Data silos threatening productivity and efficiency levels for nearly half of pharma businesses

Larger companies more likely to see isolated data repositories hampering collaborative efforts.

  • 2 months ago Posted in

Nearly half (48%) of senior decision-makers working for drug development companies or manufacturers said data silos derailed the efficiency of cross-functional collaboration in their organisation. This was a key finding of research commissioned by Aspen Technology, which surveyed 400 global professionals with expertise in drug development or manufacturing to find out where drug manufacturing is headed in the next 3-5 years.

According to the research, larger pharma businesses in particular are more likely to see data silos hinder internal collaboration efforts. More than half (53%) of businesses with total annual revenues of more than US$1 billion said these silos derailed the efficiency of cross-functional collaboration in their organisation versus 44% for companies with annual revenue between US$50 million and US$249 million (£47 million- £224million) and 47% for companies with revenues between US$250 and US$999 million range, who said the same.

Raman Bhatnagar, Vice President and General Manager at Aspen Technology, said: “Information silos are often created by lack of connectivity between data sources across departments, which can hinder efficiencies across the product lifecycle. This is especially true when scaling up from drug design to commercial manufacture and then again when moving from production to quality assurance release.”

He added: “One way of breaking down the barriers is by deploying products that utilise a common data ecosystem enabling real-time data access. Such deployments afford greater data access, visibility across departments and among partners, and enable more informed data analysis and decision-making.”

44% of the survey sample saw increasing the use of cloud/SaaS solutions as being among the three most important steps their company is taking to improve operational agility and keep up with market demands over the next 3-5 years.

International research report by Westcon-Comstor reveals challenges of complex multivendor portfolios, and the need for distributor marketplaces to simplify and add value,
Data-driven solution expands and increases observability and insights.
After evaluating all leading solution providers, the States of Jersey selected BridgeHead’s Independent Clinical Archive to play a key role in its strategic vision to create one of the most digitally advanced healthcare systems in the world.
DataOps maturity associated with higher rates of overall business success.
The collective aims to utilise connected car data to better reduce traffic congestion and CO2 emissions.
Blechwarenfabrik Limburg GmbH (BL), a leading manufacturer of tinplate packaging, has adopted Hitachi Vantara's Lumada DataOps platform, powered by Pentaho, to achieve standardized, integrated, real-time data analysis for greater sustainability and accelerated production.
When Beryl co-founder, Emily Brooke, started selling her innovative Blaze bike lights to cycle hire schemes in London, New York, and Montreal in 2012, she had little idea her company would transform into a data-driven micromobility firm called Beryl. Ten years later, more than 300,000 people now travel sustainably using Beryl bike, e-bike, e-cargobike and e-scooter hire schemes across the UK.
SAP has announced key data innovations and partnerships that give customers access to mission-critical data, enabling faster time to insights and better business decision-making.