Founded in 1891 by Frederik and Gerard Philips in Eindhoven. Initially focused on electric incandescent light bulbs. Became largest private employer in Netherlands with over 2,000 employees
AI refers to computer systems capable of performing tasks requiring human intelligence. Modern AI includes machine learning, deep learning, and natural language processing. Many disagreements exist about whether current AI is true AI or advanced machine learning
Computer Vision enables machines to analyze images and videos like humans. Market projected to reach $50.97 billion by 2028, growing 12.56% annually. Vision systems have improved from 50% to 99% accuracy in less than a decade
IVD products diagnose, treat, or prevent health conditions through biological sample examination. Approximately 70% of clinical decisions are made using IVD products. Over 40,000 IVD testing products are available worldwide
Fourth industrial revolution drives digital health monitoring sensors. Wearable sensors monitor vital signs and physiological signals. Traditional sensors face limitations like noise and data analysis challenges
Telemetry collects and transmits measurements at remote points for monitoring. Term derives from Greek 'tele' (far) and 'metron' (measure). Systems requiring external instructions use telecommand instead