We interact with labs across many different sectors — the chemical industry, pharma and biopharmaceuticals, petrochemical refineries, the food & beverage industry, biobanking and many more.
What’s the one thing they all have in common, despite industry differences?
Data. And lots of it.
Today, most industries are swimming in data — yet it is often seen more as a burden requiring storage and protection than a resource to tap for better decision-making. While it may appear useless on the surface, most companies have large pools of overlooked data which could provide actionable insights to help achieve performance goals.
As a LIMS company, our interactions with these companies tends to focus on sample testing. This typically involves the infrastructure needed to manage the related instrumentation, workflows, samples, supplies and data. The data matters, because virtually every lab we work with has key performance indicators (KPIs) related to sample testing. With analytics, these KPIs can be used to help improve the operational efficiency and reduce the costs labs experience.
Analytics is Your Company’s Future – Like it Or Not.
That headline may sound like a threatening line from a bad science fiction movie, but it has already proven itself true. The ability of your laboratory to effectively utilize lab data analytics will become increasingly important with time.
Why? Because labs that master their data will be more likely to thrive and succeed in three ways:
- Analytics boost the innovation lifecycle. Insights driven by internal lab data, corroborated with external data, add value to R&D process.
- Lab data analytics help you ensure high product standards by improving the quality forecasting of both finished goods and intermediary products.
- Insights derived from analytics improve the effectiveness of lab networks by enabling better use of human capital (HC) and other resources.
Keeping Pace with Innovation
Today’s laboratories are high-throughput environments, especially in the petrochemical and pharmaceutical sectors, and modern lab equipment captures more data than ever before. As both the pace and the amount of data increase, analytics tools are no longer a luxury. They’re rapidly becoming essential to efficient operation.
Robust analytics tools help technicians generate detailed insights on captured laboratory data. They also enable labs to improve enterprise-wide communications, reach critical decisions faster, and produce timely, accurate reports on end products.
In addition, lab data analytics can help your enterprise ensure product quality standards, optimize the efficiency and throughput of its continuous processes, keep the process parameters within governmental product and safety standards — all while controlling your processes with rigorous testing and real-time monitoring.
A Simple Analytics Solution for Your LIMS
LabVantage Analytics (LVA) makes it easy to seamlessly incorporate powerful analytics tools into a LIMS environment. LVA is a self-service, end-to-end analytics platform with both artificial intelligence (AI) and business intelligence (BI) features.
The platform enables you to take full control of your data by combining data ingestion, pre-processing, storage, analysis, and visualization into a single application. You’ll have the power to harness your LIMS data by leveraging business intelligence and advanced analytics.
Best of all, the entire package integrates seamlessly with LabVantage LIMS, enabling it to operate with a “single application” feel throughout your enterprise. End users will have the ability to use various analysis tools inside LVA on LIMS data based on LIMS access control.
LVA will be pre-installed with a variety of impactful dashboards and reports on LIMS data, enabling quick benefit realization of your investment. Examples of the pre-built dashboards include:
- Number of off-specs per specification number per tank
- Staffs required for testing given amount of samples
- Number of off specs analysis (employee specific, instrument specific)
- Sample result delay per shift (time shift based
- Number of times the result has changed based on employee (specific) or particular test (specific)
- Average request turnaround time
- Median request turnaround time
- Percentage request on time delivery
- Pending requests overdue
- Average requests until due
- And many more
These dashboards will enable your technicians to improve the operational efficiency of your laboratory, monitor testing quality more closely, and reduce the cost of running tests.
Put Your Data to Work for You
LabVantage Analytics will enable you to take your LIMS data to a powerful new level, generating actionable insights even from massive volumes of data. By shining the spotlight on factors that matter most to your business, these tools will help boost the efficacy of your lab’s KPI reporting. You’ll also gain efficient tools for increasing the productivity of lab analysts. In addition, data-driven monitoring will help keep your lab functioning efficiently, while pinpointing the key information you need to make more informed and profitable decisions.