2024 Biopharma Library and Knowledge Management Benchmarks: Insights from Best Practices, LLC
CHAPEL HILL, N.C., Mar. 27, 2024/ -- In the dynamic realm of the biopharmaceutical industry, access to reliable information and knowledge is paramount. Corporate libraries play a crucial role in facilitating this access, serving as hubs of information management and dissemination.
Recent research conducted by Best Practices, LLC reveals that corporate libraries provide wide-ranging services to their organization, but penetration rates of the user base is only 37%.
However, libraries with above-average usage showcase a remarkable adoption of strategic activities, leading to higher effectiveness in service delivery.
Among the successful strategies identified in the study are:
- Increasing partnerships and outreach with internal stakeholders (100% “highly effective”)
- Providing new services (data/text mining, alerts, newsletters) (100% “highly effective”)
- Establishing a therapeutic area focus (100% “highly effective”)
"Benchmarking Library and Knowledge Management Services in the Biopharma Industry” is a 55-page report that delves into key metrics essential for leaders in biopharma corporate libraries to enhance their services, staffing, budget allocation, and activity levels.
Drawing insights from 21 leaders from 20 leading pharmaceutical and life science companies, the report offers a comprehensive analysis of organizational structure, service offerings, human resources involvement, financial resourcing, and more.
Key topics addressed in this report:
- Library Services Organizational Structure
- Services Offered by the Library or Information Center
- Human Resources and their Involvement Level
- Data Usage Metrics and Adoption of Library Service Strategies
- Financial Resourcing and Cost Recovery
- Corporate Size and Complexities
To learn more about this report, download a complimentary report excerpt at
https://www.best-in-class.com/rw285.htm
ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations.