Benefits of the Cloud for Life Science Companies

In this blog post, we talk about the benefits of the cloud and how they apply to organizations within the life sciences industry.

 

Despite myths holding cloud-based computing back in the past, the use of the technology is growing and has proven to be a great asset to the organizations that use it.

The benefits of using cloud-based computing for multiple applications can be applied to the life sciences industry as well, and many high profile companies in the industry have adopted the technology to great effect. However, what are these benefits, and how do they apply to organizations within the life sciences industry?

In this blog post we will cover some of the benefits that a company may expect after implementing cloud-based solutions, and how they can help your company.

Benefit #1: Less responsibilities and inconveniences

If your company implements an on-premise solution, it is responsible for that solution and everything that may or not go awry. These responsibilities include meeting system requirements, protecting data from security threats, employing skilled staff, keeping the system updated, and ensuring a validated and approved environment.

In addition to this, your compliance might be at risk due to human error, resources or expertise being unavailable or IT resources having a lack of experience.

All of these responsibilities and inconveniences lead to a high total cost of ownership when using an on-premise solution and means that you ultimately responsible for any irregularities.

With cloud-based computing the responsibility is shifted externally to a team dedicated to the application. The external team frees up your internal resources by taking care of system validation and important updates and ensures compliance. Tasks are automated, monitored and validated for the convenience of your company.

How it applies to the life sciences industry

Due to the highly regulated nature of the life sciences industry, we find that companies have substantially reduced their total cost of ownership by taking advantage of cloud-based computing.

A team of dedicated experts ensures constant compliance and takes care of previously mentioned responsibilities such as system validation.

Overall, organizations become more efficient, productive and flexible whilst ensuring effortless compliance.

Benefit #2: Better security and integrity

Many people still believe the myth that the cloud is still less secure than an on-premise solution. In fact, the opposite is true. Cloud providers such as Azure have thousands of experts equipped with specialized education and technological tools to optimize and fortify online security for your cloud. If you were to try and replicate the same measures independently, you would run costs of thousands, if not millions, of dollars per month on security.

This means your data is not only secure and accessible to the right people, but also reliable in the case of a disaster.

How it applies to the life sciences industry

The nature of the data that life sciences companies deal with is highly sensitive and regulated. Leaks of private data from organizations in this industry could cost the company thousands of dollars in fines and cause irreparable damage to their reputation.

Cloud-based computing not only improves security via highly advanced encryption, but also offers detailed identification and traceability on those who use the data in the cloud. Should the worst happen, access can be revoked almost immediately and the data recovered.

Benefit #3: More convenience and resources

Cloud-based computing gives users the ability to collaborate and update documents and projects from around the world without the fear of data being lost or permanently altered.

Resources and information are quickly shared and accessed by those who need it and approval cycles are dramatically shortened, increasing productivity across the organization.

In addition to this, when a company uses a cloud provider such as Azure, they gain access to their team of experts who ensure their data is optimized, secure and reliable - a valuable resource.

How it applies to the life sciences industry

In short, many activities become easier to organize. 

With every submission, there are multiple stakeholders from numerous departments as well as affiliates located around the world involved. Cloud-based computing allows these organizations to access and work with documents wherever they are located.

Companies that utilize the cloud also gain access to real-time global data collection, which allow researchers to access and share data from around the world. This assists the research and development operations within a life sciences company.

The growing cloud adoption rate is also encouraging more pharma companies to work together on data analysis, and with secure data sharing across the cloud, anonymous patient data can potentially be shared in the global battle to fight disease.

Experience Cloud Potential For Yourself

If you’re convinced of the many benefits of cloud-computing, you may be wondering how you can implement a solution for your own company, and what steps are involved when making the leap. We’ve recently released a free whitepaper which covers this topic and more about cloud computing within the cloud.

Download our whitepaper today, or contact EXTEDO to find out more about cloud computing and how it applies to the life sciences industry.


 

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