Koninklijke Philips N.V - Digital Transformation Strategies

Koninklijke Philips NV (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, enterprise diagnostic informatics, image-guided therapy, ultrasound, monitoring and analytics, sleep and respiratory care, population health management, connected care informatics and therapeutic care. It offers mother and childcare, personal care and oral healthcare products, including power toothbrushes, brush heads, baby bottles, sterilizers, shavers, groomers, trimmers, skin care, hair carem 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 company has business presence across North America, Europe, and Asia-Pacific.

The report provides information and insights into Koninklijke Philips' tech activities, including:

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

• Philips is offering a portfolio of products and services along with COVID-19 oriented solutions to meet the needs of the customers while ensuring safety for its employees during the pandemic.
• Philips uses deep clinical and consumer insights and emerging technologies to deliver integrated solutions that connect people, data, and technology seamlessly and can help improve patient and staff experience.
• Philips is leveraging IoT, big data, and predictive analytics to enable remote upgrade and predictive maintenance and remotely manage its installed devices.
• To drive its digital transformation, Philips has developed an AI Lab in Shanghai, affiliated under the PIC in China. The lab focuses on the areas of NLP, structured data generation, big data mining and analytics, and integrating AI with medical imaging to support healthcare professionals in diagnosing disease and provide personalized treatments.

Reasons to Buy

• Gain insights into Koninklijke Philips' tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.