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‘Optimizing PLM Technology for the Pharmaceutical Industry (Technology Focus)’ offers an analysis of PLM technology and the six key features that will make PLM successful in the pharmaceutical industry.
Introduction:
Datamonitor views product lifecycle management (PLM) technology as one of the most rapidly growing market in the pharmaceutical industry due to its inherent focus on time to market and product development, key business priorities in this market.
Scope:
- PLM software and services
- Geographic coverage includes North America, Western Europe and APAC
- Pharmaceutical sectors cover Big Pharma and Biotech
Highlights:
Pharmaceutical product lifecycle management technology is gaining momentum
PLM technology should align to the pharmaceutical industry's business challenges
Six technology features reflect how PLM technology is aligned to the industry
Reasons to Purchase:
- Understand how PLM technology aligns to the pharmaceutical industry pain points
- Learn the six technology attributes that make PLM attractive to Big Pharma and Biotech companies
DATAMONITOR VIEW
CATALYST
SUMMARY
ANALYSIS:
Pharmaceutical product lifecycle management technology is gaining momentum
A variety of challenges is driving pharmaceutical companies to implement PLM solutions
Cultural and technological barriers have inhibited wider adoption of PLM in the pharmaceutical market
PLM in the pharmaceutical industry is poised for strong growth
PLM technology should align to the pharmaceutical industry's business challenges
Digitizing research information earlier in the product lifecycle is an essential first step towards PLM
The electronic notebook offers an entry point to a connected and global product management system
PLM links disparate technologies offering a single point of truth for each drug in development
Alleviating risks of non-compliance is a key application for PLM in the pharmaceutical industry
Six technology features reflect how PLM technology is aligned to the industry
Scalability places SOA at the center of a PLM solution
A quality-by-design feature facilitates compliance
PLM must integrate with ERP solutions
A web-enabled PLM solution matches the global nature of most pharmaceutical organizations
A easy-to-configure user interface drives adoption amongst both scientists and engineers
The industry is most comfortable with non-hosted solutions
PLM technology adoption differs across geographies
Japan and China will experience the fastest growth in PLM
ACTIONS
Offer technology features that speak to the customer's business goals
Make PLM a core part of the customer's every day life
Consider geography as a criterion for prioritizing your target market
APPENDIX:
Definitions
Abbreviations
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
List of Tables:
Table 1: Global PLM spending by geographic region
List of Figures:
Figure 1: PLM in relation to ERP, CRM and BI
Figure 2: PLM software must evolve to configurable packages to better meet the pharmaceutical industry's needs
Figure 3: Global PLM spending by geographic region |
