James Steiner, design director at Method explains how pharma companies can ensure they’re successful when implementing an IoT project.
Smart Thinking
From smart insulin pens to pills with ingestible sensors, the pharma sector is on the cusp of an internet of things (IoT) revolution that could transform the patient experience and unlock lucrative new business models for the industry.
With IoT in healthcare projected to be worth over $534 billion by 2025, technologies such as remote monitoring, real-time analytics and seamless data flow between devices and people can improve both decision-making and the efficiency of medical ecosystems. However, recent years have seen many IoT projects fail to even get off of the ground.