Why Should Life Science Firms adopt Cloud Technology?
The fact that data is now the backbone of every company is essential for contemporary enterprises. You could say we live not in the digital age, but in the data age. Like other R&D-driven businesses, life sciences puts incredible data dependence.
Cloud computing provides companies with an easy way to purchase computer space. Cloud computing also makes it possible to develop standard business processes, allowing businesses to outsource transactional processes and focus on those which really add value.
However, it is because cloud computing promotes creativity that the greatest advantage for research-intensive sectors like living sciences can be identified. It offers a platform works and encourages fully the creation of other organizations New business models, new business models.
Data is a valuable asset of a company but is often still undervalued. Innovativeness and lead times to the life-saving drug markets continue to shape outdated and clumsy technology, information infrastructure and data management strategies. It is an especially pressing issue for life science companies. digital transformation.
Cloud applications, like all industries that play an important role in technology, rapidly became the new norm to drive transitions and to speed up innovation through improved performance. Cloud technology allows life science companies to collaborate, replicate data, exchange, archive and store through drug development processes. It simplifies workflows and gradually accelerates the supply of life-saving medicines.
Enhanced data connectivity and enhanced communication
Drug discovery is a complex process involving numerous organizations, teams and parties involved, often in various regions. Cooperation is essential, but variable data sharing practices and technology can delay many parties.
Cloud services and applications are increasingly offering a way to put valuable data together in a private, accessible and immediate environment. In addition, experimental data can be uploaded when they are captured, which minimizes human error, in connection with in-lab technology such as electronic laboratory notebooks or lab information management systems (LIMS).
The research has shown that data is collected by outdated manual methods, like paper notebooks and Excel, up to 50 days in the working year of an R&D scientist. Moreover, different laboratories may be able to vary in instruments used and laboratory conditions under different unit operations.
The transition of information to an electric device will relieve some of the above-mentioned manual pain points, but the cloud will actually convert this information from any location in the world. Take into account the current situation with COVID-19.
Laboratories based in various countries and time zones can collaborate in real-time thanks to the power of the cloud, which means that organizations that have taken flexible cloud technologies rapidly are now several steps ahead of their unprogressive competition with ongoing social distancing measures.
Since cloud providers are able to manage all updates and enhancements, no patches can be downloaded or installed by customers.
Access to the latest technology, new features or fixes for end-users quickly enables users to take advantage of, increase their ROI, and reduce startup times by relieving their internal IT teams.
Cloud technology is perfect for limited IT department organizations
There is really no infrastructure you are responsible for (except laptops and devices) for all of your software and knowledge inside the cloud. You simply sign up, train the team and use the program without installation, with cloud computing or computing as-a-service (SaaS). You don’t have to worry about storing, uploading and protecting everything at this point; the cloud provider manages everything.
It gives you the chance to transfer your IT tasks to other people (your cloud vendor) while your staff is trying to handle more important activities, such as your core business.
Trust in regulation and compliance in Life Science
Life sciences is an industry that is highly regulated. Organizations involved in pharmacological production generate a lot of data which must be carefully taken into account in audits. This requires the documentation of research and experimental data as well as the methods and instruments used for the capture.
Failure to meet the criteria can lead to lengthy or even failed audits which can eventually lead to total failure of a company, as financial penalties and productivity losses become too severe to recover.
A variety of cloud systems are built to adhere to regulatory standards, and also lead to compliance with particular industry best practices like GxP in laboratories, which can help ensure greater comfort in compliance with regulatory requirements.
These applications may, for example, flag potential regulatory problems before they are integrated into the process – which could otherwise have been advanced without remedy. The unregulated costs of such failures can easily escalate so that proactive measures are a wise investment.
By using cloud applications throughout drug development, disparate teams can capture and store data in one place. This reduces errors as well as improves the accuracy and integrity of data.
Nevertheless, compliance is not just rigorous methods in cybersecurity. It is also important to ensure that your data storage provider can show that the appropriate safety measures are in place. Data infringements will cost millions of dollars to fix and permanently ruin the consumer ties, so when looking for a vendor, ensure that the security measures are sufficient.
For instance, a cloud data storage provider must demonstrate that it tracks and reacts appropriately to threats and safety incidents and has appropriate incident response procedures.
Besides industry-standard certifications such as SOC1 / SOC2 Form II, check that your cloud service provider also meets the relevant government and industry regulations. Ask for proof and make sure that your sellers have a copy of the full report, not just cover letters, for each applicable norm. For example, report Type II of the SOC 2 verifies the effective implementation, over the last 12 months, of sufficient technological and administrative controls.
Compliance and certificates show that the security of your data storage provider is effective and clear.
Regulatory enforcement ultimately depends on traceable, available and safe information. Cloud apps allow this to happen when data is instantly stored, secure and saved. Cloud services take on operational responsibility, which helps researchers to concentrate instead of laborious manual data processes on science.
Why Should Life Science Firms adopt Cloud Technology?