Industry 4.0 is the fourth industrial revolution that focuses on the integration of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data Analytics to improve manufacturing processes and supply chain management. The healthcare industry is also adopting Industry 4.0 technologies to improve patient care and hospital operations.
The integration of Industry 4.0 technologies in hospitals can lead to several benefits such as improved patient outcomes, reduced costs, and increased efficiency. For example, IoT devices can be used to monitor patients’ vital signs remotely and alert healthcare providers in case of any abnormalities. AI can be used to analyze large amounts of patient data to identify patterns and predict potential health issues. Big Data Analytics can be used to optimize hospital operations by analyzing data from various sources such as electronic health records (EHRs), medical devices, and supply chain management systems.
According to a research paper by the University of Twente, there are various applications of Industry 4.0 in the Healthcare domain such as:
How Industry 5.0 can transform hospitals
Industry 5.0 is a new concept that aims to combine the benefits of Industry 4.0 with human-centricity. It is a new way of thinking about the future of manufacturing that focuses on the human element and how it can be integrated into the production process.
Especially, considering the post COVID era, “The New Normal”, we need to consider a human-centric solution that induces IoT and AI in healthcare. Previously, Industry 4.0 enabled mass customisation, which was not enough. Currently, the health industry is looking for mass personalisation having the human touch, so Industry 5.0 make them move from mass customisation to mass personalisation. It provides a product to the patients and healthcare professionals as per their specific requirements. This industrial revolution refers to the interaction between people and machines to make work better and faster.
Industry 5.0 is expected to benefit the healthcare industry (hospitals) in many ways. For example, it can help enhance human accuracy and deliver personalised treatment therapy that is highly effective for patients:
Overall, Industry 5.0 is still in its early stages, but it has the potential to revolutionize the healthcare industry by making it more efficient and effective. In this new normal life, a sensor with artificial intelligence will analyse the data quickly. Machines will be flexible to make high-level decisions according to patients’ needs. In the medical field, these technologies can measure and monitor the human body variable precisely as per the requirement of the patient. This helps track the body’s response with improved performance. It makes healthcare connected and accurately shares information digitally.
Digital Transformation in Hospitals
Digital transformation in healthcare is a shift from traditional models of care delivery to a new model of patient-centered, value-based care with the help of various technologies. It aims to improve quality, reduce costs, empower providers, and enhance the security of medical records. It affects every element of the healthcare practice, from clinical to logistical to institutional to public health. It also enables healthcare professionals to integrate a patient-focused approach, understand patient needs, establish loyalty and trust, and offer a better patient experience.
The four key areas where hospitals can leverage digital transformation to improve operational decision-making:
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