| Literature DB >> 25878506 |
Abstract
Over the last 20 years, productivity in the pharmaceutical industry has been diminishing because of constantly increasing costs while output has overall been stagnant. Despite many efforts, productivity remains a challenge within the industry. At the same time, healthcare providers quite rightly require better value for money and clear evidence that new drugs are better than the current standard of care, making a complex situation even more complex. With the implementation of 'Big Data' initiatives trying to integrate data from disparate data sources and disciplines that are available in life science, the industry has identified a new frontier that might provide the insights needed to turn the ship around and allow the industry to return to sustainable growth.Entities:
Year: 2015 PMID: 25878506 PMCID: PMC4392111 DOI: 10.1007/s40290-015-0090-x
Source DB: PubMed Journal: Pharmaceut Med ISSN: 1178-2595
| In order to reinvigorate the pharmaceutical drug pipeline, companies need to take better advantage of the available data. |
| ‘Big Data’ relates to large data sets that are highly complex. Data complexity is the key challenge in implementing Big Data approaches. |
| Integration of disparate data in the pharmaceutical industry will help to identify and validate new drug targets, support early identification of safety and efficacy issues, and improve patient stratification. |