When Do Life Sciences Companies Rely Most On Technology?

In many life sciences companies, the strategic value and use of technology changes with the milestones of the business lifecycle. Our survey helped us understand the shifting priorities for relying on technology as life sciences organizations come to a more expansive understanding of what digital tools can help them accomplish.  Below, we consider survey findings that illustrate how life sciences companies view and treat technology and how we assist them in reaching their goals.

A survey of life sciences companies was conducted to better understand how these organizations take advantage of ERP systems and what their goals and challenges are when it comes to planning and using technology. Close to half of the survey respondents were at the commercialization stage and almost a quarter were performing phase II or III clinical trials. In this article, we showcase the most interesting survey findings and comment them from our perspective as a technology consultancy that serves many life sciences clients.