An Infosys research report titled, Digital Outlook for the Healthcare and Life Sciences Industry, highlights how digital technologies deployed at organizations are improving existing operations, solving new problems, and creating new opportunities. The research polled IT and business decision-makers in the healthcare and life sciences industry as part of a global survey to discover the opportunities presented by new digital technologies.
Key findings from the report:
- Cybersecurity, big data analytics, and AI are among the top three digital technologies being utilized the most by healthcare and life sciences companies today.
- According to the healthcare companies surveyed, investing in technologies for big data analytics for predicting risk and the onset of health problems (73 percent), EHR systems modernization (57percent), and remote hospital-like care delivery (49 percent) are the most commonly reported trends for the next three years which will make a positive impact on their organization. Whereas life sciences respondents described that improving cybersecurity (64 percent), using cloud-based technologies (54 percent), and fostering industry collaboration (47 percent) as the top trends.
- Healthcare providers plan to invest in digital technologies in the coming 12 months. EHR systems (68 percent) and big data analytics (61 percent) are currently receiving investments from most companies who consider them a trend in the coming three years. Life sciences organizations plan to invest in digital technologies in the coming 12 months, but not all investments are in the top trends: 76 percent of those who consider it a trend over the next three years were investing in technologies to improve cybersecurity for protection of patient and trial data.
- A majority of healthcare and life sciences respondents said that their organization could improve both existing skills and technologies in preparation for implementing the top trends of the next three years.
Infosys commissioned independent market research company Vanson Bourne to undertake research to understand the use of digital technologies and key trends within nine different sectors. From October to December 2017, the quantitative and qualitative subset of the study was carried out, interviewing 1,000 senior IT and business decision-makers in organizations that use digital technologies. Respondents were from organizations with 1,000 employees or more and $500 million global annual revenue or higher across verticals such as Automotive, Banking, CPG, Healthcare, Industrial manufacturing, Insurance, Life Sciences, Retail, and Utilities.