In this article, Mitch Beaumont, Prashanth Prasad, Ulrica Sehlstedt and Mandeep Dhillon, Arthur D. Little, introduce a framework to guide analogue-native companies in the use of levers to manage the transition to digital.
Levers
Established medical technology and pharmaceutical companies as well as new entrants to the medical technology sector can benefit from offering digital products and services. But for existing companies, whose development models are built around compliance with regulations, moving to digital is typically a difficult prospect. We have created a set of ‘levers’ that executives can consider in order to proactively manage the changes necessary for digital transformation.