AI Use Case
Prioritise research and development projects
Analyse the data set (cost / benefit analysis) of potential development projects to assist with prioritisation of research effort and resource allocation in the product development process.
Function
R And D
Core Research And Development
Benefits
Cost - Optimise resource allocation,Cost - Targeted Trials/ Precision testing
Case Studies
Dana Farber Cancer Institute~Dana Farber Cancer Institute accelerates clinical trial recruitment by using machine learning for genome mapping to identify best candidates,Starcorp~Starcorp chooses which projects to pursue by evaluating probability of success as well as risks associated with different options using machine learning
Potential Vendors
Apgate
Industry
Healthcare
Pharmaceuticals And Biotech
Data Sets
Structured / Semi-structured
AI Technologies
Traditional AI,Machine Learning (ML),ML Task - Prediction - Regression,ML Task - Action Selection - Reinforcement Learning