When AI meets life sciences

STUDIES ON DIGITAL adoption in healthcare companies have shown them to be enthusiastic with the uptake of blockchain and IoT, but often slow in manufacturing and supply chain resulting in limited outcomes.

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A survey by Cognizant found that while 71% of life sciences organisations had planned manufacturing as the primary focus for digital innovation, only 10% had moved beyond planning to implementation. These findings highlight the importance of following through tech investments with robust execution plans.

With tech access being available to all companies, only those firms who move with speed and adapt their processes to changes in technology, market needs and regulatory requirements would be able to stay ahead of their competition Recognising this, many organisations have started inducting AI in their business models to create compelling value propositions for their customers.