June 11th, 2021
Venk Dakshin of Alexion Pharmaceuticals recently joined Ashwin Nayak of Zaloni in a webinar on Alexion’s journey to data governance success using the Zaloni DataOps methodology and platform. Venk, who is Alexion’s Senior Director of Enterprise Applications and Architecture, began by illuminating the importance of data governance in healthcare and pharmaceutical industries, with particular emphasis on treating rare diseases.
The statistics on rare diseases are staggering:
Based on these numbers, rare diseases don’t seem so rare.
Venk continued on to talk about Alexion’s role in helping to get those people treated for their rare diseases. He discussed how critical data quality and analysis are to the operational excellence of a pharmaceutical company in solving these large-scale problems.
“Data governance is the key for us to get greater value and insight across multiple data domains and data sources… Enterprise data governance enables us to move from a siloed functional strategy and tools to aligned enterprise data strategy based on collaboration and consistent tools. It really helps us treat data as an enterprise asset.” – Venk Dakshin, Alexion
Venk mentions that an analyst or data scientist from a pharmaceutical company typically spends 70% of their time navigating the organization’s tribal knowledge and only 30% answering pressing business questions.
That means 70% of critical time understanding deadly rare diseases is potentially wasted on:
How many more lives of those with rare diseases could be saved if analysts could answer the pressing questions 70% faster?
Slide 4 from the webinar: Data Governance Best Practices with Alexion Pharmaceuticals
Slide 5 from the webinar: Data Governance Best Practices with Alexion Pharmaceuticals
The above image represents the key phases of a journey to data governance maturity, according to Venk Dakshin at Alexion.
Data governance offers continuous improvement to all functions of the business, from R&D to supply chain to sales and marketing.
Take these steps to deliver success:
Create a “Google” for business data
Consider an end-to-end platform that allows you to catalog, control, and consume data in one place, like the Zaloni Arena DataOps platform.
“Maturity takes hard work, time, and consistent focus. It’s not easy, but you reap the rewards of being on top of your data game.” – Says Venk, and when that “game” is creating new drugs to save the lives of children with rare diseases, enterprise-wide data governance is of utmost importance.