The Effective Statistician - in association with PSI
Trends That Will Have an Increasing Impact on Our Work
Dec 4, 2023
Benjamin, an expert in statistical trends, joins Alexander to discuss the rise of large language models, transparency in data and privacy concerns, virtual and augmented reality in work environments, collaboration through specialized marketplaces, open source programming and collaboration, and payer involvement in drug development. This thought-provoking episode explores the dynamic trends shaping the statistical landscape and emphasizes the importance of staying informed and embracing new approaches in effective statistical work in drug development.
37:54
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Quick takeaways
- Large language models like Chat GPT will impact pharmaceuticals by improving data visualization and analyzing unstructured data, but concerns about reliability and accuracy remain.
- Transparency in the pharmaceutical industry is growing, with more data becoming public, but privacy and data verification challenges need to be managed.
Deep dives
Trend 1: Large language models and AI impact on work
Large language models and AI, such as the popular Chat GPT, are expected to have a significant impact on various industries, including pharmaceuticals. These models offer potential benefits like improving data visualization and analyzing unstructured data, such as clinical literature and chart reviews. However, the reliability and accuracy of information generated by AI systems are still concerns. Companies may need to invest heavily to develop their own language models in order to safeguard data privacy.
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