Founders of Celegence: The Impact of AI and Automation on Regulatory Services
Artificial Intelligence (AI) and automation are transforming industries worldwide, and the regulatory services sector is no exception. In a recent podcast, Sonia A. Veluchamy and Punya Abbhi, co-founders of Celegence, shared their insights on how AI and automation are reshaping their business and the broader regulatory landscape in a recent episode of the Gens & Associates regulatory executive podcast series.
AI in Action: Enhancing Efficiency and Accuracy
Celegence has been proactive in integrating AI into its services, particularly in the area of medical writing. Punya shared an example of their success, stating, “We’re working with a large pharma manufacturer to see what we can automate from their module three documents. We’re already seeing success with the first few documents, so over 80% accuracy in the first draft and even getting closer to 90%”. This level of accuracy significantly reduces the time and effort required for manual review and editing.
Automation: Streamlining Processes and Reducing Costs
Automation has also played a crucial role in Celegence’s operations. Sonia highlighted the benefits, explaining, “It’s going to definitely take away some of that labor-intensive work that the human is doing. But I think ultimately, it’s going to be the combination of having both the service and the tech where companies will derive value”. By automating repetitive tasks, Celegence enables its clients to focus on innovation and strategic initiatives.
The Future of Regulatory Services
Looking ahead, Celegence is committed to further exploring the potential of AI and automation. Punya expressed optimism about the future, stating, “We’re definitely pretty keen on AI and how it’s going to change the space. If we’re able to continue leveraging the external LLMs that are improving so quickly, we’re going to be able to see some big improvements in the space”. The company’s ongoing investment in technology and innovation positions it as a leader in the regulatory services industry.
AI and automation are set to revolutionize the regulatory services sector, and Celegence is at the forefront of this transformation. By harnessing the power of these technologies, Celegence is enhancing efficiency, reducing costs, and delivering exceptional value to its clients. The future of regulatory services is bright, and Celegence is leading the way.