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Technology has expedited the process of data collection, and in particular, the life sciences industry has witnessed an unanticipated growth of available data sets. This proliferation presented both a challenge and an opportunity for Knowledgent, a New Jersey-based company catering to data and analytics innovation in the life sciences industry. Maximizing the potential of available data for more than half a decade, the company has been providing end-to-end data and analytics solutions to the top companies in the space.
The company has modernized data and analytics for Fortune 1000 companies in the industries of Finance, Healthcare, Retail, and Life Sciences, to name a few. By bringing them close to the bleeding edge of data and analytics, Knowledgent helps clients maximize business value by utilizing their existing data in combination with the firm's proven expertise and data-driven solutions. The company's strategy, analytics, visualization, and governance expertise has delivered actionable insights aiding organizations to improve business performance quickly and efficiently. Knowledgent was recognized in the Gartner 2017 Market Guide for Master Data Management (MDM) External Service Providers, for helping organizations develop a strong foundation for their data strategies.
In Life Sciences, Knowledgent's Real-World Evidence (RWE) practice focuses on the exponential growth in the variety of anonymized RWE data sources, standardization of the data, and the necessary analytics platforms, all while keeping the cost of support and scale manageable.
The ultimate goal of our services is to provide valuable information that drives innovation and decisions for the business
RWE is primarily comprised of Medical Claims, Lab Results, and Electronic Medical Records. The firm helps Life Sciences companies perform advanced analytics, including cohort and predictive analytics on RWE data sources to understand the performance of their drugs and devices when used by non-clinical trial patients.
Recently, Knowledgent helped a major pharmaceutical company perform treatment pathway analysis for a particular disease using RWE. By using Sankey diagrams to cluster the patients into different pathways, the Knowledgent team was able to correlate patient outcomes, such as hospitalization rates and medical costs, with the identified treatment pathways. Shail Jain, Chief Executive Partner of Knowledgent, emphasizing on the company's mission, says, "The ultimate goal of our services is to provide valuable information that drives innovation and decisions for the business." The key differentiator for Knowledgent's clients is that they are under the guidance of a team of Informationists that are both industry and technology experts with demonstrated capabilities in data architecture and engineering, data analysis, and domain knowledge.
The company also maintains their Big Data Ecosystem, which is issued yearly. The online tool provides an easy-to-understand, curated view of both established and new technologies provided by Big Data vendors. This all-in-one desktop reference helps clients navigate the ever changing world of Big Data technology.
Knowledgent is also currently helping clients accelerate their time-to-value in data and analytics projects by utilizing their Knowledgent Labs facilities. Knowledgent Labs is a software development center built to remotely execute rapid prototypes, data engineering and analytics services, and technology operations for clients across all industries in an on-shore model.
Adapting to the various market trends and delivering on its multi-faceted needs, Knowledgent is unambiguously leveraging the disruptive power of data for holistically improving lives and businesses.