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Group 1: Pharma/Med devices company

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AI assisted drug development

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software are hardware interventions to optimise process i.e digital twin and robotic arms

Automation of manufacturing processes

New assistant based on augmented AI technology would help doctors to practice with new medical devices

AR/VR Technology based Assistent

Use of AI/ML predictive Next Best Action to drive sales in HCP interaction. The technology is used in the CRM

ML based NBA

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Pros:

  • Faster learning process
  • Cheaper learning process
  • Flexible learning process
Cons:
  • Possible Accuracy Problems in training process
  • High investment upfront

Pros:

  • Personalized interactions allows for higher rate of success in sales.
  • Timely generated insights
Cons:
  • Standardization between regions related to data models
  • Adaption of new technology between the sales teams

Pros:

  • faster and cheaper drug development
  • AI models are based huge data sets that are not manageable by humans
Cons:
  • ML models are based on existing data (not black and white though)
  • Not necessarily conclusive, still needs alternative methods

Pros:

  • cost reduction
  • improved quality management
Cons:
  • implementation is challenging
  • new skills are required