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Pharma Tech Outlook | Monday, January 27, 2020
Artificial Intelligence plays a major role in the pharmaceutical industry, and in the coming years, the adoption of this cutting-edge technology will only increase. Automated healthcare processes help in drug discovery, and AI with machine learning can bring revolution in pharma.
FREMONT, CA: AI has wide-reaching potential within the pharmaceutical industry, starting from clinical trials to marketing and sales analytics. Using a machine learning program can reduce the time spent on examining data, saving money, and permitting researchers to focus on other issues. AI allows researchers to collect and analyze data effectively and bring out the outcomes in a robust manner. AI technology shows promising growth in the life sciences and healthcare industries.
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AI in healthcare is used mainly to group the patients into various sectors, which later then is used to find the best treatment for the patients. By applying machine learning in the pharma industry, the doctors can access to a massive amount of patient's data efficiently and diagnose them better. Another important use of AI is that they can learn from vast quantities of data, monitoring and detecting hidden patterns, and predicting the future occurrences based on the collected data.
AI improves several stages of drug discovery processes. In the early stage of drug discovery, be it a preliminary screening of medicinal compounds or prediction of success rate based on a biological factor, machine learning has huge potential for various uses. Even though adopting AI brings many benefits, it also brings many challenges in the pharma industry. Due to several ways in which AI can be modeled, it can be hard to explain how it works, making adoption even harder. Although a model can be mathematically proven, its reasoning can be difficult to articulate.
Another challenge faced by pharma is the social and institutional understanding of AI. Adopting AI in the pharma industry will witness an increase in cybersecurity threats. The number of companies utilizing AI within their business will increase in the future, especially if smaller companies prove its worth.
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