Moving towards a more efficient management of RTIs
Enterprises spend a lot of time, money and effort tracking RTIs using manual methods or barcode-based systems. Existing methods of tracking (manual & barcode-based tracking systems) have their own limitations, bringing about inefficient management of RTIs. However, the rise of cloud computing and the push towards RFID-enabled IoT solutions have presented companies with the opportunity to solve these problems. To gain a deeper understanding on the matter, we shall look at some of the primary issues surrounding the management of RTIs:
Accelerated Growth of the Surgical Instrument Tracking Market
According to a report by Grand View Research, the global surgical instrument tracking systems market is expected to reach USD 442.9 million by 2025. The Surgical Instrument Tracking Market has experienced exponential growth rates in recent years, driven by the impact of the UDI regulation and rising need for inventory management. There has been an increasing adoption of medical devices and instrument tracking products by private and public hospitals as they have to deal with a hosts of challenges such as vast inventory management and tracing of instruments and medical devices during surgical operations.
Re-shaping the industry through IoT-empowered Digital Transformation
“Digital Transformation” is the latest tech-related buzzword to take storm in the industrial sector. The increasing prominence of IoT in recent years has given companies the bandwidth to reshape their operational processes and undertake digital transformation. As the movement towards Industry 4.0 goes into full swing, digital transformation is at the forefront of that wave, empowering companies with IoT capabilities to re-think existing industrial processes.