Life Science Success Jaswinder Chadha - CEO Axtria - Ingenious Insights
Nov 27, 2022
Jaswinder Chadha, CEO of Axtria and an IIT Delhi Distinguished Alumni, shares his journey as a serial entrepreneur in the life sciences sector. He discusses the transformative potential of data analytics and AI, especially post-COVID-19, revealing a shift to omnichannel engagement in healthcare. He also critiques U.S. entrepreneurial education, advocating for real-world experience over theory. Chadha highlights the challenges small firms face in partnering with big pharmaceuticals, all while emphasizing the importance of understanding patient needs through comprehensive data.
AI Snips
Chapters
Transcript
Episode notes
Jaswinder Chadha's Entrepreneur Journey
- Jaswinder Chadha's entrepreneurial journey began over 25 years ago after moving to the US for graduate studies and working in healthcare consulting.
- He founded MarketRx in 2000, which was acquired in 2007, and later started Axtria in 2010 to leverage emerging technologies.
Life Sciences Industry Challenges
- The life sciences industry is driven by innovation and complex product life cycles.
- Despite this, internal systems often lack sophistication due to affordability and margin constraints, highlighting the need for advanced analytics.
Leverage Cloud and AI in Life Sciences
- Embrace cloud infrastructure to manage valuable life sciences data despite initial CIO hesitations.
- Integrate AI and advanced analytics into cloud-based software for real-time, self-service business decision tools.