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ICT investment trends in pharmaceuticals - Enterprise ICT spending patterns through to the end of 2015

This report presents the findings from a survey of 113 pharmaceutical companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how pharmaceutical companies currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

Key Findings Kable’s survey of 113 pharmaceutical companies highlights that X% of respondents anticipate an increase in their ICT budgets in 2014, which is an increase of X% compared to 2013.? According to Kable’s survey, pharmaceutical companies are planning to invest X% of their external ICT budgets in hardware, software, and IT services in 2014, which is more than the combined allocation in 2013 (X%).? Pharmaceutical companies are allocating the highest proportion of their software budgets to application lifecycle management (X%) followed by enterprise applications (X%) and information management (X%) in 2013.

SynopsisThis report presents the findings from a survey of 113 pharmaceutical companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how pharmaceutical companies currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

The report illustrates the core technologies enterprises are investing in, including business intelligence, content management, and cloud computing. The survey also highlights the approach adopted by the pharmaceutical companies to purchase technology. Through Kable’s survey, the report aims to provide better insight to ICT vendors and services providers when pitching their solutions to pharmaceutical companies.

In particular, it provides an in-depth analysis of the following: Understand how ICT budgets are set to change in 2014 in terms of their overall size.Appreciate how IT budgets are allocated across the core elements of IT spend, including hardware, software, services, communications, and consulting.

1 Trends in ICT budgets1.1 Introduction1.2 Survey demographics1.3 ICT budget changes1.4 ICT budget allocation by core technology area1.4.1 Hardware budget breakdown1.4.2 Software budget breakdowns1.4.3 Third party IT services expenditure1.4.4 Telecommunications budget1.5 ICT budget allocation by function1.6 Outsourced IT functions2 ICT investment priorities and vendor mindshare2.1 Introduction2.1.1 Business intelligence2.1.2 Content management2.1.3 Cloud computing3 ICT procurement trends3.1 Introduction3.2 Business objectives influencing IT investment strategy3.3 IT objectives influencing IT investment strategy3.4 ICT provider selection4 Sector-specific trends4.1 Introduction4.2 IT spending plans for specific business areas4.3 Business areas receiving the largest investments4.4 Business challenges

5 Summary5.1 Pharmaceuticals are increasingly focusing on IT to remain competitive in the market6 Appendix6.1 Definitions6.2 Further reading6.3 Contact the authors

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