Deloitte and Google Cloud announced their intentions to deliver specialized cloud, AI, data analytics, API management, and more for the health, financial, and retail vertical markets.
According to the two companies, for healthcare and life sciences they will provide joint technology and expertise that they say will help to decrease time to treatment, improve care, and speed biomedical research. The companies hope to achieve this through services such as Deloitte’s Contact Center AI and clinical data warehousing, Genomics and Imaging services.
“Together, we plan to transform operating models across these key sectors by harnessing the power of cloud technologies and the extensive industry-specific knowledge and experience of our practitioners,” Janet Foutty, chair and CEO of Deloitte Consulting, said in a statement.
For financial services, Deloitte industry specialists will rely on the Google Cloud platform for integrated services that support the retail banking and capital markets, insurance, and investment management. The two companies hope they are able to provide a scalable infrastructure, high-performance computing, and secure multi-cloud that the financial services industries values more highly than horizontal services.
When it comes to retail and consumer products, the two companies will provide specialized retail services, including demand forecasting and supply chain optimization delivered via Google Cloud.
The move to cloud services designed to support specific vertical markets — sometimes called industrial cloud — is on the rise. According to an analysis by market research firm IDC, as more organizations embrace hybrid clouds, they will increasingly do so with clouds that provide services tailored to their specific industry. While the hybrid cloud market is expected to grow to roughly $45 billion this year, $37.5 billion of that will be on cloud services aimed at vertical markets. The top five vertices markets, as IDC sees them currently, will be healthcare, public sector, finance, retail/wholesale, and manufacturing.
For its part, Google Cloud is busy courting industry-specific service providers, especially in healthcare. Earlier this month healthcare services provider McKesson Corp. announced it will collaborate with Google Cloud to advance new applications and products, machine learning and artificial intelligence (AI), and enhanced analytics in support of McKesson’s efforts to transform the delivery of care and increase revenue.
“We’re at the start of an unprecedented era in healthcare technology, services, and ideas,” said Andy Zitney, senior vice-president, CTO of McKesson Technology. “That’s why I’m excited about Google Cloud Platform, not only for the infrastructure it provides but for what it allows McKesson to deliver for its customers—customer value that is secure, scalable, and at speeds we haven’t seen before.”