Elevance Health – Enterprise Tech Ecosystem Series
Elevance Health Digital Transformation Strategies Report Overview
Elevance Health has been focusing on AI, analytics, and cloud technologies as a part of its digital transformation strategies. The annual ICT spending of Elevance Health was estimated at $6.2 billion in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Elevance Health (formerly Anthem) is a health benefits company. The company offers managed healthcare-related products and administrative services. The company provides various specialty and insurance products and services including life, vision, dental, disability insurance benefits, and supplemental health insurance.
The Elevance Health Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, acquisitions, ICT spending among others.
Digital Transformation Strategies
In line with its digital strategy, Elevance Health has been focusing on migrating from legacy systems to cloud computing to manage data on a cloud infrastructure. Elevance Health is adopting a cloud strategy to leverage innovative technologies such as artificial intelligence (AI), predictive analytics, and chatbots. It also aims to improve collaboration, increase its speed of innovation, achieve business agility, and run omnichannel services.
To gain more insights on digital transformation strategies and initiatives of Elevance Health, download a free report sample
Elevance Health Technology Theme Focus
Elevance Health is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, among others to enhance operational efficiency and product offerings.
Elevance Health Technology Focus
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Elevance Health Technology Initiatives
Elevance Health has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, Elevance Health incorporated K Health’s technology to develop CareSpree, which aims to reduce the cost of basic healthcare and improve healthcare services. CareSpree leverages AI and natural language processing technologies and algorithms to calculate health data and provide diagnosis reports. The app enables Elevance Health members and customers to connect with doctors via text and acquire follow-up advice and other diagnosis-related information.
For more insights on other technology initiatives of Elevance Health, download a free report sample
Elevance Health ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
Elevance Health ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Elevance Health ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Elevance Health ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Elevance Health External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud IaaS)
- Network and communications
- Consulting
- Others
Elevance Health External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Elevance Health Digital Transformation Strategies Overview
| Total ICT Spending 2022 | $6.2 billion |
| ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
| ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
| External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud IaaS), Network and communications, Consulting, and Others |
| Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain |
This report provides:
- Insight into Elevance Health’ technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Elevance Health’ technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
Key Players
Table of Contents
Frequently Asked Questions
The annual ICT spending of Elevance Health was estimated at $6.2 billion in 2022.
The key ICT spending categories by function for Elevance Health are communications, data center, network, application, end-user computing, service desk, and management.
The key ICT spending categories by channel for Elevance Health are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for Elevance Health are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
The key technological theme in focus for Elevance Health are artificial intelligence, big data, blockchain among others.
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