Tech Quest Winner: 10xDS’ TrackIt Revolutionizes Regulatory Affairs with AI
Tech Quest, an initiative spearheaded by L’Oréal Middle East, witnessed intense competition as 535 companies vied to provide solutions for L’Oréal’s key innovation challenges. From warehouse optimization to AI-powered social listening, the event aimed to harness the ingenuity of startups in driving forward-thinking solutions.
Out of the numerous contenders, 14 were shortlisted, with only 7 finalists making it to the ultimate stage. Amongst them, 10xDS clinched the top spot for their groundbreaking innovation in the AI in Regulatory Affairs category.
The winning solution, TrackIt, addresses the arduous task faced by industries such as cosmetics, medical devices, pharmaceuticals, and packaged food in complying with diverse global regulations. By leveraging artificial intelligence, TrackIt streamlines the regulatory affairs process, offering a seamless solution for navigating through intricate compliance requirements.
The traditional process of sourcing critical information, decoding product artwork, and navigating compliance portals has long been a time-consuming and challenging ordeal. However, TrackIt revolutionizes this landscape by automating data sourcing from various channels and extracting key data points directly from product artwork with unmatched precision and efficiency.
Moreover, TrackIt introduces a powerful app interface that allows users to preview and verify extracted data against master data, ensuring compliance at their fingertips. The automation further extends to seamlessly submitting requests in each country’s government portal, thereby streamlining the entire regulatory affairs process.
In an era where efficiency, accuracy, and compliance are paramount, TrackIt emerges as a beacon of innovation, offering an efficient, accurate, and hassle-free solution to the intricate realm of regulatory affairs. With its transformative capabilities, TrackIt stands poised to revolutionize the way industries navigate through the complex landscape of global regulations, promising a future where compliance is not just a requirement but a seamless part of the innovation journey.