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 NyquistAI Webinar – AI in Regulatory Affairs

NyquistAI Webinar – AI in Regulatory Affairs

By Justin Swanberg

June 4, 2024


From Hype to Practical Applications: The Role of AI in Regulatory Affairs

In a recent webinar, we delved into the transformative potential of artificial intelligence (AI), particularly generative AI (GenAI), in the realm of regulatory affairs. This event was an exploration of AI’s potential in regulatory practices, offering attendees examples of how AI can be implemented to lighten the load of time-consuming tasks.

This webinar is a great opportunity for regulatory affairs professionals and general life sciences industry who are interested in learning about how AI can and is being adopted within the industry. Here are some of the key takeaways from the webinar. 

Why GenAI?

GenAI has the potential to revolutionize the way knowledge workers operate. By automating manual tasks, GenAI allows professionals to focus on tasks that require strategy, creativity, and empathy. This shift in focus can lead to more efficient and effective regulatory practices.

The Winning Plan for AI

The successful implementation of AI follows the 80/20 rule: 80% people, 20% tech. The focus should be on the return on investment (ROI), not just the AI itself. It’s important to start small, experiment quickly, use AI to digest data for better insights, and prioritize across the organization.

AI Transformation is a Team Sport

AI is not here to replace humans, but to augment our capabilities. In fact, it is far more likely that humans who use AI will replace those who don’t. A culture shift and mindset change are necessary to fully leverage the benefits of AI and deliver value for patients.

AI Use Cases

  • AI as an Insight Generator – AI can simplify the process of finding accurate information from websites like clinicaltrials.gov and FDA. This is achieved through a consolidated global database and an AI model that understands context, not just keywords.
  • EchoNet – EchoNet, an AI tool recently approved by the FDA, is a game-changer for ultrasound assessments. It makes these assessments faster and just as trustworthy, marking a significant improvement over the old methods that were slow, costly, and manual.
  • Improving Patient Interactions – AI can also improve patient interactions. For instance, it can simplify the language in consent forms to an 8th-grade reading level, making it easier for patients to understand what they’re agreeing to.

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