Luis Alvarez, President and CEO of Lancer Corporation, finds opportunity in adversity, strength in diversity and danger in complacency.
Luis Alvarez
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Digital transformations are challenging endeavors, with digital transformations being ever more complex. In today's fast-paced, technology-driven world, the survival and growth of established organisations hinge on their ability to navigate this intricate journey. Embracing digital transformation is not just an option but a necessity for remaining competitive. It's crucial for businesses to understand the multifaceted nature of digital transformation to thrive and adapt in a perpetually evolving landscape.
BCG recently reported that less than 20% of biopharma companies have successfully executed a digital transformation, which is well below the 35% cross-industry average. The report also highlighted that this lack of success appears to be due to an incremental approach that has resulted in 88% of digitalisation efforts happening within silos, not company-wide. Therese Keohane, Director of Operations, Kestria Ireland, interviewed Mohamed Noor, Digitalisation Manager at NIBRT, about digitalisation in Life Sciences in Ireland.