BD's Production and Supply Chain Strategy
- BD produces 35 billion medical devices a year, which is equivalent to 400,000 devices per minute, and the company has invested systematically over decades to ensure a strong supply chain, including having secondary suppliers for raw materials and its own infrastructure such as railroad spurs and corn silos 42s.
BD's Strategic Focus Areas in Healthcare Innovation
- The company's strategy is focused on three pillars: AI connected care, enabling care to shift into the home, and improving outcomes for chronic disease, with a huge focus on areas such as infusions at home, urinary incontinence, and oncology treatments 2m6s.
- BD is also using robots in retail pharmacies to enable people to access medications from the comfort of their own homes, with the robots capable of filling prescriptions and sending them to customers within a short time frame 4m30s.
AI and Robotics in Healthcare Transformation
- The use of AI and robotics in healthcare is expected to transform the industry over the next decade, with the potential for autonomous devices to intervene and prevent patient complications, and humanoids to provide comfort and care to patients 6m40s.
- However, there are bottlenecks to achieving this transformation, including ensuring that the technology is developed and implemented in a safe way, with no room for errors, and addressing the challenges of human error in healthcare 9m20s.
Implementation and Testing of AI and Robotics
- The implementation of artificial intelligence and robotics in healthcare is happening in real-time, with a focus on testing and prudent implementation to ensure high-quality results 10s.
- Partnerships with robotics companies are being formed to automate tasks, such as delivering medications to hospital floors, which is appreciated by nurses and allows them to focus on more critical tasks 42s.
- The first phase of automation and robotics is taking away menial tasks that do not require trained clinicians, freeing up experienced and knowledgeable staff to focus on more complex tasks 1m6s.
Impact of AI on Workforce and Operations
- The use of AI is not leading to a reduction in hiring, but rather allowing companies to grow while maintaining a relatively flat level of personnel, and bringing in new capabilities and talent 2m6s.
- The integration of AI and partnerships with other companies, such as Amazon, is being facilitated through the adoption of lean operations and Kaizen principles, known as BD excellence, which is also being applied to hospital systems 3m26s.
Global Healthcare Systems and AI-Driven Learning
- There is a recognition that no single hospital system or country has mastered the entire end-to-end healthcare ecosystem, but there are best practices and phenomenal health systems in various regions, including Northern Europe, Asia, and the US, that can be learned from and deployed 6m14s.
- The use of AI is enabling healthcare systems to learn and improve faster than ever before, with everyone moving up the curve at a faster pace, and this is exciting for the industry as a whole 8m20s.
