The initiative, announced on March 15, is supported by 18 additional vendors, Microsoft said. The initiative addresses two industry imperatives—speed-to-insight and value-for-cost.
Speed-to-insight defines the ability to connect disparate resources and data, so that quicker and more useful insights can be achieved across the value chain, from drug development and data collection to business intelligence and marketing effectiveness, thereby enabling effective and timely critical decision-making.
Value-for-cost recognizes the imperative for pharmaceutical companies to realize a disproportionately greater return on new and existing investments in a demanding marketplace.
By developing systems to get the most out of proven technology and extending existing information technology (IT) investments, Microsoft and its partners aim to help companies create business efficiencies that can increase return on investment while speeding innovation.
OSIsoft (www.osisoft.com), a San Leandro, Calif., software supplier, concurrently announced its support for the Microsoft initiative. The company’s Real-time Performance Management (RtPM) software platform with its Pi historian system offers real-time actionable performance metrics for pharmaceutical and biotechnology organizations. The platform provides the full audit trail required by regulators, and can be applied atop many existing systems.