As we make our way through 2020, job candidates and recruiters alike must be aware of the different trends in the biotechnology, medical device, pharmaceutical, and life sciences industries in order to gain a competitive advantage against other candidates and recruiting firms respectively.
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Here are 3 big trends in the biotech, pharma, life sciences and medical device industries for hiring, what it means for candidates, and what recruiters are looking for.
Increase In Artificial Intelligence
Artificial Intelligence, or AI, is machine intelligence that is demonstrated by machines. Deloitte, one of the Big Four accounting organizations, detailed in a healthcare and life sciences report a trend towards an increase in AI technology in biopharma in 2020.
In the fields of biotechnology and pharma, top firms in the industry have been strategically working to bring about new breakthroughs aiding in the discovery and development of new drugs, quickly identifying and curing complex and rare diseases, cancer screening technology, and meeting deadlines in clinical trials. These companies are seeking to accomplish this through partnering with AI organizations.
Biotech recruiters and recruiters for pharmaceutical companies will look for candidates with experience in artificial intelligence in the years to come as we continue to move into a technology-driven job market.
In life science recruiting, the industry is moving slower in unlocking the potential of AI and machine learning to develop new products and discoveries. However, there still exists a trend of the life sciences industry moving towards it, which means for companies that it can be beneficial to hire candidates skilled in tech for your life sciences executive recruitment needs.
R&D in Drugs and Medical Devices and The Talent Shortage
In the biotech and life sciences industry, with technological breakthroughs we have been seeing continuous new developments and improvements in drug research. More doctors are becoming more accurate in their diagnoses and the effectiveness of patient care is increasing, allowing the space for increased efficiency in patient treatment, medical assessment devices, and lab equipment.
For medical device executive search firms, there is an evident talent shortage in the market which is set to increase as the Bureau of Labor predicts an increase in the number of medical device positions. For professionals in drug research and the medical device industry, medical device executive recruiters will conduct searches for professionals who exhibit skills in a variety of fields such as engineering, biotechnology, pharmaceuticals, IT, chemistry, and many more in an effort to save and further develop the industry for many years to come.
Big Data Integration
Big Data is difficult to manage and maintain. Big Data is known for having the ability to breakthrough and revolutionize different areas in life. In order for the life sciences industry to stay ahead and keep up with the latest developments, it must stay in line with big data requirements. In its infancy, it was a big challenge for data analysts in the life sciences industry to manage gathering and interpreting information for efficiency.
In order for practices within the life science industry to improve, lifesci search recruiters will seek skilled professionals in cloud computing and cloud management in their recruiting efforts.
For recruiters and hiring managers looking to find success in the job market, it will be key to take a more flexible approach to science recruiting and recruiting candidates in these industries, as technology continues to revolutionize these industries. For candidates in the life sciences, medical device, and biopharma industries, they will have to have a passion for continuous learning and be willing to become skilled in many different areas as there continues to be breakthroughs in technology. The candidate that is open-minded, skilled, and analytical will be the candidate to come out on top in the job market.