Market Overview: The Growing Role for Business Intelligence in Life Science Industry Best Practices

Market Overview: The Growing Role for Business Intelligence in Life Science Industry Best Practices published by IDC Health Insights in September, 2009. This report consists of Pages: 13 and the price starts from US $ 4500.

Introduction

Abstract

This Health Industry Insights report examines the opportunity for business intelligence (BI) to transform business processes within the life science industry. This report highlights insights from industry opinion leaders regarding the top business reasons for investing in BI, anticipated benefits they hope to achieve from specific BI efforts, and long-term aspirations for what BI could deliver to their organizations.

"During these difficult times for the life science industry, it is more important than ever for organizations to base their strategic planning on the best information available. Although potentially transformational, effective exploitation of BI will not be easy and will require significant organizational buy-in from all levels of the organization in order to achieve success," said Alan Louie, Ph.D., research director for IDC Health Insights.

Table of Contents

• Health Industry Insights Opinion
• In This Report
• Methodology
• Situation Overview
• A Life Science Industry Definition of BI
• The State of BI in the Life Science Industry
• The Market for BI in the Life Science Industry
• The Diverse Landscape
• The Different Views of Strategic BI Solutions
• Goals of Life Science BI Initiatives
• Recognizing Needs and Wants
• The ROI Question
• Life Science Industry-Specific Needs and Wants
• Key Recurring BI Themes in the Life Science Industry
• Gather Good Data
• Translate Data into Actionable Information
• Use Information to Effect Organizational Change
• Achieving Value
• Future Outlook
• Key Insights
• Essential Guidance
• Actions to Consider
• Closing Thoughts
• Learn More
• Related Research
• Synopsis
• Table: U.S. BI Software and Services Spending in the Life Science Industry,2007–2012
• Figure: Maturity of BI Users in the Life Science Industry
• Figure: Top Business Reasons for Investing in BI
• Figure: Anticipated Benefits from BI Initiatives
• Figure: Future BI Plans

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