Focused on creating products that improve living organisms' lives, life sciences companies are going through a period of change as they adopt technology that can support their overall digital transformation goals. Operating in the pharmaceutical, biotechnology, medical device, biomedical technology, nutraceutical, and cosmeceutical fields, these life sciences companies must balance their core missions of developing successful cures with operating a profitable business entity.
As they move from the research and development (R&D) phase and into product commercialization, for example, they must scale up quickly to meet the demands of their health care customers and patients.
Throttled by a patchwork of legacy systems, proprietary software, basic QuickBooks systems, and Excel spreadsheets, these companies need unified enterprise systems that can run their end-to-end operation—not just bits and pieces of it. Only then can they attain the desired levels of speed, agility, and scale needed to grow and thrive.