Amazon and CVS are about to go to battle with one another as the two are fighting to keep as much of the healthcare market as they possibly can. CVS has already been a long time player in the area obviously, and Amazon has made some noise about how they would like to jump into this arena in the near future as well. This could be something that ends up becoming a very big battle between two huge companies.
The fact of the matter is that Amazon has decided to apply for some licenses to sell pharmaceutical products on the Internet in a variety of states. By doing this, they sent up a sort of red flare that they are interested in competing in some of the same markets that CVS has had to itself for a very long time. It meant that Amazon was willing to do just about whatever it deemed necessary to expand its already massive business.
Drew Madden has been observing this from his perch as a healthcare IT entrepreneur and wonders how it will turn out. He certainly does see how Amazon has made a move that is definitely threatening to CVS. At the same time, he believes that CVS has put in an interesting counterpunch in the fact that they have decided to make their MinuteClinics much more bountiful and have also gone the extra mile by purchasing up healthcare insurance provider Aetna.
These moves make it possible that CVS can retain at least some of its marketshare in the healthcare industry even as the threat of Amazon looms all around them. Perhaps CVS has been among the brightest of healthcare companies when it comes to how they have reacted to the Amazon news. They just understand that they need to do what they can to protect the business that they have built up so strongly already. They did not panic but instead made the changes necessary to stay around. This is a lot better than just becoming flat-footed and not knowing what to do. Amazon may be a threat to them, but CVS has solidified its position in the healthcare industry.
It is in the authority site Forbes that readers can learn more about the insight, contributions and ideas of William Saito as writer to the same news portal. In one of his articles for Forbes, William Saito shared his analysis of the damages, impact and breakthroughs regarding cyber attacks and their solutions.
In the article, he shared that as many more companies are trying to expand their reach across continents, the more vulnerable they are to cyber attacks. Saito shared that for such challenges, there’s now an increased need and demand to focus on how to mitigate the damages of such threats. There’s now a need for companies to prepare themselves for security vulnerabilities. There’s now an added vigilance required for such companies to always prioritize cybersecurity in their operations.
He also added that one of the many preventive measures that a company can use to lower the damage of cyber attacks is to install automatic prevention systems in various stages across the company’s database. These systems will notify the I.T. or the people in charge of such unusual activity, and thereby the issues can be addressed immediately, lowering their damage. Saito also highlighted that any company should also have an Executive Chief Information Security Officer (CISO) that would oversee the entire strategies of addressing the vulnerabilities. The CISO would also be in charge in risk-management and direct reporting to the board regarding cybersecurity.
About William Saito
William Saito is known in the industry as the Japanese-American businessman and former strategic advisor and political analyst for Japan. He’s also known to be a cybersecurity expert that had started his own software firm in college directly out of his dorm room. His company I/O Software had been instrumental in developing the software industry in Japan. A highlight of the business venture of William Saito would also be the fact that at the age of 34, he already sold his I/O Software to Microsoft. He’s also recognized as the Ernst and Young’s Entrepreneur of the Year last 1998.
Saito is also known for being excellent in his engineering and software programming skills despite limited expertise in the English language. He’s also the author of the book, An Unprogrammed Life: Adventures of An Incurable Entrepreneur. It is in the book that he shared some of his success stories, challenges, breakthroughs and setbacks that have all shaped him to what he is now as a successful businessman.
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