Datafoundry is Revolutionizing Life Sciences Industry with AI-powered Solutions and Strategic Partnerships!
Managing data can be a daunting task. It’s like trying to organize a chaotic closet that’s filled with clothes you haven’t worn in years. You know you have to do it, but you keep putting it off because it seems like an insurmountable challenge. But fear not, dear reader, because we’re here to help you tackle your data management woes.
In today’s fast-paced world, where information is constantly being created and shared, it’s more important than ever to have a system in place to manage your data effectively. Whether you’re a small business owner or a busy individual, having a strategy to organize and utilize your data can save you time, money, and headaches.
Ladies and Gentlemen, allow us to introduce you to Datafoundry – the immersive tech genies who work their magic to help you harness the potential of your data. These guys are on a mission to help you unlock the untapped value of your data assets. With their expert team on board, you can bid adieu to the chaos of managing piles of data and instead focus on the insights it holds. They use cutting-edge technology and innovative solutions to help you streamline your data management process, extract insights and visualize your data like never before.
It has an exemplary track record of providing unparalleled results to major global firms from various industries, including life sciences, retail, and healthcare. With the company’s expertise in product and platform development for life sciences, plus the latest technology in AI/ML, Data Science, and more, customers can be confident that their data is in the best of hands.
No more getting stuck on indecisive analysis or imprecise conclusions! The masterminds at Datafoundry have harnessed the power of AI and machine learning to help you make smart business decisions and outmaneuver your competition. Their founders recognized the challenges inherent in running a data-driven business and set out to provide the most advanced and cost-effective technologies available. With Datafoundry’s groundbreaking analytics, you can take your data game to the next level and leave your competitors in the dust.
So why settle for mediocrity when you can join the ranks of the data elite with Datafoundry?
We sat down with Saurav Roy of Datafoundry to explore further the insights of their data-driven solutions. We discussed the potential of leveraging data to drive decisions and how Datafoundry’s services can help companies maximize their data-driven potential.
Unlock the Transformative Power of Data-Driven AI
The past decade has seen an exponential increase in data generation, from 1.2 trillion gigabytes to 59 trillion gigabytes. That’s why Datafoundry was founded – to help businesses unlock the transformative potential of data-driven AI and extract the maximum value from their data. Their team realized that despite the rapid growth in data generation, many companies are struggling to take advantage of this powerful resource. They strive to provide the solutions that enable businesses to make the most of their data – and maximize the potential of this data-driven AI revolution.
With a deep understanding of data science, AI/ML engineering, software development, cloud architecture, and domain knowledge, they set out to revolutionize the pharmaceutical and healthcare industries by leveraging innovative technology to increase the efficiency and effectiveness of business processes. Through the integration of data, AI, and life sciences, their ultimate goal is to enable breakthroughs in process excellence and healthcare outcomes. Their commitment to innovation is an essential part of the company’s evolution and growth.
Reinventing Data Management with Datafoundry
Datafoundry is an innovative data science company founded in 2016 by experienced industry veterans with a mission to revolutionize the way enterprises manage their data. Their founders saw that the ever-growing complexities of data-driven businesses had become difficult and expensive to manage, so they set out to provide businesses with the most cost-effective and cutting-edge technologies to help them make the most of their data and analytics.
They have already completed successful projects for major global enterprises in a variety of industries such as life sciences, retail, and healthcare. With Datafoundry, you can trust that your data is in the best hands.
Drawing from their experience in developing products and solutions for life sciences companies, the founders of Datafoundry have been inspired to create their own data and analytics solution that utilizes the full power of AI/ML and Data Science for improved health outcomes. As the driving force behind Datafoundry, they are dedicated to their mission of streamlining data management and giving enterprises the capability to make informed decisions through data-driven insights.
Datafoundry’s Mission to Enable Digital Transformation
At Datafoundry, their mission is to enable digital transformation in the life sciences and healthcare industries through the power of AI, ML, and analytics. They believe that by leveraging data, AI, and actionable insights, they can empower companies to make more informed and timely decisions. Their team of experts specializes in data integration, AI, and actionable insights to ensure life sciences companies maximize the potential of the latest technologies and best practices to achieve improved outcomes.
They strive to help their customers transform their scattered data into valuable insights that drive meaningful results, ultimately allowing them to save time and resources so they can focus on the important work of improving health outcomes. Their strong investment in AI capabilities sets them apart and gives them unparalleled value to their customers. These values are at the core of their company and guide their mission to revolutionize the life sciences and healthcare industries through digital transformation. By leveraging cutting-edge AI technology, they are empowering their customers to make better decisions faster.
Revolutionizing Life Sciences
Datafoundry focus is on bringing AI-powered digital transformation for Life Sciences companies leading to improved health outcomes.
The team at Datafoundry provides an integrated solution for Safety Case Processing and Submissions, Signal and Risk Management for the Safety Vigilance of Medicines, Cosmetics, Nutraceuticals, and Medical Devices.
Their specialized services are designed to help pharma, medical devices, cosmetics, and nutraceutical companies and CROs with outdated Safety systems to modernize and streamline their Safety Vigilance processes, ensuring the safety and well-being of their customers. With their integrated solution, you can ensure compliance with the latest regulations and standards while protecting the health of your consumers.
Their focus in the AI domain is to automate data collection for safety cases and reduce review cycle times, improving compliance and providing regulatory and other functions with insights on how to improve product safety and efficacy. By leveraging AI components, they can provide process automation and analytics/insights, allowing for maximum efficiency with minimal human intervention. The integration of various systems gives a comprehensive view of product safety, enabling a proactive approach to signal and risk management. This ensures that the process is streamlined, guaranteeing faster, more accurate results.
They provide automated case creation of ICSR from narrative and any documents, customizable clinical flags, seriousness prediction, causality prediction, active & passive surveillance, advanced analytics, and reporting and collaboration features using AIML. Their solutions offer an effective way to improve user safety and health outcomes in various sectors, including Pharma, Biotech, and Cosmetics companies. By leveraging the power of Artificial Intelligence and Machine Learning, their solutions provide an efficient system to monitor and analyze safety signals and improve patient outcomes.
Data Challenges Solved
The biggest challenge that comes to mind when it comes to Machine Learning and Deep Learning is the availability of data. With the need for large datasets, sharing of data is often restricted due to privacy, security, regulatory, and other concerns. To overcome this, they tap into publicly available credible databases from regulatory authorities like the FDA.
Additionally, some of their customers bring their data, which they use to build models that can provide them with more precise solutions.
The quality of data is of utmost importance, as poor-quality data can lead to inaccurate predictions when using models. To ensure data quality, they focus on its validity, accuracy, consistency, and completeness through data cleansing and substitution techniques. Anomalies in data are identified based on certain patterns and then verified with the source where possible. In some cases, missing data elements are filled in using statistical and ML models. To ensure accuracy, data is also verified with other sources to validate its quality.
Annotating large data sets to build models can be a costly, laborious and time-consuming task. The available tools on the market often fall short of delivering satisfactory results. They rely heavily on automation techniques, online tools, and human interventions via SMEs and interns to complete the remaining work. Unfortunately, the expertise and effort required to effectively complete these tasks can be extremely costly and time-consuming. To combat this, they offer an innovative solution that leverages modern technology to streamline the process and reduce costs.
To ensure consistent, accurate predictions, a large and balanced dataset is essential for training. However, Explainable AI (XAI) is still lacking in terms of providing reasoning as to why a prediction was made.
As of today, they manually try to explain the predictions they make to their customers and have them validated by domain experts. Additionally, their clients often use their existing processes to verify the outcomes. With XAI, they can anticipate a more reliable and transparent way of making decisions with confidence.
Revolutionize Workflows in Healthcare with AI
By leveraging the power of AI, they help healthcare businesses identify and automate labor-intensive and inefficient workflows within their business processes. Their deep understanding of the healthcare industry allows them to study key workflows and pinpoint areas that could be improved with automated solutions. They empower healthcare businesses to work smarter, not harder and reduce the strain of manual processes.
From a solutions perspective, the problem is identified and a tailored selection of ML/DL models and algorithms are tested and evaluated to find the optimal solution. A variety of reusable components and models are leveraged and custom-developed to the organization’s specific needs. In some cases, existing models and algorithms must be further trained or re-trained with the organization’s data to achieve the desired results.
Driving Market Leadership in Cosmetovigilance and Literature Analysis
Datafoundry is revolutionizing the Life Sciences industry with AI-powered products from its DF Digitalize AI solution. This solution provides multiple use cases across the life sciences domain, from drug discovery to clinical development, manufacturing, sales, and regulatory compliance. The DF Digitalize AI solution roadmap includes specific solutions tailored to various business functions within the Life Sciences and Healthcare domains. Additionally, Datafoundry is entering into strategic partnerships with leading technology firms to maximize the synergy of their product engineering services. With these exciting new developments, Datafoundry is positioning itself as a leader in the Life Sciences industry.
Datafoundry’s DF mSafety AI has just been implemented at one of the top cosmetics companies in the world, paving the way for the company to become a market leader in the Cosmetovigilance space in the next 12-24 months. Additionally, their DF mLiterature AI product, which automates Literature Review and Monitoring of Medical and Scientific literature, is now being implemented at a major research institute in Australia and a global consumer pharma company. These anchor customers will allow Datafoundry to strongly penetrate this niche business segment. Furthermore, Datafoundry plans to introduce a fully AI-powered Real World Data (RWD) solution to enable efficient design and conduct of clinical trials using real-time data from Electronic Health Records, Wearables and Social Media.
Accolades
AI Game Changer Award 2022 by NASSCOM
