DESIGNING FOR VALUE, USING ANALYTICS OF MEDICAL DEVICE FIELD DATA
The engineering design process outputs plans for a product, to be sold to the customer. However, the ultimate objective is the desired impact that the product delivers throughout its life, after this transaction. If the impact of design decisions can be forecasted, and if this impact can be mapped to some model of Value, then design decisions may be modelled to deliver a net ‘Value’ gain. Using the example of infusion device reliability, this paper outlines a framework within which it may be possible to derive Value-based design support, from predictive analytics of medical device field data.