According to Gartner, a staggering 85% of AI projects fail to deliver on their expected outcomes, often due to poor planning, data quality issues, and misaligned objectives.
Contributing expert: Susan Protos, HLS consultant As MedTech product and system developers increasingly use digitalization and connectivity to improve patient and provider experiences, functional safety (FS) becomes paramount to protect people, property, and the environment from any technology-related hazards. Functional safety refers to ensuring systems and equipment perform as intended, especially in the presence of…
Discover the truth behind 8 major automotive functional safety misconceptions and learn how evolving standards are impacting vehicle design and safety.
Consumers are looking for fast, convenient payment options, and businesses are under increasing pressure to offer those options securely. More than ever, having a secure and easy-to-use payment processing system has become a cornerstone of customer satisfaction and operational success.
With the rapid pace of innovation in the MedTech market, projected to reach a volume of $772.5 billion by 2029, teams need a streamlined approach to product development, ensuring that safety, compliance, and efficiency are prioritized throughout the medical device lifecycle.
In 2023, the global functional safety market was valued at $6.12 billion, and it’s projected to grow at a compound annual growth rate (CAGR) of 6.3% through 2030. This rapid growth is fueled by the increasing reliance on automation across industries and a heightened focus on workplace safety.
Product due diligence is the foundation of a successful product strategy, minimizing risks and ensuring a good product-market fit. Learn more about the process.
According to a KPMG survey, 61% of people are wary of trusting AI systems. This skepticism stems from phenomena like AI hallucinations, where AI models produce inaccurate or completely fabricated information.