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The pharmaceutical industry, known for its rigorous research, complex drug development pipelines, and use of cutting-edge technology, is undergoing a transformation thanks to AI. From applications such as disease identification and diagnosis, drug discovery, optimization of clinical trials, or improving manufacturing efficiency, AI is accelerating the industry. With vast amounts of biological, chemical, and patient data at its disposal, the pharma industry is uniquely positioned to harness AI’s full potential. Because, after all, data is the heart of AI and the pharma industry has lots of data at it’s disposal. But how exactly is AI reshaping pharma, and what does this mean for the future of drug development and medicine? Traditional drug development is a slow, expensive process. It is not uncommon for this process to take over a decade and billions of dollars to bring a new drug and treatment to market. However, now with the help of AI, pharmaceutical companies are dramatically shortening this timeline and can help drive down costs. AI tools are able to rapidly analyze large datasets of chemical compounds, biological interactions, and disease mechanisms.
Full opinion : How AI Is Transforming The Pharmaceutical Industry.