Founded in 1898, Philips has been striving for almost 125 years to provide effective solutions in the field of technology development aimed at improving the quality of life and health of people around the world. 50% of Philips research laboratories' activities are data science developments and software development. At the moment, the company has about 57,000 patents and heads the list of companies developing medical technologies in the list of "50 most innovative companies" according to the Boston Consulting Group for 2020.