KPMG life sciences technology insights report

Here are a few highlights:

Life sciences companies lead the way in many areas, but not all:

• AI and automation (57% vs. 40% of all companies)
• Cyber security (52% vs. 42%)
• Data and analytics (54% vs. 51%)
• Cloud (39% vs. 48%)

Compared to other industries, their primary goals for investing in enterprise technology are different:

• They’re the most likely to cite amplifying customer centricity (58% vs. 46%)
• They’re less likely to list accelerate agility as a goal (37% vs. 42%)
• They’re less likely to invest to create new value (17% vs. 22%)

Predictably, the cyber security concerns of life sciences companies are different than those of others, too:

• More cite the creation of new services based on Internet of Things technology as a top cyber security challenge (28% vs. 17%)
• More than those in any other industry, they plan to invest in data protection over the next 18 to 24 months (50% vs. 39%)

But they’re appear to be doing a better job in cyber security than others:

• Fewer cite a lack of skills as a top-3 challenge to achieving cyber security goals (29% vs. 39%)
• More say they’re progressing well against their cyber security agenda (52% vs. 42%)

Download the full report and discover how KPMG can help you with digital transformation.