Advances in IT combined with business model transformation could combine to form a critical step in attaining transformation of the Clinical Trial Enterprise through lower cost, faster, and better data excellence of clinical trials. The entities involved in the conduct of clinical trials have not followed the cost-reduction route of other technology-intensive industries and thus have not attained a business transformation adequate to gain the economic benefits of technologic adoption.
It has become a practice now to avoid data slip through cracks, where CROs have been continuously evolving by moving towards technology as a solution for their data capturing from scratch to the end report. Recent findings in tech world has highlighted the power of machine learning algorithms and their impact on Clinical Trials company assaying bigger capabilities to ensure data integrity and quality.
Extensive use of electronic gadgets and software as a management and reporting platform in compliance with 21 CFR, part 11 has increased many folds in Clinical Trial industries. Managing screening of the population, electronic data capture etc.Is available at finger tips. Entire management from scratch to the end reporting has gained momentum in terms of saving time,
Clinical Trials has indeed evolved over the years. How electronic records have taken place over hard records. Software and hardware solutions have gained much attention and have really worked well from the scratch to the final reporting for BA/BE and clinical trial and other studies. Clinical development has become better and the same can be experienced with BizNET-CTM.