The $400 Million Prize: XML Cost Savings In The Medical Device Industry
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Most manufacturers have document-based content systems and use applications like Word or InDesign to produce their labeling and marketing materials. This severely hampers their ability to standardize ...
Most manufacturers have document-based content systems and use applications like Word or InDesign to produce their labeling and marketing materials. This severely hampers their ability to standardize and reuse content. It also increases process cost and error risk.
1) Document-based systems require manual operations to create or update labeling, both in the English source and all translated versions. Research indicates that manual formatting processes are a significant contributor to the device industry’s $1 billion per year “Total Cost of Content”
2) Document-based systems are also responsible for 50% of labeling errors, the number-one cause of costly product recalls.
Increasing regulatory and economic pressures have prompted manufacturers to tackle the rising cost and risk of document-based labeling and content systems. The most effective approach uses the DITA/XML authoring standard in combination with component content management and process automation software. Device makers who successfully implement XML publishing processes are seeing 40% reductions in total translation costs and up to 70% reductions in turnaround times. Industry-wide, this amounts to an estimated $400 million in potential savings.
In addition to reducing cost, risk, and turnaround, XML publishing also enables content reuse on other platforms, such as web or tablet-based apps. Not surprisingly, an estimated 70% of large device manufacturers have some form of XML initiative underway in the form of research or internal discussion, a pilot project, or an operating implementation.
This presentation shows how XML-based publishing drives down these costs and reduces the risks facing today’s global medical device manufacturers. It includes implementation lessons learned, a real-world-savings case-study, and resources that attendees can use to evaluate the transition to XML-based publishing.
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