• Mon. May 16th, 2022



List: The leaders determining Microsoft’s future in healthcare

Tech giants like Google, Apple, Amazon, and Microsoft are pushing deeper into healthcare as more health services go online, AI becomes a key part of drug research, and doctors start monitoring patients’ health from home.

Microsoft for its part has organized its cloud, AI, and research expertise to find healthcare-specific uses for its technology. With Peter Lee at the helm, the healthcare team is defining the tech giant’s evolving strategy and has bold ambitions to reinvent how doctors deliver medicine.  

One of its biggest projects to date is “Microsoft Cloud for Healthcare,” the company’s first cloud kit designed specifically for the needs of one industry. From its Teams chat app to storage, the service will include versions of existing products as well as new ones, like transcribing tools for doctors. 

It’s evidence of Microsoft’s new strategy — tailoring its tech tools for specific industries — to grow its all-important cloud business with clients like Walgreens, Humana, and Allscripts. That’s becoming more common in the competitive cloud market, where Google, IBM, and Amazon Web Services are offering web-based tools for specific kinds of businesses, too.

Read more: Microsoft’s healthcare strategy is all about the cloud. 2 executives lay out how it’s taking on Google and Amazon as tech giants push deeper into the $3.6 trillion healthcare industry.

While healthcare is Microsoft’s first industry-specific cloud, the company has big ambitions for industry focuses — and the success or failure of the company’s healthcare team has implications for how the company designs products and services in the future.

Microsoft doesn’t share revenue figures specific to its Azure cloud computing business, but in July said its commercial cloud business – which also includes Office 365 and other cloud-based software products – reached $50 billion in annual revenue for the first time.

While analysts at Bernstein recently noted Azure’s growth outpaced Google and Amazon during the company’s last quarters, market-leading Amazon Web Services is a much bigger business and thus has a harder time posting large growth percentage figures.

And Microsoft’s work in healthcare extends beyond providing passive cloud services. It also helps testing companies and drugmakers with research, makes apps for people with disabilities, and backs healthcare startups.

With the world’s most popular workplace apps and the most public trust of any tech giant, according to CB Insights and a survey by The Verge, insiders say that Microsoft is well positioned to help the healthcare industry work out its stickiest problems. 

Listed alphabetically, here are the 15 most important leaders at Microsoft Healthcare, according to the company and Business Insider’s reporting:

Source Article