Biotech

Data-reliant and forward-looking vision for the biotech industry

Drive Extraordinary Growth with Nsight’s Biotech Industry Experts

In the last few years, especially after the pandemic, the biotech industry experienced astounding growth. With the global market value of the industry predicted at $950 billion by 2027 (as per GMInsights), there is a pressing need to leverage technology and manage data better, drive end-user analysis and deeper insights, and enhance decision-making.

We help our clients in the biotech industry to drive productivity, revamp clinical trial models, select the right digital tools and platforms, and promote unprecedented collaboration.

Design element
Design element

Transform your Business and Adopt a Digital Future

Why consider Nsight for your Biotechnology Company?

The top issue for the growing biotech industry (one of the most prominent components of the Life Science Industry) is fragmented and distributed data and systems. The sluggish adoption of technology and the pandemic has been deleterious to the industry. As a result, productivity, revenue, and growth are questionable unless an IT revamp is a top priority.

Nsight’s global approach and experience in delivering customized solutions uncover the true potential of biotech companies and enable them to drive growth. You can master accelerated Research and Development (R&D), transform functional areas, and enrich value streams with IT investment.

Cross-functional Capabilities

Cross-functional Capabilities We have diverse capabilities with updated knowledge in strategy, tax, legal, regulatory, technology, and supply chain for the biotech industry. Our professionals are skilled in strategy and operations consulting, design, build, and seamless running of commercial operations.   

Strong Partnerships with Leaders

Strong Partnerships with Leaders Nsight has solid and long-standing alliances with global leaders to create valuable and innovative technology solutions. We help our clients select the right strategic technology and meet their objectives for a digitally empowered future.     

Invested in Next Generation Technologies

Invested in Next Generation Technologies
The biotech industry, like other industries, needs to get ahead of digital disruption, expedite clinical trials, integrate data and technology, and harness next-generation technologies with our expertise and deep knowledge.  

Scalable to Adjust to your Growth Strategy

Scalable to Adjust to your Growth Strategy  
We are flexible and scalable to adapt to your changing requirements quickly. Nsight is a preferred choice for start-ups, Small and Medium-sized Enterprises (SMEs), and large organizations as we adjust, de-risk, and tune to your goals seamlessly.  

Deep Industry Knowledge

Deep Industry Knowledge  
We have deep knowledge of the biotechnology industry with successful project deliveries. Improve your business operations, create a great user experience, and streamline all operations with our subject intelligence.          

Boost Digital Capabilities for your Biotech Company

What are Nsight’s Biotechnology Services?

There is an increased pressure to adopt IT technologies to meet complex requirements of the biotech industry like regulatory needs and an increased need to time to market.

The need to innovate and offer a better value for money, more transparency and the need to meet the increasing market demands are more than ever for the biotech industry. Every biotech area, including agricultural, environmental, forensic, industrial, or medical, is driven by the need to innovate and drive breakthroughs. Nsight touches every aspect of the biotech value chain with our deep technical capabilities and domain expertise.

Nsight works with biotech companies of all sizes to develop deep know-how of the drivers and needs of this industry. Our champions recommend the most appropriate technologies and R&D productivity, improve operational efficiency, and employ best practices to improve your time-to-market and user experience.

Biotechnology Services

Discovery

Discovery

We address the complete discovery lifecycle with offerings to re-engineer, consult, automate, and research. You can accelerate discovery efforts and improve the desired outcomes.

Regulatory Compliance

Regulatory Compliance

Nsight has best practices to enable unmatched security management, system validation, and regulatory controls.

Managed Markets

Managed Markets

Your company can manage negotiated price documents, track compliance, and offer formulary maintenance with the manage market solution. We enable higher efficiencies and lower costs with our expertise in biotechnology solutions.

Process Automation

Process Automation

Automate labor-intensive clinical trial processes, optimize workflow, integrate platforms and processes, promote strategic decision-making, and maximize budgets with flexible funding models.

Pharmacovigilance

Pharmacovigilance

Nsight team ensures safety and efficacy as a top priority for biotechnology products. We create real-time solutions to collect and integrate data from disparate sources so you address the most complex challenges.

Supply Chain

Supply Chain

Nsight offers a proven framework and a set of Key Performance Indicators (KPIs) to optimize your supply chain for increased end-to-end supply chain transparency and visibility.

Process Outsourcing

Process Outsourcing

We help biotechnology companies to optimize business processes and improve business outcomes. Focused on delivering greater agility and better outcomes, we ensure that we help our clients scale faster and lower costs across the enterprise.

Discovery

We address the complete discovery lifecycle with offerings to re-engineer, consult, automate, and research. You can accelerate discovery efforts and improve the desired outcomes.

Process Automation

Automate labor-intensive clinical trial processes, optimize workflow, integrate platforms and processes, promote strategic decision-making, and maximize budgets with flexible funding models.

Regulatory Compliance

Nsight has best practices to enable unmatched security management, system validation, and regulatory controls.

Pharmacovigilance

Nsight team ensures safety and efficacy as a top priority for biotechnology products. We create real-time solutions to collect and integrate data from disparate sources so you address the most complex challenges.

Managed Markets

Your company can manage negotiated price documents, track compliance, and offer formulary maintenance with the manage market solution. We enable higher efficiencies and lower costs with our expertise in biotechnology solutions.

Supply Chain

Nsight offers a proven framework and a set of Key Performance Indicators (KPIs) to optimize your supply chain for increased end-to-end supply chain transparency and visibility.

Process Outsourcing

We help biotechnology companies to optimize business processes and improve business outcomes. Focused on delivering greater agility and better outcomes, we ensure that we help our clients scale faster and lower costs across the enterprise.

Frequently Asked Questions (FAQs)

Biotechnology companies risk significant technological changes during their R&D phase, negatively impacting their progress. Additionally, keeping up with the increasing regulatory standards has amplified the challenge for the biotech industry.

Over the years, automation helped automate repetitive tasks in biotechnology companies. In recent times, automation can perform more sophisticated tasks like improving the reproducibility of experimental results, connecting corporate inventories, and managing sample and dispensing systems. Technologies like Robotic Process Automation are helping accelerate analysis and reporting.

The top technology trends for the life science industry are –

  • Artificial intelligence and analytics (to automate processes and enhance decision-making)
  • Internet of Medical Things or IoMT (connected wearables, sensors, and smart drugs)
  • Information security (to protect life science companies from cyber-attacks)
  • Cloud content management (to enable seamless content workflow and seamless integration with other systems)
  • Data integration platform (for unified data integration across multiple data sources)

A cloud-based Enterprise Resource Planning (ERP) system is an ideal investment for biotech companies. It helps them embrace digital transformation, meet regulatory compliance, and collaborate better. Adopting an intelligent ERP system optimizes real-time spend management, implements robust internal controls and SOX compliance, integrates with third-party logistics and contract manufacturers, helps with FDA validation, and enables faster financial statements and accounting closing.

AI is a critical technological advancement in the biotech industry. It helps with drug target identification, image screening, and predictive modeling. AI is also used to analyze scientific literature and efficiently manage clinical trial data.

A Supply Chain Management (SCM) system helps biotech companies manage product flow efficiently across all channels and enhance supply-chain visibility. You can optimize warehouse management, increase supply chain security, enhance transportation, and optimize inventory and logistics management.

Manufacturing 4.0 (also known as Industry 4.0) is the creation of smart factories. It is the use of new technologies like Artificial Intelligence (AI), the Internet of Things (IoT), Machine Learning (ML), cloud computing, analytics, and automation. The use of digital technologies will make manufacturing more flexible, agile, responsive, and customer-focused.

Big data and analytics help perform in-depth competitor analysis, and monitor, and improve internal processes with insightful data. The technology derives insights on clinical trial data, accelerates drug development, increases clinical trials’ efficacy, reduces the cost of drug utilization, streamlines compliance, and improves operations.

Biotech companies can meet the demands of the ever-evolving market needs with emerging technologies. Digital technologies help create a connected world where biotechnology organizations can drive higher efficiency, optimize business processes, adapt quickly, and enhance the speed to market.

Digital transformation is imperative for biotech and life sciences companies. Nsight can help a biotech company adopt next-gen technologies like artificial intelligence, RPA, machine learning, and the Internet of Things (IoT). We can also help organizations adopt ERP, CRM, and SCM solutions for improved business processes, seamless operations, higher productivity, and increased revenues. Speak to one of our industry specialists to learn more.

 

Navigate Technology Landscape Confidently with Nsight

Related Resources

Download