Weekly Business Insights 01/09/2024
Digital Transformation in Healthcare Procurement. Adopting AI Responsibly: Guidelines for Procurement of AI Solutions by the Private Sector. Managing healthcare supply chain through artificial intelligence (AI): A study of critical success factors
Digital Transformation in Healthcare Procurement
The article explores the potential of AI coupled with digital innovation as it pertains to future healthcare procurement. The importance of interoperability and qualification for the Virtual Company Dossier, and the potential benefits of cross-border procurement and digital platforms are discussed in detail. The article also highlights the need for greater involvement of academia in this and better collaboration between the public and private sectors to achieve innovation, efficiency and safety in healthcare procurement.
The impact of digitalization and AI on health procurement should lead to a different process from other procurement sectors and be based on digital and interoperable platforms available to contracting entities and suppliers. Digital transformation might provide greater control of purchasing processes and its related data. Industry, suppliers and public buyers should work together to develop healthcare purchasing strategies. Academic institutions and SME contributions should play a crucial role in the collaboration among the procurement community and stakeholders.
Adopting AI Responsibly: Guidelines for Procurement of AI Solutions by the Private Sector
The demand for artificial intelligence (AI) solutions in enterprises has grown by leaps and bounds in the past few years, driven by improved data availability, advanced algorithms and increased processing power. While the use of AI tools delivers significant value, it is necessary to approach it carefully and avoid its potentially negative, and even dangerous, consequences. The World Economic Forum, in partnership with GEP, has released this comprehensive guide for commercial organizations – across industries – to facilitate the process of identifying, selecting and implementing AI solutions responsibly and ethically.
From automating repetitive tasks, reducing errors or risks and optimizing pricing to identifying new opportunities, making accurate forecasts and enabling investment decisions, AI solutions can help enterprises perform a wide range of tactical and strategic activities to improve efficiency and support growth. With careful and responsible procurement, organizations can harness the power of AI to improve their productivity and gain a competitive edge.
Managing healthcare supply chain through artificial intelligence (AI): A study of critical success factors
Healthcare is one of the most critical sectors due to its importance in handling public health. With the outbreak of various diseases, more recently during Covid-19,this sector has gained further attention. The pandemic has exposed vulnerabilities in the healthcare supply chain (HSC). Recent advancements like the adoption of various advanced technologies viz. AI and Industry 4.0 in the healthcare supply chain are turning out to be game-changers. This study focuses on identifying critical success factors (CSFs) for AI adoption in HSC in the emerging economy context.
The research findings indicate that technological feasibility, sustainable data quality, integrity, and competitive pressure are the leading sub-dimensions within the TOEH framework to facilitate AI implementation in HSC. The study can help healthcare providers, scholars, researchers, consultants, and government envision CSF for successful implementation of AI in HSC and can thus contribute towards achieving an effective HSC via improved quality, access, safety, and reduced cost.