SAP: 76% of healthcare firms to invest in big data and analytics

In a new survey conducted in collaboration with Oxford Economics, SAP has revealed that nearly 70% of healthcare companies are looking digitise their operations in order to facilitate growth.  

The study included almost 400 global C-level healthcare executives, designed to track the value of technologies in driving the digital transformations in healthcare firms.

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The report found that the majority of healthcare firms are currently making the transition to the digital economy. 76% of respondents revealed that they are planning to invest in big data and analytics in the next two years, whilst 65% are looking to spend on cloud technologies.

“Digital innovation will fuel the next wave of breakthroughs in healthcare and accelerate the broader shift toward data-driven care for health organizations,” SAP Health Global President Thomas Laur said. “Unlocking actionable data insights in real time is critical for the future success for value-based care.”

The study reveals that 61% of healthcare firms are expecting to see an increase in customer satisfaction as a result of digitisation, with 59% expecting a significant impact in innovation.

Whilst just 2% of firms in the healthcare sector having successfully completed digital transformations, more than half are looking to do so, currently either testing or piloting programs.