SharePoint is becoming a pivotal player in content management and other services in pharmaceutical industry. Life science companies invest in documentation and collaboration with IT services for content management. SharePoint has become an effective application for this purpose. This application is gaining tremendous popularity across the pharma industry. But, still there are potentials that can be unleashed facilitating more efficient strategies for greater growth and productivity of the industry.
SharePoint is used primarily as a platform for collaboration and document management in the Life Science industry. But, its use may counteract some of the major problems of the industry. A major problem of the industry is need of ongoing innovation. Generally, patents of this sector expires within three to five years. This is the reason why this industry should be driven towards rapid innovations. Using SharePoint different companies across the globe may collaborate and come into one platform to use their expertise. This would promote quality innovation rapidly.
As multiple regulatory approvals are required for launching a product in the market, the industry faces difficulty in maintaining timely demands of products. This requires quick responses across the industry updating itself about latest measures and policies in different part of the world. SharePoint offers the platform for such updates through its enterprise social features. It has acquired powerful enterprise collaboration platforms such as Yammer. Using applications in SharePoint, Groups, discussion forums and wikis can be maintained where information can be shared on a single access point. This facilitates greater agility of the industry to meet its demands. This also helps to reach out for places and people in need of care and response.
A better communication is required across the industry for coordination. Diversity of languages, time zones and workplaces hinder development of effective communication. Features such as video, work flow diagrams, Visio services helps to improve communication in the industry.
Among many such aspects, reduction of cost is one of the most benefiting one for the industry. Pharma Industry spends a huge sum in systems that could facilitate effective collaboration, centralized management and documentation. SharePoint provides the most effective solution to bypass these needs.