target audience: TECH BUYER Publication date: Aug 2021 - Document type: IDC MarketScape - Doc Document number: # US48159321
IDC MarketScape: Worldwide Life Science R&D Strategic Consulting Services 2021 Vendor Assessment
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Abstract
This IDC Health Insights study is the second of a three-part life science R&D IDC MarketScape series. With a specific focus on strategic consulting in the life science R&D space, this document seeks to compare major service providers with each other based on criteria that should be important to life science companies when considering the selection of a strategic consulting partner to help provide guidance for strategic, operational, and tactical transformation issues within the R&D space. IDC MarketScape assessment of strategic consulting outsourcing in life science R&D was previously performed in 2011, 2014, 2016, and 2018.
Dr. Nimita Limaye, research VP, Life Science R&D Strategy and Technology, IDC, noted, "These deeply challenging times have resulted in an elevated need for expert guidance on aspects related to digital resiliency, near-term and long-term IT investment road maps, cloud strategy, inputs on research platforms, and enterprise digital strategy. In a world full of distrust and despair, life science organizations are facing newer challenges, such as driving diversity and equity in clinical trials and building trust in trial participants, and are seeking insights on how to navigate this slippery path. As organizations explore newer areas such as cell and gene therapy and computational genomics, and experiment with newer operating models such as decentralized clinical trials, prescription digital therapeutics, digital ecosystems, and federated learning models, they do not need to just build technological capabilities but to drive cultural change within the organization. SC partners that possess the combination of technology implementation, AI/ML-powered data and analytics expertise, and life science domain expertise, complemented by organizational change management skills, will truly lead the way."