70% of hospital executives attribute growth to keeping up with technology trends

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A majority (70 percent) of healthcare executives agree that keeping up with trending technologies not only gives them a competitive advantage, but is essential to growth and a positive customer experience, according to a SAP Center for Business Insight and Oxford Economics survey.

Researchers asked 400 healthcare C-suites from around the world how prepared they think the industry is for a digital transformation.

Here are three survey insights.

1. Over the next two years, respondents believe big data analytics (76 percent), cloud computing (65 percent), internet of things devices (46 percent) and artificial intelligence (28 percent) will be gain broader adoption in healthcare.

2. Most respondents (54 percent) say they are in the piloting stage of their digital transformation initiatives, while others (32 percent) say their initiatives are complete in some stages or are still in the planning stage (23 percent).

3. Respondents say the biggest obstacle to piloting digital transformation initiatives is a lack of mature technology (48 percent).

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