On average, it takes over 10 years and costs upwards of $2.6 billion to get a new drug from initial discovery to approval by regulatory bodies like the FDA. Moreover, processes like clinical trials are long, complex, and expensive that pharmaceutical companies must undertake to test the safety and efficacy of new medical treatments. A […]
Life sciences industry is experiencing its own gen AI revolution resulting in efficient clinical trials, accelerated dug discovery, quicker document summarizations, chatbots taking over repetitive manual tasks, and we are just getting started. When used effectively, gen AI can assist in almost all the departments and stakeholders right from R&D to commercialization of a drug. […]
Life sciences companies are under increasing pressure to develop new drugs and therapies, optimize their operations, and remain competitive in a rapidly evolving market. An effective way to achieve this is by utilizing the enormous amount of data to extract valuable insights which can fuel data backed decisions. Adopting analytics and staying updated with the […]
AI (Artificial Intelligence) is no longer a theory in our textbooks, it is now involved in our day-to-day lives. Health care companies also started to adopt AI as it is quick to analyze data and perform activities which otherwise took days to complete. The explosion of data in healthcare data and the need to make […]