The life sciences industry is fraught with complexity, variety and tenacity of clinical data, which is siloed. Diverse datasets, efficient tracking & monitoring of study performance with analytical insights act as a tool for informed decisions and proactively detect risks for various personas. The future is decentralized clinical trials and will happen within a dataverse. With the outburst of clinical trials during and post-pandemic, the adoption of digital technologies has accelerated data capture, data analysis and data management, which increases the complexity multifold due to study design and complex protocol. The industry is heavily investing in 3 important quadrants: people, process(s) and technology. All stakeholders like academia, product & biotech companies and third-party partners (e.g., CRO/tech partners, Labs etc.) embrace digital enablement and transformation.
So how long might the industry take to develop dataverse in clinical trials fully? Is it 5, 10 or 15 years? Time and analytics would unwind things to determine duration or predict the future?
