Safety can generate immense value for life sciences organizations. To transform safety from a reactive cost center to a proactive profit driver, organizations should:
- Provide safety teams with tools and resources to focus on actionable insights
- Enable teams to focus on value-adding activities that inform patient safety and bottom-line performance
- Create conditions for team members to work at the top of their licenses
- Build unified end-to-end processes
- Invest in enabling technology stacks
- Prepare for future growth
To take safety operations to the next level, organizations should keep these key points in mind.
Embracing the Cloud-based platforms in Drug Safety
Leading life sciences firms prioritize cloud-based platforms to reduce costs and streamline global operations. Key points include:
- The rise of cloud-based, multi-tenant platforms is a strategic pillar for life sciences organizations.
- Cloud-based platforms reduce total cost of ownership and standardize global operations.
- The shift to the cloud enables digital transformation from on-premises to cloud-based architectures, removing worry about falling behind on best practices.
- Cloud-based systems remove silos and disjointed safety operations, enabling teams to reduce costs, and reinvest in value-adding activities.
Investing in Safety Automation
Investing in automation is a strategic priority for leading firms in the life sciences industry. Key points include:
- Automation drives more efficient operations, unlocks precise insights, and frees up resources for value-adding activities.
- The artificial intelligence market in drug discovery is projected to grow at a CAGR of 36.1% over the next ten years.
- Automation has become a critical part of the business strategy for enterprise life sciences organizations.
- With a strategic approach, automation can provide immense value.
Unlocking Safety Intelligence
The expanding role of data and analytics is a critical strategic pillar in driving better outcomes in safety. Key points include:
- Data and analytics proactively drive better patient, business, and operational outcomes in safety.
- Life sciences firms have access to a wealth of data from internal and external sources.
- Gathering healthcare data across unstructured formats and multiple sources can be challenging and time-consuming.
- Overcoming data silos, noise, and friction is essential.
- Firms that seamlessly stitch together and curate data, enabling its flow into actionable intelligence, can transform safety into a strategic value center.
Conclusion
By embracing these key safety pillars, life sciences organizations ultimately gain the power to move safety from an operational function to a strategic center, with the strategic impact only growing as technology continues to evolve. Learn more about how leading organizations are leveraging the latest innovations in technology, automation, and data and analytics to generate cost savings and efficiency gains on key workflows.
- Strategic value of Pharmacovigilance – read our whitepaper
- Pharmacovigilance Safety Transformation Through Automation – watch the webinar
- LifeSphere Safety Platform – learn more about our product
- Schedule a Demo – contact us and schedule a demo
Download ArisGlobal’s 2024 Industry Report 
