EPAM Honored as a Recipient of the 2020 Microsoft Health Innovation Award
Press Release: May 28, 2020
The awards recognize health organizations and their technology solution partners for using Microsoft's technology solutions in innovative ways that help enable personalized care, empower care teams, improve operational outcomes, protect health information and ultimately reimagine healthcare. The 2020 winners are impacting the industry by creating breakthrough solutions that empower health and life sciences organizations, while meeting global, local and industry-specific compliance and security standards.
EPAM's iSwarm, received top honors at the Microsoft Corporation's 2020 Health Innovation Awards, in the 'Improve Operational Outcomes' category. iSwarm uses natural language processing and sentiment analysis technology to assess social media conversations, identify and qualify audiences across key adoption stages and enable hyper-targeted consumer engagement.
"It's more important than ever to leverage advanced technologies, like artificial intelligence, to create value and enable clinical trial advancements in healthcare," said
Traditionally, clinical trials fail for a variety of reasons, including the inability to recruit enough participants to meet minimum trial requirements. In fact, nearly one-third of clinical trial budgets are spent on patient recruitment and enrollment,i but 37% of trials fail to meet enrollment targets, and more than 10% never enroll a single patient.ii By integrating iSwarm with Microsoft Azure Cognitive Services, healthcare and life science organizations can use the power of social media to significantly accelerate the identification, qualification and recruitment of clinical trial participants.
"During this both challenging and transformational time in the healthcare industry, organizations are using technology to profoundly impact how they deliver care, evolve business operations, and help people," said Patty Obermaier, Microsoft Vice President of U.S. Health and Life Sciences. "This year's Microsoft Health Innovation Award recipients are advancing the goals of improved patient engagement and care coordination through their innovative use of Microsoft devices, platforms and cloud and AI services."
Nominations were submitted by health providers, payers, pharmaceutical and life science organizations, and public and private health institutions across the world for applying Microsoft technology to create transformative and highly-effective innovations. An esteemed panel of industry experts selected this year's winners based on how their innovations represented a forward-thinking development or implementation of a solution that is delivering groundbreaking results and producing better health outcomes for more people. Recipients will be highlighted on the Microsoft in Health blog at www.microsoft.com/health.
To learn more about EPAM's iSwarm, visit https://solutionshub.epam.com/solution/iswarm.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the
i "Web-Based Patient Recruitment: Best Opportunity to Accelerate Clinical Trials," Cutting Edge Information,
ii Impact Report, Tufts Center for the Study of Drug Development, Vol. 15, No. 1,
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