Keeping up with the speed of industrial advancement is challenging for companies in most industries. For instance, to stay relevant and competitive, businesses in life sciences product manufacturing are seeing the importance of engaging more with technology. Companies are revising their business models to adopt strategies for converging organizational business units, gathering and using more data and encompassing automation and artificial intelligence (AI).
Innovation, discoveries and novel business opportunities are emerging everywhere. While the advancements are impacting numerous areas in all industries, the core of all the progress and growth is cloud technology.
MasterControl recently published “The Ultimate Guide to Cloud Technology,” which details the various aspects of cloud computing and clarifies why it is essential to a company’s business model and long-term strategy.
The cloud is no longer thought of as an elusive and ambiguous technology environment. It has evolved into a mainstream computing infrastructure offering:
This type of IT infrastructure is becoming an indispensable accessory to business operations. The following are a couple of industries that can no longer function without the cloud.
A typical financial institution’s computing and data center needs fluctuate often throughout a given year. Aligning predicted and actual infrastructure needs is rare, making budget forecasting difficult. Because all industries intersect with financial institutions, out of necessity, the average financial services firm reportedly uses 1,004 distinct cloud services.1
Businesses need interconnectivity to communicate and exchange large amounts of data. As such, there is a heavy reliance on the telecommunications industry. Even the simplest processes and transactions in on-premise IT environments are difficult when departments and users must:
Computer systems and software applications are bigger and more complex. The need for fast and reliable cloud technology is becoming a business imperative.
The life sciences landscape is undergoing a major transformation — employee skill sets, regulatory processes and products are changing dramatically. Businesses in this industry are taking advantage of available technologies to foster more convergent, forward-looking company cultures. As a result, they are more unified and collaborative with regulatory bodies.2
Regulatory Agencies Advocate Modernized Technology
Global regulatory agencies are endeavoring to ramp up key regulatory measures to match the pace of next-generation technologies.
Head Start on Compliance
Regulated companies rely heavily on having comprehensive and up-to-date data to achieve regulatory compliance. This means a company’s business model needs to be highly data centric. Predicting the amount of data required for regulatory submissions is challenging.
The cloud’s integrated platform fully encompasses all the fit-for-purpose tools and resources needed for regulatory compliance. For instance, MasterControl Regulatory Excellence™ is a full-featured, digital solution that centralizes and harmonizes all data necessary for submissions files. This solution enables you to:
Anyone who has ever been involved with software validation likely has a few choice adjectives to describe the process: arduous, disruptive, time intensive, etc. Fortunately, validation is adapting to take advantage of cloud-based technology.
MasterControl’s cloud platform includes the patented Validation Excellence Tool (VxT)™ (U.S. Pat. 10,324,830). Validation tasks, such as installation qualification (IQ) and operational qualification (OQ), are completed by MasterControl, which significantly reduces the time and effort needed to complete the validation processes.
Businesses need to leverage the most advanced, innovative technologies to stay competitive. Operating in a cloud environment gives you the assurance of reliability, maximum uptime and comprehensive security in your IT infrastructure. As a result, your company can strengthen its position in the market and deliver more value customers.
To learn more about cloud technology and its advantages, download “The Ultimate Guide to Cloud Technology.”
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