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Showing posts with the label Inventory Management

Predictive maintenance is defining the future of the medical device industry

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Digital transformation of a diagnostic lab enables one to allow efficient management of the inventory and better anticipate maintenance needs of the instruments. Think about it! In any business, what is the role of technology and how does it help? In simple words, it is one of the problem-solving tools that helps resolve a business problem faster and effectively. With an increasing focus on offering value-added services, manufacturers are adopting rapidly evolving technologies such as IoT or Internet of Things, to meet the huge demand for fully automated products and services. IoT applications are being used across all verticals of business and healthcare is no exception. In fact, IoT has brought in a lot of ‘convenience’ to the healthcare ecosystem. A research has projected that by 2019, 87% global healthcare organizations will have adopted IoT technology. Speaking specifically of the medical devices segment, IoT has brought about digital transformation to a lab work...