The growing promise of AI is gaining momentum in the biopharmaceutical sector, driven by the increasing adoption of AI/ML technologies, particularly among larger companies. According to Benchling’s 2023 State of Tech in Biopharma report, 67% of large biopharma companies (1,000+ employees) have already adopted AI/ML, compared to just 23% of small biopharma companies (<1,000 employees). This stark contrast highlights how large biopharma firms are leading the charge in AI adoption, making it a second-highest investment priority, just behind R&D data platforms. As a result, these companies are positioning AI as a critical tool to accelerate drug discovery and the broader R&D lifecycle. The majority of senior leaders at large biopharma companies are actively driving AI/ML initiatives, with 50% reporting top-down support to push these technologies forward, significantly outpacing the 28% of small companies with similar executive backing.
The impact of AI on biopharma is expected to accelerate in the coming years, with three-quarters of respondents at large companies anticipating AI/ML to significantly reduce timelines to key milestones within the next 12–24 months. As the AI-driven transformation in biopharma unfolds, the industry’s adoption of cloud-based scientific software and SaaS is also on the rise, with 23% of small biopharma and 17% of large companies already embracing these platforms. However, small companies are adopting a more cautious approach, primarily relying on pilots or proof-of-concept projects. As AI’s capabilities continue to be proven, the broader biopharmaceutical sector is set to benefit from faster drug discovery processes, enhanced decision-making, and optimized R&D operations, driven largely by the leadership and investment in AI by larger biopharma firms.
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