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Life Science companies face major challenges to continued operations and profitability from patent expirations, low R&D productivity, increased competition, decreased margins, inefficient processes, and mounting compliance constraints. To meet these challenges, life sciences companies are focusing on digital transformation with a view to improving collaboration across their business, particularly in R&D activities. Scientists run hundreds of experiments, but they often lack a clearly defined way of sharing information and knowledge between individuals and teams. They document information either in paper notebooks or disparate electronic systems, and often lack a centralized database to capture, store and share critical experimental results and other product information.
