Monday, February 15, 2010

Business Intelligence in Pharma domain

Enterprises in today's market need appropriate ways to stay successful from the competencies. Similar in those lines , Pharmaceutical companies focus in maintaining its market share and revenue growth and remain competitive.

Some of the challenges raised from the monitoring of real time business activities across functional departments like integrating the data as part of the clinical research into one repository in a whole, made pharmaceutical industries to focus towards Business Intelligence.

A Business Intelligence system enables effective decision support for a Pharmaceutical enterprise in which , some scenarios like the ability to integrate financial operational data with external data sources are considered. For example taking scenarios as such maintaining patient data and prescriber data from data providers, pharmacies and payers.

Cross functional data repositories with Business Intelligence is on an increasing edge wherein pharmaceutical executives tend to manage and increase their Return on Investment. Business Intelligence provides a clarity in the point of views across investments , paybacks, therapies, customer segments and brands. Business Intelligence providers along with many enterprise software vendors offers optimization of ROI.
Solutions provided from Business intelligence, lessens the so far faced troubles in the pharmaceutical industry and improvised the potential of the drug development enterprises to enable quick operational excellence and enhance its technical management to support drug development.

Sunday, February 7, 2010

Choosing a Software for Pharma Domain...

Computer software for a pharmaceutical industry sounds new, but it helps manage huge work and projects with the optimum and effective utilization of software systems and reduces ever lasting meetings between project managers and investigators.

Clinical trials in a pharmaceutical domain can fasten its research with computerizing clinical trials and tend to manage its business in a rapid phase.

Software’s for a clinical trial makes its clinical research to be managed in a simpler way and makes it less expensive to run, gives solutions from its expertly developed features and also gives easy and resilient ways so as to maximize funds of the research.

Web based software for Clinical studies improvise the work management away from work stations. This helps the sponsor or a principle investigator to always keep in track with the latest events throughout all the phases of a study.Accessing relevant information in a timely basis helps to prevent discrepancies and loss of time.
This can be streamlined in a better way with a computerized process which also leads to quick decision making at required stages, helping an organization or business run in a more efficient way.
Let’s have an overview about the key factors that are to be considered while choosing software for pharmaceutical domain:
The chosen software must adhere to ICH regulations, country regulations about clinical studies and the adequate size of the software must be considered as per the size of the organization (small, medium, large).
Software should be flexible enough to add other regulations in the system and it should ensure that clinical trial software is more user friendly and quick to learn. Software for a Clinical trial should be chosen in an order that it is upgradeable and reflect the changes in ICH, and its relevant scenarios. The more possible scenarios shall be explained in detail by our panel of experts in detail in the coming articles.