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Pharma Tech Outlook | Tuesday, November 24, 2020
Artificial Intelligence can be utilized for improving the efficiency of clinical trials because it can provide accurate data and process it.
FREMONT, CA: Artificial intelligence (AI) can help the pharmaceutical industry to synthesize and analyze the ever-increasing data, and big data and AI technologies come as complementary with it. The AI-based abilities consist of data integration and interpretation, evolutionary modelling, and pattern recognition. These abilities are essential for normalizing, gathering, analyzing, and harnessing the growing data that boosts modern therapy development. Due to such skills, AI and advanced analytics are witnessed as the digital technology with maximum potential for enhancing the clinical R&D productivity.
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AI even has various potential applications in the clinical trials that can be used in the near and long term. The technology helps in innovations that are significant for transforming the clinical trials like developing novel patient-centred endpoints, efficiently collaborating phase one and two of clinical trials, and gathering and analyzing real world data.
The impact of artificial intelligence on outcomes-based contracting
Earlier, many countries considered about applying the outcome-based contracting (OBC), which is based on the actual performance of the treatments and involvements in patient populations. But the perceived and fundamental challenges of implementing have prevented many companies worldwide to pursue the innovative method.
In the recent few years, the potential of artificial intelligence to predict relevant results for the patients have reduced several challenges related to OBC.
AI to change clinical trials
The AI transformation of clinical trials started with the protocol development, decreasing or replacing the outcome assessments that can be more responsive to the changes than traditional processes, and utilization of remotely connected technologies that lower the chances of patients to travel long distances for site visits.
It is also possible to reduce the expense of the trials with the data-driven protocols and strategies powered by innovative AI algorithms processing data that are gathered from mobile sensors and apps and electronic and administrative records. It can be accomplished by enhancing the data quality, detecting treatment efficacy more efficiently and reliably, and increasing patient compliance & retention.
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