Managing Director at FTI Consulting, Jeff Bessette, Talks Healthcare and Data Analytics with OIM Students

This past Wednesday night, O&I Club was fortunate enough to host Managing Director at FTI Consulting, Jeff Bessette. Mr. Bessette has more than 25 years of experience in the healthcare, technology and life sciences industries with a strong background in predictive modeling, statistical analysis, data mining, and outcome evaluations. 

FTI Consulting provides services for a multitude of industries including aerospace and defense, environmental, financial institutions, healthcare, insurance, transportation, and more. Mr. Bessette specializes in the healthcare and life sciences sector of the firm, focusing on litigation and hospital operations, specifically the supply chain. He typically reviews labor analytics, as well as evaluating strategy in hospitals in order to improve processes. 

Three important talking points Mr. Bessette spoke about included personalized medicine and genomics, system automation such as APIs, and appliances, devices and SMACKs. He discussed how we could gather data from wearable devices such as a FitBit, and then analyze the information to make predictions about our future. A FitBit can track your heart rate, and it can detect an irregular heartbeat pattern.

Mr. Bessette predicts that soon devices such as this will be able to tell people if they are going to have a heart attack prior to actually having one. He discussed how easy it is now to gather data and how helpful it can be for the future, especially in the healthcare arena.  Mr. Bessette also covered some important skills that he believes all graduates heading into the workforce should acquire before leaving college. Getting a solid foundation of the database management system, SQL, before beginning your first job is vital. Most companies train employees on their particular relational database management system upon arrival, but you will stand out amongst your peers if you already have a basic knowledge of the program. Although technologic advancements move at such a rapid pace these days, Mr. Bessette also stressed the importance of keeping up with current trends in the tech space. In order to stay ahead of outsourcing and offshore reaping, it is necessary for corporations and decision makers within those companies, to remain adaptable to the new ways of technology. 

Currently, ninety percent of business is based off of analytics and the highest paying job out of college is a data scientist. Due to this spike in analyst jobs, several companies are hiring, but the competition for these jobs is increasing as well. Mr. Bessette discussed how to differentiate oneself from other candidates in the workforce. First, the most powerful tool you have is your LinkedIn profile. Expanding your connections are important and companies often use LinkedIn as the first way to get to know someone. Companies will check all social media, so it is important to make sure Facebook profiles, Twitter pages and other social media is clean. Above all, Mr. Bessette strongly emphasized to be a sponge at your place of work. Take everything in and learn as much as you can, whenever you can. It is important to be eager, optimistic, and positive because people will notice and it can help you to move up in a company in the future.