Category Archives: IoT

13Jul/18
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Lucky 13! What’s in a Number?

At Axendia, We Consider 13 More Than a Lucky Number!

We are quickly approaching our 13 Year Anniversary!  Since 2005, we have been providing trusted advice to Life-Science Industry Executives on Business, Regulatory and Technology Matters. It’s more than just luck, our analysts help a diverse set of clients achieve positive disruption through primary research and deep industry experience in a complex and highly regulated Industry.  Not only is our staff passionate about what they do, they average 20 years of Life-Science industry experience.

As a result, Axendia has proudly built long-term relationships across a broad industry ecosystem including:

Life-Science and Healthcare Organizations 68530 Connected Doctor

We provide strategic advice on key initiatives and understand the issues and priorities facing Industry Executives. We architect strategic road-maps to support positive disruption.

Examples include:

Continue reading

05Jun/18
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New Research: The Impact of the Internet of Medical Things (IoMT) on Patient Outcomes

Axendia conducted a research study focusing on the medical device industry’s ability to build a Culture of Innovation and Quality and we sought to understand the Impact of the Internet of Medical Things (IoMT) on Patient Outcomes and how IoMT is changing the business of healthcare.

We successfully identified and analyzed trends, requirements and initiatives organizations are undertaking to proactively manage products and platforms across the product lifecycle.
In addition to our latest e-Book, we also developed an Infographic.

 

Request your copy now and learn:

  • How the medical device business will change over the next five years as a result of IoT initiatives
  • The biggest challenges companies face when bringing smart, connected devices to market
  • The biggest patient benefits of smart, connected devices
  • What type of medical device companies see IoMT as the biggest business disruptor

In support of the research, we surveyed 110 medical device professionals representing 59 medical device manufacturers from 12 countries, and engaged in one-on-one interviews and group discussions with industry thought leaders.

09May/18
Magician Palladium

Are Spreadsheet Wizards Doing Data Alchemy to Transform Your Data into Intelligence?

Bigfinite Brings a SaaS Platform that Uses Big Data, Artificial Intelligence (AI) and Machine Learning (ML) to Capture Data in the Cloud via IoT Technologies

By: Daniel R. Matlis, President

Life-Science companies are obsessed with hording documents.  These documents are filled with meaningless data.

Axendia research shows that 85% of companies surveyed rely on document driven processes.

Much of these meaningless data are unstructured, untagged and untapped.  Data are spread across countless repositories. They are saved in PDF documents and spreadsheets, in portals, share drives and email systems, in ERP, QMS, LIMS, MES, and PLM in process control systems and historians, etc.

However, data, even Big Data, on their own are not enough.  What is needed is intelligence.  Intelligence can be applied to answering scientific questions about product or process changes and the potential impact to both the product and the patient.

Unfortunately, many Life Science companies are suffer from DRIPPPP_INATU_CLP_WaterDroplet_B

DATA

RICH

INTELLIGENCE

POOR

Data Alchemy is NOT the Fix for DRIP

Until recently, the challenge has been the ability to turn these vast amounts of meaningless data into actionable intelligence, while supporting compliance with regulatory requirements.

Magician PalladiumHistorically, transforming meaningless data into actionable intelligence required hordes of spreadsheet wizards performing data alchemy. Data alchemists would hoard, compile, purify, distill, and perfect vast amounts of meaningless data and turn it into quasi-actionable intelligence.  Often working with months old data, the job of a data alchemist is tedious, resource intensive and often non-reproducible.

What if you could throw your data into a qualified data lake and use every technology buzzword to transform it into actionable intelligence?

Can Big Data, AI, ML, Cloud and IoT Fix the DRIP?

bigfinite logoAxendia was recently briefed by Bigfinite management to learn how the firm’s platform can address Life Science manufacturing problems that cannot be easily solved with current solutions. Continue reading

05Apr/18
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Case Study: SYSMEX Leverages the Internet of Medical Things (IoMT) to Disrupt the Blood Testing Market

Sysmex Aims to Improve Health Care for Millions of Patients by Going Beyond “Building a Better Box” and Leveraging the Power of IoMT

By: Daniel R. Matlis, President and Sandra K. Rodriguez, Market Analyst

Axendia_Sysmex-HighlightToday, the goal of healthcare is improving diagnostics and patient outcomes. To this end, the healthcare ecosystem is undergoing a transformation aimed at improving the quality of care while simultaneously controlling costs. In simple terms, the model is shifting from sick-care to well-care.

The power of the Internet of Medical Things (IoMT) and advanced technologies are enabling businesses to think outside the box.  In the case of Sysmex, the company went beyond just ‘building a better box’ in support of improved patient outcomes.

Learn how the company is disrupting the blood testing market in our latest IoMT Case Study, as we highlight:

  • How Sysmex Disrupted the Blood Testing Market via IoMT powered by PTC’s ThingWorx Platform
  • How IoMT Created a Digital Safety Shields in Support of Patient Safety
  • What are the Four Corner Stones of ‘Going Beyond Building a Better Box’
  • How the Combination of IoMT and AR are Bringing Disruption to the Next Level
  • How Next Generation Connected-Product Improve Patient Outcomes

To receive your copy of the Case Study, please register here.

18Jan/18
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How the Internet of Medical Things (IoMT) Supports Improved Patient Outcomes

Webinar Recording Available On-Demand

By: Sandra K. Rodriguez, Market Analyst, Axendia

The Internet of Medical Things (IoMT) and the transition to outcomes based reimbursements are changing the way medical device companies approach new product development. IoMT and connected healthcare can enable the transition to patient-centered, preventative care.  IoMT connected devices are going to play an important role in supporting improved quality of care, patient outcomes, and also improving the business of healthcare in the outcome economy.  Yet with smart, connected products comes a new level of complexity throughout the total product lifecycle

In a recent FDANews webinar, I was joined by David Wolf and Jordan Reynolds, both Senior Managers with Kalypso.  We discussed the impact the increased number of connected IoMT devices is having on outcome based healthcare models, the potential benefits and pitfalls, and how to best leverage PLM solutions and IoT in a changing healthcare environment. Continue reading