“Despite increased understanding of diseases and technologies for drug discovery, developing new medicines remains an unpredictable endeavor filled with many failures,” said David Dornstreich, chief commercial officer and general manager U.S. at QuantHealth.
QuantHealth taking a data-driven predictive approach to simulate clinical trials
How AI-based technologies improve clinical trial design, site selection and competitive intelligence
In the past, uncovering actionable insights from this unstructured text meant that documents such as clinical trial reports had to be searched and read individually, a process that can be time-consuming and subject to human error. It is estimated that 80% of clinical data is unstructured and difficult to analyze.
To overcome these limitations, life sciences companies are using natural language processing (NLP), an artificial intelligence-based technology that extracts and synthesizes high-value information hidden in unstructured text. NLP-based text mining solutions can an…