AI Use Case

Prioritise research and development projects

Analyse the data set (cost / benefit analysis) of potential development projects to assist with prioritisation of research effort and resource allocation in the product development process.

Function

R And D

Core Research And Development

Benefits

Cost - Optimise resource allocation,Cost - Targeted Trials/ Precision testing

Case Studies

Dana Farber Cancer Institute~Dana Farber Cancer Institute accelerates clinical trial recruitment by using machine learning for genome mapping to identify best candidates,Starcorp~Starcorp chooses which projects to pursue by evaluating probability of success as well as risks associated with different options using machine learning

Industry

Healthcare

Pharmaceuticals And Biotech

Data Sets

Structured / Semi-structured

AI Technologies

Traditional AI,Machine Learning (ML),ML Task - Prediction - Regression,ML Task - Action Selection - Reinforcement Learning

Potential Vendors

Apgate