Discover the emerging technology-related risks & opportunities for life sciences
An NTT DATA UK survey of senior digital and data leaders working in the life sciences sector has found serious concerns about the threat posed by cyber-criminals, with cyber attacks – both those designed to steal research data and intellectual property, and those motivated by financial theft – seen by respondents as their greatest technology-related risks.
Respondents also worry about the danger of accidental data loss or release, and are keenly aware of the risks involved in deploying Cloud and AI technologies. These fears are, however, balanced by widespread optimism about the potential to rapidly generate revenue and cost savings through applying digital and data technologies.
In particular, there is great excitement about the potential to rapidly introduce AI technologies – both traditional ‘predictive’ AI, and ‘generative’ large language models. In adopting AI, life sciences companies are prioritising data analysis applications – particularly to spot unidentified conditions and develop new treatments – and the use of AI to improve logistics, business processes and clinical trial methodologies.
Alongside AI, respondents see 5G, telemedicine and cloud migration as offering excellent opportunities. These technologies attract broader but less enthusiastic interest from our survey group.
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Ebook - 30 min read
Life Sciences Opportunities & Risks
Download a survey of senior digital and data leaders, by NTT DATA UK.
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