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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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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