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Pharma Tech Outlook | Friday, January 28, 2022
Pharmaceutical businesses are adopting technologies like artificial intelligence, machine learning, and robotics to improve patient treatment and care.
Fremont, CA:The pharmaceutical industry has been much slow to adopt AI and digital technology than many other less-regulated industries. The COVID-19 pandemic has changed the game, requiring pharmaceutical companies to be more flexible and open-minded in their approaches to medication discovery and development, as well as managing ongoing clinical studies.
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Some of the upcoming pharma trends:
Drug discovery and development using data science
Year 2021 will be remembered as a watershed moment in the pharmaceutical industry's use of data science for drug research and development. Companies fear missing out on market opportunities if they wait for enterprise solutions to be developed; thus, data scientists are requesting cloud-first technologies that can be plugged into existing workflows quickly and simply without requiring the adoption of an enterprise solution.
Pharma invests in pharmacogenomics
Pharmacogenomics is predicted to become more important to life science researchers. This investment will go toward two critical areas: collecting genetically varied population genomic data and linking that data to deep phenomic data such as claims, structured EHR, NLP-extracted unstructured EHR, lab results, and wearable device data.
Adoption of radiomics in drug development
Radiomics, or advanced imaging analytics, will be used more by drug researchers to help guide clinical trial techniques. By leveraging radiomics, which uses artificial intelligence algorithms to analyze traditional images like CT and PET scans to create new insights into the biology of tumors, life sciences companies can develop more strong inclusion-exclusion criteria for clinical trials and more precisely predict patient outcomes.
Use of AI continues to grow in the pharma industry
The pharmaceutical industry's deployment of AI is still in its early stages. However, improvements in artificial intelligence will provide the pharmaceutical sector with fresh insights on patients and diseases in the future years. Natural language processing (NLP), Machine Learning (ML), and computer vision, in particular, will provide deeper insights into illness progression, clinical features, and outcomes, which will inform the medication lifecycle.
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