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Analytical Wizards: A Trailblazer in Healthcare Analytics
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Ram Sharma, Co-Founder, CEO, and Chairman, Jaya Subramaniam, Chief Strategy Officer , Analytical Wizards Analytical Wizards is an innovative company set up with the vision of scaling automating and generating accelerated and integrated insight generation for Healthcare Analytics. Given disaggregated and deidentified data sources and the cross functional approach to business decisions within Pharma- Biotech traditional analytical solutions have been siloed resource heavy and manual making it difficult to enable speed to insights and generate efficiencies.
But advances in technology, AIML and parallel processing enable scale especially for repeatable processes. Analytical Wizards harnesses Technology, AI/ML and the domain experience of its Leadeship team consisting of former Professionals from within Pharma-Biotech to enable unprecedented scale, efficiency and speed to insights.
Tapping the potential of AI-enabled Analytics
According to Sharma, founder and CEO of Analytical Wizards, “The healthcare-related industry is fragmented; the disaggregated and de-identified data sets are hindering organizations from making data-driven business decisions.” A significant proportion of these inefficiencies’ root cause stemmed from a lack of holistic view of data sources and was followed by ineffective gathering, sharing, and using information. Even though organizations realize that leveraging analytics to gain better insights can help demonstrate value and achieve better outcomes, they do not have a reliable analytics platform in the market. The existing analytical solutions in the space are complex, ineffective, and inadequate.
Analytical Wizards solves these issues using AI/ML-enabled technology, bringing scale and efficiency to transform healthcare analytics and allowing stakeholders to make timely data-informed business decisions. “Analytical Wizards automates complex analytic models using algorithms that integrate and expedite big data mining using AI and ML power to uncover deep insights faster and cheaper,” explains Sharma. To this end, the company offers two platforms, WIZ and IZE.
WIZ is a cloud-based omnichannel marketing analytics platform that integrates, transforms, and analyzes data to help optimize marketing investments across all channels. With WIZ, marketers can make effective marketing promotions, identify the most preferred engagement message, and test a concept before rolling it out nationally. This helps them improve sales, cost efficiency, and productivity. On the other hand, IZE is a cloud-based engine that automates the process of aggregating disparate data sources for a given indication or therapeutic area and empowers clinical and commercial teams to generate insights, address business solutions, and drive performance. IZE includes different modules, including the flagship IZE P360, IZE Patient Finder, IZE Patient Support Optimizer, and IZE Trial Accelerator that serve different use cases and business needs.
Unlike other vendors in the market that offer black box solutions or sell partial data, Analytical Wizards offers flexible and customizable solutions to clients.
Analytical Wizards automates complex analytic models using algorithms that integrate and expedite big data mining using AI and ML power to uncover deep insights faster and cheaper
The company’s tools are data agnostic; they can recommend optimal data sets to create predictive analytics. The company’s success can be attributed to its unique value proposition and vision, its leadership with a combination of Pharma-Biotech experience & expertise , AI/ML advanced analytical expertise and Technology experts that drive the generation of truly innovative and scalable solutions while retaining flexibility and customization for a given client’s needs.
Innovation is rooted in the company’s culture right through the process. Designed to be transparent, easily configurable, visually powerful with the ability to export charts and data, Analytical Wizards’ technology is built to integrate with legacy systems seamlessly.
The company’s solutions can be licensed as self-service tools for larger organizations that have in-house experts with analytical capabilities to use the tools themselves. If not, they offer a managed service combination wherein the tools are deployed within the client environment while providing consultative support—both from a training perspective and for utilizing and deriving insights regularly. Analytics Wizards also offers two other deployment options: one, wherein the team utilizes the tools and platforms externally and provides clients with the triggers and insights regularly, and another project-based approach, where the company provides particular project and resource-based deployments.
Revolutionizing Analytics in Healthcare
The company has become an expert at integrating analytics and business insights that translate into actions with such capabilities. The company employs a high-touch model with continuous engagement with every customer. Since its inception, the company’s primary focus has been on delivering value to its clients through machine learning (ML), efficiencies, and scalability, enabling agile business decisions.
To elaborate on the capability of the patient finder module, Sharma mentions the case of a client working on a disease so rare that it was only regarded as a collection of symptoms afflicting patients. It was only after several instances of misdiagnosis that the medical community recognized the disease required specialized treatments.
Inna Glozman Head IZE Product, Mike Steward Head WIZ Product, Analytical Wizards
The disease did not have any ICD-10 code assigned to it, and the client did not have an estimate of the eligible patient pool in the U.S. It was essential for the client to accurately estimate the patient population to determine product-supply projections and appropriate route to market. The IZE Patient Finder solution from Analytical Wizards is able to mine data from unstructured clinical notes using natural language processing and develop the appropriate query elements for claims data. This, along with AI/ML predictive analytic modeling, allowed Analytical Wizards to size the market and estimate key stakeholders along the Patient Journey. These insights helped the client successfully establish its launch plans ahead of market entry.
Ultimately, the most gratifying thing for us is our ability to scale. Our vision from day one has been to understand how to scale our offerings, not only through consulting, but also by using technology
Similarly, to illustrate the trial accelerator module, Sharma mentions how Analytical Wizards partnered with a clinical operations team to predict which investigators and sites would be the fastest in enrolling patients for Phase II and Phase III trials. This was achieved by mining data from several sources such as medical claims, pharmacy claims, lab data, EMR data, clinical trial data, and publicly available data sources such as clinicaltrials.gov and CMS open payments. Analytical Wizards also considered historical performance to evaluate whether similar trials have been performed before and if patients were recruited successfully. Finally, a sample dashboard was developed for the clinical operations team to help them garner investigators insights using a data-driven approach.
Paving the Way for an Innovative Future
Analytical Wizards has continued to grow significantly and is recognized by INC5000 as one of the top 25 percent fastest-growing companies in the U.S. The company is currently engaged by 3 of the top 5 pharma companies, 10 of the top 30 bio-pharma companies, and 4 of the top 7 biotechs. In their sixth year, Analytical Wizards is working with over 15 different partners across 30 countries. In addition, Analytical Wizards has a very active product roadmap in the future and continues to enhance the applicability of its solutions. “Ultimately, the most gratifying thing for us is our ability to scale. Our vision from day one has been to understand how to scale our offerings, not only through consulting, but also by using technology,” concludes Sharma.
Management Ram Sharma, Co-Founder, CEO, and Chairman, Jaya Subramaniam, Chief Strategy Officer and Inna Glozman Head IZE Product, Mike Steward Head WIZ Product , Analytical Wizards
Description Analytical Wizards is an innovative company set up with the vision of scaling automating and generating accelerated and integrated insight generation for Healthcare Analytics. Analytical Wizards solves disaggregated and de-identified data sets issues using AI/ML-enabled technology, bringing scale and efficiency to transform healthcare analytics and allowing stakeholders to make timely data-informed business decisions. Analytical Wizards automates complex analytic models using algorithms that integrate and expedite big data mining using AI and ML power to uncover deep insights faster and cheaper. To this end, the company offers two platforms, WIZ and IZE
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