Review the Resources and reflect on the web article Big Data Means Big Potential, Challenges for Nurse Execs.
Reflect on your own experience with complex health information access and management and consider potential challenges and risks you may have experienced or observed.
Write a description of at least one potential benefit of using big data as part of a clinical system and explain why. Then, describe at least one potential challenge or risk of using big data as part of a clinical system and explain why. Propose at least one strategy you have experienced, observed, or researched that may effectively mitigate the challenges or risks of using big data you described.
vestopedia 2019). At the level of inflation currently being faced by Venezuela, it is more suitable to refer to it as hyperinflation – a more extreme inflation during which price increases are uncontrollable and the value of money erodes to the extent that it is rendered worthless (thebalance 2019). Under these circumstances, few people benefit, however, debt holders and individuals who had taken out loans are amongst those who do, as inflation has the effect of eroding debt. Depending on the spread and severity of the inflation, the increase in prices make a debt worthless by comparison, under hyperinflation conditions, it’s virtually eliminated. Therefore, they find themselves able to pay back loans with ease and worthless money. Venezuela’s national debt had risen to approximately $156 billion in 2018 suggesting that they’d benefit from this immensely (MarketsInsider 2019). Similarly, those who are involved in the commodities export businesses are also at advantage. The decrease in value of a local currency results in cheaper exports in comparison to those of an exporter’s foreign competitors, at the same time, hard foreign currency is obtained (thebalance 2019) by the exporter. Individuals who had however, lent money as opposed to loaned it, are likely to be most negatively impacted due to their money becoming worthless. Understandably, the negatives associated with inflation with regards to Venezuela considerably outweigh any benefits. As of January 2020, Maduro initiated an increase in the national minimum wage. The minimum monthly salary earner is currently receiving 250,000 bolivars (£2.80) , a 67% increase from the previous minimum wage – 150,000 bolivars. Alongside this, he implemented a food bonus of 200,000 bolivars (Quartz 2020) – that goes for individuals who are actually employed. It was predicted that Venezuela’s unemployment rate would have reached 50% by this year.. Venezuela’s unemployment rate – referring to the segment of the labour force actively seeking and able to undergo employment, without work – was forecasted to be 44.337% during the December period of 2019. An almost 10% increase since the year prior illustrating the apparent negative impact inflation has on employment (CEIC 2019). In the short term, individuals are likely to supply labour despite the acceleration in inflation due to the higher wages. According to the Phillips curve, inflation and unemployment maintain an inverse relationship meaning low levels of unemployment correspond to higher levels of inflation and high unemployment corresponds to lower levels of inflation – potentially deflation. Logically, this makes sense as high >GET ANSWER