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Pharma

The data that allows the pharmaceutical industry to experiment, understand, and innovate new drugs for various diseases is at the heart of the industry. When it comes to treating specific diseases, pharmaceutical companies have always found data disparity to be a major issue. The data silos that store the data are the source of this disparity. The silos function by connecting to various platforms.

Data disparity is a real problem because of the reliance on different sources and the inability to verify the data that is uploaded and shared. The disparity in data is also due to the data sources’ and departments’ use of different data structures and models.

The availability of generic drugs has increased competition. This was the reason for the FDA’s decision to bring low-cost generic drugs to market in a more orderly and timely manner.

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