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Regulations stand crucial for any industry that functions in the Life Sciences domain, which is the third most heavily regulated sector after the Aviation & Financial sectors. Non-compliance with regulations comes at a high cost – the patients’ lives, heavy economic penalties, or loss of reputation. But challenges to this sector comes from various areas.
On one hand, the regulations are ever-evolving, and the authorities publishing them are many. On the other side, access to this critical information is often locked behind paywalls. Navigating this complex landscape requires proactive seeking out of data and continuously updating the knowledge base, which is best left to automation.
The need of the hour is a Regulatory Intelligence tool that compliments human wisdom with efficient robotic processes and artificial intelligence - ensuring organizations make informed and holistic decisions that are best for them and the people they serve.
Thus, the industry is ripe for AI (artificial intelligence) boom – where human intelligence will complement data-driven decision-making. The initiative represents the perfect (yet unexplored) use case for ML, Statistics, Text Analytics and NLP (Natural Language Processing). Hence, not only will ARI ensure that you are keeping up with the game, but the technology-centric innovation will also take organizations way ahead of the competitor curve.
A truly advanced RI platform can reduce costs and create value.
The AI/ML-enabled Next Generation Regulatory Intelligence System proactively streamlines critical decision-making processes and provides strategic advantages. Combining the power of data with advanced technology accompanies the life Science industry's needs.
Experience how Freyr IMPACT can be your intelligent compliance partner. Contact our experts here: Digital Life Science Regulatory Solutions & Software (freyrdigital.com)