All the way from the large global companies to the small players in the life science industry happen to be faced with nearly similar challenges to contend with. These are such as issues of increasing cost pressure, the disintegrating value chains, matters of regulatory compliance and expectations and not to mention the fact of the blasting content volumes. Besides these, you should bear in mind the fact that the cost required to bring in a new drug into the market is at an all-time high, estimated to be at about $1 billion, and all this means that one of the things that is in the mind of many in the life science establishments is the need to keep the costs as low even as they see to maintain such strict compliance.
In as much as there are so many benefits of cloud computing, still a number of the life science organizations and even those out of it find it somewhat challenging and as well risky moving their very regulated applications to the cloud anyway. In fact, studies done in the recent past reveal the fact that of the many life science organizations, just but a paltry 15% of them actually make use of the cloud for their functions beyond sales and marketing. Actually, in as much as there are so many benefits of cloud based computing for the life science organizations and these have been made as clear today, fact is that this doesn’t come without some hiccups or challenges along the way. The following are some of the challenges that the life science organizations happen to be exposed to even as they think of tapping into the potential of the cloud based compliance methodologies in their operations.
One of these is the challenge of risk aversion towards the computerized systems compliance. Then there are as well issues with the specific requirements there are around quality and compliance. Over and above these, you shouldn’t be blind to the need to ensure qualification and validation requirements or guidelines. Moreover, the other challenge there is to be faced by the life science organizations in this regard is that of identifying and documenting the systems components. Added to this, there is some kind of unclearness of the matters of ownership and who is to be responsible. System changes as well happen and this as well presents some challenge and this is in terms of the need to manage the system changes.
Looking at all these, it so follows that whether you are new to cloud computing or you simply want to upgrade your already-in-place IT strategy, you should ensure that you have such a thorough understanding of the key compliance challenges there are in the cloud. And this is the particular interest in this article-discussing some of these challenges and as well we give an insight and ideas on how one can go about these challenges affecting the particular industry, life sciences.