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A Technical Overview of Alchemy IT, this is for You!

  Nikola Milinkovic     Dusko Vesin   |   September 18, 2019

What Is Alchemy?

Simply put, Alchemy is something new.

The lab is the nexus of numerous business processes. Customer opportunities come in from sales. Product line requirements come in from marketing. Labs do projects for both sales and marketing and run their own projects on top. Each sample has a lifecycle within a project. Chemists are the driving force behind all of this work.

From a software standpoint, the information related to each of these business processes is disconnected and spread across different systems. CRM tracks the workflow of salespeople. LIMS tracks the workflow of samples. There isn’t great software that properly tracks the non-linear workflow of projects and chemists. And no software has ever connected all four, until now.

But these current solutions aren’t going to help you compete in the new era of competitive innovation. To accelerate innovation, improve customer service, and win more deals you need something new.

How Does Alchemy Do This?

Alchemy's core configuration engine quickly interprets requirements for lab workflows and renders custom applications that chemists use in their labs to do their work. These applications are based on each customer's unique ontology and feed a custom semantic data model Alchemy defines specific to each customer.

As chemists work in Alchemy-generated applications, they enter, use, search, and reuse data from the system via a web UI. As they work, Alchemy stores, assigns meaning to, and establishes relationships across a clean, meaning-and relationship-rich, digital dataset. The data in the system has meaning to the system, so the system can learn from it and you can run AI/ML. The architecture is depicted here.

Alchemy Technical Architecture

Alchemy Blog

There isn’t great software that facilitates the non-linear workflow of lab projects and chemists. Here is an overview of common legacy software running in labs and their primary drawbacks:

What Are the Business Benefits of Alchemy’s Architecture?

Alchemy’s architecture enables significant customization without sacrificing speed and gives you a holistic view of your lab operations for optimization.

You can quickly build and edit a library of custom applications via simple web UI. These custom applications are based on your actual chemist workflows, so you can optimize at multiple levels: opportunity, project, project type, project stage, task, chemist, or formula.

Alchemy collects data from chemists as they do their work, and can ingest relevant data from CRM and from lab equipment directly or from LIMS. This enables you to aggregate, relate, and analyze lab data holistically across all of your lab operations.

What Are the Technical Benefits of Alchemy’s Architecture?

Alchemy is powerful relative to legacy apps which are based on fixed data models. Our primary technical advantages are that we enable:

Alchemy’s proprietary workflow engine addresses both the uniqueness of the industry and your company’s proprietary processes. Alchemy generates custom applications for you to digitally execute your innovation, product development and service delivery processes, however you define them. We build into your unique workflows the functionality you would normally access in separate tools and software, so that people using Alchemy have access to both the data and the tools to do their job efficiently in one application.

Conclusion

Alchemy is a next-generation application platform that transcends the capabilities of "legacy" software to which the industry has become accustomed. Alchemy solves multiple technical and operating challenges by generating a custom ontology, semantic data model, and rule set for each customer on which their custom applications are generated. For the first time, companies can centrally manage and optimize across diversified lab operations and lab staff can be empowered with access to clean, meaningful, and relationship-rich data at scale.

Invest in technology that will help you compete

References:

  1. IDC, Interact, McKinsey & Co.
  2. CIO.com

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