Cloud Adoption Is Helping Healthcare Providers Drive Higher Levels of Patient Care and a Connected Healthcare Environment: Wipro Report

Rhea-AI Summary

Wipro Limited has launched a report titled The Prescription for Healthcare Provider Cloud Success, highlighting the benefits of cloud adoption in the healthcare sector. Since the pandemic, advanced adopters have experienced a 6.6% revenue increase and an impressive annualized ROI of 54%. The report reveals that over 30% of leading healthcare providers utilize cloud-based data centers, with 91% expecting to centralize their capabilities within two years. The findings underscore the importance of technology-led innovation to enhance patient engagement and tackle healthcare challenges.

Positive

• Advanced cloud adopters in healthcare reported a 6.6% average revenue increase.
• Annualized ROI from cloud investments is 54%.
• Over 30% of cloud leaders use cloud-based data centers, exceeding the industry average.
• 91% of cloud leaders anticipate centralized capabilities within two years.
• 64% of cloud leaders achieved cost savings in cybersecurity after cloud migration.

Negative

• None.

Healthcare providers who are advanced adopters of cloud drive an annualized ROI of 54 percent from cloud investments

NEW YORK & BANGALORE, India--(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced the launch of The Prescription for Healthcare Provider Cloud Success, a report published by Wipro FullStride Cloud Services. The report indicates that since the start of the pandemic, healthcare providers have been leveraging the cloud to improve IT systems, clinical documentation, patient engagement and clinical decision support, driving faster growth and better efficiencies.

This accelerated pace of cloud adoption has helped the industry’s cloud leaders (mature adopters) realize an average revenue gain of 6.6% from their cloud investments and an annualized return on investment (ROI) of 54%.

What Healthcare Cloud Leaders Get Right

• More than a third of healthcare providers that are leading in cloud adoption have adopted cloud-based data centers, far exceeding the industry average of 10%.
• More than seven out of ten cloud leaders are pairing their cloud platforms with advanced technologies like Internet of Things (IoT) and AI.
• Leaders that have transitioned to hybrid cloud environments are leading the way by developing cloud-native applications, as well as modernizing and migrating core processes to cloud.
• 91% of cloud leaders expect their cloud capabilities to be largely centralized within the next 2 years.
• 64% of cloud leaders have realized cybersecurity cost savings by migrating to cloud

The report builds out six tactics that offer a roadmap for healthcare providers to emulate, as a means of improving their own cloud practices.

“Technology-led innovation, powered by a specialized full-stack of cloud infrastructure, is helping tackle some of the most significant challenges within healthcare,” observes Mohd Haque, Senior Vice President and Sector Head, Healthcare and Medical Devices, Wipro Limited. “Cloud innovation spans the entire healthcare value chain and builds new ways of patient engagement. It unleashes technologies such as AI that aid health experts as they improve patient outcomes. It augments physician insights, embeds intelligence into devices, addresses healthcare disparities and connects patients, payers and providers.”

Methodology

The Prescription for Healthcare Provider Cloud Success, report published by Wipro FullStride Cloud Services is based on a survey of 1,400 global C-level executives conducted between June and September 2021. It incorporates data from 110 healthcare providers located in Australia, France, Germany, Switzerland, the U.K. and the U.S., with revenues ranging from $5 billion to $20 billion.

To understand how your firm stacks up against its competition in cloud adoption, Wipro FullStride Cloud Services has created a Cloud Leadership Benchmarking Tool designed to help companies prioritize cloud investments and excel where it matters.

For a complimentary copy of the report and more details, please click here.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.

Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005365/en/

Media Contact:

Nisha Chandrasekaran

Wipro Limited

nisha.chandrasekaran@wipro.com

Source: Wipro Limited

FAQ

What is the significance of Wipro Limited's report on cloud in healthcare?

The report outlines how advanced cloud adoption in healthcare leads to a 6.6% revenue increase and a 54% annualized ROI.

How many healthcare providers were surveyed in Wipro's report?

Wipro's report is based on a survey of 1,400 global C-level executives, including 110 healthcare providers.

What is the expected trend for cloud adoption in healthcare according to Wipro's report?

91% of cloud leaders expect their cloud capabilities to be largely centralized within the next two years.

What are the benefits of cloud adoption highlighted in the report by Wipro Limited?

Benefits include improved patient engagement, enhanced IT systems, and increased cybersecurity cost savings.

What technologies are cloud leaders in healthcare integrating according to Wipro's findings?

Over 70% of cloud leaders are integrating advanced technologies like IoT and AI.