13/11/2020
[How AI Optimizes Patient Data Insights In The Pharmaceutical Industry?]
Patient data insights, together with AI and Machine Learning, is a booming industry for Big Data companies focusing on the pharma segment. Bringing new medications to the market is incredibly costly and time-consuming. It can take 10 years or more and upwards of $2.6 billion to bring a viable drug to market while also meeting regulatory and safety requirements. Furthermore, the total amount of data stemming from healthcare and clinical trials is more disparate and expansive than ever before, growing by 878 percent since 2016. Put simply, there is too much for drug developers to manually process.
How can biopharma companies shorten timelines for developing and distributing new treatments and vaccines globally?
https://aithority.com/technology/analytics/how-ai-optimizes-patient-data-insights-in-the-pharmaceutical-industry/
Patient data insights, together with AI and Machine Learning, is a booming industry for Big Data companies focusing on the pharma segment.