Archive for category: News

Technology has always played a role in the medical industry. It only become even more popular because of the COVID-19 pandemic in 2020. More and more virtual patient care and medical devices were used and the medical device industry has since been busier than ever. Entrepreneur and technology expert Alex Kulitski – Found and CEO of Smart IT and CTO of MEDvidi, shares his expert knowledge on Med Device Online of the rising trends in the healthcare industry and where medical devices can have the most impact.

1. Cybersecurity. “The number of cybersecurity attacks targeting U.S. healthcare organizations doubled in the first half of 2022 compared to 2021, with small and midsize hospitals being the most at risk of cyberattacks and lack of cyber security, according to a survey carried out by CyberMD. That is why medical device manufacturers must continue to stay vigilant about designing user-friendly healthcare products that are well protected against cybersecurity risks.”
2. 5G Technologies. “In recent years, healthcare providers benefited a lot from abundant digitally stored data. Nevertheless, they still struggle to connect medical specialists like physicians, surgeons, and radiologists to the data-driven insights they need at critical decision-making moments. 5G networks streamline real-time data transfers, which is crucial for a fast and accurate diagnosis. A 5G device is two to five times faster than one based on Wi-Fi or 4G.”
3. 3D Printed Devices. “Manufacturers of medical devices moved forward during the COVID-19 pandemic despite facing a number of hurdles. International supply chains were disrupted because of local lockdowns and reduced numbers of employees. For this reason, additive manufacturing, or 3D printing, started to grow at a rapid clip. By 2026, the global 3D printed medical devices market is expected to reach $4.5 billion at an annual growth rate of 13%, according to The Business Research Company report.”
4. AI And Machine Learning. “Among current trends in the medical device industry, artificial intelligence and machine learning algorithms also play a significant role. The necessity of these technologies grows with the increasing number of medical devices in health facilities. The new AI and ML features provide healthcare workers with new and important insights deriving from the growing amount of data from medical records. Consequently, these tools lead to improved diagnostic decision-making while providing high levels of precision.”
5. Medical Robotics. “With the global nursing shortage on the rise, medical device companies in developed countries started to invent robots to help nurses perform their tasks. The need for extra assistance has intensified after the pandemic. Introducing robots in a healthcare facility frees medical workers from routine tasks such as performing venipuncture, monitoring patient vitals, lifting elderly people out of their beds, disinfecting patient rooms, and protocoling.

Kulitski concludes the reshaping of the medical device market, thanks to the COVID-19 pandemic, will see major challenges including the tight labor market, increased hacker attacks, logistics concerns, and risk of misleading diagnoses. Because of this and with learning to be even more prepared for the unknown, medical device innovations will continue to overhaul the market in the coming years.

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Infor recently announced that Åbro Bryggeri, Sweden’s oldest family-owned brewery, has chosen Infor CloudSuite Food & Beverage to help achieve its ambitious growth goals after a procurement process in which three suppliers participated. Per the press release, this project is part of Åbro Bryggeri’s transformation to a modern business system. Håkan Larsson, supply chain manager at Åbro Bryggeri says of the project, “Throughout the process, we have had good contact with both Infor’s and M3CS’ sales organization and felt trust in both parties.” Additionally, Anne Lageson, IT manager at Åbro Bryggeri comments, “We now have a solution adapted for the future, such as our e-commerce where customers will be able to place orders directly in the system, which is not possible in our current solution. As Infor’s solution runs in the cloud, it simplifies things for the IT side where we do not need to have any hardware in place. Updates are ongoing and the software is being developed, so even for our industry, we see the cloud as the future to simplify everyday life.”

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Your enterprise resource planning (ERP) system is the most mission-critical of all business systems in your organization. If your ERP goes down, your business cannot function properly. With out access to it, your employees cannot properly perform their duties. So, why haven’t more businesses moved their on-premise ERPs to the cloud? Aside from obvious costs and time for implementation, many decision makers have yet to find the urgency to switch over to the Cloud – even though the risks of staying on prem should be a big enough reason alone. Those who are considering the move still have some concerns, which could easily be addressed. Eric van Rossum from SAP shares an article on Forbes to help ensure that you move to a cloud ERP successfully and for all the right reasons, so you can achieve your desired business outcomes.

1. Understand WHAT you’re doing. “The term cloud ERP means different things to different people. There needs to be a clear understanding of what you’re trying to accomplish, in business terms. Write down your business objectives and make sure everyone sees them. It sounds simple, but most companies don’t do this.”
2. Understand WHY you’re doing it now. “What’s going on within the business that means now is the right time to start a cloud ERP transformation? This may be a new strategy with ambitious growth plans; the launch of a new product line that requires new processes; the desire to enter new geographies or markets, etc. There may be (and probably will be) external drivers too, such as changing customer demands around sustainability, issues with fragile supply chains, and changing government regulations.”
3. Prepare for the mindset shift. “Moving from (an often highly customized) on-premises ERP system to cloud ERP and its standardized processes is as much about changing the way you work as IT transformation. But how do you guide your organization through such a radical shift? It starts with looking at your business and accepting that there are a bunch of things you do that are non-differentiating. Don’t spend valuable time maintaining a business process that works just fine following the industry standard. Let cloud ERP do what it does best and handle your most essential and non-differentiating business processes, so you can focus on what does differentiate your business and excite your customers.”
4. Get a handle on your current business processes. “Before you can say with certainty which of your business processes are differentiating or non-differentiating, and before you can credibly assess the feasibility of moving to a standard set of processes, you need to have a clear picture of what your current business processes actually look like. Business process transformation tools help you create detailed roadmaps of your business processes so you can see how data and decisions move across your organization.”

Rossum concludes that without a clear view into where your business processes are today and where they need to go, you won’t be able to make a compelling case for moving to cloud ERP.

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