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Challenges, Opportunities & Technologies for Real-Time Decision Making by CROs & FSPs

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Accelerating Clinical Research

Clinical research has been continually transforming through the adoption of new pathways, tools, technologies and techniques. Events like Covid have accelerated the adoption of decentralized clinical trials (DCTs) substantially as per the research report published by GlobalData on “Clinical Trials: The Movement Towards Decentralized Clinical Trials” from 250 trials in 2012 to 1425 trials in 2022 (by Sep 2022). Another report by the Institute of Medicine (US) RoundTable on R&D found that an average clinical trial generates up to three million data points and counting. Such developments are increasing the complexity of data collection, cleanup, aggregation and analysis.

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Clinical Research Organizations (CROs) and Functional Service Providers (FSPs) play substantial and unique roles in the conduct of clinical trials. These organizations are typically contracted to support hundreds, if not thousands of studies by pharma, biotech, med device, vaccine and consumer health organizations. They are posed with the challenge of reviewing clinical and operational data during the study, identifying any problems and addressing them sooner rather than later to continue to keep the study running. The increase in the 5 Vs (volume, velocity, variety, veracity and variability) of data calls for the adoption of modern technology to rein in the complexity and make the data available to drive real-time or near real-time decision making.

CROs and FSPs need technology platforms that meet certain criteria that are uniquely different from the typical sponsor needs. For example, ability to support multiple sponsors and their studies across diverse therapeutic areas and geographies, need for availability of data not only for internal users but to their sponsors, a highly interoperable platform to connect with diverse clinical ecosystems that their sponsors would have etc. Also, adoption of processes like RBQM/RBM is on the rise creating opportunities for these service providers to expand their offerings like central monitoring, risk-based data management etc. These evolving needs require agile technology platforms that can be configured to make the data and insights available for real-time decision making. 

Many CROs and FSPs have successfully met these challenges, created opportunities for growth in the marketplace and are advancing clinical research. In this webinar brings together a diverse set of leaders representing large and small CROs as well as large and small FSP service providers.

Register now and discover the featured speakers’ perspectives and experiences in selecting and adopting a data and analytics infrastructure that brings faster time to insights managing multiple data sources.


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Who Should Attend

  • Clinical Data Management
  • Biostatistics
  • Statistical Computing/SAS Programming
  • Data Science
  • Central Monitors/Risk-Based Monitoring
  • Data Review
  • Medical Coding
  • Clinical Safety

What You Will Learn

Attendees will:

  • Understand the complexity involved in modern clinical trials, from a CRO and FSP perspective
  • Learn from industry leaders on how they are meeting these challenges and creating opportunities for their respective organizations to succeed in the marketplace
  • Explore the unique needs of CROs and FSPs, from a technology perspective, to gain access to data in real-time for making timely scientific and operational decisions
  • Gain insights into the decision-making process in selecting the right platform for their clinical trial needs
  • Identify outcomes/benefits that these companies have achieved in cycle time reduction, operational efficiency, cost competitiveness and faster time to market for drugs and therapies for their sponsors


Watch the recording

Presenters

ENGAGE 2024- October 10-11, Boston.

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