We outline the market outlook for cloud R&D software in the life sciences industry — from investment trends and leading companies to recommendations for players in the space.
What is cloud R&D software?
Cloud research and development (R&D) allows for digitizing drug discovery and preclinical and other R&D laboratory workflows and processes. Typical features include electronic lab notebooks and lab information management systems.
Features & capabilities
Cloud R&D software provides pharma and contract research organization (CRO) leaders with several capabilities, including the following:
- Trusted and secure cloud platforms
- Data portability and integration
- Customizable and simple setup
- Analytics with machine learning
- No-code platforms
Benefits
Cloud R&D software offers these substantial benefits to pharma and CRO leaders:
- Increased automation
- Increased productivity
- Accredited compliance and regulations
- Data access and extractability
- Reduced experimental campaign costs
- Reduced manual R&D tasks
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