The Future of Cyber Security & Data Protection in Healthcare & Life Sciences

Strategic Relevance

  • The Indian healthcare and pharma sector is rapidly expanding due to population growth, rising income levels, and increased demand for better healthcare services.
  • To leverage this opportunity, healthcare and pharma need to embrace physical and secure digital solutions. Physical aspects drive trust and care, while secure digital technologies drive scalability, efficiency, and effectiveness.
  • The AI market in India’s healthcare industry is projected to grow at a compound annual growth rate (CAGR) of approximately 40% between 2020 and 2025.

Challenges & Opportunities

  • Data overload: Digital healthcare generates vast amounts of data, which can be overwhelming and challenging to manage.
  • Privacy and security concerns: Collecting, storing, and sharing sensitive personal information in digital healthcare and pharma makes them vulnerable to cyber attacks and breaches, compromising patient and business privacy and security.
  • Technical complexity & cost: Digital healthcare systems can be complex and require technical expertise to operate. Cost is also a barrier to adoption, especially for smaller healthcare providers and pharma companies.

Future Trends

  • AI solutions will address routine, repetitive administrative tasks, optimizing healthcare operations and increasing adoption.
  • AI in Drug Discovery – applying data science and machine learning to massive datasets is transforming R&D, enabling rapid discovery of new molecules.
  • Home-based care supported by AI solutions such as remote monitoring, AI-powered alerting systems, and virtual assistants, as patients take ownership of their care.

Best Practices & Key takeaways

  • Enable radically interoperable data empowering hyper-engaged customers to sustain well-being.
  • Protect sensitive data and ensure cybersecurity in healthcare and life sciences through a holistic approach encompassing technological solutions, robust policies and procedures, employee awareness and training, and regular monitoring and evaluation.
  • Implement prospective and predictive care that adapts to the needs of empowered consumers.
Kapil Madaan
Global Head – Information Security, Risk & Compliance (CISO & DPO)
Max Healthcare

Disclaimer: The views expressed in this feature article are of the author. This is not meant to be an advisory to purchase or invest in products, services or solutions of a particular type or, those promoted and sold by a particular company, their legal subsidiary in India or their channel partners. No warranty or any other liability is either expressed or implied.
Reproduction or Copying in part or whole is not permitted unless approved by author.

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