Tech Giants Charge Deeper Into $8 Trillion Healthcare Industry

The healthcare industry is facing daunting challenges. Demand for accessible care continues to outstrip available resources, costs are skyrocketing, and healthcare companies are unable to keep up. Global healthcare spending is projected to reach $8.7 trillion by 2020, mainly driven by a rapidly aging population in developed economies.

And now big tech has stepped up. The story is no longer about startups disrupting healthcare.

Unfortunately, the industry is riddled with too much red tape bureaucracy and regulation for this to be done in a conventional way. Instead, it’s the big tech companies that are eyeing to invade the space.

Apple, IBM, Amazon, GE, Intel and Alphabet are placing their bets in the $3-trillion industry and driving a...