New breakthroughs in drug development are leading to groundbreaking results that could change lives in 2022 and beyond. However, at the dawn of a new decade, there are major challenges facing the industry that could prevent this innovation revolution. With the rising costs and increasing complexities involved in bringing products to market, life sciences organizations are re-examining their business operations and technology adoption.
Medical device companies who wish to sell their products in their respective countries must adhere to the regulations provided by the country’s regulatory bodies for labeling medical devices. Do you know? One-third of all medical errors are caused by poor labeling. Labeling and packaging issues are the leading causes of medication errors. Instructions on medical devices or labelling are things that should be understandable to the user who reads them without any medical knowledge.
Machine Learning is revolutionizing the world of healthcare. ML models can help predict patient deterioration, optimize logistics, assist with real-time surgery and even determine drug dosage. As a result, medical personnel are able to work more efficiently, serve patients better and provide higher quality healthcare.
Data discovery, also known as data analysis for business users, is one of the top business intelligence trends for 2022. Let’s take a look at how industries like yours are making use of data analytics tools to find patterns and derive insights from data. You just might be surprised at the innovation spanning each sector.