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How to reduce R&D costs in a global marketplace while continuing to deliver competitive products

Across the market verticals of pharmaceuticals, consumer goods, energy, food & beverage and chemicals, a similar story plays out. Businesses are under constant pressure to control or reduce R&D costs while continuing to deliver novel, competitive products. This challenge is set against a backdrop of skyrocketing expenses, tougher regulation and increased competition from an expanding global marketplace.

Key points: 

  • Business models are changing in an effort to go ‘lean’
  • Outsourcing comes with its own set of challenges, which existing informatics systems are unable to address
  • A single, integrated data management system knocks down barriers to communication, ensures IP protection and quality


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