The acronym GAFAM, first coined by Goldman Sachs, refers to the five most popular US tech stocks:
Google (Alphabet)
Apple
Facebook (Meta)
Amazon
Microsoft
Many investors believe that if these stocks are doing well, then technology the tech sector is doing well. These companies are so influential at this period of time that they are bringing about a sociocultural evolution.
COVID-19 has driven calls for digital transformation from policy makers, healthcare providers, consumers and patients alike. Not surprisingly these companies are moving into the healthcare space with rapid speed.
This report looks at each company, provides an overview and analysis of their activities and collaborations in the healthcare space with a view to answering the following questions:
- What this mean for startups and how can they learn from these tech giants?
- Can Consumer Companies Meet the Needs of Highly Regulated, Slow Moving Healthcare Ecosystem?
- Will GAFAM Companies Disrupt Healthcare?