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Inflation and rising costs to slow down DX

58% of healthcare industry professionals globally believe that digital transformation initiatives – involving the implementation of emerging technologies such as artificial intelligence, big data, cloud computing, application programming interfaces (API) and others – would be slowed down due to inflation and rising costs, according to a survey by GlobalData, a leading data and analytics company.

The survey, which was published in GlobalData’s latest report, ‘Digital Transformation and Emerging Technology in the Healthcare Industry – 2022 Edition’, reveals that 63% of healthcare and pharmaceutical industry professionals in North America expected a disruption to digitalisation initiatives in their business units due to inflation. The same opinion was expressed by 55% of industry professionals in Europe and 47% in the Asia-Pacific region.

However, more than 20% of respondents believed that inflation may actually serve as a catalyst for digital transformation efforts, most likely due to technologies’ ability to drive cost reduction.