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While India remains the preferred life sciences IT delivery location, service providers are developing onshore and nearshore capabilities to leverage an optimum location mix
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The life sciences IT opportunity varies by industry segment with big data & analytics, data management, and remediation being common themes
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Currently, fewer than 15% of life sciences IT contracts include a digital component in scope. Furthermore, digital opportunities today are largely focused on remodeling existing ADM contracts; standalone deals tend to be undertaken in digital-native aspects of the business.
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Global integration challenges are driving life sciences companies to redefine the global services value proposition
Non-voice service modes saves 35-55% over voice mode
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Asia remains the most cost effective destination for application outsourcing services; however, currency depreciation has effectively lowered the cost of delivery from Central Eastern Europe and Latin America
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