Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare

Rees, Daniel; Thomas, Roderick; Bates, Victoria; Davies, Gareth

doi:https://doi.org/

Journal article 66 views

Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare

Daniel Rees

, Roderick Thomas

, Victoria Bates, Gareth Davies

Technology | Amplify, Volume: 37, Issue: 6, Pages: 37 - 43

Swansea University Authors: Daniel Rees , Roderick Thomas , Victoria Bates, Gareth Davies

Abstract

Daniel J. Rees, Roderick A. Thomas, Victoria Bates, and Gareth Davies examine the transformational impact that healthcare-related technologies (e.g., AI, wearable sensors, clinical and genetic data) have on the healthcare and pharmaceutical industries. These technologies can potentially transform he...

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Published in:	Technology \| Amplify
Published:	CUTTER 2024
URI:	https://cronfa.swan.ac.uk/Record/cronfa67865
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first_indexed	2024-10-01T10:25:36Z
last_indexed	2024-10-01T10:25:36Z
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spelling	v2 67865 2024-10-01 Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare daa6762111f9ebf62b9c2ec655512783 0000-0003-0372-6096 Daniel Rees Daniel Rees true false 891091891b6eee412668ae216f713312 0000-0002-2792-1251 Roderick Thomas Roderick Thomas true false ec4147fc1ab793c8ef01a04d6b986b2b Victoria Bates Victoria Bates true false 0fa6da2da22b7dce598291b581746188 0000-0001-7872-7574 Gareth Davies Gareth Davies true false 2024-10-01 CBAE Daniel J. Rees, Roderick A. Thomas, Victoria Bates, and Gareth Davies examine the transformational impact that healthcare-related technologies (e.g., AI, wearable sensors, clinical and genetic data) have on the healthcare and pharmaceutical industries. These technologies can potentially transform healthcare business processes, resulting in faster, more efficient decision-making, human-error reduction, and accelerated product development cycles that can lead to faster product launches. The authors gained insights from 48 senior managers in healthcare and pharmaceutical organizations to both identify best practices and understand the challenges related to using healthcare-related technologies and data-centric decision-making to deliver value to stakeholders. Best practices, such as governance (memorandum of understanding), incentives (monetary and nonmonetary), scalability, and collaboration between pharmaceutical makers and technology companies, are identified as key enablers. Such practices enable stakeholders to mitigate challenges like culture (trust, reputation, time, risk aversion), governance (contracts), and scalability. The article concludes with recommendations to ensure the right individuals choose tools and processes that can lead to successful partnerships and transformational initiatives for the benefit of patients, society, and the wider economy. Journal Article Technology \| Amplify 37 6 37 43 CUTTER 17 7 2024 2024-07-17 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University Not Required 2024-10-01T11:25:37.7818064 2024-10-01T11:16:35.3388612 Faculty of Humanities and Social Sciences School of Management - Business Management Daniel Rees 0000-0003-0372-6096 1 Roderick Thomas 0000-0002-2792-1251 2 Victoria Bates 3 Gareth Davies 0000-0001-7872-7574 4
title	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
spellingShingle	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare Daniel Rees Roderick Thomas Victoria Bates Gareth Davies
title_short	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
title_full	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
title_fullStr	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
title_full_unstemmed	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
title_sort	Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare
author_id_str_mv	daa6762111f9ebf62b9c2ec655512783 891091891b6eee412668ae216f713312 ec4147fc1ab793c8ef01a04d6b986b2b 0fa6da2da22b7dce598291b581746188
author_id_fullname_str_mv	daa6762111f9ebf62b9c2ec655512783_*_Daniel Rees 891091891b6eee412668ae216f713312__Roderick Thomas ec4147fc1ab793c8ef01a04d6b986b2b__Victoria Bates 0fa6da2da22b7dce598291b581746188_*_Gareth Davies
author	Daniel Rees Roderick Thomas Victoria Bates Gareth Davies
author2	Daniel Rees Roderick Thomas Victoria Bates Gareth Davies
format	Journal article
container_title	Technology \| Amplify
container_volume	37
container_issue	6
container_start_page	37
publishDate	2024
institution	Swansea University
publisher	CUTTER
college_str	Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id	facultyofhumanitiesandsocialsciences
hierarchy_top_title	Faculty of Humanities and Social Sciences
hierarchy_parent_id	facultyofhumanitiesandsocialsciences
hierarchy_parent_title	Faculty of Humanities and Social Sciences
department_str	School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
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description	Daniel J. Rees, Roderick A. Thomas, Victoria Bates, and Gareth Davies examine the transformational impact that healthcare-related technologies (e.g., AI, wearable sensors, clinical and genetic data) have on the healthcare and pharmaceutical industries. These technologies can potentially transform healthcare business processes, resulting in faster, more efficient decision-making, human-error reduction, and accelerated product development cycles that can lead to faster product launches. The authors gained insights from 48 senior managers in healthcare and pharmaceutical organizations to both identify best practices and understand the challenges related to using healthcare-related technologies and data-centric decision-making to deliver value to stakeholders. Best practices, such as governance (memorandum of understanding), incentives (monetary and nonmonetary), scalability, and collaboration between pharmaceutical makers and technology companies, are identified as key enablers. Such practices enable stakeholders to mitigate challenges like culture (trust, reputation, time, risk aversion), governance (contracts), and scalability. The article concludes with recommendations to ensure the right individuals choose tools and processes that can lead to successful partnerships and transformational initiatives for the benefit of patients, society, and the wider economy.
published_date	2024-07-17T11:25:36Z
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score	11.037603

Using Data Technology Platforms to Deliver Stakeholder Value in Healthcare

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