making digital transformation real - cisco · read idc’s vendor spotlight, making digital...

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All IDC research is ©2017 by IDC. All rights reserved. All IDC materials are licensed with IDC's permission and in no way does the use or publication of IDC research indicate IDC's endorsement of Cisco’s products/or strategies. Making Digital Transformation Real Challenges and Opportunities Ahead The Transformation Journey Connecting the Ecosystem From Sick Care to Health Care Healthcare’s Security Imperative Benefits of DX Technologies Improving product speed-to-market Providing differentiated services and quality care Increasing productivity and efficiency Engaging consumers Reducing costs Life sciences organizations, healthcare providers, and healthcare payers are embracing DX to address goals and challenges. Central to reducing costs and improving outcomes is personalized engagement for patients and caregivers, which uses IoT-related virtual-care solutions to connect the healthcare ecosystem. Telemedicine/telehealth 29% Medical-imaging solutions 22% Remote patient monitoring 22% Asset management of provider inventory 19% Remote-device diagnostics 16% Clinical-trial monitoring 14% Mobile health (mHealth; e.g., medication reminders) 13% Growth Strategy Transformation requires a secure and robust platform that delivers improved consumer centricity, quality of care/services, clinical/operational efficiency, and financial performance. Such a platform includes: Unified communications and collaboration Internet of Things (IoT) Converged infrastructure Security services and solutions To learn more about the opportunity that DX represents for healthcare, read IDC’s Vendor Spotlight, Making Digital Transformation Real for Life Science and Healthcare Organizations, sponsored by Cisco. An IDC Infobrief, sponsored by Cisco Digital transformation (DX) is crucial in shifting from volume-based sick care to value-based health care. These trends enable this shift by making electronic health data and insights more available across the care continuum to clinicians, patients, researchers, and executives. Key trends Technology consumerization Device proliferation Data explosion New Tech Initiatives Driven by DX Life Science 42% Providers 37% Provider 46% Payer 45% Provider 67% Payer 68% 84% Provider 60% Payer 55% Payers 36% Top Areas of IoT Investment* Digital technology impacts business and clinical processes by: *Investments as reported over the next 12-24 months. (Respondents could select more than one answer.) Providers and payers cite the top value-based healthcare drivers as: Virtual-Care Services in Pilot or Production Stage Competitive Advantage of breached health records in 2016 resulted from hacking or IT incidents for Life Sciences and Healthcare Organizations 1000s of threats daily 100s potentially dangerous 10 severe enough that CISO should notify law enforcement

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Page 1: Making Digital Transformation Real - Cisco · read IDC’s Vendor Spotlight, Making Digital Transformation Real for Life Science and Healthcare Organizations, sponsored by Cisco

All IDC research is ©2017 by IDC. All rights reserved. All IDC materials are licensed with IDC's permission and in no way does the use or publication of IDC research indicate IDC's endorsement of Cisco’s products/or strategies.

Making Digital Transformation Real

Challenges and Opportunities Ahead

The Transformation Journey

Connecting the Ecosystem

From Sick Care to Health Care

Healthcare’s Security Imperative

Benefits of DX Technologies

• Improving product speed-to-market

• Providing differentiated services and quality care

• Increasing productivity and efficiency

• Engaging consumers

• Reducing costs

Life sciences organizations, healthcare providers, and healthcare payers are embracing DX to address goals and challenges.

Central to reducing costs and improving outcomes is personalized engagement for patients and caregivers, which uses IoT-related

virtual-care solutions to connect the healthcare ecosystem.

Telemedicine/telehealth 29%Medical-imaging solutions 22%

Remote patient monitoring 22%Asset management of provider inventory 19%

Remote-device diagnostics 16%Clinical-trial monitoring 14%

Mobile health (mHealth; e.g., medication reminders) 13%

Growth Strategy

Transformation requires a secure and robust platform that delivers improved consumer centricity, quality of

care/services, clinical/operational efficiency, and financial performance. Such a platform includes:

• Unified communications and collaboration

• Internet of Things (IoT)

• Converged infrastructure

• Security services and solutions

To learn more about the opportunity that DX represents for healthcare,

read IDC’s Vendor Spotlight, Making Digital Transformation Real for Life

Science and Healthcare Organizations, sponsored by Cisco.

An IDC Infobrief, sponsored by Cisco

Digital transformation (DX) is crucial in shifting from volume-based sick care to value-based health care.

These trends enable this shift by making electronic health data and insights more available across the care continuum to clinicians, patients, researchers, and executives.

Key trends • Technology consumerization• Device proliferation• Data explosion

New Tech Initiatives Driven by DX

Life Science42%

Providers 37%

Provider

46%Payer

45%

Provider67%

Payer 68%

84%

Provider60%

Payer 55%

Payers 36%

Top Areas of IoT Investment*

Digital technology impacts business and clinical processes by:

*Investments as reported over the next 12-24 months. (Respondents could select more than one answer.)

Providers and payers cite the top value-based healthcare drivers as:

Virtual-Care Services in Pilot or Production Stage

Competitive Advantage

of breached health records in 2016 resulted from hacking or IT incidents

for Life Sciences and Healthcare Organizations

• 1000s of threats daily

• 100s potentially dangerous

• 10 severe enough that CISO should notify law enforcement