Clairvoyance- Many projects, one dashboard
Late-stage clinical trials have a failure rate of approximately 58%, highlighting the importance of comprehensive data to mitigate these risks.
Poor data integration can delay decision-making by 30-50%, costing biopharmaceutical companies an average of $100,000 to $500,000 per day in lost opportunities.
The average time for a drug to progress from discovery to market approval is about 10-15 years, a consolidated data view helps reduce time-to-market.
A robust pipeline analytics can assist in managing risk, securing value and sustaining growth
What is Clairvoyance?
It is a proprietary project portfolio and forecasting platform generating highly accurate and reliable forecasts that inform strategic decisions throughout your products lifecycle. Whether choosing the best asset development plan, mapping market entry strategies, navigating access and reimbursement landscapes, or optimizing supply chain operations, Clairvoyance equips you with foresight to drive commercial success.
How does Clairvoyance do it?
Clairvoyance automates project data integration, data aggregation, and summarization of crucial portfolio metrics and insights, all in one consolidated dashboard offering a consolidated view of the project portfolio for senior executives.
Additionally, it can also provide crucial financial and operational metrics such as project delivery milestone dates, development cost forecast, and revenue forecasts, with appropriate risk adjustments based on Probability of Technical and Regulatory Success (PTRS) and potential market events. The framework is technology agnostic and can be fully customized as per the organization’s unique requirements.
Many projects, one dashboard
Clairvoyance offers a consolidated view of all projects, providing executives with a powerful tool for decision-making.
Accurate forecasting for commercial success
Precision in forecasting key financial and operational metrics such as project delivery milestone dates, development cost forecast, and revenue forecasts.
Risk visibility for informed decisions
Get visibility into aggregate risks (clinical, regulatory, commercial) at each risk gate in your development cycle to understand costs and timing decisions.
Evidence based decisions
Clairvoyance helps portfolio leaders remove bias from decision making, whether it is patient forecast or revenue forecasts.
Clairvoyance for enterprise pharma
Accelerating time-to-market and maximizing R&D investments for competitive advantage
Clairvoyance offers significant advantages for large pharmaceutical enterprises by streamlining and enhancing the management of their extensive project portfolios. By automating project data integration and aggregation, Clairvoyance ensures that senior executives have access to accurate and up-to-date information in a single, consolidated dashboard.
The platforms ability to provide reliable forecasts for development costs, revenue, and milestone dates, adjusted for technical and regulatory success probabilities, equips executives with the foresight needed to allocate resources effectively, prioritize high-value projects, and mitigate risks.
Clairvoyance for small biotech companies
Data-driven decisions for advance innovative therapies, enhancing commercial success
For small biotech firms, Clairvoyance provides a critical edge by delivering high-quality insights and forecasts that are typically out of reach for smaller organizations with limited resources. By consolidating project data and presenting crucial financial and operational metrics in an intuitive dashboard, Clairvoyance enables small biotech companies to make data-driven decisions with confidence.
The ability to forecast development costs and potential revenues, while adjusting for risks associated with technical and regulatory success, ensures that small biotech companies can manage their limited resources efficiently, attract investment, and strategically plan their growth.
Features of Clairvoyance
Intuitive and user-friendly interface
Easy navigation to portfolio, forecast, projects, and goals
Customizable dashboards
Visual display of key metrics like eNPV, Prod Index, Committed Budget
Project phases and month-wise milestones
Display project distribution by therapeutic area and development phase
Why Pharma & Life Sciences Companies Should Migrate from Nintex to Power Automate
Why Pharma & Life Sciences Companies Should Migrate from Nintex to Power Automate In pharma and life sciences industries, there’s constant pressure to do more with less. Whether you are working on compliance documentation, managing clinical trials, or focusing on quality assurance workflows, automation is the key. This is the time to ask yourself a question: is your existing system delivering the scalability and agility that you need? Nintex and Power Automate both offer low-code workflow automation, customizable forms, and integration with third-party systems, but Power Automate stands out with deeper native integration into the Microsoft 365 ecosystem, including Teams, SharePoint, Outlook, and Azure services.As demands are increasing in the highly regulated industries and digital transformation is accelerating, organizations are reevaluating their decision on automation platform. If you have been thinking about migrating from your current platform or Nintex to Power Automation and are confused about making the right choice, we’re to help you out. Read on to understand how Power Automate aligns with the evolving needs of the pharma and life sciences industries and why now is the right time to make the switch.Reasons to Migrate from Nintex to Power AutomateWhen we discuss pharma workflow automation tools, it’s a must to understand control, compliance, and cost. Power Automate can be a great investment for organizations who want to modernize their operations, let’s check a few strategic reasons.Simplified integrationPower Automate has the capability to reduce the use of custom connectors and additional maintenance. Teams, Outlook, Excel, SharePoint, Dynamics 365, and other systems can be deeply integrated. It reduces manual API setups and expensive custom connectors, leading to faster deployment cycles and improved maintainability. The integration minimizes dependency on third-party middleware and external scripts, making it easy to maintain the tech space. ScalabilityWith Power Automate, you can manage a simple approval process as well as a multi-stage workflow. You don’t have to juggle between different systems for varied processes. Also, this lets you excel in fast-changing research and R&D environments. As your company grows and experiences digital transformation, Power Automate helps to support multi-site clinical operations and documentation processing. Cost efficiencyWhen you have Nintex, you might be using different licenses and even add-ons. However, Power Automate can be a cost-effective upgrade as it is included in Office 365. It means your current and upfront automation costs are coming down. Many organizations have reported a reduction in maintenance and licensing costs with Power Automate when used in conjunction with their existing Microsoft environment. Market momentumMore than 150,000 global organizations are already gaining benefits with Power Automate, making it an advanced and safe investment. Such wide adoption helps pharma organizations to have active and solid support from Microsoft. It is fostering a strong community and creating a blueprint aligned with regulated industries. Security and regulatory alignmentPower Automate has support for FDA 21 CFR Part 11, HIPAA, and GxP compliance, making it meet the documentation and high security standards in the life sciences industrial space. It means all the electronic signatures, audit trials, and digital records meet the documentation requirements. Its access controls, audit trials, and built-in logging simplify quality inspections and compliance audits. RPA CapabilitiesYou might not need complex integrations or extra tools since Robotic Process Automation is included in Power Automate. It bridges the gap between paper-based and digital processes without the need for third-party tools. It means that you can automate paper-based tasks, redundant procedures, and legacy systems. AI integrationsPower Automate delivers similar capabilities like process mining, document automation, and RPA within the broader Power Platform, often at lower incremental cost for Microsoft 365 users. Additionally, Power Automate benefits from continuous innovation, AI integration (via Copilot and AI Builder), and centralized governance through Microsoft’s security and compliance stack, making it a more unified and scalable option for organizations already invested in the Microsoft environment.You might have understood by now that Power Automate is not just an alternative to Nintex, but a smart strategic way to deal with pharma operations. Now let’s learn how to migrate to Power Automate so you get all the benefits. Practical Tips to Convert Nintex Workflows to Power AutomateThe transition doesn’t mean that you have to start over completely. We have a roadmap here to help pharma companies move confidently and efficiently. Prioritize current workflowsAudit all the existing Nintex workflows and figure out which ones are outdated, redundant, and critical. You need not have to migrate everything, instead, a few can be retired. The step prevents unnecessary shifting of traditional processes, thus saving effort and time and letting you focus on what drives value to the business. Optimize workflowsBoth systems have trigger-based licensing, which means you’ll experience more efficiency with fewer triggers. So, engage your stakeholders in optimizing workflows before you move them. It also eliminates duplicate procedures, leading to a more effective and leaner environment. Select licensing modelYou can come across multiple licensing options with Power Automate. Even Office 365 license covers a set of required features. So, read through them and select the right model as per your needs. Do consider per-flow and per-user plans based on the automation of individuals or departments. Use templatesYou can go through a collection of templates for simple workflows. These cover varied scenarios, including document approval, lab request workflows, and CAPA management, which are common in the life science and pharma industries. There are even pre-built components that can be leveraged to reduce the development time and accelerate deployment. These templates serve as blueprints for complicated workflows and speed up deployment times. Manage complex workflowsYou may employ developments to understand complex and highly regulated flows, including CAPA processes or clinical trials. This step helps to maintain auditability standards and industry protocols. Implement migrationPlan migration in multiple phases so that continuity is not cut. You can seek help from experienced consultants or IT teams for a smoother transition. Rollouts in phases even give you feedback from users to fine-tune before deployment. Test and validate The last step is to test every workflow and document it. Check all the document changes and ensure compliance needs are met before going live. It helps to avoid any post-launch errors and smoothens the rest of the processes. You can even include change control logs and validation scripts to ensure audits evenSwitching to Power Automate doesn’t mean you have to disrupt the ongoing operations. Using the right approach is needed so you can streamline the processes. Benefits of Power Automate in Life Sciences & Pharma IndustryThe life sciences and pharma industry cannot compromise on compliance and flexibility. Companies need a platform that not only saves time but also works on intelligent automation. That’s where Power Automate offers immense help. Compliance-first architectureAs already mentioned, Power Automate meets all the compliance requirements, including those related to audit trials, data protection, and electronic signatures. These automation processes will not become a liability for you during inspections or audits. In-built templatesThe platform includes ready-to-use case templates for lab request handling, document routing, SOP reviews, trial enrolment tracking, and many more. This saves a great amount of time and lets you focus on tasks that are of more value. Smooth collaborationPower Automate helps you with task routing between QA, R&D, commercial, and manufacturing regulatory teams, thus automating communication and streamlining workflows. It reduces compliance delays and follow-ups and brings transparency to the workflow. AI-Powered workflowsThe platform has an AI builder that lets you train models, automate decision-making, and extract important titbits from the most comprehensive documents. You do not have to learn or write the code, as Power Automate does everything required. Data capturing and reportingNo more manual updating tasks and the risks of errors as Power Automate pulls data (both structured and unstructured) from ERP systems, LIMS, CRMs, and Excel sheets, and does most of your manual tasks in no time. It also supports Power BI integrations and dynamic dashboards for compliance insights in real-time. Mobile accessIn the life sciences and pharma industry, there is always an ongoing requirement for approvals in real time from different places. This is sorted, and you need not spend time waiting, as Power Automate enables workflows on mobiles, efficient for remote labs and field teams. Actions related to batch release and SOP reviews can be approved in time, thereby saving time. So, whether you need to manage pharmacovigilance workflows or speed up SOP approvals, Power Automate has the required tools that improve your accuracy and speed in the pharma world. Power Automate is a regulation-ready, scalable, and modern solution customized as per the changing requirements of the life sciences and pharma industry. From collaboration to compliance, you can find everything in one place to reduce complexities and costs that are otherwise associated with other systems. With the migration to Power Automate, you can ensure smarter automation, agile workflows, and future-proof procedures across departments. Ready to migrate but unsure about it?Connect with our expert team so we can craft a customized roadmap and ensure you have a seamless transition to Power Automate. Sources:https://learn.microsoft.com/en-us/azure/compliance/offerings/offering-gxp
Executive dashboards for pharmaceutical companies
Executive dashboards transform pharmaceutical decision-making by consolidating critical data into real-time, visual insights across R&D, sales, and operations. These empower leaders with accurate, actionable analytics to streamline workflows, forecast revenue, and accelerate drug development.What is an Executive Dashboard? Executive dashboards are business monitoring tools used to track performance across Research & Development, Commercialization, and Sales & Marketing. They provide a single visual representation of KPIs and critical metrics relevant to business. These dashboards serve as a centralized hub, aggregating data from various departments such as sales, research and development, manufacturing, regulatory compliance, and more. Let us dive deeper into pharma Executive Dashboards Pharma projects are complex and extensive, and each drug may take up to 10-15 years to reach the market. In such a scenario, there would be huge amounts of data to analyze while making crucial decisions such as setting priorities in resource allocations, calculating pre-commercial revenue forecasting, analyzing market trends to design the most profitable commercialization strategies. Manual processes often cause errors and are time-consuming. They may also not have the capacity to retrieve real time data breaking data silos and disparity. Digital solutions tailor-made for specific business needs not only solve data silos and disparity problems,but also save time by reducing manual efforts. Cloud computing ensures scalability, and machine learning enhances forecasting in Pharma Portfolio Dashboards. These dashboards are accessible on various devices and have strong security measures. Customization options cater to specific organizational needs in Pharma market research, fostering insightful analytics. Digitalized Pharma Portfolio Dashboards are the best example of how technology can foster confident data-backed decision-making. How Portfolio Executive Dashboards are helpful in Pharmaceutical Industry? Portfolio Executive Dashboards play an essential role in enabling decision-making within the pharmaceutical industry. These sophisticated solutions provide a consolidated view of critical performance indicators, integrating data from various facets of the business. Pharma Executive Dashboards enable smooth informed decision-making for executives, offering insights into sales metrics, research and development progress, manufacturing efficiency, and regulatory compliance. Pharma executive dashboards serve as real-time visual representations, allowing executives to identify trends, assess risks, and capitalize on opportunities seamlessly. By incorporating pharma market research analytics, these dashboards not only offer retrospective insights but also guide future strategies, ensuring portfolios align with evolving industry trends and customer needs. Types of Pharma Executive Dashboards These executive dashboards leverage data visualization and analytics to provide decision makers with a holistic view of various aspects. Here are some types of executive dashboards used in pharma portfolio analysis: 1. Project Portfolio Management (PPM) Dashboard The Project Portfolio Management (PPM) Dashboard streamlines project oversight by offering a snapshot of project status, resource allocation details, risk tracking, financial insights, and an overall health score. This concise executive dashboard facilitates proactive management, ensuring optimal resource utilization and budget adherence. The portfolio health score, derived from key performance indicators, provides a quick assessment of the project portfolio's overall well-being, empowering decision-makers with essential insights for strategic and effective portfolio management. 2. Revenue Forecasting Dashboard The Revenue Forecasting Dashboard is a pivotal tool for strategic decision-making in revenue planning and strategy development by providing real-time sales projections. Through market trends analysis, it integrates competitor insights, market share data, and identifies emerging opportunities or threats, and ensures a focus on sales volume, market penetration, and customer feedback. 3. Clinical Development Dashboard The Clinical Development Dashboard offers insights into trial progress and timelines, providing a detailed overview of milestones and potential delays. Patient recruitment metrics track recruitment, helping to identify challenges and opportunities for improvement. It ensures adherence to regulatory requirements, guaranteeing a robust clinical development process. Safety and adverse event reporting keeps a vigilant eye on trial safety and provides timely monitoring and reporting for effective risk management. 4. Supply Chain Management Dashboard Supply Chain Management Dashboard ensures seamless operations offering real-time insights into inventory levels and guarantees adequate supply to meet demand. Supplier performance is rigorously evaluated, tracking delivery times, product quality, and compliance with regulatory standards. Leveraging historical data and market trends, the demand pharma forecasting feature optimizes product availability, enhancing overall supply chain efficiency. Benefits of Digitalized Executive Dashboards for Pharmaceutical R&D Technology backed executive dashboards offer a myriad of benefits for pharmaceutical Research and Development (R&D) organizations, enhancing efficiency, transparency, and decision-making processes. It includes: A comprehensive and real-time overview of R&D activities, consolidating Key Performance Indicators (KPIs) such as project timelines, resource utilization, and success rates.By centralizing data from various R&D processes, executive dashboards enable decision makers to identify bottlenecks, allocate resources effectively, and streamline workflows. This enhanced visibility facilitates proactive decision-making, allowing organizations to respond swiftly to challenges and capitalize on opportunities.Executive dashboards help in monitoring the progress of clinical trials, ensuring adherence to timelines and regulatory requirements.They enhance collaboration by providing a shared platform for cross-functional teams. This fosters communication and alignment of goals, accelerating the pace of drug development.With an executive dashboard, decision makers can quickly access and analyze a comprehensive view of the entire pharmaceutical portfolio. This expedites the decision-making process as executives can make informed choices based on up-to-date information, reducing delays, and improving overall efficiency.Automation reduces the reliance on manual data entry and manipulation, significantly decreasing the chances of human errors. This ensures that the data presented on the analytics dashboard is accurate and reliable, providing executives with confidence in their decision-making. As a pioneer in pharma data analytics and visualizations, team i2e engineered Clairvoyance- a custom Executive Dashboard Application tailored specifically for the pharmaceutical industry. This application offers a consolidated view of the client’s R&D project portfolio, providing executives with a powerful interactive tool for data-driven decision-making. This custom solution delivers a robust data quality verification platform and offers the analysis and visualization features needed to tackle the various problems the client was experiencing. The Clairvoyance custom dashboard platform can help the R&D leaders to align portfolio performance with their business goals. i2e Consulting helps global pharmaceutical companies to access insights and prepare decision dashboards tailored to their unique business requirements. Embrace the power of Clairvoyance, a cutting-edge decision management solution. Contact us now and seize the future of pharmaceutical innovation by optimizing, strategizing, and thriving with Clairvoyance.
How digitization in SMB pharma can reshape the industry
In recent years, the pharma industry has witnessed a noticeable rise in the number of small and medium-sized pharma companies (SMBs) in drug development. However, many SMBs face operational issues and competitive pressures which are major roadblocks to showcasing their full potential. Digitalization innovation in SMB pharma could be the answer to some of these issues, as it can help SMBs to achieve not only operational efficiencies but also assist in making informed decisions, better data management, and cost-cutting. In this blog, we will tell you about the various areas where digital innovation in SMB pharma can happen. Drug discovery Drug discovery is a complex process that involves numerous time-consuming steps. It is also one of the major undertakings for pharmaceutical companies which has a low success rate. Technology can help companies to accelerate certain mundane tasks in the drug discovery process, thus helping them to focus on other core activities. So, what are the possibilities for digitalization in the drug discovery process? Deep learning algorithms to predict the molecular properties of chemical compounds. Machine learning helps in decreasing drug failure rates during clinical developmental stages.Neural networks can automate challenging tasks like distinguishing diseased cells from healthy ones.Neural networks are also helpful in predicting the absorption, distribution, metabolism, and excretion (ADME) of molecular compounds.Algorithms can also predict new ideas for molecules that can be useful to treat new diseases. This helps the drugs to reach clinical trials much quicker.Clinical trials The clinical trials process is crucial for a drug to reach the consumer, however, the average dropout rate of a drug from a clinical trial is almost 30%. SMBs can minimize this dropout rate by including technology in the various aspects of clinical trials. Data science and natural language processing can be used to scan huge medical databases and extract useful information to optimize the clinical trial process.Electronic health records (EHRs) have become the new standard that can reduce errors, enhance workflow efficiency, and refine healthcare coordination.Digitalization of the patient's health records made it easy to screen and select accurate patients for the clinical trials.A combination of cloud software and wearable devices helped monitor patient vitals and alert the medical professionals about any anomalies.Specialized applications can decentralize the clinical trial process, which may help in improving patient satisfaction and engagement.Drug Manufacturing Small and medium-sized pharma companies often battle with operational issues such as lower capacity utilization, quality control, and breakdown issues in the plant. Technology can help organizations bridge the gaps and achieve operational excellence in drug manufacturing. Here is how you can do it Internet of Things (IoT) helps in connecting all the stake holders in real-time. This will help SMBs to make sure the high demanded drugs are manufactured at the right time.IoT sensors embedded in the manufacturing units can pave way for predictive analytics.Data analytical tools enable real-time monitoring of critical variables of the production line.Getting real-time data from all the manufacturing equipments provide valuable data for making data-driven decisions to achieve superior quality control.Commercialization Effective commercialization process ensures the drug reaches the right consumers at the right time. The traditional drug marketing process is time taking and is not based on real-time information. Multi-channel marketing automation can provide many consumer touchpoints and deliver personalized marketing messages. You can market your drugs better using technology as below. AI-powered analytical solutions can predict consumer behaviours, this might help the customer representatives to schedule the meeting with the right doctor at the right time and place.Digitalization helps to consolidate all the pharma marketing workflows into one system, which allows anyone in the sales channel to get the full picture.Using analytics, sales representatives can segment doctors and send customized marketing messages.Digital solutions can also help sort, clean, and tabulate the huge marketing data making it easy to get actionable insights.IT Requirements One of the major hindrances for pharma SMBs to adopt digitalization is the lack of IT skills and knowledge. Pharma companies need not spend time and effort learning IT skills, they can partner with IT consulting companies to do the work for them. This way the SMBs can focus more on their core business activities. Here are some IT services that can help. IT service partners can help set up the cloud infrastructure and integrate your legacy systems into it.They would implement some of the best practices of IT when it comes to data management and security.From employee onboarding to exit, the IT services partner can handle all the requirements related to technology.They would also provide support, maintenance, and would also guide you through all your IT requirements. Going forward digital transformation in the pharma industry is going to be the norm. The companies that can adapt to these changing circumstances will have an edge over others on the market. With new diseases coming up, the pharma industry is under a lot of pressure to create affordable drugs with a quick turnaround time. However, the pharma industry is also one of the few industries that is governed by stringent rules and regulations. Digitalization can also help SMBs to stay compliant with the regulations while achieving operational excellence and a good turnover rate. Need for information on SMB pharma digitalization? Connect with us.