Demand for data management 'set to boom'
11 Apr 2007
The demand for data management among life sciences companies is set to soar, according to latest research.
A survey from Frost and Sullivan entitled Data Integration in Life Science Companies found that the need for effective tools for storing and viewing data is to increase.
It states that data integration is likely to be the next phase in the growth of data management solutions for life sciences companies.
A Frost and Sullivan spokesperson commented: "The global markets for varied data quality tools are not clearly delineated or disjointed from the market for data integration tools.
"Solution providers in the data integration market cannot ignore the importance of data quality as the first stage in their integration project lifecycle."
The analyst continued that the need for data integration and management "is certain" and that this will affect the majority of life sciences and pharmaceutical firms.
Meanwhile, a roundtable of insurance executives organised by Ernst and Young also recently found that data management issues are likely to pose a problem for the industry in the near future.
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