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Maintaining data stability is paramount for ensuring confident decision-making and regulatory compliance within the life sciences sector. Making confident business decisions requires the ability to differentiate data anomalies from real market events. This final blog in our 3-part series delves into the critical aspects of data investigation, issue escalation, and data linking and integration. By establishing robust processes for identifying and addressing data anomalies, and ensuring compliance with supplier guidelines, companies can mitigate risks and maintain trust with stakeholders. The following best practices will guide life science organizations in navigating the complexities of data integrity and ensuring that their data-driven initiatives are built on a solid foundation.
A robust data investigation and issue escalation process is vital for maintaining confidence in data. Organizations should have a clear process in place for uncovering and mitigating data discrepancies. This includes having a dedicated support team that proactively communicates any data issues to stakeholders. This team should not only notify you of any issues impacting your data deliverables and products, but also provide guidance on how best to navigate data issues and disruptions with minimal impact to business analytics, on-going reporting, and KPI calculations.
A robust support structure ensures that stakeholders can rely on the data, maximizing their return on investment (ROI), and yet many data aggregators in the industry fail to recognize the value of such support, often adopting a "drop it at your front door and walk away" approach. This lack of adequate attention can hinder the purchaser's ability to fully leverage their data investment.
A dedicated support team that proactively monitors data quality and communicates issues to stakeholders can help mitigate risks and ensure that data-driven decisions are based on accurate information.
Ensuring that data linking and integration processes are comprehensive and compliant with supplier guidelines, and that they take the necessary steps to maintain minimal risk of patient re-identification, is paramount. When data sets are linked at the patient level, even when the participating datasets are de-identified, the risk of patient re-identification increases due to the accumulation of more data points on individual patients. To mitigate this risk, it is essential to have a comprehensive data privacy and governance framework in place. This framework should include thorough reviews of data flows, supplier contracts, and data models, as well as ensuring that all necessary privacy certifications are obtained before any project is initiated.
Moreover, it is crucial to work with partners who adhere strictly to supplier guidelines. Failure to do so can jeopardize the free flow of information and the stability of the data supply. Non-compliance with supplier guidelines can lead to suppliers terminating their relationships with partners or withdrawing their data from the market, which benefits no one. Therefore, choosing data partners who are committed to maintaining high standards of data privacy and governance is essential for ensuring long-term data integrity and reliability.
In the life sciences, data stability is a fundamental aspect of delivering high-quality patient care and achieving business success. By understanding the key considerations and implementing best practices, organizations can navigate the complexities of data integrity and ensure that their data-driven initiatives are built on a solid foundation.
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