Tim Czartoski on technology
From The Usefulness of Technology – A Perspective from Industry by Tim Czartoski · · Anterior Hip Foundation
“Technology is everywhere and everything that we touch, but it's connected and the connected part of it makes a big difference in terms of data collection and what we do with that data. It's not just data; it's what we do with and interpret the insights we generate.”
On , Tim Czartoski, President of U.S. Surgical and Global Product & Enabling Technologies at ENOVIS CORP, spoke about technology during The Usefulness of Technology – A Perspective from Industry by Tim Czartoski on Anterior Hip Foundation.
About Tim Czartoski
Tim Czartoski, president of U.S. Surgical and Global Product & Enabling Technologies at Enovis, delivered a talk in September 2022 at the AHF conference titled "The Usefulness of Technology – A Perspective from Industry." During the presentation, he discussed how companies evaluate and invest in medical technology. He noted that the price of technology tends to decrease over time, using the example of a Toyota Camry whose cost remained around $21,000 over 20 years despite significant digital upgrades. Czartoski stated that traditional valuation models like discounted cash flow are inadequate for technology because indirect returns are difficult to predict, and companies must instead place bets on which technologies will shift the "s-curve" of innovation. Czartoski also addressed challenges related to data in healthcare. He said that 90 percent of big data projects fail due to a lack of clear definitions for data needs and use cases. He emphasized the importance of data integrity, security, and patient ownership of data, and noted that regulatory pathways through the FDA remain a challenge. He described Johnson & Johnson's approach to innovation as relying on an open platform that includes global innovation centers