Pharma companies are working hard to build effective patient access programs and implement an effective commercial strategy around it.
Expiring patents and competitive pressures are challenges. Companies need to explore opportunities with the help of the vast amounts of data they own. Big Data and Analytics capabilities are helping companies define that strategy and execute a plan, which will help them succeed.
Facts and figures below emphasize the need for a well-planned analytics strategy.
Innovations in digital technology have transformed and re-calibrated industries including life sciences and pharma around the world.
One of the main aspects of the pharmaceutical industry is clinical trials and clinical trial management system. The purpose of conducting a clinical trial is to identify drug efficacy while ensuring human safety.
With populations aging and chronic illnesses growing, the Life Science industry is undergoing a massive transformation.
According to an Infosys research, for businesses to make the most of this change, they need to focus on renewing their existing systems and processes.
They also need to add new technological advancements to gain maximum value from their business operations.
Avirup Basu | June 7, 2018
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Anupam Nandwana | January 5, 2018