We met with 35 life sciences executives to understand their top priorities and how they are preparing for and adapting to key trends shaping their organizations. This year, executives are prioritizing:
- Digital transformation to improve patient and business outcomes
- Modernization of IT to help drive innovation of new products and services
- New areas of focus such as process automation and talent acquisition and retention
Leaders focus on data quality and AI for innovation.
100%say improving data quality is the top data strategy improvement initiative over the next 3 years38%cite AI as the top innovation priority over the next 3 years70%are exploring GenAI, while traditional AI implementations are up
- Legacy systems hinder implementation of digitization strategy
82% face medium-to-high legacy system challenges; planned modernization to rise- Use of cloud solutions supports digital acceleration
91% are using cloud-based solutions- Business model agility is needed to advance digitization strategy
19% have a highly agile business model to address digitization
Executives stating their organization is generating expected results from their digitization strategies—the digital leaders—share common attributes that enable them to accelerate outcomes compared to others. For example, in life sciences, digital leaders:
Have highly agile business models
+9pp
vs. life sciences industry average
Extend data protection strategy to ecosystem
+8pp
vs. life sciences industry average
Have business models highly impacted by digitization
+5pp
vs. life sciences industryaverage
pp = percentage points
1 |
Accelerate digital transformation in R&D: leverage digital platforms and data-driven insights. |
2 |
Leverage AI-powered drug discovery and development: optimize clinical trial design and time-to-market. |
3 |
Implement data security solutions: protect intellectual property, research and sensitive information. |
4 |
Automate processes for lab efficiency: streamline workflows, reduce errors and improve reproducibility. |
5 |
Gain insights for commercial success: analyze market trends, consumer behavior and competitor activity. |
6 |
Create an agile supply chain: reliably distribute pharmaceutical products and medical devices globally. |
At CGI, we help life sciences organizations advance their digital transformation to optimize operations, foster innovation and improve patient experiences and outcomes. Learn more about:
Strategic alignment Supply chain consulting Managed IT services Cloud and IT modernization Cybersecurity