Blockchain has helped wearable devices and mobile applications connect to a patient hub with all health records, allowing doctors to access a new level of visibility in real-time. Many big data techniques can transform unused data into valuable insights.īlockchain and wearables: Wearable technology is altering the world and has paved the way for many people to monitor health, including sleeping patterns and overall fitness.
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They are using industrial automation to overlook processes and drive business value.īig data: Digitalization in the life sciences industry has resulted in the generation of huge volumes of data, which have to be stored and analyzed accurately to realize their full potential.
Top companies are standardizing business processes, measuring manufacturing, focusing on visibility, and leveraging the right software. Revolutionizing supply chains: There has been extensive remodeling of supply chains for strategic products, such as drug, medical equipment, diagnostics, food, and chemicals led by the national regulatory activities in response to the COVID-19 crisis.Īutomation and modernization: The majority of big pharma companies have been established through different mergers and acquisitions and have adopted portfolios of IT applications in different phases of modernization. AI is also leveraged in research areas such as phenotypic drug discovery programs to analyze data through advanced screening approaches.
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AI-driven software can assist in planning possible synthesis pathways in chemicals to obtain compounds of interest. They are summarized from two sources, Straits Research and Deloitte.Īrtificial intelligence in biopharma: AI-driven tools is now leveraged at all phases of drug research and development. Below are a few trends that you should be familiar with. The life sciences industry is exciting in that it constantly sees significant changes and technological advancements every few years. Managed healthcare: UnitedHealth, Anthem, Aetna, Cigna, Humana.Healthcare facilities: Lab Corp, HCA Healthcare.Cosmeceuticals: Johnson & Johnson, Proctor and Gamble, Unilever.Medical equipment: Stryker, Medtronic, Thermo Fisher, Siemens.Biotechnology: Novo Nordisk, Regeneron, Alexion, United Therapeutics.Pharmaceuticals: Roche, Pfizer, Merck, Novartis, Eli Lily.There are various types of companies included in life sciences: The life sciences industry covers all of the businesses, organizations, and research institutions that are dedicated to protecting and improving human and animal life. Recommended resources to prepare for your case interviewĮssential Life Sciences Industry Knowledge You Should Know.Life sciences consulting case interview tips.Life sciences consulting case interview examples.The 6 steps to solve any life sciences case interview.Essential life sciences industry knowledge you should know.If you have an upcoming case interview at a life sciences consulting firm, we have you covered. With just a 30- to 45-minute exercise, an interviewer can gauge your analytical capabilities, business acumen, communication skills, and cultural fit with the firm. These interviews typically last between 30 to 45 minutes and you’ll be working closely with your interviewer towards developing a recommendation or answer to the business problem.Ĭase study interviews are so widely used by life sciences consulting firms because they assess many of the qualities needed to become successful consultants. Firms that use case interviews include: Clearview Healthcare Partners, Putnam Associates, IQVIA, ZS Associates, Simon Kutcher, and Health Advances.Ĭase interviews simulate the consulting job by placing you in a hypothetical business situation in which you are asked to solve a challenging problem.
If you’re interviewing for a life sciences consulting firm, expect to be given several case interviews, or case study interviews, during your interview process.Ī case interview is a special type of interview that nearly every single consulting firm uses, including life sciences consulting firms.
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