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Length of Stay in Hospital: How to Predict the Duration of Inpatient Treatment

AltexSoft

How many days will a particular person spend in a hospital? This article describes how data and machine learning help control the length of stay — for the benefit of patients and medical organizations. In the US, the duration of hospitalization changed from an average of 20.5 The average length of hospital stay across countries.

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Occupancy Rate Prediction: Building an ML Module to Analyze One of the Main Hospitality KPIs

AltexSoft

Read on to find out what occupancy prediction is, why it’s so important for the hospitality industry, and what we learned from our experience building an occupancy rate prediction module for Key Data Dashboard — a US-based business intelligence company that provides performance data insights for small and medium-sized vacation rentals.

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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

AltexSoft

Navigating the increasingly competitive hospitality sector landscape demands a thorough grasp of the vital performance indicators that display profitability. ADR , in the hospitality industry, stands for the average daily rate. Discover how revenue management functions in hospitality in our video. What is ADR?

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Top Data Analytics Certifications to Get in 2024

Knowledge Hut

Data Analytics is a process where data is inspected, transformed and interpreted to discover some useful bits of information from all the noise and make decisions accordingly. It forms the entire basis of the social media industry and finds a lot of use in IT, finance, hospitality and even social sciences. Why data analytics?

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Hotel Price Prediction: Hands-On Experience of ADR Forecasting

AltexSoft

Check out our video on how revenue management works in hospitality. The complexity of the hospitality market. For machine learning algorithms to predict prices accurately, people who do the data preparation must consider these factors and gather all this information to train the model. Hospitality data providers.

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An Extensive Guide To Understanding Predictive Models And Their Real-world Applications

U-Next

An evaluation of a sequence of data points over a period of time is carried out using this model. It is possible, for example, to predict how many patients will be admitted to the hospital next week, next month or the remainder of the year based on the number of stroke patients admitted to the hospital in the last four months. .

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Big Data Analytics: How It Works, Tools, and Real-Life Applications

AltexSoft

Big Data analytics processes and tools. Data ingestion. The process of identifying the sources and then getting Big Data varies from company to company. It’s worth noting though that data collection commonly happens in real-time or near real-time to ensure immediate processing. Apache Kafka.