Medtronic Plc - Digital Transformation Strategies

Medtronic Plc (Medtronic), founded in 1949, is a medical technology, solutions, and services company which designs, develops, manufactures, and markets a wide range of medical devices and solutions for the treatment of heart failure; heart valve disorders; diseases of the coronary artery; aortic; peripheral vascular; venous, renal, and neurological diseases; spine and musculoskeletal disorders; and diseases of the ear, nose, and throat. It also provides biologic solutions for the orthopedic and dental markets. In the US, the company sells its products through a direct salesforce, and in other countries, through direct sales representatives and independent distributors. It serves hospitals, third-party healthcare providers, clinics, and institutions including governmental health care programs, distributors, and group purchasing organizations in Asia-Pacific, Europe, the Americas, the Middle East, and Africa.

The report provides information and insights into Medtronic's tech activities, including :

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

• Medtronic is tapping the power of data & analytics to understand and analyze huge volumes of patient data. It developed a data-enabled health solution using technologies such as predictive analytics, deep learning, and big data to identify patients for targeted interventions and to improve health behaviors.
• Medtronic developed IoT-enabled solutions that help healthcare providers deliver personalized care. Medtronic is offering wireless and smartphone-compatible devices that facilitate efficient and accessible healthcare delivery.
• Medtronic migrated to Snowflake, a cloud-based data platform, to drive its digital transformation strategy. This strategy aims to modernize Medtronic's enterprise data infrastructure and data warehouse, addressing the growing demand for analytics and the need for advanced analytics and machine learning capabilities.
• Medtronic is employing AI to enhance the quality of patient care through better diagnosis of underlying health concerns. The company integrated NVIDIA's Holoscan and IGX platforms into its GI Genius intelligent endoscopy module. This integration will provide AI-enhanced diagnostic images to support physicians in detecting polyps during colonoscopies, potentially improving patient outcomes.

Reasons to Buy

• Gain insights into Medtronic's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.