By: Eric M. Luyer, Market Research Analyst and Daniel R. Matlis, President
What Does it Mean to Medical Device Manufacturers?
Digital Transformation was the key topic at the PTC European Forum, held November 15th in Stuttgart, Germany. Part of the day was devoted to clarifying how the Internet of Things (IoT) and Augmented Reality (AR), in relation to digital transformation, benefit decision-making processes.
We are living in a time where it seems like everyone and everything is getting connected using technology concepts such as IoT. At the same time, there is a strong focus on improving product quality and value. However, the products or related services are getting more complex and the market requires product delivery be on request.
It is interesting to hear and learn how new concepts and technologies such as IoT and augmented reality (AR) can be used specifically in the medical device industry: to drive success with the ability to create, produce and market innovative and value driven products to market quickly.
Certainly, in a global market, proactive strategies are needed to support improved product quality and patient outcomes while supporting compliance with applicable regulatory requirements.