CHICAGO (PRWEB) April 14, 2020
Damo Consulting, a leading digital strategy consultancy for healthcare enterprises and technology firms, today announced the release of its fifth annual WITCH report. The report provides a market landscape view of the 12 major global technology consulting and services firms in healthcare and life sciences. Companies covered include Wipro, Infosys, TCS, Cognizant Technology Solutions, and HCL (WITCH), along with other industry leaders. Information covered in the WITCH Report includes financial performance, M&A activities, customer wins, partnerships, new product initiatives, and leadership announcements.
“Our analysis shows a decline in the healthcare revenue growth compared to overall company growth of the major global technology firms; however, the life sciences segment has performed better compared to the healthcare segment. Most IT consulting firms have had a limited presence in the healthcare provider segment which may represent the most significant new opportunities in the near term,” said Paddy Padmanabhan, CEO of Damo Consulting and author of The Big Unlock: Harnessing Data and Growing Digital Businesses in a Value-Based Era.
He further states, “We are in the midst of an economic and social disruption caused by a global Coronavirus (Covid-19) pandemic. All companies covered in the WITCH group will feel the impact, as discretionary projects dry up and funds are diverted immediately to Covid-19 response efforts. There will also be gainers and losers as we emerge from the crisis. Tech firms that carefully assess the market shifts and position themselves accordingly will find significant new opportunities.”
About The WITCH Report
The WITCH Report is one-of-a-kind report published since 2015 and includes a comprehensive review of the financial and market performance of 12 global technology consulting firms in healthcare and life sciences. In addition to the WITCH companies, the report covers Accenture, Atos, Capgemini, DXC Technology, IBM, NTT Data, Optum, and Deloitte.
About Damo Consulting
Damo Consulting is a growth strategy and digital transformation advisory firm that works with healthcare enterprises and global technology companies. We help develop and implement digital transformation strategies and enable market growth strategies. We specialize in thought leadership led brand transformation and actionable healthcare market intelligence.
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