Why Synthetic Data Is the Biggest Game Changer Pharma and Biotech Research Teams Are Not Fully Using Yet
Pharma and biotech research teams face significant delays due to data access issues, with 85% of trials experiencing delays. Synthetic data can solve this problem by providing a compliant and scalable solution. This can save billions in lost value annually, with a single day of delay costing $500,000. To move forward, teams should consider implementing synthetic data as a foundational infrastructure layer. This can help reduce delays and improve research efficiency.