article thumbnail

What is predictive analytics? Transforming data into future insights

CIO

The technology helps adopters in fields as diverse as finance, healthcare, retailing, hospitality, pharmaceuticals, automotive, aerospace, and manufacturing. Predictive analytics use cases Organizations today use predictive analytics in a virtually endless number of ways.

article thumbnail

The IT sector is bringing down Europe all on its own

CIO

This is what Draghi writes in a fact box (page 23): “Excluding the main ICT sectors (the manufacturing of computers and electronics and information and communication activities) from the analysis, EU productivity has been broadly at par with the US in the period 2000-2019.” According to Draghi, some digital sectors are likely already lost.

IT 510
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lilly revolutionizes clinical trials with intelligent sensor cloud

CIO

Defined as quantifiable and objective behavioral and physiological data collected and measured by digital devices such as implantables, wearables, ingestibles, or portables, digital biomarkers enable pharmaceutical companies to conduct studies remotely without the need for a physical site.

article thumbnail

The rise of the data lakehouse: A new era of data value

CIO

The giant pharmaceutical chain had put its lakehouse in place to address just such challenges in its quest, to, as Guadagno puts it, “To get the right product in the right place for the right patient.”. These processes combine an understanding of customer behavior with the availability of pharmaceutical and retail inventory. “It

article thumbnail

Regeneron turns to IT to accelerate drug discovery

CIO

For pharmaceutical companies in the digital era, intense pressure to achieve medical miracles falls as much on the shoulders of CIOs as on lead scientists. When Bob McCowan was promoted to CIO at Regeneron Pharmaceuticals in 2018, he had previously run the data center infrastructure for the $81.5

article thumbnail

What is NLP? Natural language processing explained

CIO

Eli Lilly overcomes translation bottleneck: With global teams working in a variety of languages, the pharmaceutical firm developed Lilly Translate, a home-grown NLP solution, to help translate everything from internal training materials and formal, technical communications to regulatory agencies. Google Cloud Translation. It consists of 11.5

Algorithm 533
article thumbnail

Top 7 generative AI use cases for business

CIO

Gen AI can conduct market analysis based on product reviews, and it can predict customer problems even before they recognize the issues, others say. Before gen AI, data scientists built custom natural language processing (NLP) models for sentiment analysis and intent extraction, but gen AI has added to those earlier efforts.

Biotech 542