Abstract

The IDC study provides a visual representation of the process of technology adoption, dividing technologies into three major categories based on their impact on the organization and assessing technology relative adoption levels within their respective categories. The study examines individual technology categories and provides additional insights about the speed of adoption, technology potential for success (risk), and level of market buzz so that end users may make their own decisions about investment.

"The life science industry has undergone digital disruption, significantly accelerated by the global pandemic. There is a critical need to curtail R&D costs and leverage technology to drive faster approvals and rapid innovation," says Dr. Nimita Limaye, research VP, Life Sciences R&D at IDC Health Insights. "As the world goes increasingly 'patient centric,' there is a growing need to develop technology solutions that not only deliver innovative therapies but also enhance the patient experience and build trust. The choice of technologies adopted today will set the stage for innovation in the future."

Coverage