Businesses have been making increased investments in cloud initiatives to improve elasticity, efficiency and innovation for the last several years. However, achieving the full benefits of cloud is complicated and involves multiple dimensions including rethinking strategy, technology, skills development, business processes as well as organizational design. But just because a business has started their cloud journey doesn't mean they are on the path to value.
In fact, compared to the eleven industries surveyed, life sciences companies ranked the lowest in achieving their innovation, data access and analytics goals from cloud.
We’ve highlighted three key reasons as to why this could be happening: