Digital Transformation is Accelerating
Digital transformation, automation and analytics were top of mind when ArisGlobal recently hosted a thought leadership roundtable over challenges and topical issues within the drug safety space. Leading Safety executive leaders facing strategic challenges contributed perspectives and examples, generating a vibrant discussion. A major discussion raised by industry expert, Vikram Anand, Executive Vice President of Compliance at Eversana, was accelerating digital transformation and automation of research in biopharmaceuticals. Automation, global solutions, and trust in a digital partner are critical considerations in this dynamic industry. When assessing your problems and finding solutions, this digital mindset can include – an integration, platform approach, or a cloud-based solution supported by analytics driving insights for your decision making.
The continued discussion made clear that the life-sciences industry is shifting with many opportunities to leverage digital solutions and analytics to address considerable unmet patient needs. Whether you’re in an emerging market and focused on market development or a more mature phase looking to identify and capture potential growth segments, industry experts agree that long-term value lies in innovation-led growth, with digital and analytics at its core. The next chapter in automation should enable your organization to shift the needle from high cost and limited value to low cost and high reward.
Automation, a Critical Buying Factor
Automation continues to be an industry-wide topic, with many organizations aggressively looking to streamline processes through innovative technologies. A recent survey conducted by McKinsey & Company found that automation capability was rated by large biopharma as the most critical buying factor when choosing safety software. The challenge is sorting through the hype around automation and artificial intelligence to avoid generalized technology or exaggerated capabilities. At times the effort required to contextualize and deploy an immature solution can be comparable to that of a research project.
Digital Mindset’s High Return on Investment
Indeed, the key to successfully capitalizing on automation is identifying where it can have considerable value and then finding production-ready solutions that are already tailored to drug safety workflows and ready on day one. This strategy enables the quickest advancements in process efficiency and the highest return on investment. At ArisGlobal, we endorse this approach and embrace it as a partner to the industry. It’s evident with our LifeSphere Safety Platform, that our commitment to delivering production-ready AI addresses the highest priority problems in pharmacovigilance, allowing customers to advance their digital strategy in immediate ways. Teams deserve to save time, cost, and effort by enabling a digital mindset and strategy in pharmacovigilance organizations worldwide.
