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