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Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That鈥檚 why 乐鱼(Leyu)体育官网 LLP established its industry-driven structure. In fact, 乐鱼(Leyu)体育官网 LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

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乐鱼(Leyu)体育官网 life sciences technology insights report

乐鱼(Leyu)体育官网 reports on the state of life sciences industry digital transformation, automation, artificial intelligence, and machine learning

Digital to the core

In May and June 2022, 乐鱼(Leyu)体育官网 U.S. surveyed 1,052 U.S.-based, executive-level technology leaders across eight broad industry sectors. The听2022 乐鱼(Leyu)体育官网 U.S. Technology Survey Report听covers the current state of their organization鈥檚 digital transformation journey, the challenges they are facing along that journey and their planned technology investments.听This听life sciences industry insights report听highlights the most significant differences in the survey findings for the 101 technology leaders in the life sciences sector relative to all sectors represented in the survey.

Key findings

Our survey shows that compared to companies as a whole, life sciences companies lead in the adoption of many advanced technologies, including artificial intelligence (AI). They鈥檙e ahead of the game when it comes to cyber security, too, yet they lag in cloud adoption more so than their counterparts in other industries.

This is Speed to Modern Technology

Our 15,000+ technology professionals have a wide range of specialties, from AI to analytics and 5G to blockchain. But they鈥檙e all dedicated to just one thing: helping technology leaders succeed by accelerating their transformation efforts 鈥� starting now.

Here are a few highlights:

Life sciences companies lead the way in many areas, but not all:

  • AI and automation (57%听vs.听40%听of all companies)
  • Cyber security (52%听vs.听42%)
  • Data and analytics (54%听vs.听51%)
  • Cloud (39%听vs.听48%)

Compared to other industries, their primary goals for investing in enterprise technology are different:

  • They鈥檙e the most likely to cite amplifying customer centricity (58%听vs.听46%)
  • They鈥檙e less likely to list accelerate agility as a goal (37%听vs.听42%)
  • They鈥檙e less likely to invest to create new value (17%听vs.听22%)

Predictably, the cyber security concerns of life sciences companies are different than those of others, too:

  • More cite the creation of new services based on Internet of Things technology as a top cyber security challenge (28%听vs.听17%)
  • More than those in any other industry, they plan to invest in data protection over the next 18 to 24 months (50%听vs.听39%)

But they鈥檙e appear to be doing a better job in cyber security than others:

  • Fewer cite a lack of skills as a top-3 challenge to achieving cyber security goals (29%听vs.听39%)
  • More say they鈥檙e progressing well against their cyber security agenda (52%听vs.听42%)

Download the full report and discover how 乐鱼(Leyu)体育官网 can help you with digital transformation.

Dive into our thinking:

Life sciences industry insights

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Meet our team

Accelerating business transformation requires speed of insights and deep expertise.

Our professionals immerse themselves in your organization, applying industry knowledge and innovative technology to deliver sustainable results. Whether it鈥檚 helping you lead an ESG integration, risk mitigation, or digital transformation, 乐鱼(Leyu)体育官网 creates tailored, data-driven solutions that help you deliver value, drive innovation, and build stakeholder trust.

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Justin Hoss
Global Lead Partner and National Technology Sector Leader, Life Sciences, 乐鱼(Leyu)体育官网 US
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Steve Sapletal
Principal, Transaction Strategy & HCLS Strategy Leader, 乐鱼(Leyu)体育官网 US
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Steve Sapletal

Principal, Transaction Strategy & HCLS Strategy Leader, 乐鱼(Leyu)体育官网 US

Steve Sapletal is a Principal at 乐鱼(Leyu)体育官网, LLP and leads our Transaction Strategy practice, HCLS Strategy practice and Global I&S network. He is a seasoned leader and engagement partner with more than 30 years of experience leading large-scale programs in transaction advisory, strategy and operations consulting. He has led engagement teams through all aspects of the M&A lifecycle in deal strategy, operations and synergy diligence, integration and separation readiness, planning and post-close execution, operational carve-out transactions and transformational business process implementations. In his career, he has been involved in over 400 deals.

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