As the pressure mounts on the healthcare industry to improve efficiency, reduce costs and improve patient care, healthcare organizations are increasingly adopting IT solutions as a means to achieve these objectives.
One of the major challenges faced by the pharmaceutical industry is to reduce the time and effort involved in getting a drug to the market. Increasing use of IT solutions in the drug discovery processes and the clinical trial stages have meant significant reduction in the time to market blockbuster drugs. This has also been facilitated by the support provided by software solutions in the area of electronic data management, e-clinical trials and outsourcing of the IT requirements of R&D, thus easing the burden on pharmaceutical companies.