Optimizing information access: A strategic imperative for R&D in the race for new products

Optimizing information access: A strategic imperative for R&D in the race for new products

It’s clear from the protracted length of R&D timelines that most scientific breakthroughs don’t happen overnight and are instead the result of numerous cycles of trial and error. But what does this process actually look like, and is there a way to shorten or even eliminate some of these cycles? By dissecting how scientists spend

It’s clear from the protracted length of R&D timelines that most scientific breakthroughs don’t happen overnight and are instead the result of numerous cycles of trial and error. But what does this process actually look like, and is there a way to shorten or even eliminate some of these cycles? By dissecting how scientists spend their time, critical opportunities are revealed to expedite the process, saving resources and delivering critical breakthroughs to market faster. For example, research shows that scientists spend seven hours per week searching for information they need to advance their research. If scientists could reduce the amount of time they spend looking for the data, they could accelerate innovation and reach their company’s R&D goals faster. In this blog post, I highlight how optimizing information access within research workflows can expedite R&D timelines and boost productivity and profitability.

Read this recent market insight study on how upgrading to SciFindern impacted productivity for research chemists in industry.

The importance of having the right information

The R&D landscape is highly competitive. For companies to be successful, they need to work efficiently and be confident in their product innovations. But this is only achievable if research teams have ready access to high-quality, up-to-date and accurate information. Yet with the volume, complexity and interconnectedness of data increasing exponentially, it can be challenging to keep up with the latest developments.

Recent data shows that researchers spend approximately 18% of their time searching for the scientific data needed to understand the state of the art, generate ideas and hypotheses, and minimize costly rework. In addition to the time spent, this ultimately has cost implications of around $15-20K per scientist annually. While this effort is essential to the research process, it is plagued with inefficiencies. By providing access to technology that allows researchers to efficiently obtain actionable results, organizations can drive innovation forward and gain a competitive and financial edge. For example, SciFindern is a next-generation solution that leverages the CAS content collection, specialized technology and extensive expertise to markedly improve business productivity over existing research solutions in the marketplace.

Three proven opportunities to enhance R&D efficiency

Compared with other research solutions, including SciFinder, SciFindern enables improved innovation and helps teams proceed with projects more confidently and work faster. Looking at three key R&D workflows – synthetic planning, literature reviews and IP analysis – a recent study demonstrates how SciFindern can help organizations achieve or surpass their R&D goals.

Synthetic planning is an obvious prerequisite for small molecule R&D within numerous industries, such as pharma and specialty chemicals, but it is complex and time-consuming. Scientists must research multiple variables, from material cost and availability, to yield and procedural complexity. By rapidly building synthetic plans for a molecular target from readily available and affordable starting materials, scientists can expedite timelines by 53% when using SciFindern compared to its predecessor, SciFinder.

Reviewing literature is also an essential part of a scientist’s role, providing a deep understanding of the research landscape for a technology of interest, as well as a means to stay up-to-date with recent developments and breakthroughs. Alarmingly, over half of scientists’ searching time involves sorting through results to find actionable information! SciFindern provides an ideal solution, with its powerful search function that recognizes chemical meaning in its prioritization of search results. With SciFindern, scientists were able to conduct literature reviews 54% faster than with SciFinder.

Another crucial aspect of R&D is IP landscape assessment. For organizations to have confidence in the novelty of their invention, understand their competition and identify potential research partners, as well as to scope out potential new avenues for innovation, they need to monitor the competition and identify the all-important white space for their patents. However, the rapid pace of product development presents a challenge. For a comprehensive view of the chemical IP landscape, SciFindern is the only scientific research solution that makes specific chemical structure searching and unique Markush searching capability, e – and does it all about 10% faster than SciFinder.

Unlocking productivity with SciFindern

In the race to innovate, organizations can’t afford to have bottlenecks in their R&D workflow, and without access to critical information sources, they face significant productivity challenges. As the volume, complexity and interconnectness of data continues to increase, keeping abreast of the latest information is even more important for staying ahead of the competition. By allowing scientists to search faster and smarter using next-generation information solutions like SciFindern, organizations have a tangible and measurable impact on their success. To find out how SciFindern can help your organization, read our market research report.

Soruce: https://support-cas-org.ezproxy.uindy.edu/blog/optimizing-information-access

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