Koninklijke Philips N.V – Digital Transformation Strategies

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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

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

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

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

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.

illumina
prisma health
samsung
microsoft
medchat
cardiologs

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerators, Other Innovation Programs

Technology Focus

Technology Initiatives

Venture Arm

Investments

Acquisitions

Investment, Acquisition Network Map

ICT Budgets Contracts

Key Executives

About GlobalData

Frequently asked questions

Koninklijke Philips N.V – Digital Transformation Strategies thematic reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Koninklijke Philips N.V – Digital Transformation Strategies was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Koninklijke Philips N.V – Digital Transformation Strategies in real time.

  • Access a live Koninklijke Philips N.V – Digital Transformation Strategies dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.