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Deloitte has launch ConvergeHEALTH, a new business unit focusing on healthcare transformation. We understand that Healthcare is Deloitte's biggest industry by revenue, and the new business unit comes with a new investment by Deloitte of up to $200 million in healthcare analytics. Deloitte appears to believe that healthcare will become increasingly data-driven, and there are 3 reasons why this could happen: (1) increased regulation around quality, (2) changing reimbursement structures, and (3) a continued focus on cost reduction. For more details, read the full article.

Bain reports that a significant percentage of big businesses (revenues >$1 billion) are not be getting the most from their big data systems. The report found that the majority of firms are not using best practice data management principles and that this is impeding their ability to extract relevant data when needed. Firms that were early adopters of big data analytics were shown to be twice as likely to be in the top quartile of financial performance within their sector. One of the take away lessons is that big businesses should be working in a dedicated way to collect and make use of big data. Firms that fail to do so are likely to fall further and further behind. For more details, read the full article.

Accenture and DataStax have formalised their ongoing collaboration to help clients derive insights from big data seamlessly and rapidly. According to MarketWatch, the two companies will continue working together to provide clients with real-time big data capabilities enabling them to detect and prevent fraud and create more personalised interactions online. Accenture brings to the table deep industry experience and analytics skills, and DataStax brings its enterprise-ready big data platform. For more details, read the full article.