A 2012 study published by the Harvard Business Review found that companies in the top third of their industry averaged 5% higher productivity and 6% higher profitability than their competitors because they used data to make decisions. Advanced analytics solutions expand the laboratory information management system in new ways, not just managing lab data, but also enabling labs to identify the root cause of problems faster and identify opportunities for improvement. With the insights provided by advanced analytics solutions, laboratories are able to make better, more informed decisions, increasing productivity and efficiency within a lab.
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