Digital and healthcare
Digitalization is also a key trend in healthcare, touching almost every facet and opening up new opportunities for the delivery of care. We have already seen a huge step-up in adoption of digital technology, especially post-COVID, as health-conscious consumers and capacity-stressed health systems turn to technology to help them address their challenges.
Also for those 3.5 billon people around the world who do not have access to healthcare today, digitalization holds the key to radical improvement in their lifetime, as digital solutions are intrinsically much more scalable, and thus support wider prevention, better triage, and lower cost per treatment.
Today, Philips is already very much a digital company, with 1 in 2 of our R&D employees working in software development and data science. By integrating data, we are able to create smarter, connected health solutions. Applying clinical decision algorithms and predictive analytics, for example, we can use data to deliver personalized, actionable insights. For instance, to motivate healthy behavior through digital coaching, or to alert medical teams to potential problems.
We believe that digitalization can accelerate the adoption of much-needed sustainable models of healthcare, including wider access to care, e.g. by enabling underserved communities to 'leapfrog' the gap in provision of primary services.