Breaking Down R&D Knowledge Silos in the Life Sciences

The life sciences have lagged behind other healthcare ecosystem members embracing data as a critical component of business success. Payers and health systems embarked on their data journey decades earlier due to the rapid growth in patient health information and the challenges surrounding data silos. But pharmaceutical and device companies are now rethinking their relationship with data as they work to remain competitive in this rapidly changing market.

With only 14 percent of drugs in clinical trials making it to market according to a study from the MIT Sloan School of Management, pharmaceutical companies continue to double down on improving drug discovery cost and success rate. These organizations are reimagining the role of enterprise data, and the R&D arm of the business is front and center in this transformation.  Read More