Why Philips is focusing on the future of AI in healthcare.
Today, I’m talking with Roy Jakobs. He’s the CEO of Royal Philips, which makes medical devices ranging from MRI machines to ventilators. Philips has a long history — the company began in the late 19th century as a lightbulb manufacturer, and over the 100 years or so, it’s grown and shrunk in various ways. The famous lightbulb business was spun out into a separate company called Signify in 2018, which now makes and sells Philips-branded lightbulbs like the popular Hue line.
And then you can go on this improvement journey. Because, as you also know, you don’t change a company from one to the other day in full, right? There are steps you need to take. And that’s kind of the journey that we have been going on. We have seen, and you have seen, that we are very serious about it. We have been delivering our commitments. We are halfway through the plan, so we are also, for sure, not there yet. There’s much more to do and to come. But we made demonstrable progress.
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