By Chris Manchester, Managing Consultant, Sikich
In our contemporary landscape, we inhabit a data-centric world where the significance of data is paramount. For life sciences companies, and Clinical Research Organizations (CROs) in particular, data holds even greater importance; it is not merely the lifeblood and guiding light of their operations, but their very raison d’être. Hence, the precision and accessibility of this data are of paramount importance. Regrettably, however, CROs often grapple with fragmented project management and disarrayed data structures, hampering their ability to harness the true potential of their data. Many have even been reported to operate without access to modern, centralized tools that otherwise could empower them to maximize the value of their data, resulting in inefficient operations marked by delays, inaccuracies, and reduced efficiency.
There's a common adage that individuals can become so immersed in the day-to-day operations of their business that they neglect the essential task of strategically managing and developing the business itself. In the case of CROs, their primary focus naturally centers on research, which is their core mission. But the truth is that the adoption of such tools could actually revolutionize the way they conduct research and expedite their quest for novel breakthroughs, while also ensuring the utmost accuracy and compliance in their endeavors.
Read this article to learn more about how CROs are being challenged by siloed project management, how these obstacles can be overcome with the right technology, and approaches to effectively implement these solutions for more positive trial outcomes.