ISG to Publish Report Assessing Providers of Life Sciences Digital Services
February 02 2024 - 9:00AM
Business Wire
Upcoming ISG Provider Lens™ report will
evaluate providers helping enterprises in the life sciences
industry advance research and navigate regulatory
complexities
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm, has launched a research
study examining providers offering resources and support to
digitally transform companies in the life sciences industry.
The study results will be published in a comprehensive ISG
Provider Lens™ report, called Life Sciences Digital Services,
scheduled to be released in June. The report will cover providers
with services for clinical development, patient engagement, and
manufacturing supply chain. It will also evaluate providers
assisting companies in digitalizing pharmacovigilance, regulatory
affairs and commercial operations.
Enterprise buyers will be able to use information from the
report to evaluate their current vendor relationships, potential
new engagements and available offerings, while ISG advisors use the
information to recommend providers to the firm’s buy-side
clients.
Advanced technologies such as AI, ML and automation play
prominent roles in the drive to digital transformation for
companies in the life sciences industry. Yet these technologies’
seamless integration into ongoing processes faces challenges due to
low-quality, outdated and incomplete data. The industry grapples
with data-centricity challenges in R&D, and needs to address
data quality issues, particularly in master data management and
governance.
“Life sciences companies need to innovate at scale to enhance
the efficiency of new business models that include AI-based
solutions. Yet innovation costs have surged exponentially,” said
Jan Erik Aase, partner and global leader, ISG Provider Lens
Research. “Leading life sciences companies increasingly turn to
external providers for expertise, bandwidth and technological
guidance. “
ISG has distributed surveys to more than 135 providers of life
sciences digital services. Working in collaboration with ISG’s
global advisors, the research team will produce five quadrants
representing the typical life sciences digital services enterprises
are buying, based on ISG’s experience working with its clients. The
five quadrants are:
- Clinical Development, evaluating providers of technology
for patient recruitment, data collection, monitoring, analysis and
regulatory compliance. Providers integrate innovations such as AI,
big data analytics, mobile health applications and electronic
health records to overcome the daunting expenses and elevated
failure rates inherent in clinical trials.
- Patient Engagement, assessing providers specializing in
life science customer services, utilizing digital tools such as
mobile applications, wearable devices, telehealth platforms and
online portals to facilitate seamless communication between
patients and healthcare providers to improve health outcomes,
enhance patient satisfaction and contribute to a more efficient and
effective healthcare delivery system.
- Manufacturing Supply Chain, covering providers adopting
digital technologies such as IoT, AI, blockchain and advanced
analytics to enhance efficiency, visibility and agility across the
entire supply chain, from raw material procurement to
pharmaceuticals and medical device production, quality control and
distribution.
- Pharmacovigilance and Regulatory Affairs — Digital
Evolution, evaluating providers supporting patient safety
monitoring, adhering to regulatory requirements and facilitating
reporting through diverse processes and platforms leveraging AI,
NLP and ML.
- Commercial Operations — Digital Evolution, assessing
providers driving the digital evolution of life science commercial
operations, including data analytics, customer engagement, supply
chain optimization, and personalized medicine, embracing
technologies such as AI, IoT, and data-driven insights.
The report from the study will cover the global life sciences
digital services market. ISG analyst Rohan Sinha will serve as the
author of the report.
A list of identified providers and vendors and further details
on the study are available in this digital brochure. Companies not
listed as life sciences life sciences digital services providers
can contact ISG and ask to be included in the study.
All 2024 ISG Provider Lens™ evaluations feature expanded
customer experience (CX) data that measures actual enterprise
experience with specific provider services and solutions, based on
ISG’s continuous CX research. Enterprise customers wishing to share
their experience about a specific provider or vendor are encouraged
to register here to receive a personalized survey URL. Participants
will receive a copy of this report in return for their
feedback.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Brazil,
the U.K., France, Benelux, Germany, Switzerland, the Nordics,
Australia and Singapore/Malaysia, with additional markets to be
added in the future. For more information about ISG Provider Lens
research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,600
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240202777502/en/
Press:
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
Information Services (NASDAQ:III)
Historical Stock Chart
From Jun 2024 to Jul 2024
Information Services (NASDAQ:III)
Historical Stock Chart
From Jul 2023 to Jul 2024