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ARTICLE · 12 JUNE 2024

5 Ways AI Is Impacting Life Science Companies Right Now

Buchanan Ingersoll & Rooney
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Well into 2024, artificial intelligence continues to be the number one topic of discussion across industries and in media.

United StatesTechnology
Buchanan Ingersoll & Rooney PC
Buchanan Ingersoll & Rooney PC
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Well into 2024, artificial intelligence continues to be the number one topic of discussion across industries and in media. As technology improves, more and more life sciences companies are beginning to introduce or develop their own AI platforms and advanced technology systems for both product creation and business management.

However, while AI and advanced technology offer a pathway to greater innovation, they also open another door for bad actors to target life sciences companies through data breaches, ransomware, and data infiltration. Regulations around cybersecurity and protections for AI continue to evolve quickly in response to these new developing technologies. Nevertheless, the Department of Justice has made it clear that companies will need to show that compliance programs address and mitigate risks related to the use of AI if and when breaches do arise.

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