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That's exactly the type of IoT application that healthcare products giant Johnson & Johnson is investing in. In fact, the $70bn, 130-year old manufacturer is in the process of reinventing itself, via an annual spend of $2bn in technology.
“We see ourselves not only as a healthcare company but also as a technology company because technology is dramatically changing the landscape of what’s possible for us,” says Kathy Wengel, J&J’s chief supply chain officer. “We approach problems of global health through Big Data and analytics to look at patient populations in different ways, we design smart products and we use technology on an ongoing basis to improve the patient or the customer outcome. And we’re using technology internally as well, in how we run our manufacturing plants and in how we do business.”
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