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TECH SUPPLIER Jul 2018 - Taxonomy - Doc # US44090417

IDC's Worldwide Digital Transformation Use Case Taxonomy, 2018: Life Sciences

By: Alan S. Louie, Ph.D.Research Director, Life Sciences, Michael TownsendResearch Manager, Life Sciences Commercial Strategies

Abstract

This IDC study discusses how digital transformation accurately characterizes the life science industry's ongoing efforts to transform itself as it seeks to find new paths to innovation, optimize operational efficiency and effectiveness, and regain long-term sustainability. As in other industries, the digital transformation journey begins with a common definition of mission, strategic priorities, and programs so that individual projects or use cases can better align with a life science company's overall goals and objectives.

"In the increasingly complex R&D ecosystem, researchers, project managers, and senior management are routinely challenged to work smarter and pick paths that will more efficiently and effectively advance promising new medical innovations to market. Transparent access to data, effective exploitation of available tools and technologies, and closer connection between idea and outcome are some of the potential benefits that digital transformation can deliver, if done right," says Alan S. Louie., research director and head of Life Science Practice, IDC Health Insights.

"Digital transformation in the life science industry is allowing pharmaceutical, biotech, and medical device companies to get the right message and product information to doctors and patients the way they want it and when they want it, even when their needs are changing using omni-channel optimization and analytics. In manufacturing and supply chain environments, mobile technology and IoT are introducing visibility into complex and far-flung distribution networks, improving safety, efficiency, and time to market," says Michael Townsend, research manager, Commercial Life Sciences, IDC Health Insights.


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