CrowdANALYTIX helps clients improve the chance of successful trials while saving millions of dollars in clinical trial costs, by leveraging a crowdsourced approach to develop more stringent patient selection criteria. Our approach pin-points the patients that are more likely to respond to the drug thereby requiring 20-40% fewer patients to achieve a statistically relevant trial.
CrowdANALYTIX monitors clinical trial sites across the globe and scores them based on hundreds of success factors. Our scoring models are constantly tuned for accuracy by our global community of data scientists resulting in site selection decisions that increase the chance of success.
CrowdANALYTIX groups patients based on their response to a drug and then executes trials starting with the most responsive group to the least responsive one. A pharmaceutical company can decide to terminate the trial if the first couple of groups fail efficacy tests thereby saving millions by detecting the ineffective compound early.
Only one in fourteen drugs that begin clinical trials make it to market. Failed trials can be devastating and can even lead to bankruptcy for smaller pharma firms.CrowdANALYTIX analyzes failed trials looking for opportunities for a retrial on a sub-group of patients. CrowdANALYTIX’s success based pricing model ensures that clients don’t spend further on a failed trial unless a revival opportunity is detected.
CrowdANALYTIX develops reliable predictive models by getting hundreds of data scientists to produce thousands of independent predictive models and selecting the top 3-10 models that meet all the client’s quality requirements. A typical CrowdANALYTIX competition has 250 participants submitting 1000 models in 5 weeks !
We then partner with the clients to continuously tune the models to improve accuracy over time.
CrowdANALYTIX develops interactive visualization dashboards to allow clients to more intuitively explore their data. We do this by first transforming and organizing the data in line with a business challenge and then running a visualization competition to deliver the best interactive dashboards for client’s to derive insights.
CrowdANALYTIX estimates reliable market size and forecasts by triangulating the top submissions from a research competition held on our platform. Three of the top 15 strategy consulting firms rely on us for their forecasting needs. You can too! Contact us now to learn more.
Economic factors, market dynamics and competitors can account for as much as 60% or more of the stock price of a company. CrowdANALYTIX hosts competitions to identify potential risks, build statistical models to determine the most impactful among them and then develop an interactive dashboard to monitor the risks over time.
With access to over 7400 highly qualified data scientists, our analysis is delivered in a short 4-6 week period and at a price point lower than most alternatives.
The CrowdANALYTIX platform enables you to get hundreds of perspectives from the data scientists signed up to its platform
The multiple perspectives – think in terms of top 10 algorithms using a variety of approaches from thousands of submissions from data scientists based all over the world
The variety of approaches provide higher statistical confidence in the findings, relative to smethods that use a single approach. This is even more signinficant when there is limited data available to analyze
The CrowdANALYTIX platform provides the availability of top-notch data scientists to tackle your toughest questions – when you need it
Each additional hour to “mobilize resources” internally or by hiring analytics consulting firms means you lose valuable time; we make available some of the best data analytics talent in the world readily available
Objective answers to your business questions based solely on data
Anonymized data, after removing all context, personal information from the problem but retaining key analytical attributes enables to use the power of the crowdsouring model focusing the problem only on the insights from the data while minimizing any risks
The CrowdANALYTIX team helps you set up the problem as a contest and deliver results within 6 weeks from start to finish
Compared to this, traditional analytics firms take 15-20 weeks to deliver results
We work on an outcome-based model – we get paid only when we meet agreed success criteria
Whether you are clear on the benefits of “wisdom of the crowd” or are simply curious and wish to experiment, an outcome-based model eliminates any risks for you to leverage the CrowdANALYTIX platform – unlike traditional approaches of the FTE / hour model
With PhDs, MBA, MS