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Biotech

How AI is taking the Biotech industry by storm

5 April 2024 • by Michael R. Wade, Amit M. Joshi in Podcasts

Mike & Amit discuss how artificial intelligence may revolutionize healthcare, and improve our collective quality of life...

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There have been incredible advances in biotech over the last decade, and today, technology is ever-present in life sciences.

Digital tools like AI and machine learning are increasingly used in the development of pharmaceuticals, while physical products like CRISPR are allowing us to edit the very building blocks of life. As Amit Joshi says, we now have “Photoshop for DNA.”

But are these advances getting the attention they deserve?

Mike and Amit argue that in recent years, biotech has been overshadowed by the rise of AI assistants, NFTs, and cryptocurrency.

To balance the scales, this week our IMD professors discuss how artificial intelligence may revolutionize healthcare, and how new technologies may improve our collective quality of life.

Authors

Michael Wade - IMD Professor

Michael R. Wade

Professor of Innovation and Strategy at IMD

Michael R Wade holds the Tonomus Professorship in Digital Business Transformation and is Director of IMD’s Global Center for Digital Business Transformation. He directs a number of open programs such as Leading Digital Business Transformation, Digital Transformation for Boards, Leading Digital Execution, and the Digital Transformation Sprint. He has written ten books, hundreds of articles, and hosts a popular management podcast. In 2021, he was inducted into the Swiss Digital Shapers Hall of Fame.

Amit Joshiv - IMD Professor

Amit M. Joshi

Professor of AI, Analytics and Marketing Strategy at IMD

Amit Joshi is Professor of AI, Analytics, and Marketing Strategy at IMD and Program Director of the Digital Strategy, Analytics & AI program, Generative AI for Business Sprint, and the Business Analytics for Leaders course.  He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

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