Sharon Moran

AI and data science have seen increased use in life sciences, particularly in the pharmaceutical industry. However, despite the multitude of AI use cases, pharmaceutical companies tend not to embrace every emerging AI trend eagerly. 

Companies that use AI copilots experience numerous benefits, including streamlined processes, improved customer experience, and cost savings. Large language models (LLMs) form the basis of many AI copilot applications. While LLMs have a remarkable capacity to generate humanlike text, that same capability is the reason businesses need to exercise caution in order to prevent misapplications of this otherwise transformative technology. 

Duke University Health Systems is composed of a world-renowned hospital and healthcare network. Duke University Hospital, one of their three hospitals in North Carolina, is nationally ranked in 14 adult specialties.

Originally founded as Fair, Isaac and Company, FICO is a data analytics company founded in 1956. Based in Bozeman, Montana, the company is focused on credit scoring services, most notably its FICO score, which measures a person's creditworthiness. 

Communications surveillance in financial services involves both monitoring and analyzing electronic communications within a financial institution to prevent fraud, ensure regulatory compliance, identify and manage risks resulting from inappropriate activity, and maintain integrity in financial markets. 

AI and machine learning have promising potential in the field of healthcare. However, there is one significant hurdle healthcare companies often encounter when trying to implement AI and machine learning. The data architecture of current legacy systems in healthcare settings prevents implementing many use cases and limits a company’s ability to benefit from these technologies fully.

Due to technological advancements, automakers are uniquely positioned to benefit from an industry-wide transformation. Technology now allows a direct connection between car manufacturers and the customers who purchase those cars. Such a relationship has never before been possible in the history of the automotive industry.

Founded in 1833 and headquartered in Irving, Texas, since 2019, McKesson is a leading distributor of pharmaceuticals and medical supplies. They also provide health information technology and care management tools.

Founded in 1982, Cigna is a healthcare and insurance company based in Bloomfield, Connecticut. Cigna is a Fortune 15 global company and employs over 70,000 individuals. Cigna offers health, life, and accident insurance. They also offer Medicare and Medicaid products.

Morgan Stanley was founded in 1935 and is headquartered in New York City. They are an American multinational investment bank and financial services company recognized as a leader in wealth management. With over $1.19 billion in assets, Morgan Stanley is among the top 15 biggest banks in the world.

The healthcare industry has experienced several changes in recent decades. The Health Insurance Portability and Accountability Act (HIPAA), signed into law in 1996, represents one such change. HIPAA was initially intended to simplify how healthcare is administered. However, the law also contributed to the increased administrative burden for healthcare practitioners. 

This article is sponsored by Riskified, and was written, edited and published in alignment with our transparent Emerj sponsored content guidelines.

While accounting as a discipline has roots going back to the 13th century, current-day accounting software is still based on manual record-keeping just as it was in the 1990s, only with digital checks in a digital checkbook register, allowing users to keep track of their finances on a computer.

As AI becomes increasingly interwoven in the fabric of our everyday lives, the insurance sector is finding new business challenges and opportunities in all of the ways these emerging technologies bring increased risk - and security - to our lives.

Market surveillance refers to activity authorities conduct to ensure that products available to consumers adhere to applicable laws and regulations. Additionally, market surveillance in banking and finance takes a somewhat specific form.

Knowledge graphs have grown into a major trend in life sciences since the term was introduced by Google in 2012. However, despite this recent uptick in use, they significantly impact the space. Knowledge graphs enable several critical functions within life sciences, including drug development, literature review, and regulatory reporting.

The manufacturing industry has changed in recent years. Humans on the shop floor have always used their senses and experience to anticipate machine failure before it occurs. Now, AI can be used in conjunction with human expertise.