Working backwards: AWS’s strategy for pharma’s cloud-enabled transformation

[Bo Dean/Adobe Stock]

The meteoric rise of the AI sector is hard to fathom. Projections from Precedence Research suggest that the global AI market could balloon by 2600% from 2022 to 2032, hitting $1.87 trillion — an annual growth rate of 39%.

In pharma, AI and data science demand is surging though overall growth is sluggish. Despite advances such as the rapid development of COVID-19 vaccines, the broader sector has struggled to keep up with the overall stock market. But the future could tell a different story. McKinsey projects that the pharma and medical products sector could gain 9% in EBITDA from cloud computing.

To tap this potential, cloud vendors are allying with pharma companies. “Nine of the top 10 pharma companies in the world have a large majority of the workloads running on AWS,” noted Tehsin Syed, general manager of AWS Health. These workloads encompass diverse areas including IT infras…

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