Five Ways Life Science Companies are Growing Profits with Automation
0 min read
Life science companies may automate specific processes to increase efficiency, reduce errors, and improve accuracy. Automation can also reduce costs and increase the speed of R&D and improve the consistency and reproducibility of results in experiments. Automation can also aid in data analysis and management, helping improve the overall quality of research. Automating specific processes can also ensure compliance with regulatory standards and guidelines. Overall, automation can provide many benefits to life science companies, helping them improve their research and development efforts while reducing costs and increasing efficiency.
1. Accurate Data input
Data entry is one of the most time-consuming processes for any company. With a bot, companies can use robotic assistants to enter data accurately into spreadsheets or databases every time without human error. This automates the process of data entry from purchasing information, work orders, invoices, and much more, thus saving employees valuable time for other essential tasks.
2. Relevant Data analysis
Analyzing relevant data is critical for any life science company as it enables them to make informed decisions about manufacturing activities and manage their clientele. An automated employee can collect data from disparate sources such as spreadsheets and databases at regular intervals and then analyze it using analytical tools, thus enabling them to come up with relevant results every time, which is imperative for effective decision-making.
3. A/B testing of marketing content
Marketing plays a vital role in any life science company’s success. Still, with so much content being produced, it can be difficult for marketing teams to determine which content is performing well and which needs improvement. Bots can monitor the performance of particular parts of content, allowing marketing teams to gather helpful information about how users interact with different marketing assets like web pages or emails. This data can then be fed into a machine learning model, which can provide insight into what aspects of a piece of content appeal to users, helping marketing teams understand how they can improve their assets in the future.
4. Automating routine quality checks
A significant benefit of automation is its ability to automate the most repetitive tasks within a business process. As such, it can streamline quality checks, which are a significant part of many companies’ quality assurance processes. By automating these checks using a bot, employees can be freed from performing time-consuming but relatively straightforward tasks to focus on other areas of the business where they would have a more significant impact. For example, a bot could be set up to monitor each step in a particular workflow and flag any errors or issues. If the robot detects a problem, it will automatically alert the relevant member of staff, who will investigate and take action accordingly. This allows employees to focus on high-level tasks like investigating root causes or addressing issues rather than repeatedly checking for more minor, repetitive issues like data entry errors or system failures.
5. Monitoring laboratory instruments
One area where life science companies rely heavily on automated systems is in their laboratories, where there is often expensive equipment monitoring experiments or carrying out tests that need constant monitoring for them to produce valuable results. The information produced by this equipment is often used by scientists for decision-making purposes, so the collected data must continue to flow throughout an experiment’s duration. Using an bot, this data can be fed through into dashboards. It is combined with data from other sensors or equipment to create a complete picture of what is happening within a laboratory at any given time
So, how do you begin?
A Life Sciences company can start automating its processes by identifying which tasks are suitable for automation. These tasks may include data entry, analysis, and laboratory equipment control. Next, the company should research and choose appropriate automation technology, such as robotic process automation (RPA) software or laboratory automation systems. Once the technology is in place, the company should establish procedures and protocols for using the automation technology and train employees on how to use it properly. It's also important to regularly monitor and maintain the automation systems to ensure they function correctly and make necessary adjustments. Finally, the company should measure the success and efficiency of the automation to make ongoing improvements.
Check out the original articlehere.
Sign Up for Thoughtful+
Get product updates, company news, and more.
April 28, 2023
Learn how much Thoughtful can impact your business.
An expert can help you understand the ROI and time-to-value we can offer.Get a Demo