How to make medical products that avoid Eroom’s law
Despite life sciences’ developments in science, instrumentation, data generation and compute power, Eroom’s law dictates that the price of developing new medical treatments doubles every nine years.
Since the future of the medical field trends towards personalized healthcare, however, the economies of scale no longer work if each bespoke treatment follows this nine-year trend. To bend the law into one that better resembles Moore’s law, life sciences experts need industrial AI and the comprehensive digital twin.
In this podcast you will learn:
- 02:54 – How Eroom’s law dictates product development in the life sciences
- 06:35 – What data strategy challenges exist for personalized healthcare
- 10:25 – How to implement personalized healthcare in the wake of Eroom’s law
- 13:57 – How industrial AI and the comprehensive digital twin help
To learn more about the healthcare offerings from Siemens, click here.
John Nixon – Global Vice President of Process Industries at Siemens Digital Industries Software
As Group Vice President for Process Industries at Siemens, John leads a global team that helps process industries leverage digital solutions that enhance efficiency, accelerate innovation and achieve sustainability goals.
John has over three decades of experience in strategy, operations and technology deployment for energy, chemicals, life sciences and CPG. He is well versed in the operational and business pressures of industry, including regulatory demands, decarbonization, talent gaps and the push for innovation.
Patrick Ansems – Global Head of Life Sciences at Siemens Digital Industries Software
As Global Head of Life Sciences at Siemens, Patrick helps pharmaceutical and medical device organizations build comprehensive Digital Twin technology that spans development to manufacturing, and beyond. These tools accelerate innovation and deliver better therapies to patients.
Patrick has 25 years of experience ranging from wet labs to digital transformation. He understands the complexity of scientific workflows and how to translate them into strategies that deliver business outcomes.
The Industry Forward Podcast
Join industry experts to explore the key trends, transformative technologies and real-world innovations that are reshaping fields from aerospace, industrial machinery and semiconductors to pharmaceuticals and beyond. Each episode delivers an in-depth discussion on the dynamic challenges industries are facing and how digitalization driven by AI, software and the comprehensive digital twin is meeting those challenges today and redefining the global industry of tomorrow.
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