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Healthcare IT Spending Priorities Include Big Data Analytics, AI

January 22, 2019 / Fred Donovan

Top IT spending priorities for healthcare executives are accelerating digital transformation, investing in big data analytics and artificial intelligence, and modernizing IT infrastructure, according to the third annual Healthcare IT Demand Survey report by Damo Consulting. At the same time, spending on EHR systems will dominate technology spending budget this year, the report found. Damo Consulting surveyed 64 healthcare executives, many of whom said they are struggling to make sense of the changing healthcare IT landscape. Healthcare IT budgets are expected to grow by 20 percent or more, with healthcare executives more positive about growth in IT spending than vendors. The report suggests that technology vendors will continue to struggle with long sales cycles as they aggressively market digital and AI. In addition, vendors face challenges with product/service differentiation and brand visibility.