Wednesday, November 6, 2013

The Cloud Benefits Life Science Companies

A Google search for cloud computing will reveal thousands of results. The content of the results varies greatly because the Cloud means different things to different people. Some IT experts will tell you the Cloud just refers to servers that are accessed over the Internet. Others will tell you the Cloud includes anything accessed outside of your physical location via the Internet, such as many types of software. The true definition of the Cloud could be debated all day.

In the life sciences industry, the Cloud refers to server and software solutions. So, you may be asking yourself, why do I need the Cloud? There are many reasons, but here are two big ones.

Cost Savings:
Staying compliant with government regulations is expensive. One study indicates the average manufacturing company spends $2.2 million a year on compliance. Many life science companies spend well above the average because they face more regulations than most businesses. Human cost is the largest share of compliance spending. The life sciences industry is already slated to face even more government regulations in the coming years. The Cloud offers automated solutions that require less manpower.

Always in Compliance:
The life science industry is in an era of vast regulation change. To make matters more complicated, every country is creating their own specific rules that international companies have to follow. The fines for non-compliance can be devastating to a business. The Cloud makes it possible for companies to automatically make compliance changes as soon as new regulations go into effect.

Many businesses end up spending millions of dollars on a huge workforce and hope they’ll be able to keep up with regulation changes in order to stay compliant. Some companies are trying to migrate to the Cloud but don’t know where to start.

USDM Life Sciences helps life science companies find the right Cloud technology for your life science business and the right strategy to migrate to the Cloud. Ultimately, implementing systems in the Cloud means your company will be save money on IT costs and always be in compliance with government regulations.   To read more about the benefits of clouding computing for life science companies, visit our Life Sciences Cloud practice page.

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