Merck & Co., Inc. – Digital Transformation Strategies
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Merck Digital Transformation Strategies Report Overview
Merck & Co., Inc. (Merck) has been focusing on using artificial intelligence, cloud, big data, and 3D printing to digitally transform its operations. The annual ICT spending of Merck was estimated at $3 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services, and consulting from vendors. Merck is a multinational healthcare company that is engaged in the discovery, development, manufacture, and commercialization of prescription medicines, biological therapies, vaccines, and animal health products. The company comprises two segments, namely, pharmaceutical and animal health. The pharmaceutical segment offers therapeutic and preventive agents and vaccine products, including adult, adolescent and preventive pediatric vaccines. The Animal Health segment is engaged in the discovery, development, manufacture, and commercialization of veterinary pharmaceutical and vaccine products.
Total ICT Spending 2022 | $3 billion |
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, big data, and 3D printing |
The Merck 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, accelerator programs and innovation/technology centers, technology partnerships, technology introductions, venture arm, investments, acquisitions and ICT spending among others.
Digital Transformation Strategies
Merck is utilizing the power of data science to transform manufacturing process, improve quality, lower production costs and maintain high production levels with low downtime. In 2019, the company initiated a continuous manufacturing pilot project (continuous manufacturing is a type of production workflow wherein input materials are continuously fed into the system and the output materials are continuously removed from the system) to produce medicines in flexible batch sizes, minimize chances of drug supply shortages, and improve quality control.
To gain more insights on digital transformation strategies and initiatives of Merck, download a free report sample.
Merck Technology Theme Focus
Merck is utilizing a number of emerging technologies including artificial intelligence, cloud, and big data among others to enhance its operational and service capabilities.
Merck Technology Theme Focus
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Merck Technology Initiatives
Merck 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, the company partnered with Philips to develop digital solutions for personalized fertility treatment and better treatment outcomes. The proposed solutions shall use mobile, AI-enabled ultrasound diagnostics and advanced informatics to suggest clinicians and patients about the timing and choice of fertility treatment to increase the chances of conception. The partnership was forged on the premise that digital technologies will play a major role in improving in vitro fertilization (IVF) treatment in future.
For more insights on other technology initiatives of Merck, download a free report sample
Merck ICT Spend by Function
- Data center
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Merck ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Merck ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Merck ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Merck External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Merck 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 Merck’s technology activities.
- Insights of its accelerator programs and innovation/technology centers, and venture arm.
- 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 Merck’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.
Table of Contents
Frequently asked questions
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What was the total ICT spending of Merck in 2022?
The annual ICT spending of Merck was estimated at $3 billion in 2022.
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Which was the leading ICT spending category by function for Merck?
Data center was the leading ICT spending category by function for Merck in 2022.
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Which was the leading ICT spending category by channel for Merck?
Internal development and maintenance was the leading ICT spending category by channel for Merck in 2022.
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Which was the leading ICT spending category by segment for Merck?
Software (including cloud SaaS) was the leading ICT spending category by segment for Merck in 2022.
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What are the key technology themes in focus for Merck?
The key technological theme in focus for Merck are artificial intelligence, cloud, big data, and 3D printing.
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