The big technology companies across the globe have complete dominance in their respective sectors such as communication, social media, e-commerce, etc. Due to their dominance in the technology market, the big techs also influence the economy and society. These companies are shaping the way our society is progressing. The products and services offered by big techs are used by hundreds of millions all over the world.
Of late, these tech giants are leveraging their strengths in data and user-friendly platforms to create new solutions in healthcare as well. The biggest push from technology came a few weeks ago when Google announced an investment of $10 billion in India in the next five to seven years, leveraging technology and artificial intelligence (AI) for healthcare, education, and agriculture.
Digital disruption has reached the healthcare sector, and with it comes an imperative for life science companies to retool core technology to remain competitive. While there is still debate around the scale and pace of change this will bring for the life sciences industry, there is little doubt that the change is well under way.
This digital disruption has become all the more prominent due to the ongoing COVID-19 outbreak. The pressure on the healthcare sector to provide a solution for this pandemic is massive. As a result, the life sciences sector is adopting new technologies to quickly devise a way out to beat this crisis.
Many companies and academic institutions in India are moving headfirst in this direction currently with support from the technology sector both locally and globally. They are bringing advances in data, genomics, and diagnostics together, as well as new methods, technologies and therapeutics to meet the ongoing needs.
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