There is no better time than now for the pharma & medical device companies to modernize their product information management and comply with IDMP (Identification of Medicinal Products). Non-compliance might result not only in hefty penalties but also in poor operational efficiencies. Using a next-gen data management platform for your IDMP implementation will not only reduce the time-to-market in a cost-effective manner, but it will empower your organization to build new capabilities such as providing transparency to your consumers, facilitating acquisition of other products or companies, identifying emerging product safety risks, and delivering cost savings.
Over the last year, we have invested a tremendous amount in resources and cost to ensure that our platform compliance meets both industry and geographic-specific regulatory and compliance requirements. We anticipated the need for companies to want to use Reltio for data (e.g. Patient data) under HIPAA compliance, and were determined to go through the rigor and challenges to achieve full HITRUST CSF certification.
Clean data is as important as clean water and consumers expect it to be delivered with just as much consistency and reliability. Unclean, unsecure, and siloed data can kill the next-gen innovation ecosystem. A Modern Data Management platform helps you to harness the power of your (and others’) data to catalyze all disruptive innovations and make your business truly customer-centric and profitable.
The Society for Information Management (SIM) 2016 IT Trends Study highlighted important IT topics including priorities, budgets, salaries, skill needs, headcounts, performance measurement and how IT executives spend their time. The following is a list of top ten CIO concerns as summarized by Information Management, including how a modern data management platform can address them all.
It’s high time when data revolution must take the front seat to make the true digital revolution happen. Once Modern Data Management is in place, a consumer brand can reap substantial benefits on a continual basis. Starting with proper data quality and alignment of key data assets across systems, departments, and channels, a Modern Data Management Platform helps build a reliable data foundation for all your digital transformation initiatives.