Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Spreadsheet Errors: The Hidden Risk In MedTech

Jan 28, 2025 - forbes.com
The article highlights the risks associated with using Excel spreadsheets in the MedTech industry for product development and quality control. Despite their familiarity, spreadsheets are prone to errors, lack robust traceability, and are not equipped to handle the complexities of modern technologies like AI and interconnected devices. These limitations can lead to significant delays, costly recalls, regulatory fines, and even patient harm. The article emphasizes the need for MedTech companies to transition to automated lifecycle management solutions, such as connected lifecycle management (CLM), which offer interoperability, reduce human error, and improve consistency across teams.

To successfully implement a CLM-centered approach, organizations must undergo a discovery phase to assess current processes, identify bottlenecks, and ensure data integrity. Engaging cross-functional teams in planning sessions and investing in training programs can facilitate the transition. CLM systems help preserve existing quality systems while enhancing efficiency through interoperability and automation. By moving away from spreadsheets, MedTech companies can mitigate manual errors, improve efficiency, and enhance patient safety, ultimately setting a new standard for quality in the industry.

Key takeaways:

  • Spreadsheets are deeply embedded in legacy workflows but pose significant risks due to errors and lack of traceability.
  • Automated lifecycle management solutions like CLM offer interoperability and reduce human error by automating data management tasks.
  • Successful implementation of CLM requires a discovery phase to assess current processes, identify bottlenecks, and ensure data integrity.
  • Transitioning to CLM can enhance patient safety, improve efficiency, and set a new standard for quality in the MedTech industry.
View Full Article

Comments (0)

Be the first to comment!