Artificial Intelligence or AI is a technology that has been making its presence felt in various industries. One industry that has benefited more than most from the implementation of AI is the pharmaceutical industry. A major area where AI can assist pharma companies is in drug development. It’s no secret that the cost to develop […]

Historically, pharma has been slow to adopt innovative technologies. Today, however, pharma companies are forced to seek out solutions that help optimize their complex processes and reduce their costs. Cloud computing is a highly attractive solution that offers a multitude of benefits without requiring a massive upfront investment. The global cloud computing market is expected […]

Clinical trials are a long and expensive process, and that’s not even including the repercussions of when delays and failures occur. According to MedicineNet, for a single drug to go from the laboratory to on the market it can take an average of 12 years. Unfortunately, that’s not even the worst of it! The average […]

An Insidesales.com survey found that 65% percent – just over half – of field sales reps at the biggest companies hit their quotas each year. Of course, this issue is problematic for all sales teams, not just those in the life science industry, but pharma companies face unique difficulties such as shifting regulations and rapidly […]

The pharmaceutical industry is nothing like what it used to be 20 years ago. Back then, most doctors welcomed industry representatives with their doors wide open. Physicians were willing to engage in conversations and were ready to learn new information about the medications the reps were there to talk about. Today, however, access to providers […]

In the past, Artificial Intelligence (AI) may have been a fancy buzzword that was constantly heard around various industries. Now, however, the term carries much more meaning, especially in the pharma industry. According to Accenture, 74% of pharma executives believe AI will result in significant improvement within the next three years. While you may have […]

It’s no secret that technology has had a major impact not only on our daily activities, but also on businesses in almost every industry. The pharma industry, in particular, has seen major changes throughout many operations due to the implementation of technology. Technology such as Artificial Intelligence has improved drug discovery while Cloud Computing has […]

Pharma companies have begun to realize that to stay competitive, they can no longer afford to conduct their business with traditional methods. A one-size-fits-all sales strategy no longer works! Pricing pressures brought on by a plethora of healthcare reforms, intensifying competition, and a hostile regulatory environment have all contributed to the industry’s shrinking revenues. To […]

Digital technology is continuing to emerge in the pharma industry – when implemented well, sales teams can customize their approach to meet the needs of specific providers and quickly adjust to market shifts. Of course, there’s still a lot of competition, even with digital technology. According to a ZS Associates Inc. survey, more than 50% […]

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