Life Science Analytics Lead the Way to a New Normal

Judith Kniepeiss our consultant managing the role
Posting date: 7/30/2020 9:19 AM
The Life Science Analytics industry has always beaten to its own drum. But in the days of Covid-19, there’s a different feel and it’s one in which teams are coming together and candidates are staying longer in jobs where they feel connected and impactful. 

As the drive for a vaccine and the virtually overnight demand for telemedicine and contactless care come to bear, this industry which once seemingly fell behind that of retail and banking has caught up. So, what can businesses like biotech, pharmaceutical, and other healthcare providers do to retain and keep top candidates?

EXPAND AND GROW YOUR TEAM LOCALLY AND GLOBALLY

  • Reskill and Upskill for Career Advancement - If you’re lucky enough to have retained top talent, re-consider tenure-based positions. Advance your great candidates based on performance, need, upskilling, or reskilling. You may already have someone on staff who can do the job you need done or have the potential. Let them. The world has been moving faster than it ever has in this year alone its jumped into warp speed.
  • Consider Global Collaboration – While many professionals, in every industry are working from home these days, some simply can’t due to the nature of their business. In this case, the need to be in the lab. However, as the Life Sciences & Analytics industry leads the way in their approach to flexible hours and the available Data on COVID-19, for example, global collaborations allow teams to do their work without the need for lab access.

  • In demand technical skills - Candidates skilled in Data gathering, algorithm development, and predictive modeling are in high demand as well as AutoML, NLP, and other Machine Learning solutions.

  • In demand soft skills – As the impact of the above technical skills increase and offer proven solutions, it will be important to have Data professionals who cannot only manage the technical side of things, but who can also explain solutions to the nontechnical and business executives in plain language.

Since the start of the year, we’ve seen a massive shift in the way we do business. While for some businesses, it was business as usual for the most part. For others, it completely reinvented others. Healthcare and Life Sciences are no exception. And in the healthcare industry, they’ve been stretched in ways unimaginable just last year. And have learned a new respect for numbers and accurate Data. Two things vital to moving forward.

A NEW RESPECT FOR NUMBERS AND ACCURATE DATA


This new respect for accurate numbers and Data will help teams align to predict new threats while tracking current ones. In other words, no one will be caught off guard next time as the Life Sciences and Healthcare industry prepare for a post pandemic transformation. And how will it impact the industry moving forward?

Work from home policies, global teams, telemedicine, the demand for PPE and ventilators, even the demands of the financial side of healthcare have shifted. But with the right data, innovation, and improved efficiency, it’s a sure bet the industry won’t be caught unawares again.

WELCOME TO THE NEW NORMAL


Though every profession has been hard hit during the pandemic, it’s the healthcare industry which has seen an even greater shift in the need demands to be met, shifting priorities, and patient care delivery has gone online. By moving forward with telemedicine and other automated services, the revenue cycle of the industry, too, has seen a shift. Yet to maintain business continuity, they must close the revenue gap.

And here’s where Life Science Analytics meets FinTech and InsurTech. All of these industries will need Data professionals who can speak code and translate it to the nontechnical. All will need professionals with skillsets in predictive modelling, automation, Machine Learning, AI, and more. Is it you they’re looking for? 

If you’re interested in Data & Technology, Risk or Digital Analytics, Life Science Analytics, Marketing & Insight, or Data Science jobs we invite you to check out our current vacancies or get in touch with one of our expert consultants to find out more. 

Related blog & news

With over 10 years experience working solely in the Data & Analytics sector our consultants are able to offer detailed insights into the industry.

Visit our Blogs & News portal or check out the related posts below.

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