Inventing a great product is pointless if nobody buys it. In my years in the medtech industry, I’ve discovered there are three fundamental laws of commercialization that you need to consider early in the product development process if you are to be successful.
Experts from Truvian, Blue Ox Healthcare Partners, the University of Chicago and PI discuss the potential impact of real-time point-of-care blood testing.
With the COVID-19 pandemic shining a light on the benefits of telehealth, there has never been a better time to be in remote patient monitoring (RPM). But if you’re going to be successful, you need to win over your two main users: patients and clinicians.
Over the past nine months, I’ve run multiple innovation workshops for clients entirely online. Here are some tips to ensure your virtual workshop is as engaging and productive as an in-person workshop.
The COVID-19 pandemic has brought to light the gaps in Australia’s manufacturing capacity, but has also highlighted its potential. We’re glad to see the Australian Government focusing on medical manufacturing because we know we can compete globally in this sector.
Building digital connectivity into your healthcare device or laboratory instrument makes it easy to collect data and automate activities, but is a cloud or on-premises connectivity solution the best fit for you?
From start-ups to established companies, almost everyone in the life sciences and diagnostics industries is playing with digital health in one form or another. But how do you ensure this investment translates into commercial success for your company?
With the European Medical Device Regulations deadline looming, we look at the major changes impacting medical device manufacturers and the release of a few guidance documents by the European Commission.
A roundup of the latest news and opinions from PI.
Developing new products is a costly exercise and the path is often unclear. That’s why you need to be sure you’re building the right product for the right market, before you start designing. At PI, we have developed a five-stage program to help you achieve product-market fit and give your product the best chance of commercial success.
If we get the following four essentials right, we achieve software development excellence every time. And we do so at the least possible expense.
From training your team to empowering your customers, here are six reasons why you should consider including an online training package in your product launch strategy.
When it comes to choosing a manufacturer for your new product, there are a host of companies lining up to take your money. But with so many choices, how can you get this critical decision right?
When designers work with manufacturing experts from the start, their clients are the winners. Why? Costs fall, profits grow and products have a better chance of success.
When it comes to innovation, I believe that ‘uniqueness’ is misunderstood and often overrated. Let me explain why.
Speaking at an American Chamber of Commerce event, our Co-CEO and Co-founder Stuart Elliott offered insight into three fundamentals that organizations need to get right if they are serious about innovation.
Thinking of launching a tech start-up? Here are five reasons why you should come and work for PI first.
There’s rarely just one thing responsible for innovation. It is a combination of ingredients that deliver innovative thinking and behaviour. See if your company has these four ingredients in its mix.
As CEO of a company that is challenged every day to deliver innovative solutions, I see two main areas where every CEO can help increase their company’s level of innovation.
In my experience, there are common themes that link the failure of new products, and I am often asked by anxious entrepreneurs for my top tips on preventing their products from becoming landfill and, by corollary, how they can make their products successful.
The product development journey can be exciting but harrowing for even the most experienced company let alone the first time innovator. Here are a six principles that successful companies follow.
What makes a product great? Iconic? Whatever the quality, the decision is made, neither by the team that created it nor the marketer who sold it, but by the people who use it. So that is where we start when we design a new product – with people. And that design must be more than skin deep.
Good voice-of-customer (VoC) research requires you to be part detective and part psychologist. You are trying to solve a puzzle through questions and observations that will help you determine your product direction, your regulatory strategy and your commercialization path. And it’s not a simple puzzle to solve.
On paper, all software requirements look achievable. But for anyone who has been involved in developing new products, software is often the villain causing overruns and budget blow outs. Here are five strategies that I use to ensure the software team are seen as super heroes on your product development team.