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
CANADA
  • US
    • US
    • EUROPE
    • APAC
    • CANADA
    • LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
×
#

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

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

How New Technologies are Helping Life Science Companies

Life Sciences Review | Monday, October 19, 2020
Tweet

The life science companies focus on new emerging technologies to quickly adapt to the changes in a business. 


FREMONT, CA: The life science sector has always been driven by research and innovations with the help of advanced drug development, opportunities for medical advancements, and huge investments to expedite drug launches. With significant investments in drug discovery, research, and development, life science organizations are successfully changing the areas of business intelligence, analytical abilities, and data management. The sector is conducting such a transformation with artificial intelligence, natural processing language, digital transformation, machine learning, and automation. 


Regardless of their sizes, life science companies are prioritizing modernization of IT infrastructure, digitalization, and cloud. Most of the large-scale life science companies are moving forward from traditional methods to the cloud-based solutions. 


Developing Data Technology Trends Effecting Life Sciences Industry


The life science companies prioritize increasing their trust in IT applications, generating data quality reports, highlighting adverse impact notifications, capturing data quality statistics, and allowing automated alerts. Before relying on business dashboards, business users, executives, and data stewards look for data quality alerts. 


The life science companies are also investing more in automated and configurable data quality solutions to adopt various business changes easily. 


Getting accurate data in life science is important because the common challenges affecting business decisions are related to the low quality of data, lack of visibility on data quality, and limited and manual validations. 


REFINE DATA STRATEGY


The tactical role of data assets and value increases rapidly due to the diversity of data assets, increasing complexity due to data quality issues, the kind of analysis business users and data scientists are looking for, and the speed for developing insights from data assets. 


The life science companies know that the present ecosystem is complicated and decentralized with fragmentation and proliferation of siloed environment and reporting stores, restricted access to data with consistency and efficiency that can restrain analytics abilities, and function focused. Here are some of the challenges related to data strategy.


• Inefficient operations                    


• Lack of effective reporting and analytics platform hinders data discovery and more profound insights


• High maintenance cost for duplicate instances


• Lack of effective reporting and analytics platform hinders data discovery and more profound insights


• Sub-optimal operationalization to a diverse set of end-users hinders innovative data discovery and more in-depth insights


See also: Top Life Sciences Technology Companies


Weekly Brief

loading
Towards a New World Order
> <
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue

Read Also

The Role of AI in Accurate Medical Writing

Patrik Renblad to Join Cantargia as Chief Financial Officer

Overview of the Life Sciences BPO Market

Dr. Zamaneh Mikhak Joins TFF Pharmaceutical as the New Chief Medical Officer

The Significance of AI in Medical Writing

The Importance of Technology in Multinational Clinical Research

Hepion Pharmaceuticals to Get a Total of $ 3.2 Million in Non-Dilutive Financing

Benefits that Medical Writing Offers

Loading...

Copyright © 2023 Life Sciences 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/how-new-technologies-are-helping-life-science-companies--nwid-135.html