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TECH BUYER Aug 2018 - IDC MarketScape - Doc # US44159218

IDC MarketScape: Worldwide Life Science R&D Strategic Consulting Services 2018 Vendor Assessment

By: Alan S. Louie, Ph.D.Research Director, Life Sciences

Abstract

This IDC Health Insights report is the third of a three-part life science R&D IDC MarketScape series focused on IT outsourcing. With a specific focus on strategic consulting in the life science R&D space, this document seeks to compare major service providers with each other, based on criteria that should be important to life science companies when considering the selection of a strategic consulting partner to help provide guidance for strategic, operational, and tactical transformation issues within the R&D space. IDC MarketScape assessment of IT outsourcing in life science R&D was previously performed in 2011, 2014, and 2016.

Alan Louie, research director of IDC Health Insights' Life Science R&D Strategy and Technology research, noted, "Strategic consulting in the life sciences is more important than ever as industry transformation moves forward. Beyond optimizing operational and business performance, companies are finding new ways to better leverage organizational data, leverage technological innovation to uncover completely new pathways to operational excellence and regulatory compliance, and begin to directly engage with their ultimate stakeholder, the patient. With strategic consulting service providers as their true partners, companies are increasingly working together as a core strategy for success. The selection of an optimal partner and a partner ecosystem is key to developing and executing these increasingly externalized complex business strategies. IDC expects that external service providers will continue to be core contributors as organizations seek to navigate through increasingly complex global, regulatory, and operational life science ecosystems. Leading vendors, as preferred partners that demonstrably understand their sponsor's business and have the capacity to deliver superior services, will be key to helping their clients succeed, both now and in the future."


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