Enabling Business Agility in Pharmaceuticals and Life Sciences
Life sciences companies generate massive volumes of information that must be rigorously managed, accessible, and delivered to knowledge workers when they need it. Managing content from disparate repositories and the inability to find the right information impacts productivity, increases the potential of non-compliance, and reduces the value of the organization’s information assets and knowledge capital.
The landscape for pharmaceutical companies also focuses on access to information and the need to identify more efficient ways to translate innovative ideas into product and more quickly bring them to market. The long discovery and development cycles in pharmaceuticals poses unique uncertainties and risks. Continuous innovation must drive the development of new products at a lower cost and at the same time increase productivity. Yet, despite advances in technology, productivity continues to decline when compared to the total cost of an approved drug.
In both scenarios the need to adapt to complex regulations, competition, and a global marketplace are becoming increasingly more difficult to overcome.
The business imperatives driving these issues are:
- Inability to quickly deliver relevant information to a variety of stakeholders
- The need to aggregate information from disparate internal and external sources providing a virtual view of content
- Identify and protect data from unauthorized security exposures
- Better ensure compliance to complex regulations
- Reduce risk-through automation of records management processes and identification of documents of record
- Increase innovation and improve business agility
Concept Searching’s automatic semantic metadata generation identifies multi-word terms that form a complex entity and identifies them as a concept as opposed to keywords. By identifying these concepts and placing them in the search engine’s index the search can be performed with a higher degree of accuracy because the ambiguity inherent in single words is no longer a problem. The automatic classification and taxonomy management tools are designed to provide as much depth or hierarchical granularity that is often needed. Improving enterprise search, better content management, and improving outcomes in research and discovery, pre-clinical and clinical trials, submission, and in marketing and regulatory affairs, Concept Searching’s flexible and innovative solutions deliver rapid and quantifiable results.
For more information about this topic, please read our ‘Enabling Business Agility in Life Sciences’ whitepaper.