Contract research organizations to increase their IT spending by 6.4% a year

Healthy operating results and the growing need to differentiate their capabilities to deliver on-time, high-quality trials will lead contract research organizations (CROs) to increase their IT investments, according to Life Science Insights. The research company expects CROs to increase their spending on IT at a compound annual growth rate (CAGR) of 6.

Healthy operating results and the growing need to differentiate their capabilities to deliver on-time, high-quality trials will lead contract research organizations (CROs) to increase their IT investments, according to Life Science Insights. The research company expects CROs to increase their spending on IT at a compound annual growth rate (CAGR) of 6.4% over the 2003