Abstract
This Health Industry Insights report examines the opportunity for business
intelligence (BI) to transform business processes within the life science
industry. This report highlights insights from industry opinion leaders regarding
the top business reasons for investing in BI, anticipated benefits
they hope to achieve from specific BI efforts, and long-term
aspirations for what BI could deliver to their organizations.
"During these
difficult times for the life science industry, it is more
important than ever for organizations to base their strategic planning
on the best information available. Although potentially transformational, effective exploitation
of BI will not be easy and will require significant
organizational buy-in from all levels of the organization in order
to achieve success," said Alan Louie, Ph.D., research director for
IDC Health Insights.
Table of Contents
- Health Industry Insights Opinion
- In This Report
- Situation Overview
- A Life Science Industry Definition of BI
- The State of BI in the Life Science Industry
- The Market for BI in the Life Science Industry
- The Diverse Landscape
- The Different Views of Strategic BI Solutions
- Goals of Life Science BI Initiatives
- Recognizing Needs and Wants
- The ROI Question
- Life Science Industry-Specific Needs and Wants
- Key Recurring BI Themes in the Life Science Industry
- Gather Good Data
- Translate Data into Actionable Information
- Use Information to Effect Organizational Change
- Achieving Value
- Future Outlook
- Essential Guidance
- Actions to Consider
- Closing Thoughts
- Learn More
- Related Research
- Synopsis
- Table: U.S. BI Software and Services Spending in the Life Science Industry,2007–2012
- Figure: Maturity of BI Users in the Life Science Industry
- Figure: Top Business Reasons for Investing in BI
- Figure: Anticipated Benefits from BI Initiatives
- Figure: Future BI Plans
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