Data’s Role in Pharma: Embracing Cloud Modernization for Better Outcomes
Capturing and storing data is an imperative for the pharma industry, especially as it embraces cloud application modernization and seeks advanced pharma solutions. This includes data related to trials, manufacturing, testing, patient records, cost of treatment, human resources, suppliers, marketing, finance, etc. Currently, Phase III clinical trials alone generate an average of 3.6 million data points, or three times the data collected by late-stage trials 10 years ago. Data is the cornerstone of the industry.
It ensures the efficacy, quality, and safety of products, supports R&D, drives innovation, and helps meet regulatory requirements. Without access to reliable data, enhanced through cloud application modernization, the pharma industry would be severely handicapped.
