Explain and provide some examples using real healthcare companies to illustrate your points. 

Discussion 565- m5 | Nursing homework help

Data analytics and artificial intelligence (AI) are two trends that have been gaining traction in the healthcare industry due to their potential for improving patient care and reducing costs. Data analytics involves the collection, analysis, and interpretation of data to gain insights from patterns or correlations; while AI is an umbrella term encompassing various technologies like natural language processing or machine learning which allow machines to perform tasks traditionally requiring human intelligence.

Real world applications of these trends can be seen in organizations like CVS Health – which uses predictive analytics to identify shoppers at risk for certain health conditions so they can offer tailored recommendations on healthy living habits. Similarly, drug research firm Berg Health has used AI algorithms to discover promising compounds for new treatments; and medical device company Medtronic utilizes machine learning algorithms to predict wear-and-tear on pacemakers before any malfunctions occur.

In conclusion – data analytics and AI both offer tremendous opportunities for healthcare providers when it comes providing better services more efficiently. Therefore it’s important that companies take advantage of these innovative tools whenever possible as part of comprehensive strategies towards optimizing patient outcomes