The Challenge
The vast amount of data collected by PV companies holds immense value that extends beyond retrospective reporting. To fully harness its potential, pharmacovigilance needs to evolve from a mere compilation and preparation process for regulators to a dynamic learning system. This transformation can optimize efficiencies, reduce costs, enhance decision-making, and ultimately improve product quality and patient safety.
Key Challenges in Leveraging Analytics for PV Companies:
Variety of Data Sources: Inability to efficiently handle and ingest diverse and evolving data sources, limiting the ability to leverage the full spectrum of available information.
Cost of Ownership: Rising expenses related to servers, their maintenance, and the adoption of expensive enterprise Business Intelligence (BI) tools.
Power to End-users: Dependency on Vendor/Internal IT teams for data extraction and analysis, reducing the autonomy and agility of end-users in accessing and utilizing data.
Performance: Lengthy execution times for Extract, Transform, Load (ETL) processes, resulting in slower report generation and hindering timely decision-making.
Reporting Support: Products offered as standalone entities lacking a comprehensive understanding of the client’s business and falling short in providing value-added services.
Application Ecosystem: Vendor-prescribed BI platforms that do not allow seamless integration of external systems, limiting flexibility and hindering customization.
How it Works
We have developed a proprietary SaaS cloud-based analytics solution, featuring a powerful system architecture. It offers a sustainable and robust reporting solution that is flexible, scalable, and adheres to stringent security standards for data safety and privacy. This cutting-edge solution empowers clients with the following next-gen capabilities:
- Unified Data: With scalable data warehousing and data lake capabilities, we provide a unified space where data from various diverse sources can be stored, enabling seamless integration and efficient data management. This unified data approach ensures consistency, accessibility, and scalability, allowing for comprehensive analysis and valuable insights across your entire PV operations.
- Complete Automation: Automated data intake, processing, and operational and regulatory reporting at scale. This streamlines high case volumes and large data sets, freeing up resources for high-value tasks. It enhances process efficiency, accuracy, and reduces operational costs, empowering your business for success.
- User-friendly Dashboard: An intuitive, graphics-driven dashboard that provides real-time reporting capabilities. Our dashboard is designed to be user-friendly, allowing users to generate customized need-based reports with advanced analytics. With high flexibility and the ability to drill down to granular details, users can efficiently analyze data sets and extract valuable insights. UltraANALYTICS empowers users to make informed decisions in a time-efficient and effective manner.
- Visualization Tools: Equipped with powerful visualization tools that present data and insights through engaging graphs, charts, and visual cues. This visual representation enables faster interpretation of data nuances, facilitating quicker and more accurate decision making. With intuitive visualizations, UltraANALYTICS empowers users to gain deeper insights and make informed decisions with confidence.
- intelliQ: Designed for non-technical users, intelliQ is a chat-based interface that enables easy exploration of pharmacovigilance data. With its advanced natural language processing capabilities, users can ask complex questions in plain language and receive accurate and relevant insights. Unlock quick and effortless data insights with intelliQ, without the need for technical skills.
UltraANALYTICS Benefits
- Cost-effective architecture (usage based)
- Rapid Report Builds with Faster Response Time
- Future Ready (Data Lake + Data Connectors)
- Near Real-Time Reporting
- Pre-Built Data Models
- ELT Concept (Querying large datasets)
- Multi-Tenant Capability
- AI/NLP Enabled
- Use your own Enterprise BI Solution (Optional)
- Service offering – PV Analytics Works (PAW)
UltraANALYTICS implementation helped a large US-based CRO provide a simplified, yet more efficient, future-ready and secure data analytics framework to its clients, enabling them to extract business-critical data insights with ease.
