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Innovate or Perish

Rise of Innovation as a Service in healthcare

WHITE PAPER

Advancing

Excellence

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Real-world Applications

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Innovation As Service 

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Innovation Fuels Success

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Innovation fuels
Success

Companies that fail to innovate risk stagnation—just ask Kodak or Blockbuster. "Innovation as a Service" offers a flexible, cost-effective way to adopt emerging tech in a GenAI-driven era, making innovation scalable and essential.

From crisis to breakthrough

The COVID˛19 vaccine shattered innovation barriers, delivering a life-saving solution in under a year - a process that typically takes 10˝15 years.

mRNA Vaccines

Pioneering Breakthroughs in Personalized Medicine

AI & Data  Analytics

Accelerating Virus Tracking, Clinical Trials, and Vaccine Distribution

Global  Collaboration

Catalyzing Rapid Manufacturing and Deployment

Challenges in building an 

in-house innovation capability

Healthcare organizations often struggle to develop in-house innovation due to several key challenges:

Limited technical

Many lack expertise in AI, IoT, blockchain, and data analytics, relying on tech providers for AI diagnostics.

Infrastructure costs

Many lack expertise in AI, IoT, blockchain, and data analytics, relying on tech providers for AI diagnostics.

Workforce shortages

Over 65% of U.S. hospitals face staffing shortages, limiting innovation and straining staff globally.

Regulatory hurdles

Strict regulations like HIPAA and GDPR hinder in-house innovation.

True costs of not innovating

All sizes of businesses, big or small, need innovation. The bigger ones, the more – because they’ve more to lose. BlackBerry, once sold phones like hotcakes and held about 38% of the US market share, lost most of its market – primarily due to a lack of innovation and inability to switch to smartphones.



P˜izer’s Exubera, the ˜irst inhalable insulin, failed because its product didn’t match market needs. Despite a breakthrough concept, its bulky design, high cost, and complex usage made it impractical.
The no. of 100 innovators per Industry Sector

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Innovation
as a Service?

A cloud-based model lets companies access digital tools to boost innovation without hefty internal investments, covering areas like data analysis, AI, digital health, and regulatory compliance in healthcare and life sciences.

What is Innovation
as a Service? 

Drug Discovery & Clinical Trials

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speeding up drug development with Al tools for molecule research, simulations, trial management, and more.

Predictive Analytics in Healthcare

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Enabling early solutions for disease detection and risk assessment through Al insights.

IoT & Wearable Health Tech

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Supporting real-time health tracking via connected devices, wearables, and more.
This offering refers to a cloud-based model where companies can access a suite of digital tools, platforms, and services designed to accelerate innovation. Unlike traditional approaches, which require signficant investments in internal resources, Innovation as a Service allows organizations to outsource or subscribe to innovation.

Data Management & Interoperability

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Ensuring secure data sharing, seamless integration across systems, and more.

Remote Monitoring & Telemedicine

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Powering scalable telemedicine, remote care platforms, and more.

Personalized medicine

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Tailoring treatments by analyzing patient-speci˜ic data for optimal results.

Real-world
as Applications

 
 
 
 
 
 

Challenges
as and considerations

Data security and privacy

Protecting sensitive health data is a major concern in the healthcare sector. Innovation as a Service providers must ensure that their platforms comply with healthcare regulations, such as HIPAA in the U.S. or GDPR in the EU.
Navigating the complex regulatory landscape for digital health solutions.

Regulatory
compliance 

Innovation as a Service requires a cultural shift.Training and leadership alignment ensure success.

Change
Management 

Protecting sensitive health data is a major concern in the healthcare sector. Innovation as a Service providers must ensure that their platforms comply with healthcare regulations, such as HIPAA in the U.S. or GDPR in the EU.

Integration with
legacy systems  

Key benefits of
Innovation as a Service

Among the many advantages that Innovation as a Service o°ers, some of the most impactful include:

Accelerated product development and delivery

WFP continued to play a major role in the humanitarian response to the 2022 floods, reaching nearly 1.7 million people with emergency food and cash in 2023 and over 4 million people since the floods struck.
 

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