The pharmaceutical industry has a long history of utilizing advanced technology to improve human health, but unlike other industries, recently having life sciences began to realize the benefits of the cloud. Currently, companies that focus on drug development are leveraging clouds to create central locations for all data covering the entire continuum of drug development, allowing researchers and patients to access data no matter where they are geographically and to share information faster than ever before.
However the industry can learn how to use power of cloud. There are many potential benefits for both patients and researchers, and the industry in achieving their distance of awareness.
One of the biggest challenges facing the life sciences industry is the cost and the length of time it takes to bring therapies from discovery to commercialization, which is now estimated at 12 years and £ 1.15 billion. Unlike other industries where the benefits of clouds are only efficacy, in health care, clouds can impact changes to speed where patients can get the medicines they need.
However, life science companies should also balance the demand for drug discovery and development resources with manufacturing, marketing, sales and distribution. For life science companies, the need to manage and build internal technology infrastructure, an important but not distinguishing capability, can be regarded as an interruption of the mission of developing therapeutics that improves human health.
This industry can leverage on the widespread global cloud and infrastructure, allowing access to significant untapped opportunities, not just storing information but improving processes and driving efficiency.
With a shared data platform built on the cloud computing model, companies can achieve temporary efficiencies as well as overcoming the significant privacy, security and compliance challenges facing the worldwide pharmaceutical industry.
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