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AI – Opportunities and Challenges
in Transforming the Biopharma
Value Chain
Pamela Spence, EY Global Life Sciences Industry Leader
BIO 2017 San Diego
Artificial intelligence.
Evolution, revolution or
destruction?
>90%
of the world’s data has been
created in the last two years
Data was … “just” connecting
of created
data is used
0.5%
Data is … moving to “real-time”
collaboration
Data future … “interrogating for
value”
38%
of enterprises use
some sort of AI
of those
who don’t
cite lack of
clarity
regarding
its value
proposition
20%
Source: Narrative Science – Outlook
on AI in the Enterprise 2016
Data was … “just” connecting
Data is … moving to “real-time”
collaboration
Data future … “interrogating for
value”
So what is intelligence?
Technology advancement is linear
Human intelligence - complex,
flexible, multiple domains
Narrow intelligence now in machines.
Superhuman processing speeds.
Building systems of atoms that display more
intelligent behavior will eventually build
general intelligence into our machines
Thinking cognitive machines – an inevitability
Can the power of machines replace
human insight?
How can we keep ourselves safe
in these exciting times … utopia,
not a dystopia?
Is access to a data set really a problem?
How do we get all stakeholders to trust
machines and embrace the inevitable
“new normal”?
Title (Arial bold 30 point)
Subtitle (Arial regular 20 point)
XX Month 200X (Arial regular 16 point)
How can we
collaborate with
machines to meet
health care’s
unmet needs?
EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction and advisory
services. The insights and quality services we deliver help build
trust and confidence in the capital markets and in economies the
world over. We develop outstanding leaders who team to deliver
on our promises to all of our stakeholders. In so doing, we play a
critical role in building a better working world for our people, for
our clients and for our communities.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global Limited,
a UK company limited by guarantee, does not provide services to
clients. For more information about our organization, please visit
ey.com.
How EY’s Global Life Sciences Sector can help your
business
As populations age and chronic diseases become commonplace,
health care will take an ever larger share of GDP. Scientific
progress, augmented intelligence and a more empowered patient
are driving changes in the delivery of health care to a
personalized experience that demands health outcomes as the
core metric. This is causing a power shift among traditional
stakeholder groups, with new entrants (often not driven by profit)
disrupting incumbents. Innovation, productivity and access to
patients remain the industry’s biggest challenges. These trends
challenge the capital strategy of every link in the life sciences
value chain, from R&D and product supply to product launch and
patient-centric operating models.
Our Global Life Sciences Sector brings together a worldwide
network of 15,000 sector-focused professionals to anticipate
trends, identify their implications and help our clients create
competitive advantage. We can help you navigate your way
forward and achieve sustainable success in the new health-
outcomes-driven ecosystem
© 2017 EY GM Limited
All Rights Reserved.
EYG No. 04127-174Gbl
1706-2332246
ED None
This material has been prepared for general informational purposes
only and is not intended to be relied upon as accounting, tax or other
professional advice. Please refer to your advisors for specific advice.
.

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AI – Opportunities and Challenges in Transforming the Biopharma Value Chain

  • 1. AI – Opportunities and Challenges in Transforming the Biopharma Value Chain Pamela Spence, EY Global Life Sciences Industry Leader BIO 2017 San Diego
  • 3. >90% of the world’s data has been created in the last two years Data was … “just” connecting of created data is used 0.5% Data is … moving to “real-time” collaboration Data future … “interrogating for value”
  • 4. 38% of enterprises use some sort of AI of those who don’t cite lack of clarity regarding its value proposition 20% Source: Narrative Science – Outlook on AI in the Enterprise 2016 Data was … “just” connecting Data is … moving to “real-time” collaboration Data future … “interrogating for value”
  • 5. So what is intelligence?
  • 6. Technology advancement is linear Human intelligence - complex, flexible, multiple domains Narrow intelligence now in machines. Superhuman processing speeds. Building systems of atoms that display more intelligent behavior will eventually build general intelligence into our machines Thinking cognitive machines – an inevitability
  • 7. Can the power of machines replace human insight? How can we keep ourselves safe in these exciting times … utopia, not a dystopia? Is access to a data set really a problem? How do we get all stakeholders to trust machines and embrace the inevitable “new normal”?
  • 8. Title (Arial bold 30 point) Subtitle (Arial regular 20 point) XX Month 200X (Arial regular 16 point) How can we collaborate with machines to meet health care’s unmet needs?
  • 9. EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. How EY’s Global Life Sciences Sector can help your business As populations age and chronic diseases become commonplace, health care will take an ever larger share of GDP. Scientific progress, augmented intelligence and a more empowered patient are driving changes in the delivery of health care to a personalized experience that demands health outcomes as the core metric. This is causing a power shift among traditional stakeholder groups, with new entrants (often not driven by profit) disrupting incumbents. Innovation, productivity and access to patients remain the industry’s biggest challenges. These trends challenge the capital strategy of every link in the life sciences value chain, from R&D and product supply to product launch and patient-centric operating models. Our Global Life Sciences Sector brings together a worldwide network of 15,000 sector-focused professionals to anticipate trends, identify their implications and help our clients create competitive advantage. We can help you navigate your way forward and achieve sustainable success in the new health- outcomes-driven ecosystem © 2017 EY GM Limited All Rights Reserved. EYG No. 04127-174Gbl 1706-2332246 ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. .