The healthcare industry has undergone tremendous reform over the last decade. The life sciences and pharmaceutical industries have felt the effects of those growing pains as well.
The U.S. alone holds over 45 percent of the global pharmaceutical market, making it imperative to stay ahead of trends and requirements.
Increasing competition and legislation, has required pharmaceutical companies to look at streamlining operations, increasing productivity and making data more readily available.
Let's be honest, the amount of data available to us can easily become overwhelming. So, don't worry, you're not alone!
Close to 90% of data globally has been created only within the last two years.
Over 2.5 quintillion bytes of data is produced every single day. On top of that, the volume of data is expected to grow by 800% over the next five years. That's a lot of data available, but what can you do with that data?
Of all that data, 80% of it isn't constructed. That leaves possibilities for inconsistencies, non-standardized units, formats and systems of measurement.
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