According to a white paper by Evalueserve (2004), a global market research and Intellectual Property services firm, the success in offshoring Business Process Operations (BPO) to reduce costs and improve quality has encouraged many companies to start offshoring their high-end knowledge work as well.
The tilt towards outsourcing has happened largely because the cost and quality benefits are coupled with access to good and reliable talent. Offshoring of high-end knowledge work is handled at Outsource2india by means of our Research and Analysis Services.
The global Research and Analysis industry is estimated to reach USD 17 billion by 2010, of which USD 12 billion (almost 70%) would be outsourced to India alone.
Within the field of Research and Analysis Services, bioinformatics, data mining and analysis, biotech and pharmaceutical research (Contract Research) and Intellectual Property Research (IPR) are expected to make huge strides in the area of outsourcing.
With the current information overload, culling out the necessary information has become time consuming. This has given rise to the science of Informatics, which uses information technology (IT) for data management and analysis. Informatics has been applied to diverse fields from medicine, biotechnology and food technology to fine arts. It involves the management and analysis of data using advanced computing techniques.
The recent flood of data from genomic sequencing, functional genomics and proteomics has given rise to the field of Bioinformatics, through which vast amounts of genomic data produced globally is stored, managed, retrieved, analyzed and integrated. This data, which is now publicly available in databases, involves the use of advanced data capture, data warehousing and data mining techniques - all of which form part of the field of Bioinformatics. In simple terms, Bioinformatics is an interdisciplinary research area that uses mathematical, statistical and information technology tools to manage and analyze biological data.
Cheminformatics uses computers for the management, mining and analysis of chemical structures and related property data and information. Cheminformatics is particularly used in drug designing, for lead screening and optimization of new chemical entities (NCE). Until recently, drug designing involved a labor-intensive, trial-and-error process, often spanning a time-frame of 15-20 years. Now cheminformatics has made it possible to use information technology to plan and automate processes related to the chemical synthesis of possible therapeutic compounds. The application of Bioinformatics and Cheminformatics helps us decide well in advance which chemical entity forms the strongest contender.
Outsourcing research informatics offers you the following advantages. You will:
India offers substantial cost advantages - often as much as 40-60 percent - in the areas of contract research and clinical trials. By offshoring data mining and analytics, cost advantages can rise as high as 70 percent.
Contract research organizations (CROs) in India are being widely used by pharmaceutical companies, for lead optimization and improvement in manufacturing processes.
India provides a large pool of English-speaking, highly-qualified engineers and scientists at a lower cost. The R&D being outsourced to India relates to areas such as molecular biology, DNA sequencing, molecular biology software packages, and molecular modeling.
India’s proven track record in information technology and business process outsourcing makes it a prime destination for bioinformatics and Research/Analysis outsourcing.
The Indian biotech industry, which has been growing at the rate of 28.09% from the year 2005, is estimated to reach the $5 billion mark by the end of 2010. India will emerge as a key destination for clinical trials & stem cell research. The BioPharma industry which develops vaccines, therapeutics and other products, will come into the limelight as a major segment of the Indian Biotech industry. Biotechnology will contribute to Indian agriculture through the development of a large number of genetically modified crops.
The Indian Government has recognized the value of Research and Analysis in the country’s economy and has taken considerable measures towards liberalization and deregulation. Consistent with WTO guidelines effective from 2005, India offers 10-year tax concessions on revenue to companies making Research & Development (R&D) investments here.
Building in-house informatics and scientific skills for your company will involve high investments in qualified people, as well as in the infrastructure which includes hardware, software and database requirements.
At Outsource2india, we possess state-of-the-art infrastructure and bioinformatics software to handle lab automation and algorithm development for the various high-throughput assays, preclinical assays, process development, image analysis and microarray analysis. We have a wide talent pool of research personnel from leading bioinformatics training institutes. Our people have received intensive in-house training and are well-equipped with specialized skill sets essential for high-end work.
At Outsource2india, we understand the impact of data flood on pharmaceutical companies and research organizations. We use the latest bioinformatics tools to handle bioinformatics, genomics and drug-discovery initiatives.
At Outsource2india, we have the best talent to handle Synthesis Planning, Reaction and Structure Retrieval, 3-D Structure Retrieval, Modeling, Computational Chemistry Visualization Tools and Utilities
We’ve been in the business of Research and Analysis outsourcing and other outsourcing services for over 12 years now.
If you would like to find out more about how you can outsource bioinformatics and cheminformatics to O2I, please fill in the inquiry form and our Client Engagement Team will contact you within 24 hours.
Please contact Outsource2india here with your outsourcing requirements.