Close Collaboration: An Essential Ingredient in Life Sciences

I think most of us would agree that it’s great to be part of a team that collaborates and genuinely gets along. But collaboration is not only good for morale; it is good for business. Research by McKinsey indicates that companies with better collaboration capabilities achieve superior financial performance. But the truth is that making collaboration across functions a reality is a challenge.

From a Life Sciences perspective, how do companies share information, ensure accuracy, work with regulators and expedite handoffs—that is, collaborate—to achieve the ultimate goal of getting a drug to market efficiently? This complex process involves so many people, in so many areas of the business and with so many partners—how can collaboration be facilitated and sustained?

One angle to consider is the role that content plays in driving collaboration. After all, content is associated with the drug starting at discovery and stays with it throughout its lifecycle. This goal, enabling collaboration on content, is at the very heart of the EMC Documentum for Life Sciences solution suite.

Let’s take a look at how this collaboration happens by taking a simple, high-level, but illustrative “day in the life” view of the end-to-end process to see who does what and how. Maybe you’ll walk away with a new perspective and some ideas on how collaboration can help drive efficiency and streamline content development across your organization.

“Day One” — Clinical

With every new discovery comes documentation (i.e. content.) From inception, life sciences companies are documenting their discoveries and filing investigative new drug (IND) applications for permission to conduct clinical trials. During clinical trials, there are strict requirements for many types of documentation—from the curriculum vitae of the doctors involved to the trial protocol and informed consent form, to name just a few. Literally hundreds of (more…)

Playing with Fire to Avoid Getting Burned

Suren Naidoo

Presales Director of Worldwide Functional Programs. Follow @Suren_Naidoo

It takes seconds for a fire to spread. In the financial sector, the match is already lit. FinTech, or technology that is impacting the financial services industry, is rapidly FinTech Blog-2disrupting banking incumbents and lender companies that have been in business for decades. Goldman Sachs estimates that 7% of banks’ annual profit could be consumed within 5 years from fintech startups and non-banks (Source: O’Reilly).

While conventional wisdom advises that playing with fire gets one burned, the opposite is true for financial firms – companies that are unable to leverage technical innovations are the ones left with business ashes. Over $64 billion is already getting invested in FinTech, according to VentureSource in the Wall Street Journal, so it’s likely you’re already behind in backing new technical ideas.

Whether you’re in the financial services industry or not, however, there are a few steps you can take to fend off competition and move closer to the age of the consumer. My thoughts are clearly biased toward our EMC Enterprise Content Division perspective, that content management is essential to your digital transformation. This is intentional. As IDC points out, “what’s often overlooked is the role that enterprise content management and (more…)

Momentum Barcelona Registration is OPEN!

Julie LeWarne

Senior Manager, Global Customer Events, EMC ECD

Latest posts by Julie LeWarne (see all)

It’s been 4 years in the making. The moment you’ve waited for is finally here.

Momentum Barcelona registration is OPEN!MMTM16 Barcelona 900x350

This Autumn Momentum Europe returns to the city where we had one of our most exciting conferences ever. Over 4 exciting days, you will:

●    Spend time with EMC product managers and executives, valued partners and colleagues
●    Learn industry best practices
●    Gain vertical expertise
●    Focus on business outcomes
●    Have plenty of time for networking

Here’s what you can look forward to:

●    Monday31st October:Welcome reception in the solutions exhibition
●    Tuesday 1st & Wednesday 2nd November: Jam-packed with keynotes, industry tracks, product session and hands-on labs
●    Wednesday evening: Of course, it wouldn’t be Momentum Europe without our famous Momentum Party!
●    Thursday: Half-day devoted to how IT enables business transformation, plus an exciting closing keynote

Don’t delay – early bird pricing is available now.

Thinking of sponsoring? Visit the Momentum Europe website for more information.

What are you most looking forward to at this year’s Momentum Europe? Let us know.

 

Waving the Checkered Flag for Your Compliance Race – EMC Positioned as a leader in the Magic Quadrant for Structured Data Archiving and Application Retirement

Bryant Bell

Leads product marketing for the Archiving & Pervasive Governance products in the Enterprise Content Division at EMC. Follow @bell2bry
Bryant Bell has spent over 19 years in information technology and services as a global market strategist and a specialist in GRC, eDiscovery and archiving. A past speaker at AIIM Bryant has provided insight on governance and compliant archiving. He has initiated governance eDiscovery and archiving programs with such companies as Wolters Kluwer, EMC, and Adobe. In his current role as Senior Product Marketing Manager for archiving and pervasive governance. Bryant is known as a passionate evangelist for compliant archiving as a method to unleash the value of information and transform the enterprise.

Drivers on NASCAR super speedways race at breakneck speeds, especially once tracks are repaved and tires are precisely selected. The record speed is supposedly a whopping 212 miles per hour (341 km/hr), by Bill Elliott in 1987, up from about 80 miles per hour (128 km/hr) average speeds when races started in 1949 (Source: NASCAR.com).

At EMC ECD, we are setting our own record this year for an enterprise content MQ, Gartner management (ECM) solution, making a quick entry into Gartner’s Magic Quadrant. Our InfoArchive solution, initiated in 2014, has already moved EMC into the Leader’s Quadrant in Gartner’s 2016 Magic Quadrant for Structured Data Archiving and Application Retirement.

For any company trying to win their own competitive race in industries like Healthcare and Financial Services, this EMC Gartner placement makes it easy to hit the gas on your technology selection and ability to innovate. We have seen that companies must quickly leave behind expensive legacy applications, yet still drive ahead with the data and content from those systems. And, globally dispersed teams and compliance leads must easily access that content to uncover innovative market advantages and mitigate risk.

For cEMC_hi-resmqgraphic, Gartnerustomers with requirements to store large volumes of both structured and unstructured content, there is much to learn from InfoArchive’s rapid market acceleration. It has everything to do with our vision and execution, both of which were rigorously assessed and measured by Gartner for our advancement to the Leadership Quadrant.

From a vision perspective, it was our close engagement with customers over 8 years ago through ECD Consulting Services that initiated productizing of InfoArchive just two years ago. Real-life services use cases drove our product philosophy, which never wavered: the solution must be lightweight, open, handle structured and unstructured data, deliver best-in-class compliance support, and continually hone user interfaces.

For those of you with a diversity of applications, we know you will appreciate this dedication to non-proprietary systems. Rather than limit you to only SharePoint, Oracle or other distinct application migrations, InfoArchive’s commitment to an open approach allows partners and EMC to manage more content from more systems. Decommissioning apps is no longer driven by whether your data is in applications in structured or unstructured formats — both can be ingested, migrated, stored, and accessed.

But it’s not just our vision that has led to our Gartner Leadership Quadrant placement and our rapid traction with customers. Execution has been equally important.

First, part of our “pit crew” for InfoArchive’s design is our customer base, particularly those in our beta program. Their feedback on user personas, for example, prompted us to include both Configuration Manager and Knowledge Worker options for role-based access. It turns out that many organizations have personnel who need to research and derive value from data insights provided by greater contextual understanding provided by the consolidation of structured and unstructured data, and exporting key information. Customer satisfaction also weighed into the report’s conclusions. Thank you to those who participated!

Second, we increased our own “lap speed” by accelerating the cadence of our feature release schedule. We now deliver InfoArchive improvements on a quarterly basis, to the delight of both existing customers and those prospects awaiting a particular product capability. Our aforementioned open platform also speeds development. Most recently, we announced InfoArchive 4.0 Extreme Archiving at Momentum. Thank you to our R&D teams!

It is this combination of vision and execution that has led to our pole position in the latest Gartner report. Most importantly, our winning feature sets and solution improvements enable customers to make a strong finish on their migration plans and compliance requirements. Are you an InfoArchive customer (or a racing fan?!). Share your thoughts below.

(1): This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from [insert client name or reprint URL]. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

Catching a Breath, and Prepping for Energy’s Future

Martin Richards

EMC Corporation’s Enterprise Content Division Senior Director of Energy Industry Solutions. Follow @MartinR_Eng

I was driving into the office and swerving to avoid potholes and large cracks on a popular highway here in California. “Why can’t they fix this road,” I thought, and this in fact led me to think about our own customers’ dilemma.

RoadFor as long as I can remember, oil companies and energy providers have been absorbed with large capital projects as they keep the world’s lights on and industries humming. How could they possibly stop to fix and improve archaic systems while running hydroelectric plants and LNG facilities? Just as our road transportation authorities can’t shut down a major thoroughfare during commuter hours to fix it, our customers can’t fully stop to build new plants while keeping existing ones running.

That said, with oil prices still low relative to historical highs, the pace of capital projects in the energy industry has slowed down enough for companies to take stock of their situation and make strategic moves. We discussed the possibility for these changes to happen when oil was less than $50 a barrel last July, and now the waters have parted, presenting an opportunity to act.

What we don’t know is how long the situation will last, and how quickly the window to do something impactful will remain open. If oil prices stay low another year, it will be a cumulative two years of this capital-light climate. That’s far too long for any (more…)

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