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The four global forces breaking all the trends

The world economy’s operating system is being rewritten. In this exclusive excerpt from the new book No Ordinary Disruption, its authors explain the trends reshaping the world and why leaders must adjust to a new reality.

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How big data can improve manufacturing

In the past 20 years or so, manufacturers have been able to reduce waste and variability in their production processes and dramatically improve product quality and yield (the amount of output per unit of input) by implementing lean and Six Sigma programs.However, in certain processing environments—pharmaceuticals, chemicals, and mining, for instance—extreme variability is a fact of life, sometimes even after lean techniques have been applied.

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Quality Is Not An After Thought

The medical device industry is no stranger to costly recalls with serious impact on a company’s stock price, bottom line, and most importantly their reputation.

medical device companies - Quality is not an after thought

In 2010, Baxter was ordered by FDA to recall AND destroy all Colleague volumetric infusion pumps that had been sold in the market.

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The Times, They Are A-Changin’

Bob Dylan sang the song, The Times They Are A-Changin’, which was a ballad about how everything is changing.  And the times have changed quite a bit since he recorded that song.  Back in the 1960’s when he first sang the song, people were just getting accustomed to TV and to the fact that the world was big and we weren’t the only people in it. Now, 50 years later globalization has caused our world to change again.

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Healthcare’s digital future

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The adoption of IT in healthcare systems has, in general, followed the same pattern as other industries. In the 1950s, when institutions began using new technology to automate highly standardized and repetitive tasks such as accounting and payroll, healthcare payors and other industry stakeholders also began using IT to process vast amounts of statistical data.

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