{"id":15905,"date":"2021-06-21T20:05:25","date_gmt":"2021-06-21T14:35:25","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=15905"},"modified":"2021-12-29T14:53:15","modified_gmt":"2021-12-29T09:23:15","slug":"artificial-intelligence-ai-pharmaceutical","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/artificial-intelligence-ai-pharmaceutical\/","title":{"rendered":"AI is here to stay. It’s time the Pharma industry woke up to it"},"content":{"rendered":"

When discussing the future of any industry, it is difficult to avoid mentioning Artificial Intelligence (AI).<\/span>\u00a0<\/span><\/p>\n

AI has revolutionized how scientists discover new treatments, combat diseases, and more in the pharmaceutical and biotech industries in the last five years.<\/span>\u00a0<\/span><\/p>\n

To help deliver safe, reliable pharmaceuticals to the market, the pharmaceutical industry has traditionally depended on cutting-edge technologies.<\/span>\u00a0<\/span><\/p>\n

AI is a term used in the pharmaceutical industry to describe the use of automated algorithms to do tasks that previously required human intelligence.<\/span>\u00a0<\/span><\/p>\n

With the latest outbreak, pharmaceutical companies are under more pressure than ever to produce treatments and vaccines to market as soon as possible.<\/span>\u00a0<\/span><\/p>\n

According to\u00a0<\/span>Gartner<\/span><\/i><\/b>, \u201c<\/span>As far as enterprise artificial intelligence projects are concerned, the COVID-19 pandemic was just a minor bump in the road.\u00a024% of business and IT professionals surveyed said they increased AI investment during the pandemic, and 42% kept investment at the same level.\u00a0Driving current AI investment has been customer experience and retention, revenue growth, and cost optimization.\u00a0Those areas of focus are likely to continue as new projects are initiated in the post-pandemic business world, which will be rich with AI investment<\/span><\/i><\/b>.\u201d<\/span>\u00a0<\/span><\/p>\n

In the pharmaceutical and\u00a0customer\u00a0healthcare\u00a0businesses, AI and machine learning\u00a0(ML)\u00a0have proven\u00a0to be\u00a0crucial.<\/span>\u00a0<\/span><\/p>\n

COVID and the race to\u00a0discover\u00a0viable vaccines are\u00a0fostering\u00a0the use of AI and ML\u00a0in this pandemic.<\/span>\u00a0<\/span><\/p>\n

Top-Level usage in the pharmaceutical and consumer healthcare industries\u00a0<\/strong><\/h4>\n

The following are the top-level usages\u00a0in the pharmaceutical and consumer healthcare\u00a0businesses:<\/span>\u00a0<\/span><\/p>\n