AI in MedTech: We need to strike the right balance between innovation and regulation
Digital Health September 4, 2024
Stricter regulation is inevitable, so how should MedTech companies respond? By Cognizant’s Rohit Alimchandani
The MedTech industry stands at a pivotal point, torn between fully embracing technological advancements, particularly in AI, and the demands of strict regulation. Our report, published with Microsoft, found that whilst the majority of decision-makers in the MedTech space feel they operate in a tightly-regulated environment, stakeholders are split on whether these guidelines help to facilitate innovation or act as a barrier. For the sector to thrive, innovation and compliance must coexist; they cannot threaten each other.
Does regulation support or stifle innovation?
The report on the state of the industry, and the opportunities and challenges presented by AI, reveals the findings of a quantitative survey...