The AI in Business Podcast
How Cloud Computing and AI are Shaping Life Sciences - with Pranav Joshi of Merck
Dec 31, 2024
Pranav Joshi, Global Head of Experience, Design Strategy, and Engagement at Merck, shares his expertise on how technology is revolutionizing life sciences. He discusses the impact of cloud computing and AI on drug discovery, emphasizing faster delivery to patients. Pranav highlights the need for collaboration among stakeholders to enhance healthcare efficiency. He also explores the transformative potential of creating a 'digital country' for pharmaceuticals, improving processes like drug approval and patient education, all while navigating compliance challenges.
27:44
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Quick takeaways
- Advancements in cloud computing and AI are revolutionizing drug discovery and personalized medicine, enhancing both efficiency and patient outcomes in life sciences.
- The life sciences sector must embrace innovative practices and agile methodologies to effectively harness technology and empower emerging talent for industry growth.
Deep dives
Transformative Technology in Life Sciences
Advancements in cloud technologies, endpoint storage, and artificial intelligence are dramatically transforming the pharmaceutical and healthcare sectors. These technologies enable faster drug discovery and streamline processes to enhance the patient experience. For instance, the rapid evolution of generative AI shows potential in reshaping typical timelines traditionally marked by lengthy drug development phases. The conversation emphasizes the shift from established pharmaceutical giants losing substantial market value to small startups harnessing technology to capture significant market shares.
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