• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • COVID-19
  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • Artificial Intelligence
    • Blockchain
    • Mobile Health
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Accenture: 5 Tech Vision Trends Impacting The Life Sciences Industry in 2017 & Beyond

by Fred Pennic 10/06/2017 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Accenture: 5 Tech Vision Trends Impacting The Life Sciences Industry in 2017 & Beyond

This week, Accenture released the results of its 2017 Tech Vision for Life Sciences report, an annual survey of life sciences executives that examines five key major technology trends shaping the industry. Combined with extraordinary advances in science, these trends are empowering patients around the world and giving rise to new products and solutions that are more relevant and impactful than ever before.

Digital health capabilities are becoming a regular component of everyday life and, combined with science, this is raising the bar on the choices available to people across the world. As leading companies take bold steps to make this a reality, the Accenture report reveals that the life sciences industry is on the brink of radical reinvention.

Each of the five trends centers around the core concept of the changing relationship between people and technology and the resulting freedoms to live life in a different way.

Here is a look at Accenture’s 2017 tech vision trends impacting the life sciences industry:

1. AI is the new UI

Artificial intelligence (AI) is about to become a digital spokesperson for companies. To capitalize on AI’s promise to empower individuals and improve customer interactions, life sciences companies must push their capabilities and applications further.

Accenture finds that 74% of Life Sciences executives believe A.I. will result in significant change and even completely transform their industry within three years Using AI for key clinical health applications could potentially create $150 billion in annual savings for the US economy by 2026. 

2. Ecosystem Power Plays

Companies are increasingly integrating their core business functionalities with third parties and their platforms. The life sciences industry is beginning to align on codes of practice that support platform-based ecosystems, accelerating innovation and the shift to value-based models.

The survey finds:

– 90% of life sciences executives believe adopting a platform-based business model is critical to the success of their business

– 30% of life sciences executives indicate that their org is taking steps to engage in digital ecosystems

3. Workforce Marketplace

New flexible workforce solutions – such as on-demand labor platforms – will be key to unlocking innovation and organizational changes. 73% of life sciences executives agree that their organizations are under extreme pressure to extend innovation into their workforce and corporate structure, while 50% of biomedical researchers are millennials. 

4. Design for Humans

Life sciences companies must bring patients into the heart of design and delivery in order to achieve business and health outcomes. 78% of life sciences executives believe that understanding CX and creating capabilities that align to human behavior are key business differentiators. 

5. The Uncharted

Life sciences companies and regulators will need to collaborate more closely to ensure new innovations are not held back by a trailing regulatory environment. 74% of life sciences executive agree that their org is entering digital industries that have yet to be defined.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Accenture, Accenture Health

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Knowledge Hub

10 Critical KPIs Every Successful Healthcare Organization is Implementing10 Critical KPIs Every Successful Healthcare Organization is Implementing

How to Build Hybrid Care Models Around Remote Patient Monitoring

How to Build Hybrid Care Models Around Remote Patient Monitoring

Trending

Why The Evolution of Tech Will be Based on APIs

Why The Evolution of Tech Will be Based on APIs

Podimetrics CMO Talks Supporting Patients Living with SDoH Challenges

Podimetrics Director Talks Supporting Patients Living with SDoH Challenges

: Does Alzheimer’s Cure Matter if We Don't Fix the Economic Infrastructure of the Disease?

Does Alzheimer’s Cure Matter if We Don’t Fix the Economic Infrastructure of the Disease?

Recent Digital Health Partnerships

Roundups: 15 Recent Digital Health Strategic Partnerships

Recent Digital Health Executive Hires & Board Appointments

Digital Health Executive Hires: Practice Better Appoints CEO, HHAeXchange, Intelerad, Tegria, Others

M&A: Florence Acquires Virtual Care Solution Zipnosis

M&A: Florence Acquires Virtual Care Solution Zipnosis

Adopting Value-Based Care Models for Autism Care Is Imperative

Why Adopting Value-Based Care Models for Autism Care Is Imperative

UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

Vanderbilt University Medical Center Taps Philips Reduce Carbon Footprint

Vanderbilt University Medical Center Taps Philips to Reduce Carbon Footprint

Denials Management Named Most Time-Consuming Task in RCM

Denials Management Named Most Time-Consuming Task in RCM

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • 2023 Editorial Calendar
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2023. HIT Consultant Media. All Rights Reserved. Privacy Policy |