Industry 4.0 technology is having a major impact on how pharmaceutical manufacturers manage their facilities. New changes, powered by Industrial Internet of Things (IIoT) devices ” like internet-connected tools and sensors ” have enabled the remote control of machines and real-time facility monitoring. While still experimental, industrial IoT fleets have already … [Read more...] about How Is the Internet of Things Improving Pharmaceutical Manufacturing?
Open data sharing within the pharmaceutical industry is crucial for opening the floodgates of innovation. Successful innovation depends on having a rich supply of high-quality data because, without the right kind and quantity of data, there wouldn't be a foundation for the research required to innovate. The best way to achieve this critical mass of high-quality data is by … [Read more...] about Is Open Data the Silver Bullet for Better Drugs?
Over the years, financial industries have had a long track record of managing data and applying analytics to optimizing customer relationships and developing new services. Fortunately more and more life science companies have begun to fully embrace as well as seize upon the opportunities to organize and apply their data in a systematic way, be it drug development or patient … [Read more...] about Big Data and AI: Are They Good For Life Sciences?
Innovation doesn't always happen at a steady pace. Most often, technological revolutions happen all at once, with rapid change and disruption, often followed by a lull as people get used to the new normal. Noted futurist from the mid 19th century, Alvin Toffler, once expressed this concept as a series of waves'. In his example, each wave of innovative technology washes over … [Read more...] about AI is the Next Wave of Innovation For Life Sciences and Pharma
Big data analysis is a revolutionary tool in the modern world, and it has brought significant changes to industries ranging from healthcare and politics to insurance and sport. In this article, a big data consulting firm discusses how big data as well as wearable gadgets are now transforming the health and insurance sectors in 2017. First, let's look at how big data is changing … [Read more...] about How Big Data Bring Changes to Insurance & Health Care