Article | October 17, 2023

What Kind Of Technology Do Life Sciences Companies Rely Upon Most And When?

Source: Sikich

Within numerous life sciences enterprises, the strategic role and application of technology evolve in tandem with the stages of the business lifecycle. In a survey conducted by experts at Pharmaceutical Executive, in partnership with Sikich, researchers were able to gain invaluable insights into these dynamic shifts in technology reliance, as life sciences organizations continually broaden their perceptions of the potential of digital tools. Specifically, results revealed that 60% of professionals in the life sciences field are actively seeking ways to enhance operational efficiencies.

This pursuit is exacerbated by the prevailing talent shortage crisis, making business applications, such as ERP, increasingly pivotal in enabling companies to achieve more with limited resources. Although there is a strong inclination to deploy software solutions across various business domains, spanning finance, patient management, and laboratory operations, survey respondents have indicated a variety of challenges associated with their current systems.

Access the full article for additional survey findings that vividly depict how life sciences companies perceive and engage with technology, highlighting Sikich's integral role in helping them achieve their objectives.

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