Economic And Operational Advantages Of Skyland PIMS® Cloud-based Data Collaboration Platform For Life Science Manufacturing

Most organizations realize the “true cost” of any business investment is not the initial purchase price, but the Total Cost of Ownership (TCO). TCO measures initial costs plus ongoing costs including those that are not easily measurable, such as risk mitigation, personnel, utilities and maintaining and retiring the asset.

Over the past decade, cloud-based Software-as-a-Service (SaaS) solutions have reduced TCO by 77% compared to on-premise counterparts. Until recently, the Life Science sector, were slow adopters of SaaS solutions due to concerns over security and regulatory compliance. Adoption is now increasing as cloud infrastructure players, such as Amazon Web Services (AWS), Google Cloud and Microsoft Azure, and SaaS providers now offer systems specially designed to meet the needs of FDA-regulated companies.

In parallel with the maturity of SaaS solutions, there is increased demand for software solutions to improve data aggregation, analysis and sharing in Life Science operations due to: