Medtronic Plc – Digital Transformation Strategies
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Medtronic Digital Transformation Strategies Report Overview
Medtronic has been focusing on using artificial intelligence, Internet of Things (IoT), and data analytics to digitally transform its operations. The annual ICT spending of Medtronic was estimated at $666 million for 2022. A major share of this spending is earmarked for acquiring consulting, ICT services and hardware from vendors. Medtronic is a medical technology, solutions, and services company which designs, develops, manufactures, and markets a wide range of medical devices and solutions for the treatment of heart failure; heart valve disorders; diseases of the coronary artery; aortic; peripheral vascular; venous, renal, and neurological diseases; spine and musculoskeletal disorders; and diseases of the ear, nose, and throat. It also provides biologic solutions for the orthopedic and dental markets.
Total ICT Spending 2022 | $666 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, IoT, and cloud |
The Medtronic 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, innovation hubs and accelerators programs, technology partnerships, technology introductions, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
Medtronic is tapping the power of data & analytics to understand and analyze huge volumes of patient data and derive insights that can help healthcare providers deliver data-driven healthcare.
To gain more insights on digital transformation strategies and initiatives of Medtronic, download a free report sample.
Medtronic Technology Theme Focus
Medtronic is utilizing a number of emerging technologies including artificial intelligence, IoT, and cloud among others to achieve operational efficiencies, expand its payment solutions, and minimize security risks.
Medtronic Technology Theme Focus
To know about other technology themes under focus for the company, download a free report sample
Medtronic Technology Initiatives
Medtronic has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, technology investments and acquisitions over the last few years. For instance, in 2019, the company entered into a strategic partnership with IBM’s Watson Health unit to introduce an AI feature, Iqcast, on its Sugar.IQ personal diabetes app to predict whether a diabetic person will have a low glucose level.
For more insights on other technology initiatives of Medtronic, download a free report sample
Medtronic ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Medtronic ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Medtronic ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Medtronic ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Medtronic External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Medtronic 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 Medtronic’s technology activities.
- Insights of its accelerators, and innovation hubs.
- Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Medtronic’s 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 Medtronic in 2022?
The annual ICT spending of Medtronic was estimated at $666 million in 2022.
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Which was the key ICT spending category by function for Medtronic?
Data center was the key ICT spending category by function for Medtronic in 2022.
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Which was the key ICT spending category by channel for Medtronic?
Internal development and maintenance was the key ICT spending category by channel for Medtronic in 2022.
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Which was the key ICT spending category by segment for Medtronic?
Software (including cloud SaaS) was the key ICT spending category by segment for Medtronic in 2022.
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What are the key technology themes in focus for Medtronic?
The key technological theme in focus for Medtronic are artificial intelligence, IoT, data analytics and cloud.
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