Life sciences trends and challenges: A technology perspective for 2004-2007

Increased competition, shorter market cycles, greater customer expectations, changing business models and financial constraints are created unprecedented demands on the life sciences industry's ability to deliver superior value to shareholders and innovative health care to patients across the spectrum of products, processes, services and solutions. At the same time, rising R&D costs and drug patent expirations are driving consolidation in the industry. According to this white paper from HP, which outlines where technology in the life sciences industry is moving from 2004-2007, the average business changes seven times faster than the ability of its basic information technology (IT) operations to adapt to these changes.

This pace of change not only impacts people and processes, it is also demanding new ways in which the life sciences industries must look at IT strategy and infrastructure as a means of anticipating, enabling, adapting and leading this change.

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