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It’s clear to see that data is hugely important to the pharmaceutical companies, but conflicts have arisen as to whether big data or smart data is more beneficial in pushing the industry forward. To reach the full potential of data analytics it needs to shift to being used in more creative ways. As well as this, where pharmaceutical companies get their data from is changing, as they delve into external sources, including third party providers, as well as public and social media feeds. Pharmaceutical companies that adopt the use of telepharmacy devices gets more useful results.
Yes data scientistts and epedimiologists have an important role in making decisions to manufacture
The pharmaceutical and life sciences industry has been flooded with data. Generated by the proliferation of personal medical devices, social media, and electronic medical records — but only if companies can translate it into actionable business intelligence.
Highly data-driven healthcare companies are making better business decisions.
This information can help pharmaceutical and life sciences companies give payers the real-world evidence they demand to prove the efficacy and value of new drugs and devices.
The challenge lies not in collecting this data, but in harnessing, parsing, and analyzing it to create competitive advantage. Insights and intelligence derived from fast-moving data sets can help inform strategy decisions, spur innovation, inspire new products, enhance customer relationships, and bolster operations.
AND this can only be done by Data Scientists................................ YES they certainly are very useful for pharma & biotech industry.
ACCORDING TO THE DATA AND ITS RELATION TO THE ITEMS AND DISEASES
Yes very much.
Pharmaceutical companies have always relied on empirical data in order to identify patterns, Marketing potential, Market share, Performance of the brand, test theories and understand the efficacy of treatments.
Pharmaceutical industry data scientist play a vital role provided itis manufacturer with R and D facility . Where they launch lots of brands in the markets. These skills becomes are ultilised by Brand management to start a project or launch brands to support investment potential. Later to analyse market acceptance compared to competitors brands. Unfortunatey many Pharma Reports are given ORG group. MIMS group etc. Data Scientist job can well be ultilised ORG Groups etc ( Operation Reserach Group). They derive the data and later give it in readily usable format for analysis.
Sure , they are usefull at pharmaceutical companies ,
it was very clear over the past two decades but , now
we are on the cusp of a new era of knowledge
they have to convert themself to knowledge scientists &
preparing their performance to be able to
read meaninings or help AI to feel meanings after
learning it Knowledge mining ..