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2023 | July / August 2023

Building a lab of the future: how to drive business value at the bench

by cyb2025
A. Marcus
AI
artificial intelligence
Data Analysis
data management
digital transformation
Lab of the future
machine learning

ALAN MARCUS
Chief Growth Officer, LabVantage Solutions, Inc., USA

ABSTRACT

Artificial intelligence and machine learning are bringing digital transformation in labs to the next level, helping to fuel the emergence of “the lab of the future.”
Rather than focusing on data collection, the lab of the future enables data analysis, which in turn helps companies identify important lessons, insights, warnings, and opportunities coded inside scientific data. In the lab, this means greater efficiency and speed-to-market; in the boardroom, it means scientific data is available to support critical decision-making; on a global scale, it positions labs to help address humankind’s most complex and dynamic problems.

INTRODUCTION
Whether your lab is still bound by paper-based processes or you’ve planted a flag in the metaverse, you’re likely feeling pressure to take your digital tools to a new level and become a “lab of the future.” But deciding what your next steps should be—and how to gain business value from your investment in artificial intelligence and other digitally advanced technologies—can be a challenge.

ABOUT THE AUTHOR

Alan Marcus is chief growth officer at LabVantage Solutions and its sister company, TCG Digital, where he oversees strategies to meet evolving customer needs. He is expanding reach through strategic partnerships, and growing opportunities in adjacent markets. He is developing leverage between the companies in pursuit of increased economic value to their respective customers. He is also an independent director at MetricStream and held previous executive positions at Planet Smart City, the World Economic Forum, and Symbol Technologies and Cisco.

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