Transitioning to SAP Signavio's Process Mining in the Life Sciences Sector
The life sciences industry suffered heavily in 2023 due to inflation and the pandemic. However, it is now bouncing back and adopting digital techniques. With the sector's complex processes becoming irrelevant every day in the evolving digital sphere, industries are increasingly drifting towards digital maturity. CFOs expect complete visibility into compliance and safety procedures in drug testing, raw material management, and medicine efficacy.
In the life sciences industry, CFOs and directors currently focus on investing in digital transformation. With the macroeconomic shift happening on the global level, companies are increasingly cautious about obtaining tangible results. With the current growth rate of 8-12%, it is evident that the life sciences industry needs to speed up its performance. From 2019 to 2023, there has been a consistent growth rate of 22-34% , and if the situation persists, the need for process expeditions is inevitable.
In this newsletter, we'll examine the pressing challenges in the industry and gauge how process mining will change the life sciences industry.
1. Excessive Data
Data is abundant in the life science industry. Patient records, genomes, imaging records, drug composition records, and research documents contain invaluable information but are often presented as scattered and in non-readable formats. Data security is paramount in such cases as the information is sensitive and needs to be shared.
2. Regulatory Compliance
In the life sciences industry, multiple stages of compliance are considered, considering the processes' complexity and the products' criticality. For example, drug approval regulations are different in each country. In America, the FDA approves all types of prescription drugs. In contrast, the European Medicines Agency takes care of drug administration in the European Union for medicines imported and exported from the US.
3. Heeding to Demand
Given the rising consumerism, almost all sectors have grown into providing exclusivity for each customer. The healthcare sector is no exception. Patients expect more personalized treatment methods, medications, and care. Patient-centric medical procedures and clinical trials are becoming increasingly popular with providers to cater to the growing demands of patients.
How does SAP Signavio Process Mining Impact the Lifesciences Sector?
Signavio's process mining capabilities can be highly beneficial in life science industries as they operate on strict regulations. Though there is scope for innovation in the sector, the stringent regulatory framework makes it complex for processes to yield high-quality products and services.
You can build, document, and update comprehensive models of your company's processes using SAP Signavio Process Manager. Compliance with regulatory standards, standardization of processes across worldwide operations, and provision of a foundation for audits and inspections are all greatly aided by this in the life sciences.
SAP Signavio Process Intelligence finds, tracks, and enhances real-world processes by extracting information from event logs. Insights into specific processes assist in finding waste, guarantee adherence to healthcare guidelines, streamline logistics in the supply chain, and enhance production.
SAP Signavio Workflow Accelerator allows business processes to be easily automated and executed. You may use it to improve productivity and reduce mistakes in processes like patient intake, healthcare data management, or other repetitive administrative duties.
Medical device customer service and patient treatment pathways are examples of situations where the SAP Signavio Journey Modeler could help create a map of the customer's or patient's trip. By doing so, problems with the patient or consumer experience may be identified, and chances to improve it can be explored.
SAP Signavio Process Governance contributes to automating and enforcing decision rules across tasks. In industries with stringent regulations and internal policies, such as the pharmaceutical industry, this is very helpful in ensuring that all operational actions follow the rules.
Ennuviz's Solutions in the Life Sciences Sector
Partnering with Ennuviz, businesses can better comprehend their process landscape, allowing them to spot inefficiencies and potential bottlenecks for improvement. This is especially helpful in fields where complicated operations often cause operational delays, such as medication research, manufacturing, and patient care.
Ennuviz can build a robust compliance framework using SAP Signavio's intelligence and process modeling capabilities. All operational procedures must adhere to strict industry requirements, such as those set by the FDA or EMA. Organizations in the life sciences may benefit from Ennuviz's guidance in establishing compliant and easily auditable procedures via documentation.
Ennuviz's trial supervision and assistance solutions can shorten new drug development timelines. Process intelligence may be used to track the trial phases, patient recruitment, and protocol adherence to ensure trials are executed effectively and according to regulations.
By streamlining the use of SAP Signavio in R&D operations, Ennuviz shortens innovation cycles and simplifies monitoring and assessing the efficacy of research projects. As a result, the research and development process improves, and novel cures or medications are developed more rapidly.
Key Takeaways