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I just read CapGemini’s Smart factories @ scale
report. Some of the numbers in it caught my eye.
The report is good and the methodology seems solid. And yet I believe that with such self-reported research, we need to take the findings with a grain of salt. I will be doing some critical analysis in this post.
We live in a world where digital technologies have warped what we now consider “normal.” For example, with the rise of the Internet of Things (IoT), it is now widely accepted that by next year, the IoT will comprise more than 30 billion connected devices. Can you imagine what 30 billion devices look like? If we are going to make sense of all this data, then we’ll need a better way to process and act upon it. Augmented Reality could be our best option.
Instead of a painful, time-consuming and costly process, what if being audited by the FDA, or any other regulatory body, was just part of the day to day routine? For the MedTech industry this makes perfect sense – it would not only reduce the financial overheads associated with being audited, it would also substantially reduce time and business risk.
Speed, efficiency and effectiveness. These are three very different things but are often associated with each other. According to folklore, the fastest doesn’t always finish first – so is efficiency and effectiveness what you should be striving for? Design of Experiments (DOE) is like this. You can conduct experiments fast, but what if you miss an important interaction because you can only experiment with one factor at a time?