Straight Talk Special Issue: Life Sciences & Healthcare - 27

Today, the lines between IT and business are blurring.
Technologists and business folks are often one and the same.

We're also continuing to look at how we can
better attract and retain millennials, who will
account for 40 percent of our workforce in the
next several years. For example, we're trying to
reduce the amount of paperwork they have to
process,
by
converting
it
from
the
two-dimensional written word into digital
technologies such as three-dimensional virtual
reality - a mode they have grown up with.

Unlocking value

Because IT is now an integral part of the
business, we look for new ways to collaborate
with our business partners. For example, we
have what we call innovation days during
which business people explain ways they
would like to see the business evolve and we
suggest technologies that could enable that.
Based upon these interactions, we are able to
develop one-year and three-year innovation
roadmaps.
Also, IT's role in mergers and acquisitions is
increasingly important. When a company
makes an acquisition, it is usually looking to
acquire intellectual property, gain market
share, or diversify its product portfolio.

But how quickly can it unlock the value of the
acquisition? That's all based upon how quickly
the IT systems can be integrated. So IT is really
the key to capitalize on the value that was the
reason for the acquisition.

Looking ahead

As cloud, robotic processing, blockchain, and
Big Data begin to deliver on their promise,
we'll start seeing industries and companies
gain real value from those technologies. For
example, we will be able to speed up our time
to market, as we tap into a pre-existing and
pre-engineered cloud infrastructure instead of
having to develop, procure, and manage data
centers, servers, and networks.
One technology that we hope to benefit from
is using sensors to monitor our manufacturing
processes. Although we currently collect
millions of data points, we only care about
anomalies in the process. New technology will
allow us to discard a lot of data, so we don't
have to manage it, and only look for anomalies
that indicate a potential production issue.

Takeaways
* IT is changing from a utility to an innovation center. That means that IT
professionals need to know their business inside and out.
* MBA rotational programs are a powerful way to attract and retain talent
and effectively staff your workforce.
* "Innovation days" and mergers and acquisitions are two key areas in
which IT and business functions can collaborate.
27



Straight Talk Special Issue: Life Sciences & Healthcare

Table of Contents for the Digital Edition of Straight Talk Special Issue: Life Sciences & Healthcare

Contents
Straight Talk Special Issue: Life Sciences & Healthcare - Cover1
Straight Talk Special Issue: Life Sciences & Healthcare - Cover2
Straight Talk Special Issue: Life Sciences & Healthcare - 1
Straight Talk Special Issue: Life Sciences & Healthcare - Contents
Straight Talk Special Issue: Life Sciences & Healthcare - 3
Straight Talk Special Issue: Life Sciences & Healthcare - 4
Straight Talk Special Issue: Life Sciences & Healthcare - 5
Straight Talk Special Issue: Life Sciences & Healthcare - 6
Straight Talk Special Issue: Life Sciences & Healthcare - 7
Straight Talk Special Issue: Life Sciences & Healthcare - 8
Straight Talk Special Issue: Life Sciences & Healthcare - 9
Straight Talk Special Issue: Life Sciences & Healthcare - 10
Straight Talk Special Issue: Life Sciences & Healthcare - 11
Straight Talk Special Issue: Life Sciences & Healthcare - 12
Straight Talk Special Issue: Life Sciences & Healthcare - 13
Straight Talk Special Issue: Life Sciences & Healthcare - 14
Straight Talk Special Issue: Life Sciences & Healthcare - 15
Straight Talk Special Issue: Life Sciences & Healthcare - 16
Straight Talk Special Issue: Life Sciences & Healthcare - 17
Straight Talk Special Issue: Life Sciences & Healthcare - 18
Straight Talk Special Issue: Life Sciences & Healthcare - 19
Straight Talk Special Issue: Life Sciences & Healthcare - 20
Straight Talk Special Issue: Life Sciences & Healthcare - 21
Straight Talk Special Issue: Life Sciences & Healthcare - 22
Straight Talk Special Issue: Life Sciences & Healthcare - 23
Straight Talk Special Issue: Life Sciences & Healthcare - 24
Straight Talk Special Issue: Life Sciences & Healthcare - 25
Straight Talk Special Issue: Life Sciences & Healthcare - 26
Straight Talk Special Issue: Life Sciences & Healthcare - 27
Straight Talk Special Issue: Life Sciences & Healthcare - 28
Straight Talk Special Issue: Life Sciences & Healthcare - 29
Straight Talk Special Issue: Life Sciences & Healthcare - 30
Straight Talk Special Issue: Life Sciences & Healthcare - 31
Straight Talk Special Issue: Life Sciences & Healthcare - 32
Straight Talk Special Issue: Life Sciences & Healthcare - 33
Straight Talk Special Issue: Life Sciences & Healthcare - 34
Straight Talk Special Issue: Life Sciences & Healthcare - 35
Straight Talk Special Issue: Life Sciences & Healthcare - 36
Straight Talk Special Issue: Life Sciences & Healthcare - 37
Straight Talk Special Issue: Life Sciences & Healthcare - 38
Straight Talk Special Issue: Life Sciences & Healthcare - 39
Straight Talk Special Issue: Life Sciences & Healthcare - 40
Straight Talk Special Issue: Life Sciences & Healthcare - 41
Straight Talk Special Issue: Life Sciences & Healthcare - 42
Straight Talk Special Issue: Life Sciences & Healthcare - 43
Straight Talk Special Issue: Life Sciences & Healthcare - 44
Straight Talk Special Issue: Life Sciences & Healthcare - Cover3
Straight Talk Special Issue: Life Sciences & Healthcare - Cover4
https://magazine.straighttalkonline.com/hi_tech
https://magazine.straighttalkonline.com/issue12
https://magazine.straighttalkonline.com/assetheavy2020
https://magazine.straighttalkonline.com/lifesciencesandhealthcare2019
https://magazine.straighttalkonline.com/womenintech2
https://magazine.straighttalkonline.com/financialservices2019/
https://magazine.straighttalkonline.com/issue11
https://magazine.straighttalkonline.com/issue10
https://magazine.straighttalkonline.com/issue9
https://magazine.straighttalkonline.com/womeninit
https://magazine.straighttalkonline.com/financialservices
https://magazine.straighttalkonline.com/issue8
https://magazine.straighttalkonline.com/issue7
https://magazine.straighttalkonline.com/issue6
https://magazine.straighttalkonline.com/issue5
https://magazine.straighttalkonline.com/issue4
https://magazine.straighttalkonline.com/issue3
https://magazine.straighttalkonline.com/issue2
https://magazine.straighttalkonline.com/issue1
https://www.nxtbookmedia.com