Pharma companies lag in digital transformation

  • The life sciences industry’s commitment to digital transformation is increasing, but few organizations are digitally maturing.
  • Digital transformation is no longer a buzzword, but a strategic imperative for life sciences companies.
  • While first movers would likely gain a competitive advantage, all of today’s companies risk falling behind their competitors in delivering across all elements of the value chain if their strategies are limited to a few pilots and experiments.
  • Life sciences companies have been fast followers in adopting new technologies, but waiting too long to commit could leave some companies with portions of their value chains disrupted in an ever more price-conscious segment.
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