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25DB




Products & Services Medical Affairs Data Management and Biostatics

Current and Future Applications of Artificial Intelligence (AI) in Medical Affairs

ID: 5707


Features:

30 Info Graphics

55 Narratives


Pages/Slides: 40


Published: 2021


Delivery Format: Online PDF Document


 

License Options:


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  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: Click here to review a complimentary excerpt from "Current and Future Applications of Artificial Intelligence (AI) in Medical Affairs"


STUDY OVERVIEW

Medical Affairs leaders are grappling with how best to leverage artificial intelligence (AI) technologies for maximum impact. While the advancement of AI presents many opportunities for Medical Affairs to enhance its strategic value, the current use of AI is still in its nascent stages.

In this critical benchmarking study, Best Practices, LLC examines both current applications of AI within Medical Affairs today, and also innovative uses that will drive AI strategy over the next three years. This document explores key AI strategy and operational components, including business opportunities for Medical Affairs, working with consultancies and/or software vendors, measuring success, navigating regulations, structuring, staffing, and innovative opportunities for Medical Affairs using artificial intelligence.

Medical Affairs leaders can use the benchmarks and insights in this study to understand the current landscape, identify gaps and opportunities, and accelerate the adoption of AI within their organizations.



KEY TOPICS

  • AI Opportunity in Medical
  • Working with Consultancies and/or Software Vendors
  • Evaluating Success
  • Navigating the Regulatory Landscape
  • Structure and Staffing
  • Opportunities Ahead


SAMPLE INFORMATION CHARTS/NARRATIVES

I. Business Opportunity
  • Setting the AI mandate
  • Using AI to capitalize Medical Affairs’ strategic value
  • Ethical transparency in the use of artificial intelligence

II. Opportunity Engagement
  • Factors influencing pharma decision to work with a consultancy and/or a software vendor
  • Project need success story
  • What pharma looks for in a consulting company
  • Pharma success story around the use of consultants
  • What pharma looks for in a software firm
  • Pharma success story around the use of software firms
  • Why and when consultancies build internal software capabilities or acquire software firms
  • Payment models
  • Success story around payment methods

III. Measuring Success
  • Boosting productivity and output in Medical use of AI
  • Three A’s for KPI formulation

IV. Regulatory Environment
  • Compliance partnership best practices
  • Maintaining strict compliance with requirements that vary from region to region and country to country
  • Regulatory and data privacy

V. Building Staff and Structure
  • Consultancy staffing model
  • Core team: Fundamental to success
  • Core team: Filling leadership ranks
  • Core team: Expanding analytic team
  • Collaboration to get powerful insights
  • Collaboration to fill in Medical Affairs’ gaps
  • Offshoring

VI. Opportunities Ahead
  • Artificial intelligence as a means to improve insights
  • Creation of new roles and processes as AI permeates Medical Affairs
  • AI research trends impacting Medical Affairs' use of AI tools

METHODOLOGY

Best Practices, LLC conducted 11 deep-diving interviews with 4 bio-pharma leaders, 4 software/AI firms, and 3 consulting agencies, supplemented by 2 consultancy published secondary sources.

Industries Profiled:
Health Care; Pharmaceutical; Technology; Medical Device; Consumer Products; Consulting


Companies Profiled:
Eisai; Sorcero; Huma.AI; FERMA.AI; Baxter Healthcare; Novartis; Takeda Pharmaceuticals; NextGen Healthcare; ZoomRx

If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.