A Modern
Beauty & the Beast of Pharma
Clinical trial
cost reduction is often at an antithesis to the patient engagement efforts that
the pharma industry is seeking to embrace. We are encouraged nonetheless by a
paradigm shift in corporate analytics and smarter data management systems being
integrated into executive decision making at all levels of the pharma value
chain. Ever since the Internet came to the fore, Moore's Law has not left
healthcare isolated - the richness and speed at which medical information is at
our disposal, has been driven exponentially by innovation in areas of
smart-system genomics, computer-aided drug design, electronic medical records,
FT-medical imaging and adverse event reporting to name just a few. The pharma
industry may have reached that pinnacle where it can derive cost reduction
benefits from pushing Moore's law in fast acquisition, analysis, implementation
and visualization of diverse and terabytic data sets uploaded to cloud-based
platforms that can empower the best outcomes for the patient. As long as
Moore's Law holds we can always anticipate the patient's needs to be met cost
effectively yet hopefully with the engagement aspect not eroded.
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