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How and Why Pharmaceutical Manufacturers Are Applying Artificial Intelligence

How and Why Pharmaceutical Manufacturers Are Applying Artificial Intelligence
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Half of European and US Pharma Manufacturers Believe AI Can Help Bring New Drugs to Market Quicker

Half of European and US Pharma Manufacturers Believe AI Can Help Bring New Drugs to Market Quicker
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87% of Top 300 Pharma Companies in Europe and US have a Poor Digital Culture that Inhibits Innovation


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01-Jun-2021
87% of Top 300 Pharma Companies in Europe and US have a Poor Digital Culture that Inhibits Innovation
87% of Top 300 Pharma Companies in Europe and US have a Poor Digital Culture that Inhibits Innovation
Only 13% of Companies are “Digital Leaders”, Optimising Artificial Intelligence and Machine Learning
Reading, Berkshire, 1st June 2021 – 87% of pharmaceutical manufacturing companies admit they have a poor digital culture and know it holds back digital transformation and undermines revenues, according to new research by Aspen Technology, a global leader in asset optimisation software.
Conducted among 300 senior pharmaceutical industry decision-makers in the UK, US, Germany, France, Spain and Sweden, the research reveals that just 13% of organisations fit the description of “digital culture leaders”, with confidence in adopting new technologies such as artificial intelligence ( ....

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Almost half of European and US pharmaceuticals companies struggle to use data insight despite recognising its importance – PCR


Almost half of European and US pharmaceuticals companies struggle to use data insight despite recognising its importance
5 hours ago
Nearly half of pharmaceutical companies (48%) admit their competitiveness is suffering because they cannot extract or use insights from data they already have within their business.  An equal percentage (48%) admit they do not use their own data for business decisions as well as they could.
The findings are from research among 300 senior decision-makers within the pharmaceutical industry in the UK, US, Germany, France, Spain and Sweden, conducted by Aspen Technology, a global leader in asset optimisation software.
The research also reveals how poor digital capabilities hit business performance. Almost half (49%) say their companies struggle to use data effectively to improve time to market. ....

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