Artificial intelligence (AI) is already making a huge contribution to the global economy, even though this development is still in its early stages. AI is a kind of turbo drive for the new digital technologies, because it enables machines to imitate human decision-making processes.
Currently, AI is revolutionizing the healthcare system, where AI-based software is increasingly becoming a part of medical procedures. Robots are providing assistance during operations, while wearables are measuring every pulse beat and transmitting the data to doctors. Moreover, researchers are developing AI that can recognize cardiovascular and blood diseases. Already today, visual scans are used for remote medical screenings.
This development is also opening up great opportunities for pharmaceutical and biotech companies, because AI is useful not only for smart medical solutions but also for the pharmaceutical development and production. In the future, software solutions that include AI are expected to help discover and exploit optimization potential that is hidden today, thus maximizing the yield of a pharmaceutical product or reducing production costs, for example.
This white paper explores how to use artificial intelligence to uncover hidden business value in the regulated pharmaceutical and biotech industries.