AI’s growing influence on the medical device company’s value chain (MedTechDive)
With the rise of interest around AI since the release of large language models (LLMs), there is pressure on MedTech executives to get ahead of industry peers regarding AI, not only within devices but in the conception, design, manufacturing, approval, distribution and post-market management of devices.
The medical device industry is unique across the value chain and life stages. It spans research, design, quality and product engineering, clinical trials, validation, pre-market approval, production, post-market support and product obsolescence. Adopting the digital thread throughout the value chain is essential for scaling organizations in response to industry growth. It enables companies to proactively address or leverage disruptive forces more effectively.
Medical Device Companies and the Digital Thread
Medical device companies must see digital thread investment powered by artificial intelligence (AI) models as their number one strategic imperative or risk falling behind. The digital thread refers to the seamless flow of data and information across different stages of a product’s life cycle....
