The MedTech industry stands at a pivotal point, torn between fully embracing technological advancements, particularly in AI, and the demands of strict regulation. For the sector to thrive, innovation and compliance must coexist.
AI flaw in the technology that must be addressed is that it often pulls information from inaccurate sources of data, damaging the reliability of its output. This is a significant area of focus for regulators who are working to ensure that healthcare data used to train AI is of the highest possible quality to avoid any biases and protect patient privacy.
Innovation and regulation are equally important pillars of success for the MedTech sector. A stricter regulatory environment is essential for patient safety and protecting personal data, but this should not stifle the creativity and innovation that drives technological progress. Developing effective strategies for data quality and privacy and attracting the right talent are key to harnessing AI’s full potential.
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