LIMS study addresses cost of ownership
Thermo Electron Corp. has announced findings from a market survey on LIMS (laboratory information management system) standardization and total cost of ownership (TCO), conducted on its behalf by IDC, a research and consulting firm.
Thermo Electron Corp . has announced findings from a market survey on LIMS (laboratory information management system) standardization and total cost of ownership (TCO), conducted on its behalf by IDC, a research and consulting firm. The new study identifies and quantifies a number of benefits that can be realized from harmonizing processes and standardizing on a single global LIMS. Entitled Standardizing on LIMS: TCO and ROI for the Multi-Lab Setting, the study investigates the IT and business value of LIMS standardization.
IDC’s study is based on in-depth interviews with senior LIMS and IT managers at leading companies, in industries such as pharmaceuticals, chemicals, food and beverage, and oil and gas, that have either standardized or are in the process of standardizing on one LIMS solution. Key findings of the study include:
Companies reported as much as a 40% reduction in TCO by standardizing on one LIMS.
Annual benefits of approximately $300,000 per lab were realized from implementing a standardized LIMS.
On average, companies improved IT efficiency and were able to reduce IT staff supporting LIMS by 57%.
User support activities, applications management and validation, time devoted to troubleshooting and data management typically were reduced as much as 90%.
—David Greenfield, editorial director, Control Engineering, firstname.lastname@example.org