Real-world applications of AI in pharma
With many examples of pharmaceutical companies using AI, we can observe real-world applications of the technology. From drug discovery to mental health innovation, real-world applications are having a sizeable impact on both health and company values.
Areas impacted include improved decision-making, reduced manual groundwork, and the improvement of pharma and healthcare systems across several areas in the healthcare sector.
Drug discovery
Pharma companies using AI are assisting in the research phase of drug development by analysing existing materials, publications, data and insights.
Drug sales
Using AI in the analysis of vast amounts of clinical data and returning actionable insights, reducing time spent on sales research.
Optimisation of clinical trials
Assessing clinical trial data, optimisation of patient matching and the design of clinical trials.
Examples of artificial intelligence used in pharma
When utilising the wide range of practical applications available, pharma companies using AI have the potential to transform key aspects of the industry while simultaneously driving innovation.
Among these uses are data management, drug discovery, and clinical trial design.
Such a range allows for both industry growth, as well as important clinical advances in real, practical terms.
GlobalData experts have estimated, with detailed and data-led forecasts, that the market for AI platforms for the entire healthcare industry will reach $4.3bn by 2024, an increase from $1.5bn in 2019.
Such growth will be mainly driven by major, leading pharma companies using AI in a range of applications. Ultimately, the pharma AI industry is forecast to reach $2.9bn by 2024.
Discover the leading artificial intelligence companies in the pharmaceutical industry
Using its experience in the sector, Pharmaceutical Technology has listed some of the leading companies providing products and services related to AI.
Amongst the leading AI in pharma suppliers are Atomwise, BenevolentAI, Cyclica, Exscientia, Recursion, Iktos, Auransa, and InveniAI.
Continue at: https://www.pharmaceutical-technology.com/buyers-guide/top-ai-companies-pharma/
The text above is owned by the site above referred.
Here is only a small part of the article, for more please follow the link
Also see:
Manostaxx – Industrial Management Consulting
