The heavily regulated and IP-driven life sciences industry operates in a state of continual flux. This dynamic nature of the industry throws a diverse mix of powerful challenges and equally promising opportunities at the pharmaceutical executive all the time.
Some of the key challenges facing pharmaceutical companies at the moment are:
- A patent cliff
- Dwindling pipelines and late-stage attritions
- Rising cost of commercialization
- A host of healthcare cost containment measures adopted by regulators and payers across key markets
To offset the revenue loss triggered by major patent expirations, companies have moved towards innovative therapies—often biologics—for niche indications with… Read the rest
Almost as fast as a wink – that’s how quickly word spreads on Twitter. And everyone’s doing it – you’d have to have been under a rock, so to speak, not to know of the tweets covering the Royal Wedding (2.7 million social media mentions) and of the even bigger stats on tweets about the death of Osama bin Laden.
But did you know that there’s a hedge fund now using tweets to predict market movement? Research by two universities says the emotions expressed about companies tracked through tweets will predict market movements up… Read the rest
Rebounding from the recession and economic crisis, and despite increasing competition from other offshore outsourcing destinations, India outsourcing firms will still occupy the headlines as the world leader in 2011. As evidence:
- Kotak Institutional Equities predicts “blockbuster growth” for TCS, Infosys, and Cognizant
- TCS upped its plans to hire, now announcing they’re looking for 50,000 new employees; Infosys wants to add another 20,000 in headcount
However, in a PC World article on 11 trends in 2011, advisory firms EquaTerra and Everest Group predict an increasing interest in outsourcing to providers in China,… Read the rest
Three statistics caught my eye as important outsourcing news today: #1, 3/4, and 24.
#1 - Congratulations to Océ Business Services!
The Black Book of Outsourcing’s 2010 “State of the Industry” survey ranked Océ as the leading document process outsourcing provider among the Global Top 50 Outsourcing Providers. Océ Business Services received the highest scores of any DPO provider in the three criteria that 6,500 respondents considered to be the most important. These include awareness of requirements, closely followed by the ability to resolve problems as and when they arise, and the skills and resources that providers can bring to the work they… Read the rest
The due-diligence task of talking to a potential service provider’s existing clients for references on the provider’s capabilities is part of the first line of defense in trying to structure an outsourcing relationship for success.
But it’s somewhat like talking to the poison taster for a king – clients giving references are those who tasted the provider’s services and lived on to tell the tale.
Sure, finding out if the provider has successful past experience with a deal of the scope and complexity of the deal under consideration is of vital importance. Absolutely. But wouldn’t the potential buyer also benefit… Read the rest
Services companies – including finance, HR, and consulting – comprise a fast-growing segment of cloud computing adoption, with 22 percent of these companies with fewer than 1,000 employees reporting they are using or planning to deploy cloud solutions, according to a recent survey.
In addition, 22 percent of the survey participants in companies with 100+ employees reported they plan to use cloud services in the second half of 2010.
These statistics are among several findings in a global survey of 1,500 IT professionals at SMBs.
Jordan just launched a new outsourcing program –” Turn to Jordan…your Smart Shore Destination” – predicted to create 3,000-10,000 new outsourcing jobs by November 2011.
The country also estimates that the initiative will grow its outsourcing business to reach $168 billion by the end of 2012, despte competition from Egypt and UAE. Outsourcing in the Middle East is expected to increase by 20-50 percent.
The Asia-Pacific managed security services (MSS) market is forecasted to exceed US$4 billion by end-2015, with revenues rising at a compounded growth rate of 19.7 percent annually for the next five years.
Frost & Sullivan industry analyst Cathy Huang expects growing adoption for MSS by small and medium businesses (SMBs).
“As network security risks continue to mount and compliance mandates become more stringent, organisations are forced to implement an ever-increasing number of security technologies,” she says. “The managed model is a compelling option for SMBs who can ill-afford large capital expenditure (CAPEX) on security solutions, nor cope with the complexity… Read the rest
IDC released findings from its “Chilean Global Services Industry Observatory” report, indicating growth of more than 100% in 2008. Looking at business processes that account for the global services revenue, the report finds:
… Read the rest
A sneak preview of the May issue of Pipeine & Gas Journal sheds light on outsourcing plans of more than 200 North American utilities companies. The article (courtesy of UtiliPoint International, Inc., Albuquerque, NM) highlights findings from UtiliPoint International’s 7th annual survey.
Here are the attention-getting statistics:
… Read the rest
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