- Healthcare & Life Sciences
Harnessing AI for Enhanced Innovation: Real-time News Monitoring and Impact Assessment in the Medical Device Sector
Challenge
The client, a leading global Medical and Pharmaceutical Device manufacturer based in Germany, faced complex challenges in monitoring updates and developments within the rapidly evolving med-tech and pharma industries. Despite tracking information in-house, the client struggled to stay aligned with the dynamic market landscape.
Solution
STATXO supported the client with Quasi-automated (Human + Technology) AI-based interactive user-friendly real-time news monitoring & tagging solution. A proprietary AI-based news engine was deployed to filter and tag new updates from 1 Million+ sources, regarding focus products, clinical areas, competitors, and market dynamics, which ensured exhaustive coverage. A bespoke mind map was created based on different categories and sub-categories across target news types to filter out and tag relevant information. A final layer of Human intelligence was included to validate the information before feeding it into an interactive dashboard.
Testimonial
“The AI-based news monitoring solution from STATXO has transformed our innovation intelligence capabilities. By keeping us updated on sector developments it enables deeper analysis and strategic insights. Additionally, its ability to quickly identify emerging issues or opportunities enhances our responsiveness to proactively manage business impact.” – Director, Innovation Intelligence
Overview
Discover how STATXO's AI-based real-time news monitoring & tagging solution helped a leading global Medical and Pharmaceutical Device manufacturer to strengthen its innovation capabilities and improve decision-making.
Impact
STATXO’s AI-powered real-time news monitoring dashboard & tagging engine enabled the Medical and Pharmaceutical Device manufacturer to make proactive informed decisions, improving strategic responsiveness and competitive positioning in the market.
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