ThoughtSphere Acquires Patent for Platform That Quickly Intakes, Processes Study Data
ThoughtSphere, a cloud-based clinical data management provider, has secured a patent for a data management platform that uses statistical and machine learning methods to map, aggregate and standardize clinical trial data from disparate sources.
The new data management platform adapts to any data structure and source — including electronic data capturing systems, electronic medical records and wearables — and allows for the conversion of these trial data to a standardized format. According to the company, clients who use the newly patented tool have reduced data management costs by 30 percent and have saved approximately 50 percent of time in their data management efforts.
Through the end of the year, ThoughtSphere is offering the platform for free to clinical trials focused on COVID-19.