Dallas, TX -- (SBWIRE) -- 01/17/2014 -- This report presents the findings from a survey of 102 pharmaceutical companies regarding their approach to Information and Communications Technology (ICT) procurement. The survey investigates the way that pharmaceutical companies like to purchase technology, as well as the major IT and business objectives influencing their IT investment strategies.
To highlight the criteria on which pharmaceutical companies select their ICT providers as well as the roles which have influence while making ICT purchasing decisions.
Most pharmaceutical companies are keen to deploy their technologies on-site as they have to adhere to strict compliance regulations relating to data security, however the demand for hosted services is also gaining traction.
Hosting is more popular in relation to technologies such as mobility and green IT and virtualization, with the aim of achieving cost and operational efficiencies.
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Key Features and Benefits
Provides insights into pharmaceutical companies' preferred buying approaches.
Comprehend the business objectives that pharmaceutical companies are looking to achieve through their IT investment strategy.
Appreciate the IT objectives that pharmaceutical companies are looking to achieve through their IT investment strategy.
Understand the factors that are influencing pharmaceutical companies' decision to select an ICT provider.
Understand which organizational roles influence ICT purchasing decisions and signing off budgets.
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It is evident from the survey that an average 69% of Pharmaceutical companies are deploying their ICT solutions on-site, 31% of respondents prefer the hosted model.
Business objective relating to increasing customer satisfaction also has significant influence on IT investment strategy amongst Pharmaceutical companies, with average ratings of X on a scale of 1 to 4.
Kable survey shows that respondents give the IT objective of using IT to support revenue growth the highest average rating of X on a scale of 1 to 4, indicating that pharmaceutical companies consider IT to play a pivotal role in improving their top line growth.
Pharmaceutical companies consider specific functionality expertise/depth and expertise in the pharmaceuticals industry to be the most important criteria in choosing an ICT solution provider, with average ratings of X on a scale of 1 to 4
Pharmaceutical companies rate the CIO as the most influential authority when making ICT purchasing decisions, with the highest average rating of X on a scale of 1 to 4, followed by the CFO/Finance Director (X and CEO (X).
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