How Pharma Is Utilizing AI and Analytic Capabilities to Produce Positive Results

Abhinav Anand | July 7, 2022 | 1014 views | Read Time : 1 min

How Pharma
Applications for AI are as diverse as the industries that employ them, and pharma has identified the particular varieties of AI that are most effective in attaining quicker, more fruitful results across a variety of business activities. In a world where every second counts, pharma and biotech businesses are under pressure to shorten the time to insight and deliver success. As a result, leading organizations quickly realize the potential of artificial intelligence (AI) as a crucial tool for advancing their operations.

Leading pharma and biotech firms have realized the potential of AI and are utilizing it to boost productivity and innovation across the board, from production to drug discovery. Their procedures have significantly benefited from the application of machine learning (ML) and natural language processing (NLP), and the results are only becoming better because AI gets stronger and "smarter" the more data it processes.

Advantages Pharma Industry Can Leverage

  • Increased effectiveness across the spectrum in the pharmaceutical industry
  • Drug discovery accelerates
  • Superior disease surveillance, detection, and prevention
  • Clinical trials with lower risk
  • Greater insight into the client

NLP is used to turn clinical trial data that is text-intensive and highly categorized into the data utilized in machine learning (ML) models, allowing the computer system to apply patterns to the data and generate insights. Clinical trial data is structured and enriched, making it possible to analyze and visualize the data for use in successful plans and strategies for clinical trial design, manufacturing, marketing, and other areas. Faster time to insight and improved business outcomes are the end results.

A particularly true principle of machine learning applications is that the outcomes from using AI applications are only as reliable as the data itself. The Pharma Intelligence offering, which combines high-quality, extensive data from the pharmaceutical and biotechnology industries with advanced analytics and AI applications, has assisted customers with high-value products in resolving some of their most difficult key problems, including target prioritization, modalities innovation, competitive benchmarking, clinical trial design and deployment, and more.

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Pharmacy Choice, Inc. is an online pharmacy community and application service provider/professional services company serving the pharmaceutical industry. Our pharmacy community web portal provides pharmacists, pharmacy technicians, pharmacy job seekers, students and others with the most comprehensive suite of web-based tools and info available, including pharmacy career services, RX drug information and continuing education for pharmacists.

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