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How Cloud Computing Can Shape the Pharmaceutical Industry

RoryAccording to PwC’s ‘From vision to decision Pharma 2020’ report, productivity in the pharmaceutical sector faces a bleak future. The processes organizations use to discover and develop new products remain the same, innovation has declined and regulations are becoming more onerous while market conditions are getting harsher with global healthcare costs rising. From 2005 – 2011 the annual average cost per approved molecule was $4.2 billion – 50% more than the previous five years. Changing the discovery and development process will be essential in shaping the pharmaceutical sector and in addressing some of its key challenges – cloud computing can facilitate faster innovation. But pharma organizations have been late to adopt cloud-based technologies and this has led to them managing large complex on-premise software. Read the article of IDBS Solutions Consultant Rory Quinn in Scientific Computing HERE.

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