Issue link: https://read.uberflip.com/i/1496578
3 Proprietary & Confidential. © 2022, Everest Global, Inc. | EGR-2022-45-E-5054 Everest Group PEAK Matrix ® for Cloud for Healthcare – Data Platform Vendors 2022 Cloud for healthcare – data platforms PEAK Matrix ® characteristics Leaders: AWS, IBM, and Microsoft Leaders have established themselves as front runners in offering cloud data platforms and products for healthcare enterprises on the back of their strong domain and technical expertise. Vendors in this category have strong healthcare specificity demonstrated through products aligned with key industry themes (e.g., Amazon HealthLake for analyzing population health data by leveraging AI/ML and NLP, IBM® Benefits Mentor with Watson™ for analyzing claims data to help employees with their benefit determination) Leaders' cloud data platform offerings provide a balanced coverage across key healthcare product categories – clinical analytics, administrative analytics, interoperability, and member engagement Leaders continue to keep pace with market dynamics through continued investments in technology enhancement through internal IP / tools development, M&A, partnerships, etc. (e.g., Microsoft's acquisition of Nuance to enhance its cloud and AI capabilities, IBM's partnership with Red Hat and Adobe to accelerate customer experience transformation) Major Contenders: Cloudera, Databricks, Google, Innovaccer, InterSystems, Oracle, SAP, Snowflake, and Teradata While some of the Major Contenders (such as Innovaccer, InterSystems, and Oracle) offer products targeting specific healthcare use cases, most vendors in this category serve healthcare clients with their broad/industry-agnostic data and analytics platform(s) To bridge the gap with Leaders, some Major Contenders are taking a partnership route and leveraging SIs, consulting partners, and technology vendors to enhance their healthcare specificity (for instance, Google has partnered with HCL to co-innovate and launch healthcare solutions) Aspirants: Health Catalyst, Inovalon, and Yellowbrick Aspirants should look to enhance their product offerings around key use cases such as interoperability, FWA, patient engagement, and utilization management key to gain mindshare among healthcare enterprises Aspirants, such as Health Catalyst and Inovalon, should look to enhance their brand recall and increase presence across large healthcare accounts to complement their strong healthcare domain expertise