Digital does monetize. That is an absolute certainty. The 2017 Forbes 400 list of wealthiest individuals includes four “digital” billionaires in the top 10. The founders of Amazon, Facebook and Google had a combined net worth exceeding $240 billion when the Forbes article was published on October 17th, 2017. Twenty years ago the combined net worth of the top 20 individuals on the 1997 Forbes 400 list was only $188 billion. Bezos, Zuckerberg, Page, and Brin were not on the 1997 list since their companies were either very new (Amazon was founded in 1994) or not even founded (Google was founded in 1998 and Facebook in 2004).
Gartner’s recently published research explores the topic of digital monetization in life science. Our analyst team predicts five provocative events; acquisition of a life science company, revenue-driving life science digital products and services, relinquishment of life science mobile apps, blockchain projects and real-world data solutions. Life science CIOs can use these strategic planning assumptions to guide priorities, investments and leadership actions.
Summary: Life science CIOs are often asked by functional leaders how new digital solutions can deliver quantitative results for the company. These CIOs can drive transformational change by delivering digital products and services with a potential for monetization.
Contact Gartner to discuss these predictions with one of our life science analysts.
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