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October 07, 2015
Staying ahead of the shift to value in life sciences
By: Brags Srinivasan

Highlights from the 2015 SAP Digital Life Sciences Enterprise event to provide new innovative, digital solutions in healthcare.

Recently, I had the pleasure of attending a SAP Digital Life Sciences Enterprise one-day event in Princeton, NJ. Focused on Health Technology Innovators and hosted by Joe Miles, Global Vice President Life Sciences at SAP, the event included a number of prominent leaders in the industry—Jason Bellet (Co-founder and COO, Eko Devices), Aditya Kudumala (Business and Technology Advisor, Deloitte), John Murray (Senior VP Product Management, Telcare) and Josh Stein (CEO and Co-founder, Adhere Tech).

The event brought together payers, providers and life sciences manufacturers to discuss innovative new solutions in healthcare. Highlights for me were learning about the use of cellular technology to improve patient care and the showcasing of new products including:

  • An electronic stethoscope attachment that lets you see, record and share heart sounds.

  • Smart wireless pill bottles.

  • An FDA-cleared meter that tracks your glucose readings and connects to your care team.

The day included insightful sessions on thought leadership topics including:

  • Predictive profit and loss, SAP HANA and real time analytics.

  • Using SAP to increase automation.

  • Building a foundation for the Internet of Things in life sciences.

  • Cyber security protection in life sciences.

  • Regulation management.

Representatives from Accenture Life Sciences also presented at the event, with participants from BMS, Novartis, Johnson & Johnson, Mitsubishi, Pfizer, Shire, Back Office Associates and SAP.

Tom Schwenger, Accenture’s NA Life Sciences Lead, presented on “Staying Ahead of the Shift to Value in Life Sciences.” He discussed why the shift to value is so critical for patient engagement, the supply chain, research and development, and mergers, acquisitions and divestitures. He also shared what the emerging landscape will look like, and how new technologies such as SAP’s S4/HANA will be key to establishing new capabilities and keeping ahead of the accelerating rate of change across the industry.

I provided an overview of Accenture Life Science’s 2015 Technology Vision, including how companies can succeed in the “We Economy” and five trends—The Internet of Me, Outcome Economy, Platform (R)evolution, Intelligent Enterprise, Workforce Reimagined—that prove digital is dramatically influencing the industry today and into the future.

Thanks to the team at SAP for hosting a wonderful event and providing us an invaluable opportunity to network with our industry colleagues and learn about the latest innovations in health technology.

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