JOHANNES THOMS; BARRY ROSENBERG; STEPHEN WADDEL; TORBEN DANGER; KARALEE CLOSE; BASIR MUSTAGHNI
July, 2022
This is an excerpt of the report “What the Data Tells Us About Digital Transformation, by Industry” with the title above.
The key findings for medtech companies
- About 30% of medtech companies have been successful with digital transformations, slightly below the cross-industry average
- Companies score well on leadership commitment but fall short on agile governance and deploying high-caliber talent.
- Going forward, medtech’s priorities are shifting to digital products and services innovation — in particular, digitizing the supply chain, support functions, and next-generation sales.
- Priority initiatives include understanding customer needs and preferences, improving demand forecasting to increase supply chain agility, digitizing finance activities, prioritizing digital customer demand, and creating a digitally enabled salesforce.
- Top priorities have been geared mostly toward digital reengineering of the value chain, led by digitizing support functions.
- Social priorities top the ESG agenda, including improving employee health and safety and creating personalized training programs.
Infographic (selected images)
Originally published at https://www.bcg.com
