Analytical Wizards – Transforming Healthcare Analytics
There is a growing need in the pharmaceutical industry to understand the complexities and nuances of healthcare, to help design effective interventions to combat disease. From science to bedside, from research to diagnosis and prevention, knowledge of the complex and changing healthcare environment and the patient journey is necessary as we continue efforts to eradicate life-threatening and life-altering diseases.
Ten years ago, building market knowledge or an understanding of a disease and patient journey, was dependent on interviewing the appropriate stakeholders. This technique was riddled with bias, extremely time-consuming and prohibitive in terms of cost.
With the advent of digital information technology, we are now able to capture immense quantities of unbiased data on the healthcare journey, presenting vast opportunities for learning. With rapid advances in data science we can uncover precious business insights and gain market knowledge. Using AI/ML we can not only gain an unbiased prescriptive view, but even hope to predict future market changes, and physician/patient behaviours.
As COVID-19 has highlighted the need for innovation and adoption of technologies in the healthcare sector, businesses are in continuous search of a trustworthy data analytics solution provider that can accelerate their growth. Analytical Wizards is one of the leading companies in the healthcare domain that is transmogrifying commercial analytics. Behind Analytical Wizards’ long-standing success is a team of expert professionals led by Mr. Ram Sharma, CEO & Chairman at the company.
To become a successful entrepreneur, one should inspire and support continuous innovation and growth.
Ram Sharma
The Company:
Traditionally, pharmaceutical and biotech organizations have been hampered in their efforts to understand the patient journey, treatment continuum, or market dynamics by data assets that are aggregated and lack identifiers to allow cross-referencing. It required piecing together multiple analyses and reports. The result has been business teams buried in high volumes of reports that deliver few insights, are out of date, and lack mutual consistency. The focus has been on descriptive analytics (understanding what happened historically) as opposed to prescriptive (recommending what a team should be doing) or predictive (what is likely to happen next).
Established in 2015, Analytical Wizards was recognized by INC5000 in 2020 as being among the top 25% Fastest-Growing Private Companies in the US. The company is currently engaged by 3 of the top 5 pharma companies, 10 of the top 30 bio-pharma companies, and 4 of the top 7 Biotechs.
Charting the new digital paths of success:
With multiple awards and recognition, Analytical Wizards continue to add new clients and win new business. Central to their growth is innovation by design, an iterative approach, a strong emphasis on customer delight, ensuring their knowledge grows within the advanced analytic space, mastering the latest algorithms emerging from scientific research and practice.
Like most companies, the pandemic arrived bringing a level of uncertainty as to its impact on business. Once companies grasped the impact of COVID-19 and how to navigate within the pandemic-controlled work environment, it brought to light the urgent need for agility, and flexibility. Digital communications became critical to business continuity, and therefore increased the need for many of the solutions provided by Analytical Wizards.
Today, across the industry, you can feel the revolution. Change is taking place and those that harness digital and technology innovations will be the most successful.
Great things in business are never done by one person. They’re done by a team of people.
Steve Jobs
