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Home >> Why Scalar >> Case Studies >> How a Life Sciences Company Developed High-impact IT Plan and Ceased Better Investment Opportunities

How a Life Sciences Company Developed High-impact IT Plan and Ceased Better Investment Opportunities

 

Scalar Market Research aims to provide real-time data and consulting services to clients around the world. The following case study showcases how we work with our Healthcare clients across a range of issues to deliver impactful advantage.

The Client Challenge

Our client, a global life sciences company in the process of building a business-focused IT strategy, was looking for the technologies to match and benefit their revolutionary business plan. The major challenges faced by the client included.

  • Analyze the impact of investments on their business plans and growth strategies and figure out efficient technology with potentially the fastest impact
  • Develop a high-impact IT plan and assessing inherent risks in opting for unfamiliar technologies.

Approach

When the client approached Scalar with their specific challenges, we came up with essentially the most effective approach for the best results. Our research team assigned to take on this challenge tracked the most relevant, disruptive innovations and technologies in the life sciences and pharmaceutical industries. This observation helped us in competitive analysis. We also contacted various technology experts to discuss feasibility of the advanced technologies. This helped the client to build a unique strategic plan. Our team used both qualitative and quantitative research techniques for thorough exploration of convergent and divergent sources concerning the client. We identified all the innovations, business trends, and other impact points relevant to the specific IT plan that the client had. We filtered this data and then prioritized the best investment opportunities and feasibility. We recommended the final plan with visualization of the processes and technologies that could positively impact the future and match with the strategic growth plan developed by the client.

Results

Scalar’s identification and analysis of the existing market disruptors and emerging technologies assisted in designing the most suitable investment opportunities that assisted the client in creating futuristic IT strategy. It also saved around 6 months of efforts and time. Our research also assisted the client reduce risk in investment. Our cross-industry analysis of the emerging technologies immediately negated inclusion of risky options.

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