Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > CLOUD – THE CORNERSTONE OF DIGITAL TRANSFORMATION IN HEALTHCARE
    Technology

    CLOUD – THE CORNERSTONE OF DIGITAL TRANSFORMATION IN HEALTHCARE

    CLOUD – THE CORNERSTONE OF DIGITAL TRANSFORMATION IN HEALTHCARE

    Published by Gbaf News

    Posted on February 27, 2018

    Featured image for article about Technology

    by Roberto Mircoli,EMEA Sales Enablement and Development, Virtustream

    Today every part of the business is subject to new expectations, competitors, channels, threats and opportunities. Every business has the potential to be a digital business. As the numbers of smart, connected devices from phones to cars to wearables are growing, companies that quickly deliver digital solutions or services, and use insights to rapidly optimise their value chain are gaining competitive advantage.Businesses that digitally transform will be able to connect more closely with customers, speed up the pace of innovation and, as a result, claim a greater share of profit in their sectors. In fact, according to a report earlier last year from IDC, the global economic impact of digital transformation to date already exceeds £14 trillion, a staggering 20% of global GDP.

    Put simply digital transformation is the trend of enterprises shifting away from traditional systems in favour of digital options to enable major improvements in productivity and unlock new lines of business value creation. In recent years digital transformation has been driven by the explosion of cloud computing, Big Data, and mobile technologies.

    While Big Data and mobile have driven digital transformation, the cornerstone of it all is cloud.

    Flexible, cost efficient and accessible from anywhere, the cloud has already been a transformative technology for many industries. However, while migrating to the cloud is a top priority for virtually all organisations embracing digital transformation projects, the path to get there involves navigating a great many obstacles, especially for those operating in highly-regulated industries. Healthcare, in particular, is at the top of the list.

    Over the past few years, cloud adoption has been on the rise in the healthcare industry. To date, organisations have primarily been testing the waters by focusing on modernising the back-end of their systems, moving financial, operational and HR applications into the cloud. Now there is increasing demand for transforming core healthcare systems and applications in order to improve the quality of patient care with new digital services that empower patients to take control of their own health and reduce costs of operations as well as modernise infrastructure and create a more efficient environment in order to again take costs out. In fact according to a recent study by Accenture, the healthcare industry stands to save over £44 billion in the long-term by making the right strategic technology investments today.

    However, as anyone managing IT for a hospital or clinic can tell you, moving to the cloud is not as simple as signing up for a public cloud service. For IT leaders in the healthcare industry, it involves taking into account a wide array of complex factors, including regulatory compliance, information security and organisational change. Indeed, security mandates are increasing due to the upswing in cyberattacks on health providers, you only have to look at the WannaCry ransomware attack last year and how that impacted many NHS hospitals across the UK to see how healthcare and in particular health information and systems are being targeted.   This has led many healthcare providers to closely examine enterprise cloud options for hybrid and off-premises deployment models that meet or exceed high security and compliance requirements whilst offering utility-based billing and cloud flexibility.

    The good news is that healthcare IT is now trending towards the cloud and digital transformation is well underway with hospitals, care centres and clinics all undergoing some form of digital transformation, integrating their electronic patient record (EMR) platforms and new patient engagement systems and as well as emerging precision health platforms.

    Here at Virtustream, we have our own Healthcare Cloud which is purpose-built for mission critical healthcare applications, with availability SLAs of up to 99.99%, full automation for HIPAA and HITECH compliance, and rigorous end-to-end security to protect patient information.

    With organisations continuing to migrate to the cloud, healthcare providers require a fast turnaround when getting infrastructure up and running. Cloud applications such as Virtustream’s have been successful in delivering this within just six months.  Applications that offer consumption billing means organisations are only charged based on the resources they use, allowing for major cost savings. For healthcare providers, the result is a flexible cloud infrastructure that runs as a single entity, no matter the location.

    As digital technology continues to transform the healthcare industry, the right cloud infrastructure can pave the way for providers of every kind.

    So, what should healthcare organisations look for in a cloud provider?

    • Partner with a cloud provider that guarantees the safety and security of patients’ health data with a full suite of security and compliance capabilities and delivers true ‘cloud’ benefits such as pay-as-you-go with the flexibility to scale up or down.
    • Look for a cloud provider with the cloud infrastructure and managed services needed to manage all of the categories of mission critical applications including EMRs; ERP systems; workforce management systems; precision medicine platforms; picture archive and communication systems (PACS) as well as many other health IT systems.
    • Check that your provider offers guaranteed in-region hosting, to meet country-specific data residency requirements.

    Choose to work with a cloud provider that has a solid track record and proven expertise.

    By choosing a cloud provider with superior service, governance, security and flexibility, healthcare providers can make significant improvements to their current IT infrastructure, while at the same time transforming their systems to be future-ready. Today digitally transformed companies have an edge; tomorrow, only those businesses that have digitally transformed will succeed.

    by Roberto Mircoli,EMEA Sales Enablement and Development, Virtustream

    Today every part of the business is subject to new expectations, competitors, channels, threats and opportunities. Every business has the potential to be a digital business. As the numbers of smart, connected devices from phones to cars to wearables are growing, companies that quickly deliver digital solutions or services, and use insights to rapidly optimise their value chain are gaining competitive advantage.Businesses that digitally transform will be able to connect more closely with customers, speed up the pace of innovation and, as a result, claim a greater share of profit in their sectors. In fact, according to a report earlier last year from IDC, the global economic impact of digital transformation to date already exceeds £14 trillion, a staggering 20% of global GDP.

    Put simply digital transformation is the trend of enterprises shifting away from traditional systems in favour of digital options to enable major improvements in productivity and unlock new lines of business value creation. In recent years digital transformation has been driven by the explosion of cloud computing, Big Data, and mobile technologies.

    While Big Data and mobile have driven digital transformation, the cornerstone of it all is cloud.

    Flexible, cost efficient and accessible from anywhere, the cloud has already been a transformative technology for many industries. However, while migrating to the cloud is a top priority for virtually all organisations embracing digital transformation projects, the path to get there involves navigating a great many obstacles, especially for those operating in highly-regulated industries. Healthcare, in particular, is at the top of the list.

    Over the past few years, cloud adoption has been on the rise in the healthcare industry. To date, organisations have primarily been testing the waters by focusing on modernising the back-end of their systems, moving financial, operational and HR applications into the cloud. Now there is increasing demand for transforming core healthcare systems and applications in order to improve the quality of patient care with new digital services that empower patients to take control of their own health and reduce costs of operations as well as modernise infrastructure and create a more efficient environment in order to again take costs out. In fact according to a recent study by Accenture, the healthcare industry stands to save over £44 billion in the long-term by making the right strategic technology investments today.

    However, as anyone managing IT for a hospital or clinic can tell you, moving to the cloud is not as simple as signing up for a public cloud service. For IT leaders in the healthcare industry, it involves taking into account a wide array of complex factors, including regulatory compliance, information security and organisational change. Indeed, security mandates are increasing due to the upswing in cyberattacks on health providers, you only have to look at the WannaCry ransomware attack last year and how that impacted many NHS hospitals across the UK to see how healthcare and in particular health information and systems are being targeted.   This has led many healthcare providers to closely examine enterprise cloud options for hybrid and off-premises deployment models that meet or exceed high security and compliance requirements whilst offering utility-based billing and cloud flexibility.

    The good news is that healthcare IT is now trending towards the cloud and digital transformation is well underway with hospitals, care centres and clinics all undergoing some form of digital transformation, integrating their electronic patient record (EMR) platforms and new patient engagement systems and as well as emerging precision health platforms.

    Here at Virtustream, we have our own Healthcare Cloud which is purpose-built for mission critical healthcare applications, with availability SLAs of up to 99.99%, full automation for HIPAA and HITECH compliance, and rigorous end-to-end security to protect patient information.

    With organisations continuing to migrate to the cloud, healthcare providers require a fast turnaround when getting infrastructure up and running. Cloud applications such as Virtustream’s have been successful in delivering this within just six months.  Applications that offer consumption billing means organisations are only charged based on the resources they use, allowing for major cost savings. For healthcare providers, the result is a flexible cloud infrastructure that runs as a single entity, no matter the location.

    As digital technology continues to transform the healthcare industry, the right cloud infrastructure can pave the way for providers of every kind.

    So, what should healthcare organisations look for in a cloud provider?

    • Partner with a cloud provider that guarantees the safety and security of patients’ health data with a full suite of security and compliance capabilities and delivers true ‘cloud’ benefits such as pay-as-you-go with the flexibility to scale up or down.
    • Look for a cloud provider with the cloud infrastructure and managed services needed to manage all of the categories of mission critical applications including EMRs; ERP systems; workforce management systems; precision medicine platforms; picture archive and communication systems (PACS) as well as many other health IT systems.
    • Check that your provider offers guaranteed in-region hosting, to meet country-specific data residency requirements.

    Choose to work with a cloud provider that has a solid track record and proven expertise.

    By choosing a cloud provider with superior service, governance, security and flexibility, healthcare providers can make significant improvements to their current IT infrastructure, while at the same time transforming their systems to be future-ready. Today digitally transformed companies have an edge; tomorrow, only those businesses that have digitally transformed will succeed.

    Related Posts
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.
    Why Physical Infrastructure Still Matters in a Digital Economy
    Why Physical Infrastructure Still Matters in a Digital Economy

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostNEW DRONE STANDARDS IN 2018 SET TO REVOLUTIONISE UK AND GLOBAL ECONOMIES
    Next Technology PostRAMBOLL IS TO SCALE PROJECT PORTFOLIO MANAGEMENT REPORTING WITH INSIGHT

    More from Technology

    Explore more articles in the Technology category

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    View All Technology Posts