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CREATING A NEW NORMAL

The COVID-19 pandemic has put healthcare and life sciences in the spotlight . The industry had to completely transform almost instantly , shifting patient care and business to online platforms .

The importance of building a strong healthcare infrastructure and investing in life sciences for public health was brought home to countries around the world . Today , the industry is using lessons learned from the pandemic to create a new normal that is more innovative , competitive and resilient . At the same time , healthcare and life sciences companies face market pressures of increasing costs and lower returns . In 2020 , US healthcare spending reached US $ 4.1 trillion , and the prices for medical goods and services are projected to grow by an average of 2.4 % annually by 2028 .

While nobody can predict the future of healthcare and life sciences , what ’ s certain is that healthcare providers , healthcare payers , and life sciences organisations have a unique opportunity to meet current challenges and future-proof their business . Data is a crucial tool in forging ahead .

Data can help organisations unlock insights that will help with every aspect of the industry , from making better clinical decisions to developing better treatments for patients . But to do so , organisations must be able to collect , analyse , and collaborate on data effectively and efficiently .

Healthcare and life sciences leaders are adopting the cloud to gain modern data capabilities . In doing so , they are easing barriers to collaboration , speeding innovation , and making smarter , data-driven healthcare decisions . �

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