a timely manner prevents waste. Return on inventory investment stays high, and inventory losses (and costs) stay low.
  • Fast actions – RFID is constantly monitoring an inventory’s quantity, location, and age and delivering actionable data. Managers can react quickly to any opportunity, whether it’s incoming supplies or outgoing products.

Inflation is, in part, a consequence of actions out of our control. RFID puts you back in charge of the things you can control. Use its data to manage better, and stand up to inflation.

 

Photo by ajr_images ©  / AdobeStock

Paperwork Isn’t in Order? Document Digitization Can Fix That.

Paperwork Isn’t in Order? Document Digitization Can Fix That.

If you work in logistics, you know all about the piles of paperwork that accumulate with any shipment. And with all that paper come the inevitable slowdowns when a document is missing or damaged, and has to be re-created. Supply chain slowdowns are a hot topic, and paperwork is part of the problem.

According to an analysis by IBM and shipping giant Maersk, nearly 200 documents were generated for a single shipment of flowers from Kenya to the Netherlands. Each document – bills of lading, Statements of Fact, and an array of certificates – represents a potential bottleneck in the smooth flow of shipments. In an industry where timeliness matters (and really, are there any industries in which time isn’t of the essence?), paper documents are a threat to business.

Digitized documents are now beginning to reduce the mountain of paper that accompanies shipments. One test of logistics digitalization, including digitized documents, reduced the usual 2-week border clearance to one day – an extraordinary improvement.

The logistics sector isn’t the only one seizing the opportunity for more efficient paper management. Government agencies, healthcare, public safety, and the legal system are all benefiting from document digitization, or digitization – converting paper documents to digital ones. Digitization creates “smart documents:” a database of secure, searchable digital documents accessible from anywhere.

Digitization speeds up operations in two ways:

  • The correct digital version of any paperwork can be located and retrieved with electronic speed. No more long delays spent digging through files or archives.
  • A document’s digital version is securely stored. It doesn’t disappear under a desk, or get damaged by insects, or become illegible due to a spilled cup of coffee.

Digitization has other benefits besides operational speed and efficiency. It reduces the need for storage space, as it eliminates the needs for numerous filing cabinets. It is accessible from anywhere, whether an employee is on another floor in a building, or working from home. It cuts down on physical paper usage and the associated business and environmental costs.

But if time is critical to your business, document digitization is guaranteed to save time in retrieving documents, and in preserving documents safely for future use. With digitization, your ship will certainly come in.

 

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