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💫Strategic Healthcare Insights💫 Intersecting Analytics, AI, and Automation.

🤝 Bailey Cotter is Looking for an Analyst/Engineering Role 👩💻 She has a deep understanding of MRF Files & Python 👇 Impressive work example (Reduce cost / Increase speed)

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Healthcare Analytics Intern at Bright Spot Insights

🌟 A Free Solution Providing 13x Reduction in SQL Storage: Data File Size Comparison 🌟 In the realm of data analysis, the format in which data is stored can significantly impact both performance and efficiency. Recently, I conducted an experiment to compare the file sizes of a price transparency dataset from Blue Cross Blue Shield of Massachusetts saved in different formats. Here are the results: .sql file: 5,879,895 KB (including log file) Unzipped .JSON file: 2,680,573 KB Original .JSON.gz file: 487,389 KB .parquet file: 207,564 KB One of the most striking observations is the compact size of the .parquet file compared to the others. This not only reduces storage requirements but also translates to faster data processing. It's also worth noting that the .parquet file was able to load into a Python data frame the fastest, highlighting its efficiency for data manipulation tasks. Remarkably, the .parquet file is approximately 13 times smaller than the unzipped JSON file! This brings us to an important point: the challenges presented by transparency files demand that analysts and organizations think critically about the technology they use to tackle these challenges. By choosing more efficient file formats like Parquet, organizations can reduce the amount of space needed to store files, leading to potential cost savings on storage. For instance, if the storage costs are reduced by 13 times, the overall cost could be significantly lower than current expenses. To illustrate, storing 1 TB of data could decrease from about $276 per year to around $21 per year when using Parquet files. Additionally, faster data processing can reduce the time and resources spent on data analysis, further reducing costs. As data continues to grow in volume and complexity, leveraging appropriate technologies like Parquet can make a significant difference in our ability to manage and analyze data effectively while also being cost-efficient. 🌐💡 #DataAnalysis #BigData #DataScience #FileFormats #Technology #Efficiency #CostSavings #HealthcareData #PriceTransparency

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