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Publication 22 May 2023 · International

Technology Transformation - Life Sciences & Healthcare

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The Life Sciences and Healthcare Sector is highly technology-driven and an increasingly dynamic approach is taken when adopting business-critical technologies. This sector’s above-average uptake in technology is reflected in its prioritisation of measures against IT failure. However, the sector is often underprepared for technology risks, with many businesses still not having processes in place to manage key risks despite current and future concerns around disputes arising from this area.

This report is a deep dive into data first produced for the report Technology Transformation: Managing Risks in a Changing Landscape. This saw over 500 people surveyed from multiple industries across the world.

Here we look in detail at the 75 respondents from the Life Sciences and Healthcare sector, and their perspectives on the risks associated with business-critical technologies, including emerging technologies.

Download the Technology Transformation Life Sciences and Healthcare report now to read about:

  • Drivers of technology adoption in the Life Sciences and Healthcare sector
  • New risks emerging and traditional barriers to risk management
  • Current technology risks in the Life Sciences and Healthcare sector
  • Future risks, including IP concerns and AI
  • Preferred approaches to technology dispute resolution for the Life Sciences and Healthcare sector

For me, the biggest drivers on this list would be business efficiencies and replacing outdated legacy systems.

Andrew Webb, General Counsel and EVP, Legal & Compliance, Essential Pharma
Andrew Webb, General Counsel and EVP, Legal & Compliance, Essential Pharma

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