World Economic Forum Launches New Global Initiative to Advance Digital and AI-Driven Transformation of Healthcare Systems

09 Jan 2024

World Economic Forum,

World Economic Forum Launches New Global Initiative to Advance Digital and AI-Driven Transformation of Healthcare Systems

  • Digital transformation and new tech tools can provide scalable solutions to systemic challenges straining global healthcare system, new research finds.
  • The newly launched Digital Healthcare Transformation Initiative will accelerate public-private collaboration around digital health, data and artificial intelligence.
  • The report highlights how several critical enablers could revolutionize healthcare and counter the interconnected challenges it is facing globally.
  • Read the full report here. For more information on the Annual Meeting 2024, visit Share on social media using #wef24.

Geneva, Switzerland, 9 January 2024 – A new World Economic Forum initiative unveiled today will unlock the transformative potential of digital tools and new technologies, such as artificial intelligence (AI), in healthcare and the critical importance of concerted public-private collaboration in driving their global adoption.

The Digital Healthcare Transformation Initiative, launched in collaboration with Boston Consulting Group (BCG), will harness the untapped power of digital solutions to help address the host of pressing, interconnected challenges straining the global healthcare system. The joint effort will foster international collaboration around promising new digital tools, such as AI, to reshape patient care and improve system inefficiencies worldwide.

“Digital transformation has the potential to overcome the serious challenges patients and populations are facing worldwide,” said Shyam Bishen, Head of the Centre for Health and Healthcare and Member of the Executive Committee at World Economic Forum. “Greater public-private collaboration is urgently needed to address these complex challenges. We are committed to providing an adaptable, cooperative platform to connect the dots and accelerate and scale up the innovative efforts of key change-making organizations in healthcare globally.”

Transforming Healthcare: Navigating Digital Health with a Value-Driven Approach, a joint report by the World Economic Forum and BCG, also launched today, underscores this urgent need for concerted collaboration around the scaling up of digital solutions to the triad of interconnected challenges straining health systems today – insufficient financial and human resources, the increasing burden of chronic diseases, and inequitable outcomes and access to care.

"This joint initiative marks a significant step towards harnessing the power of digital solutions and AI to elevate health outcomes, enhance efficiency, and bridge the gaps in access and care that exist in far too many countries,” said Torben Danger, Global Leader of BCG’s Health Care Practice and a co-author of the report. "Now is the moment for governments, healthcare system leads, and the private sector to intensify their efforts and establish the right conditions that not only allow digital, data and AI solutions, but also enable them to thrive and transform global healthcare in an ethical and secure way."

The report’s strategic framework outlines five overarching digital enablers that could expedite the sustainable transformation of healthcare systems and help ensure maximum impact for patients worldwide:

  • Data: Unlock the value of data that enables digital applications to create impact.
  • Tech and analytics: Build strong tech and analytics foundation that can extract value from data.
  • Funding and incentives: Align incentives among stakeholders and ensure funding so digital can be scaled up for maximum impact.
  • Hybrid healthcare delivery: Strengthen digital capabilities and user design to facilitate implementation.
  • Regulations and policies: Develop fit-for-purpose digital regulations and policies.

About the World Economic Forum Annual Meeting 2024

The World Economic Forum Annual Meeting 2024, taking place on 15-19 January 2024 in Davos-Klosters, Switzerland, convenes the world’s foremost leaders under the theme “Rebuilding Trust.” For further information, click here.

Notes to editors
Read the Forum Agenda also in Spanish | Mandarin | Japanese
Learn about the Forum’s impact

Check out the Forum’s Strategic Intelligence Platform and Transformation Maps
Follow the Forum on X via @wef

@davos | Instagram | LinkedIn | TikTok | Weibo

Become a fan of the Forum on Facebook

Watch Forum videos at | YouTube

Get Forum podcasts at | YouTube
Subscribe to Forum news releases

All opinions expressed are those of the author. The World Economic Forum Blog is an independent and neutral platform dedicated to generating debate around the key topics that shape global, regional and industry agendas.

About Us



Partners & Members

  • Sign in
  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum