Pharma Veterans

Driven by Data – Last Part – Asrar Qureshi’s Blog Post #663 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #663 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. This blog series is based on a report from McKinsey Digital, link of which appears at the end. Continued from Previous…… Point #4 – Data operating model treats data like a product Presently, the data is stored by individual departments and functions and protected as their property disregarding whether it is confidential or not. In this way, the data is split in so many ways that an overall sense cannot be made of it. There is a lot of duplication also which happens due to silos already present in most organizations. The IT department neither has control over data nor has acce...

Driven by Data – Part 2 – Asrar Qureshi’s Blog Post #662 Dear Colleagues!  This is Asrar Qureshi’s Blog Post #662 for Pharma Veterans. Pharma Veterans welcome sharing of knowledge and wisdom by Veterans for the benefit of Community at large. Pharma Veterans Blog is published by Asrar Qureshi on  WordPress, the top blog site. Please email to asrar@asrarqureshi.com for publishing your contributions here. This blog series is based on a report from McKinsey Digital, link of which appears at the end. Point #1 – Data is embedded in every decision, interaction, and process The developed countries are still not there yet fully, but they often use data-driven approaches and have started using AI-driven automation for those processes which are predictive and repetitive. They still use data for other purposes where greater human input is required. By 2025, nearly all employees are expected to routinely use data to support their work. They would also look for innovative data techniques to...