Blockchains are a highly reliable, secure mechanism for storing and synchronizing digital records, replacing single points of failure with a secure network of validated transactions.
The following differentiates blockchains from traditional databases:
Two main areas where blockchain technology can accelerate the digital transformation in your organization is where you have lack of transparency requiring reconciliation of business transactions and the other when you need to track assets and inventory across your value chain extended from your suppliers to your customers.
We recommend the below specific pre-requisites when to consider blockchain as part of your digital transformation journey -
As your start with your blockchain journey in your organization below are some key areas to consider:
Even though blockchain offers tremendous savings, but initial high capital cost to purchase hardware and integration with existing may deter rapid adoption. Most organizations are currently focused on Proof of Concepts and Pilots. As the technology rapidly matures focus on production systems will rapidly take the center stage.
Please contact us to discuss specific potential Use cases for the Pharmaceutical and Healthcare Industry segment especially for Patient Recruitment and Clinical Trials.
Artificial Intelligence, Machine Learning and Robotic Process Automation has the potential to transform healthcare organizations, leading to tremendous cost savings and enhanced efficiency for better patient outcomes. Saviance has identified several use case applications for its clients in the areas of workflow automation and Clinical Trials Patient recruitment. End to end services include Solution Architecture and Design, Development, Testing, Implementation and Support.
AI applications may potentially create $150 billion in annual savings for the US healthcare economy by 2026. Growth in the AI health market is expected to reach $6.6 billion by 2021—that’s a compound annual growth rate of 40 percent. In just the next five years, the Health AI market will grow more than 10x.
The global mHealth market size is expected to reach $49.12 billion by 2020, growing at a CAGR of more than 35% over the next three years. Over 325,000 Healthcare Mobile Apps are now available in Apple iTunes and Google Play stores. Growing aging population along with rising incidences of chronic diseases such as cancer, heart ailments, and diabetes is anticipated to drive market demand. While the use of mHealth devices and apps is already widespread in clinical trials, pharmaceutical giants are now setting their sights on connected drug delivery platforms that will automatically detect and log patients’ medication use to improve adherence.
In addition, mHealth offers a multitude to opportunities to the pharmaceutical industry ranging from enhanced R&D activities and medication adherence to securing the supply chain and combating counterfeit drugs. mHealth has the potential to dramatically reduce the costs of healthcare operations, while improving the quality of healthcare. Research estimates that by the end of 2017, mHealth could represent up to $370 Billion in annual healthcare cost savings worldwide.
Saviance is the leader in providing expert level consulting talent across categories to its Big Pharma clients. Some of the verticals are Healthcare IT, Clinical Trials and Biostatistics. Over the next five years, industry revenue is expected to continue on its upward trajectory while Technology is transforming the workplace. The new world is augmented, and rules have changed. The future of work will be more networked, devolved, mobile, collaborative, team-based, project-based, and fluid. Organizations will need to adapt to emerging trends.
Old Rules: Full-time employees are the main source of talent.
New Rules: A continuum of talent is available, including contractors, gig employees, crowds, and competitions.