Koninklijke Philips N.V – Digital Transformation Strategies
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Koninklijke Philips N V Digital Transformation Strategies Report Overview
The annual ICT spending of Philips is estimated at $693 million for 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Koninklijke Philips N.V. (Philips) has been focusing on using artificial intelligence, cloud, and robotics to digitally transform its operations.
Philips is a diversified technology company that develops and manufactures medical systems and consumer electronics products. The company offers products and solutions in the areas of diagnostic imaging, image-guided therapy, enterprise diagnostic informatics, monitoring and analytics, ultrasound, sleep and respiratory care, population health management, connected care informatics, and therapeutic care. In addition, the company offers mother and child care, personal care, and oral healthcare products, including power toothbrushes, hair creams, and hair removal products. It also provides kitchen and home appliances, such as juicers, blenders, Airfryer, food processors, vacuum cleaners, air purifiers, irons, steam generators, and coffee appliances and accessories.
The Koninklijke Philips N V 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. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, accelerators, incubators, & other innovation programs, technology partnerships, technology introductions, venture arms, investments, acquisitions, and ICT spending among others.
Total ICT Spending 2022 | $693 million |
ICT Spend by Function | Data Center, Communications, Network, Application, End-User Computing, Management, and Service Desk |
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 | Software (including cloud SaaS), Hardware (including cloud Iaas), ICT Services, Consulting, Network and Communications, and Others |
Technology Theme Focus | Artificial Intelligence, Cloud, and Robotics |
Koninklijke Philips N V Digital Transformation Strategies
Philips uses deep clinical and consumer insights and emerging technologies to deliver integrated solutions that connect people, data, and technology seamlessly. It also uses technology to help improve patient and staff experience. These integrated solutions include a scalable, and interoperable health information management portfolio featuring AI-enabled smart enterprise systems, devices, software, and services, which help in collecting and analyzing patient data and extract key insights to drive a proactive approach to care.
In addition, Philips is also leveraging IoT, big data, and predictive analytics to enable remote upgrade and predictive maintenance and remotely manage its installed devices. Additionally, for upgrading diagnostic machines remotely, the company’s product team schedules and pushes updates automatically.
To gain more insights on the digital transformation strategies and initiatives of Philips, download a free report sample
Philips Technology Theme Focus
Philips is utilizing several emerging technologies including artificial intelligence, cloud, and robotics among others to enhance its operational and service capabilities.
Philips Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Philips Technology Initiatives
Philips has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology investments and acquisitions over the last few years. For instance, in 2019, the company introduced the SmartSleep suite of solutions for the US market to address inadequate sleep issues. The solution includes the SmartSleep Deep Sleep Headband 2 to help consumers in improving sleep patterns. The Headband has been designed leveraging customer sleep data, research, and feedback from early adopters.
For more insights on other technology initiatives of Philips, download a free report sample
Philips ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- Service desk
Total ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Philips ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Total ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Philips External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Scope
This report provides:
- Insight into Philips’ technology activities.
- Insights of its accelerators, incubators & other innovation programs.
- Overview of technology initiatives covering partnerships, technology introductions, acquisitions, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Philips’ technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Philips in 2022?
The annual ICT spending of Philips is estimated at $693 million in 2022.
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What are the key ICT spending categories by function for Philips?
The key ICT spending categories by function for Philips are communications, data center, network, applications, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for Philips?
The key ICT spending categories by channel for Philips are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Philips?
The key external ICT spending categories by segment for Philips are software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
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What are the key technology themes in focus for Philips?
The key technological theme in focus for Philips are artificial intelligence, cloud, and robotics.
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