Leveraging AI for Better Demand Forecasting in the Pharmaceutical … – Fagen wasanni
Leveraging AI for Better Demand Forecasting in the Pharmaceutical Industry
The pharmaceutical industry is no stranger to the challenges of demand forecasting. With an ever-evolving landscape of regulations, market dynamics, and patient needs, accurately predicting demand for medications and treatments is a complex and critical task. In recent years, the industry has turned to artificial intelligence (AI) as a means to enhance the accuracy and efficiency of demand forecasting, leading to improved supply chain management, reduced waste, and ultimately, better patient outcomes.
One of the key drivers for the adoption of AI in demand forecasting is the vast amount of data generated by the pharmaceutical industry. From clinical trials and patient records to sales data and market research, the industry is awash with information that can be harnessed to make more informed decisions about production and distribution. Traditional forecasting methods, such as time-series analysis and…
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source: https://news.oneseocompany.com/2023/07/28/leveraging-ai-for-better-demand-forecasting-in-the-pharmaceutical-fagen-wasanni_2023072848251.html
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