The advent of Industry 4.0 brought with it an exponential growth in the Healthcare and Life Sciences sectors. Even though the Covid-19 pandemic may have hit the brakes on worldwide economic growth, the importance of the right kind of investment in healthcare is more evident than ever. Here, we attempt to examine what organizations in this space can do to bring long-term impact, bolster growth and trim superfluous costs (an estimated 15% saving of global workforce costs alone which would amount to trillions of dollars).

With health information doubling every 3-4 years, it is becoming increasingly impossible for humans to keep up with the sheer volume of data. The right ‘Digital evolution and Data’ strategy can help facilitate interconnectivity between healthcare providers, pharmaceutical industries, life sciences firms, insurance providers & payers, and patients & consumers.

Ref: https://www.valuelabs.com/blog/healthcare/digitalising-healthcare-e...