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TECH BUYER Mar 2019 - IDC TechScape - Doc # US42144718

IDC TechScape: Worldwide Life Science R&D IoT Technologies, 2019

By: Alan S. Louie, Ph.D.Research Director, Life Sciences

Abstract

This IDC study provides a systematic assessment of IoT technology use cases and adoption momentum within life science R&D. This IDC TechScape is an evaluation model based on a comprehensive framework and a set of parameters that assess a technology's adoption progress relative to one another and to those factors expected to be most conducive to success over both the short term and the long term. In breaking technologies into three major adoption categories — transformational, incremental, and opportunistic — this IDC TechScape aspires to provide IT buyers with an industry snapshot as to where specific technologies lie today relative to current industry best practices. In addition, this IDC TechScape identifies technologies likely to become best practices in the future and their current state of adoption maturity relative to each other. Within our discussion of individual technologies, we also identify our analyst best opinions regarding key momentum factors — highlighted as IDC TechScape Markers of Momentum, where we rate technologies based on adoption speed, risk, and market interest.

According to Alan S. Louie, research director, Life Sciences, at IDC, "While the commercial segment of the life science industry and numerous other industries have embraced IoT technologies to deliver significant near-term value and new best practices to their organizations and customers, the use of IoT technologies in life science R&D continues to remain early in adoption. To date, the lack of a 'killer app' and the need for proven performance in a highly regulated environment have limited the broad adoption of IoT. However, as new industry-centric tech innovation and new crossover IoT applications from the healthcare industry emerge, we expect significant substantial new adoption opportunities to be realized over the next several years."


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