Jason Lacombe, CEO of software company Veratrak explains why the life sciences industry still needs to improve the way it manages data and the technologies that can help improve supply chains throughout pharma.
Data management
There are many innovative platforms being developed to facilitate collaboration, data management and version control for the life sciences industry. It’s important for the industry to move towards supply chain digitisation through the implementation of cloud-based and software as a solution (SaaS) solutions as companies in the sector continue to outsource requirements to different partners and suppliers. As a supply chain increases in complexity, the need for better end-to-end visibility and auditability grows.
Outdated platforms
Commonly used tools such as email are no longer suitable for collaboration or data management. Email does not provide a secure flow of information as knowledge and documents can easily be directed to the wrong person; leaving firms open to miscommunication and human error. As email does not offer a clear overview of all communication and often involves tedious back-and-forth communication between stakeholders, information can easily become lost, or misunderstood and incorrect version histories can be uploaded and shared.