Nearly 70 percent of healthcare leaders say healthcare organizations that successfully cultivate their big data analytics skills will realize a significant competitive advantage over those who fail to make the transition to the digital economy.
That’s according to a new survey from SAP and Oxford Economics, in which three-quarters of respondents said they are planning to accelerate their investments in big data analytics tools over the next two years to cement their place as top performers in their field.
“Digital innovation will fuel the next wave of breakthroughs in healthcare and accelerate the broader shift toward data-driven care for health organizations,” said SAP Health Global President Thomas Laur, in a release. “Unlocking actionable data insights in real time is critical for the future success for value-based care.”
Just two percent of participants said they have fully completed their digital transformation, while 32 percent have completed at least some of their mission-critical tasks. The majority (54 percent) are still piloting innovative technologies, and the remaining 23 percent remain in the planning phase.
Forty-eight percent of organizations said that immature technologies are holding them back from achieving their goals, which are largely centered on increasing consumer engagement and the value of their services. While lacking substantial impact from digitalization efforts so far, respondents expect significant impact over the next two years in the areas of customer satisfaction (61 percent) and innovation (59 percent).
More than half cited a lack of an experienced workforce as a main concern, a state of affairs which has been plaguing the industry for years.