5 Things CIOs Should Know about Capital-Efficient Innovation
The Chief “Innovation” Officer in today’s Life Sciences business must find ways to respond to the objectives of cost efficiency, risk management, and agility. A practical understanding of Capital Efficient Innovation will help them to steer the organization in the right direction.
The Chief “Innovation” Officer’s Challenge
In a more complex market place, life sciences companies must find ways to expand and grow while staying focused on healthcare outcomes. The onus will be on the CIO to reduce costs associated with technology and processes; manage cybersecurity and compliance risks; and position the business to respond to growth opportunities.
Taking a practical approach, this white paper explores five areas where CIOs should focus their attention in order to achieve capital efficient innovation. These five areas span critical business pillars, including R&D productivity, a holistic regulatory information management strategy, next-generation supply chain, and accelerating commercial success. CIOs must find ways to ensure these key parts of the business are equipped to tackle the dual challenges of efficiency and cost cutting while continuing to innovate.