To tackle the challenges ahead, HealthTech startups and scale ups need to get serious about framing and scaling their data team.
Bad quality, unhandled data is costing organizations tons of money. Gartner Research estimates that companies lose $15 million per year as a result of poor data, while 94% of businesses believe the data they hold is inaccurate.
Aside from such sobering figures, bad quality data comes with hidden costs as well; from internal costs, such as the time or resources involved in building, maintaining, or using databases, to external costs such as amounts spent on outsourced data cleansing.
Our latest report reveals the current position of data teams in HealthTech; uncovers the importance of having a fully fleshed data team; and advises how and when HealthTechs should scale their data function.
Businesses across all HealthTech sectors are beginning to recognize the decisive power of data to drive business goals, and most are gearing up to put data in the driving seat of their company and product strategies.
Download your copy of Storm3’s ‘How And When To Scale Your HealthTech Data Team’ report below.