95% of healthcare CEOs are exploring better ways of using and managing big data, according to a recent PwC survey. However, only 36% have made any headway in getting to grips with big data.
Based on 81 interviews conducted with health care CEOs in 28 countries between Sept. 9, 2013 and Dec. 6, 2013, PwC’s 17th Annual Global CEO Survey finds 86% of healthcare CEOs believe technological advances will transform their businesses in the next five years.
Other key findings include:
- 89 percent of healthcare CEOs are planning to improve their ability to innovate.
- 94% plan to alter their customer growth and retention strategies, while 84% plan to alter their channels to market. Few have embarked on these changes, though, let alone completed them.
- More than four-fifths of healthcare CEOs identified technological advances such as the digital economy, social media, mobile devices and big data as key trends in healthcare transformation.
- Only 25% have already started or completed the changes they’re planning to make their companies more innovative.
- Only 33% have altered their technology investments
- Only 31% say their R&D functions are well prepared
- 41% say their IT functions are well prepared, to capitalize on the trends now reshaping the world.
- 57% of healthcare CEOs are worried about the speed at which technology is progressing
- More than half have entered into a joint venture or strategic alliance in the past 12 months (vs. one third of the total sample) and a full 69% plan to do so in the coming 12 months (versus 44% of the total sample).
- 77% of healthcare CEOs regard creating a skilled workforce as a key business goal
- 94% of healthcare CEOs recognise that they need to alter their strategies for attracting and retaining talent, 67% haven’t yet acted on their plans – possibly because they don’t think their human resource (HR) function could cope. Only a minority think HR is prepared.
For the full survey report, visit here