Learn what factors to consider when choosing technology and systems for your life sciences organization.
The expenses your organization incurs throughout the lifespan of technologies or systems are your cost of ownership. It includes initial acquisition costs, operating expenses, maintenance fees, and eventual disposal or replacement costs. Understanding cost of ownership is necessary for budgeting, decision-making, and resource allocation.
Immediate needs may influence purchasing decisions, but it’s important to consider the bigger picture to ensure that your life sciences organization is acquiring the technology, systems, and applications that meet regulatory requirements and fulfill their intended purposes.
By considering the following factors, your life sciences organization is better able to manage the total cost of ownership and ensure that your technology drives innovation and productivity.
- Acquisition costs include upfront expenses to purchase technology such as laboratory equipment, software systems, and data management solutions.
- Operating expenses are ongoing costs involved with using your technology and solutions, like utilities (i.e., electricity and water), technical support, and training.
- Maintenance fees cover periodic servicing, calibration, software updates, and repairs to ensure optimal performance.
- Compliance costs include time and money spent on documentation, audit readiness, validation, and quality assurance procedures.
- Upgrades and expansion require investing in newer versions of software, acquiring equipment with enhanced capabilities, or scaling up production capacity.
- Replacement costs factor in downtime costs in addition to the amount of money needed to purchase new technology or equipment.
To help lower your IT cost of ownership and increase speed to market, USDM Life Sciences offers two proprietary solutions: 1) ProcessX for compliant GxP workflow automation, and 2) Cloud Assurance as a Platform (CAaaP) for continuous automated testing and support for GxP applications. They deliver value through:
- Operational efficiency. Move your organization from a document-driven approach to a data-driven approach.
- Audit Readiness: Automate documentation, validation processes, and compliance checks to significantly reduce the manual effort to prepare for audits and inspections.
- A single source of truth. Integrate software and services to manage all aspects of GxP compliance and manage GxP applications throughout their lifecycle.
- Real-time insights. Enable AI and machine learning tools in your processes and harmonize your approach to digital quality.
- Workforce optimization. Offload validation and maintenance to USDM and empower your workforce to concentrate on innovation.
Contact USDM to implement a new way of working that leverages more automated testing, streamlines your GxP processes, and reduces your IT cost of ownership.