Title
AWS re:Invent 2022 - How Moderna and Takeda accelerate drug research using real-world data (MKT201)
Summary
- Praveen Haridas, lead for healthcare and life science industry vertical for AWS Data Exchange (ADX), introduces ADX and its benefits for life science enterprises like Moderna and Takeda.
- AWS Data Exchange has over 300 data providers and 3,500 public data sets, with expanded data delivery methods including file-based, Redshift, and API.
- ADX is integrated with AWS services, allowing for secure, compliant, and efficient data ingestion and usage, adhering to HIPAA, GDPR, and high-trust requirements.
- Sunil Dravida from Takeda discusses the importance of real-world data (RWD) in healthcare and the challenges in acquiring and integrating it.
- Takeda leverages ADX to streamline data acquisition, improve governance, and accelerate drug development processes.
- Carlos from Moderna explains how ADX simplified their data acquisition and management, reducing the time and complexity involved in onboarding new data sources.
- Both Takeda and Moderna have seen significant improvements in data strategy, efficiency, and the ability to make data-driven decisions since adopting ADX.
Insights
- AWS Data Exchange is a powerful tool for life science companies, enabling them to access a wide range of data sets efficiently and securely.
- The integration of ADX with AWS services simplifies the data ingestion process, allowing companies to focus on data analysis and insights rather than data management.
- Real-world data is critical for the healthcare industry, as it provides insights beyond controlled clinical trials and can lead to faster drug development and approval processes.
- The challenges of data acquisition, such as finding fit-for-purpose data, dealing with various data formats, and managing subscriptions, can be significantly reduced with ADX.
- By using ADX, companies like Takeda and Moderna have been able to reduce the time to onboard new data sources from weeks to days, streamline their data pipelines, and improve data governance and cataloging.
- The adoption of ADX has led to a more unified data strategy for these companies, enabling them to avoid data silos and make more informed decisions across different departments.
- AWS Data Exchange's new features, such as direct access to provider's S3 buckets and integration with AWS Lake Formation, offer even more flexibility and efficiency for data consumers.
- The case studies of Takeda and Moderna demonstrate the tangible benefits of using AWS Data Exchange in terms of cost savings, improved data quality, and accelerated time-to-market for new drugs and therapies.