Pharma and Biotech are Looking to Cloud and AI to Expediate Drug Discovery
Cloud systems are now being used by some of the world's largest pharmaceutical companies to collaborate and accelerate clinical trials through geographically distributed R&D teams.
FREMONT, CA: As one unlocks the power of both human and health data, next-generation technologies such as artificial intelligence (AI) and machine learning promise to improve the way people live. Pharma and biotech companies are looking at new and better ways to offer IT services that are flexible, cost-effective, and stable. Improved analytics and real-time data processing are some of the most critical factors in accelerating drug discovery.
Embracing the Cloud for Enhanced Collaboration and Accessibility
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
While pharma companies have been reluctant to implement new technology like cloud computing due to enforcement and regulatory issues, the need for greater communication and data sharing forces them to accept the transition. According to one report, over the next 12-18 months, 65 percent of healthcare organizations will increase their technology spending on public cloud infrastructure services. Furthermore, when it comes to data center modernization, 20 percent of pharma companies will spend the most on hybrid cloud management software. Cloud systems are now being used by some of the world's largest pharmaceutical companies to collaborate and accelerate clinical trials through geographically distributed R&D teams. One company uses a cloud-based computational platform to design each mRNA (messenger Ribonucleic Acid) sequence using various algorithms.
More in News
