Laboratories and manufacturing facilities generate vast amounts of critical operational data. But without effective tools to interpret this data, its potential to boost financial and operational performance and efficiency go untapped. Implementing business intelligence (BI) for life sciences has become essential for transforming raw data into astute decisions that optimize facility and equipment management.
BI tools are gaining popularity across industries. For example, the global healthcare business intelligence market was valued at $6.9 billion in 2021; it is projected to expand at a compound annual growth rate (CAGR) of 13.5% through 2030. This is because BI is seen as the key to improving patient safety, reducing costs, and improving clinical performance.
Elemental Machines’, through our own Dynamic Data Reports and robust data integration capabilities that leverage Snowflake to power leading BI tools like Power BI or Tableau, is continually driving our platform to better enable a robust BI strategy with our customers. This strategic offering empowers laboratories and manufacturing facilities to gain greater operational advantages from their data, saving time, resources, and — most important of all — money.
Business Intelligence ROI in Life Sciences
BI platforms are essential tools for organizations that are looking to move beyond basic data collection. Here’s how BI transforms laboratory and manufacturing workflows:
Consolidated Data for a Single Source of Truth
Life science and manufacturing environments generate vast amounts of data from sensors, instruments, and workflows. BI platforms aggregate these data streams into one centralized system, breaking down silos and ensuring all stakeholders work from a single, reliable source of truth.
Enhanced Real-Time Monitoring & Process Optimization
BI enables labs and manufacturers to track and analyze real-time sensor data to optimize processes and prevent costly disruptions. With Elemental Machines’ life sciences IoT platform, users don’t just see data — they gain instant visibility into equipment health, temperature stability, usage patterns, and environmental conditions, making it possible to act before small fluctuations lead to major failures.
Cost Analysis & Resource Optimization
With BI, organizations can track equipment utilization, energy consumption, and maintenance schedules to improve resource allocation. These and other data-driven discoveries help facilities optimize asset management, avoid unnecessary expenditures, and prolong equipment life span — translating directly to reduced operational costs.
Quality Control & Compliance Reporting
Regulatory compliance in life sciences requires precise data integrity, audit trails, and reporting. BI platforms automate compliance tracking, ensuring that labs and manufacturers stay audit-ready while maintaining strict regulatory adherence. Automated documentation reduces the burden of manual reporting and increases confidence in data accuracy.
Performance Benchmarking & Predictive Analytics
Historical data aren’t just for past reporting, they facilitate predictive intelligence that help forecast equipment failures, track efficiency trends, and benchmark performance against industry standards. With AI-enhanced BI, organizations can finally make the transition from reactivity to proactivity.
How Elemental Machines Powers BI Capabilities
We believe that your data should work for you — after all, it’s your data. That’s why we’ve built a flexible BI solution that allows organizations to either leverage our built-in Dynamic Data Reports or integrate with leading BI platforms to customize and enhance their analytical workflows.
Here’s how our BI framework is structured:
The Elemental Machines’ Dashboard — Your Data Hub
The Elemental Machines’ Dashboard is your foundation for real-time monitoring and data visualization, including:
✔ Streaming sensor data for instant operational awareness
✔ Elemental Machines’ Custom Dashboards and Floorplan views to see your entire lab at a glance
✔ Configurable reports and alerts for equipment status updates
✔ Data download capabilities (CSV, PDF, etc.) for recordkeeping and further analysis
Dynamic Data Reports — User-Driven Analytics
For organizations needing greater flexibility and analytical depth, Dynamic Data Reports deliver:
✔ Personalized and detailed ad-hoc reports
✔ Contextual data labeling
✔ Performance tracking and alert histories
✔ Eye-opening workflow insights that can save your organization valuable time and resources
Data Transfer — Integration With External BI Tools
For enterprises requiring a full-scale BI solution, Elemental Machines’ data plug right into external BI tools such as:
✔ Snowflake, BigQuery, and other BI platforms for large-scale analytics
✔ Data warehouse access to combine lab and manufacturing data sources
✔ AI-powered insights that enhance enterprise-wide decision-making
The Future of Lab Intelligence? Making Data Work for You
The value of business intelligence for life sciences lies in its ability to simplify complexity. Through real-time monitoring, predictive analytics, and customizable reporting, BI platforms empower labs and manufacturers to optimize operations, reduce costs, and ensure compliance. And it does it all while making data more accessible and actionable.
No matter where you are in your data journey — whether you’re looking for a turnkey BI solution or simplified integration with your existing BI tools — Elemental Machines delivers a flexible approach to ensure you get the most out of your data.
Ready to take control of your lab’s data?