These days the average researcher at Philips (PHG.AS) is more likely to be a software developer than an product engineer, reflecting a transformation at the former Dutch conglomerate that its chief executive says will gather pace.
“It’s a huge shift,” Frans van Houten told Reuters, noting that around 60 percent of the healthcare technology company’s R&D staff are now focused on software.
“It could rise further. It will not go to 100 percent, because we will still make products, but you could easily see that the value-add comes more out of software than hardware.”
