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Eliminating the Digital Divide in Life Sciences, Part 1: Compliance Concerns

The velocity at which digital transformation is reshaping business models seems utterly chaotic in a compliance-based industry

Credit: Gerd Leonhard

Matthew M. Lowe
Wed, 04/24/2019 - 12:03
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All articles in this series
Eliminating the Digital Divide in Life Sciences, Part 1: Compliance Concerns
Eliminating the Digital Divide in Life Sciences, Part 2
Eliminating the Digital Divide in Life Sciences, Part 3: The Truth About Cloud Security
Body

It’s human nature to resist change, and the life sciences industry is not exempt from a change-averse mindset. The proof: Life science organizations (LSOs) lag far behind counterparts in other sectors in implementing digital technologies that are designed to streamline business and manufacturing processes.

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In fact, while the rest of the world continually vies for digital differentiators, only 21 percent of LSOs even view digital disruption as a potential threat, according to PwC’s most recent Digital IQ survey. The causes of LSOs’ digitization reluctance are abundant and legitimate—security, cost, data integrity and validation concerns are just a few—but fears about regulatory compliance are usually at the top of that list.

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Submitted by Anonymous (not verified) on Tue, 04/30/2019 - 09:19

Very insightful! Sadly,

Very insightful! Sadly, what's holding most LSO's back from automation, is analysis by paralysis... and they will lose to their competition who breaks through that.

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