Here are four additional takeaways from IMS‘ New Strategic Information and Technology Roles in Life Sciences Companies report:
- More than 80 percent of companies have established new digital innovation and data positions that challenge the traditional role of the CIO. New in-demand digital competencies include strengths in data orientation, digital fluency, consumer centricity and adaptability and change leadership.
- In small companies, more than 40 percent of CIOs have been in place for less than a year. Nearly half of all life sciences companies have had CIOs for under three years.
- Despite the importance of the CIO in business transformation, fewer than 25 percent of CIOs are part of organizations‘ executive teams.
- Advanced IT predictive capabilities remain underused, with less than 10 percent of life sciences companies using such capabilities to guide decision-making.
More articles on health IT:
4 big IT selection process frustrations
Health IT in 2015: 10 CIOs on the highs and lows
Accenture report: Investment in ‘Ubers of healthcare’ to hit $1B by year’s end
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
