|
  Can Leverage India's IT Advantage  A Kaytek Business Consulting Insight |
Consulting
Offshoring
Why India
As A Source for IT
|
Can Leverage India's IT Advantage A Kaytek Business Consulting Insight |
 Opportunity areas for CRO's (Clinical Research Organizations) to leverage India's IT (Information Technology) Advantage for global leadership positions. Global Life Sciences & Pharmaceutical Industry Trends : As per the Mckinsey Industry Report projections, Off shoring as a Cost & Time To Market Reducer to decrease the current pharma industry risk and resource levels will increase the number of CRO's located in India (both Indian and foreign owned) over the next few years. This is causing a severe manpower attrition problem at CRO's. IT Industry Trends : Off shoring, Open Source and the transition of IT towards a services driven model (On demand Computing, Software As A Service - SAAS) powered on an Internet infrastructure are some of the key IT trends that open up opportunity areas for CRO's and IT Organizations that can specialize in this area. India's current status as a global IT off shoring location would get further enhanced by evolution of the current IT player's competencies & by building of distinctive capabilities in various domains, verticals and technologies & increasing automation. Further mobile devices (e.g. phones, PDA's etc) are emerging as a new low cost IT platform. India's fast increasing mobile population (monthly 5 million +) along with a large mobile developer base presents unique market & skill set opportunities globally. IT Usage in the CRO Industry : Oracle (Clinical) & SAS are the major dominant technology companies whose applications are used by the global industry leaders. |
Since there is a very high level of regulatory compliance required by this industry as well as increased business risks (e.g. higher costs of drug discoveries, shortened market window opportunities,etc) they would continuously need to focus on increasing ROI from their IT investments. The potential for higher Technology usage remains e.g. as per an Oracle 2007 publication - Data Management in Pharmaceutical R & D, even today EDC (Electronic Data Capture) is used in only 35 % of clinical trials. 65 % still use paper based systems for trial data capture. Some Opportunity Areas enabling CRO's to leverage India's unique IT advantages for global leadership are as follows : Creating a global industry ecosystem that can build Industry Solutions around Open Source Platforms adhering to regulatory standards ( CDISC / FDA / HL7,etc) preventing high investments and recurring costs required by Oracle & SAS software. The critical mass of Both Open Source and Mobile Platform developers in India can actualize this vision. The dual nature of the Open Source Platform (both from a technology perspective as well as regulatory adherence) would contribute towards it's global uniqueness, facilitate industry acceptance and enhance Knowledge Sharing both within & across Organizations. This would also decrease CRO transactional costs as well as be a natural ally against the expected arbitrage reduction between the rupee and major foreign currencies over the next few years. |
Use the Open Source Based Technology platforms for creating a Knowledge Repository that can be used for enhancing CRO Manpower Quality by providing specialized CRO Industry Specific IT Education & Business Domain Knowledge. Help Organize India's Health Care Sector that will witness increasing Corporate Investments in the years ahead. Also, create low cost high quality India seeded innovative business models that can be replicated in other global geographies. Offshoring Lessons N LearningsFor IT Companies in US or Europe, find out how you can leverage India to help you enter the fast growing Asia-Pacific Markets... Global IT Projects IT Technologies from USA + Requirements from Europe+ Software Skills from India= Solutions for the High Growth Asia-Pacific Region. 3 Part Article on a Kaytek Offshore Project for an European MNC Customer. Why India for Offshore ?
Maths Magic of General Electric (GE) Savings - The Offshore Outsourcing Pioneer...
" 70.70.70. Saving Plenty. In the GE World. " Musings -
Shell Awarding India's Largest (1 Billion US $) IT Offshore Outsourcing Contract...
Saturday Slumber Surely Shell-Shocked.. " Can one trust the SEI CMM Certifications of Indian software companies ? " Brief Overview Analysis of SEI (Software Engineering Institute's) Standard CMMI Appraisal Method for Process Improvement (SCAMPI). Will China overtake India as Global IT Offshore Destination ? " Follow The Sun..." India Based 24 Hours Global IT organisations.Do you know the Story Of " A Sheikh Who Died..." Skills of Indian IT Software engineers.
India As The Obvious IT Offsourcing Destination...
" Only God Can Save Us. "
|
|
|
|
|
|
|
|
|