Connecting the life sciences ecosystem to drive flexibility, efficiency and cost reduction

By Sharad Khusal

The age of the life sciences silo is coming to an end. Increasingly, companies are recognizing the need for and even pushing for a connected ecosystem to manage the entire life cycle of a product. Companies don’t want their solutions to work in isolation — they want seamless integration between product management, content management, submission management, registration and tracking.

Interoperability has become a primary objective for decision makers. Multiple applications need to interact to perform a life sciences business process, and digitization is making this process easier. Also, many different players are involved in the process of storing, authoring, reviewing and signing-off on a product submission, which means information needs to traverse functions.

Another incentive for companies is cost reduction and efficiency, which is why many organizations are looking at how to make use of existing applications and infrastructure, while modernizing them to achieve some of those savings and efficiencies.

Tied to both of these objectives is platform capability. Increasingly, companies see the cloud as a way to do more with less by leveraging an infrastructure that allows them to retain their current investments in solutions and applications while achieving cost savings.

Automation and AI

Productivity is another important driver. In a highly competitive landscape, with pressure to meet business and regulatory agency timelines, automation is high on the radar. Companies are considering how they might leverage artificial intelligence (AI) capabilities — whether on the data analytics side to determine how they’re performing with the quantity of their submissions, or to gain better insight into the data they’re storing. For that, they need a seamless data flow to ensure that unstructured data is converted into information and knowledge. Having these insights would also make them more efficient in the long term.

As life sciences companies seek to enhance the flow of information across the business, there is a push to converge multiple capabilities into one homogenous application or digital platform that will allow them to achieve their business objectives. That flow of information and data ensures greater visibility of valuable information, which helps to drive better collaboration between functions and professionals, and that in turn results in increased knowledge in the organization, making it possible to innovate faster.  In addition, this homogenous approach flows into financial outcomes by achieving enhanced flexibility and efficiency, thereby enabling cost reduction.

A connected ecosystem or minihub makes it easier achieve better visibility into the data and provides a seamless flow of information to conduct analyses, gain insights and innovate more effectively. Such an ecosystem must adapt to the needs of the organization and allow it to incorporate existing applications, rather than forcing it to invest in costly new applications. The future for companies lies in leveraging digital capabilities and automation across their applications in a cost-efficient and flexible way to improve insights, speed the submission process and thrive in a competitive marketplace.

Join our upcoming FirstDoc webinar to learn more about what DXC Technology is doing to enhance the connected ecosystem and the flow of information to deliver new levels of collaboration, efficiency and productivity.

Sharad Khusal is global head of DXC’s Life Sciences Build team.

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