WHY IT MATTERS
60% to 80% of data scientists’ time is spent cleaning/organizing data vs. creating insights that impact clinical and economic outcomes.¹
CHALLENGE #1
Data Management
On average, it takes 7 months to identify data sources, execute contracts, and ingest and prepare data into a usable state. For nearly one-third of pharmaceutical companies, this process takes 8 to 12 months.
What’s behind the challenge?
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Data insights come from myriad sources — an average of 4 data providers are needed for any one project
- Executing multiple vendor contracts (procurement + legal process)
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Linking sources is complex, tedious work (e.g., patient-token collisions and splits, lost data)
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Ingesting, cleaning, de-duplicating, linking, and certifying data is time-consuming and delays insights