A Data Science Central Community
Image taken from eletsonline.com
INSOFE scientists developed novel algorithms that could be used by pharmaceutical industry to check fraud in clinical trials. Typically, Pharma companies follow a tedious, semi-manual approach to solve this all important (billion dollar) problem. What makes it difficult is the low occurrence (1 in 100,000 records). But, we developed algorithms that can plough through millions of records, identify every possible instance of fraud and present them in a easy to use manner for the operational person (typically a non-mathematician). The algorithms are being tested on real data and results are very encouraging.