CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
lifesciencesreview
US
EUROPE
APAC
LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
  • About
×
#

Life Science Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Life Science Review

Subscribe

loading

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

How Cloudbased Lims Helps Cros

How Cloudbased Lims Helps Cros

MMS Holdings Announces New Pro-Bono Support Program

MMS Holdings Announces New Pro-Bono...

Syneos Health and Science 37 Announce Strategic Partnership

Syneos Health and Science 37 Announce...

Inotiv Secures MilliporeSigmas BioReliance Genetic Toxicology Assets

Inotiv Secures MilliporeSigmas...

Avance Appoints New Business Development Manager APAC

Avance Appoints New Business...

The Growing Demand for Contract Research Organizations

The Growing Demand for Contract...

The Potential for Artificial Intelligence in Clinical Trials

The Potential for Artificial...

Craig Lipset Joins Member and Executive Advisor of MedVector

Craig Lipset Joins Member and...

How Cloudbased Lims Helps Cros

How Cloudbased Lims Helps Cros

MMS Holdings Announces New Pro-Bono Support Program

MMS Holdings Announces New Pro-Bono...

Syneos Health and Science 37 Announce Strategic Partnership

Syneos Health and Science 37 Announce...

Inotiv Secures MilliporeSigmas BioReliance Genetic Toxicology Assets

Inotiv Secures MilliporeSigmas...

Avance Appoints New Business Development Manager APAC

Avance Appoints New Business...

The Growing Demand for Contract Research Organizations

The Growing Demand for Contract...

The Potential for Artificial Intelligence in Clinical Trials

The Potential for Artificial...

Craig Lipset Joins Member and Executive Advisor of MedVector

Craig Lipset Joins Member and...

Here is How Data Analytics is Leading the Way for CROs

Life Sciences Review | Wednesday, June 23, 2021
Tweet

Today, improving data access is a major driver for outsourcing. CROs use complex data analytics software to break down data and deliver relevant insights to the medical profession, allowing them to make life-or-death decisions.


FREMONT, CA: Clinical trials are now a complex set of operations that collect massive amounts of data from different platforms. The medical business has difficulty swiftly and easily access synthesized data as the clinical sector expands rapidly, with more trials and increasingly rigid rules governing those studies. Contract Research Organizations (CROs) manage a substantial portion of the medical industry’s trials, and CROs, in turn, rely on data analytics software to make their jobs easier.


The medical industry is dealing with an influx of data and the growing number and complexity of trials, globalization, and more strict regulations. Intricate data analytics software and systems are used to track patient information, manage inventory, capture patient images, enter medical records, detect issues, and provide trial stakeholders with a comprehensive understanding of trial performance across the entire clinical portfolio to handle this unprecedented amount of data rushing through the medical community’s gates.


The pharmaceutical sponsor and the CRO form a partnership through outsourcing. As a result, tools that will assist the two parties in collaborating efficiently are required to succeed in this relationship.


  Comprehensive informatics solutions can bridge the gap between sponsors and CROs, remove bottlenecks, and identify the most important data sources for the research.CROs must invest in best-of-breed platforms and technology to provide their pharma sponsors with the best data-driven decision-making skills.


Today, improving data access is a major driver for outsourcing. CROs use complex data analytics software to break down data and deliver relevant insights to the medical profession, allowing them to make life-or-death decisions. Particularly in the case of trials with emerging biotech firms’ access to data and the interpretation of that data plays a key role in efficient site selection, optimizing recruitment, and recognizing study-eligible patients, which of course, can vastly increase the chances of success and better patient outcomes.


CROs are expanding their service offerings and transitioning to become technology platform suppliers. Big data analytics software has become the crowning jewel of CRO services, offering visible, interactive dashboards to allow for faster decision-making and deeper investigation of the data. The ability to properly manage, analyze, and obtain insights from data is becoming a more compelling reason for the medical industry to outsource research to CROs.


See Also: Top 20 Medtech Companies


Weekly Brief

loading
Top 10 CROs - 2021
> <
  • Regulatory Services 2022

    Top Vendors

    Current Issue
  • Clinical Stage Biopharmaceutical 2022

    Top Vendors

    Current Issue
  • Clinical Trial Management 2022

    Top Vendors

    Current Issue
  • Clinical Trial Management 2022

    Top Vendors

    Current Issue
  • Regulatory Services 2022

    Top Vendors

    Current Issue
  • Clinical Stage Biopharmaceutical 2022

    Top Vendors

    Current Issue
  • Clinical Trial Management 2022

    Top Vendors

    Current Issue
  • Clinical Trial Management 2022

    Top Vendors

    Current Issue

Read Also

Everything You Need to Know About Medical Lab Equipment and their Applications

Everything You Need to Know About Medical Lab Equipment and their Applications

Lung Cancer patients can see improved results with Immunotherapy along with Chemotherapy Before surgery.

Lung Cancer patients can see improved results with Immunotherapy along with Chemotherapy Before surgery.

Here's The List Of Top Biotech Stocks To Buy In 2022

Here's The List Of Top Biotech Stocks To Buy In 2022

Efficacy and Safety Data by Entasis Therapeutics from Landmark Phase 3 Attack Trial

Efficacy and Safety Data by Entasis Therapeutics from Landmark Phase 3 Attack Trial
How Does Biotechnology Help Humans?

How Does Biotechnology Help Humans?

The several benefits Of Agricultural Genome Editing

The several benefits Of Agricultural Genome Editing

2027 Might See a Market Growth of Third-party Logistics at a CAGR of 7.1 percent

2027 Might See a Market Growth of Third-party Logistics at a CAGR of 7.1 percent

A Week To Celebrate The Significant Role Of Clinical Lab Professionals In Healthcare

A Week To Celebrate The Significant Role Of Clinical Lab Professionals In Healthcare
Loading...

Copyright © 2022 Life Science Review . All rights reserved. |  Subscribe |  About Us follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.lifesciencesreview.com/news/here-is-how-data-analytics-is-leading-the-way-for-cros--nwid-410.html