Artificial Intelligence (AI) refers to a computerized system that performs physical tasks, cognitive functions, solves problems, and/ or makes decisions without overt human instructions.[1] First proposed by McCarthy in 1955, the concept of AI has been applied in many health-related areas, including clinical research, hospital care, drug development, disease diagnosis, prognosis, and treatment monitoring. Advancement […]
The 90’s saw the Internet and the World Wide Web entering commercial markets as a result of major advancements in Information Technology (IT). Another huge development was later followed when mobile devices connected to the Internet became a rage in late 2000’s. Today, we’re in the middle of the next major leap, i.e. the next […]
For many businesses, trade and commerce ideas are still trapped in Victorian era in spite of ever increasing IT-reliance. Whether it is a business settlement, transfer of property ownership or resolving an insurance claim, composite business processes can take days to complete and require volumes of repetitive, tedious paper-based work. All these processes, however, need […]
Last few years have seen data as well as data exchange emerging as the new currency in healthcare. Data sharing is a powerful force that is transforming conventional relationships in the healthcare marketplace as the global healthcare platform moves from being volume-based to quality-based. (1) Around 30% of the stored global data is generated within […]
An excellent population health management approach considers multiple aspects of health, such as sufficiency of medical care, public health interventions, social and physical environments and related services, genetics, and individual behavior. (1) Data from multiple sources can be used to conduct population health management programs and to assess their value. In addition to these diverse […]
There are humungous quantities of data existing in healthcare; data from all kinds of sources, such as clinical, patient, payer, R&D, pharmacy as well as revolutionary technologies that are being quickly embraced, for e.g. data from wearable devices. According to a report by International Data Corporation (IDC), (1) the volume of healthcare data which was […]
The concept of “Big Data” is #trending today, which is characterized by types of data sources with huge quantities, high speed and broad diversity of information. Healthcare industries are trying to apply Big Data analytics to reform data into a workable platform in order to generate information that would help making better and faster clinical […]
There is heaps-full of data existing in the healthcare domain that has been generated historically, by means of record keeping, compliance & regulatory requirements, and patient care. (1) The current trend suggests faster digitization of this large amount of data, known as ‘Big Data’, that have been stored as hard copies over time. Big Data […]
Traditionally, the pharmaceutical industry has always been dependent upon the ‘push’ strategy for successful market access for products. The drug approval process, involving submission of data on efficacy, safety, and tolerability to the regulatory agencies, used to be simple; which ended with the drug being marketed to the targeted physicians and dispensed by pharmacies post approval. […]
