Pfizer Inc – Digital Transformation Strategies
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Pfizer Inc Digital Transformation Strategies
Pfizer uses AI and data analytics to accelerate drug discovery and enhance operational efficiencies as a part of its digital transformation strategies. The annual ICT spending of Pfizer was estimated at $3.6 billion in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Pfizer Inc (Pfizer) discovers, develops, manufactures, and commercializes biopharmaceuticals. The company offers products to treat various conditions such as cardiovascular, metabolic and pain, women’s health, cancer, inflammation, immune disorders, and rare diseases. It also provides sterile injectable pharmaceuticals, biosimilars, active pharmaceutical ingredients (APIs) and contract manufacturing services.
The Pfizer Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, technology investments, ICT spending among others.
Digital Transformation Strategies
Pfizer adopted AI as its core technology for conducting trials, processing vaccines, and streamlining distribution. Pfizer’s investment in digital infrastructure, digitalization of R&D operations, and AI-enabled working systems further complemented its effort in producing and distributing vaccines. Using AI technology in many phases of vaccine making and testing enabled Pfizer to roll out vaccines sooner, helping meet public’s immediate needs during initial onslaught of the global pandemic.
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Pfizer Technology Theme Focus
Pfizer is utilizing number of emerging technologies including artificial intelligence, big data, cloud computing, IoT and robotic process automation to enhance operational efficiency and product offerings.
Pfizer Technology Focus
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Pfizer Technology Initiatives
Pfizer has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, Pfizer entered multi-year strategic collaboration with Tempus, an artificial intelligence (AI) and precision medicine company, to further AI and machine learning-driven efforts in therapeutic development. Both companies will work together to gather insights more precisely for novel drug discovery and development in oncology. With this collaboration, Pfizer gains access to Tempus’ AI-enabled platform and its library of de-identified, multimodal data to uncover insights that will power therapeutic development.
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Pfizer ICT Spend by Function
- Data center
- End-user computing
- Service desk
Pfizer ICT Spend by Function, 2022
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Pfizer ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Pfizer ICT Spend by Channel, 2022
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Pfizer External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
Pfizer External ICT Spend by Segment, 2022
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Pfizer Digital Transformation Overview
|Total ICT Spending 2022
|ICT Spend by Function
|Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management
|ICT Spend by Channel
|Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators
|External ICT Spend by Segment
|ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others
|Technology Theme Focus
|Artificial Intelligence, Big Data, Cloud, IoT and Robotic Process Automation
This report provides:
- Insight into Pfizer’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Pfizer’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
Table of Contents
Brief information about the company, its business divisions and its financials
Digital Transformation Strategy
A summary of key digital strategies/implementation efforts of the company
Accelerators, Incubators, and Other Innovation Programs
Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation
Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company
Discussion about all the technology introductions partnerships the company has entered
Venture Arm: Pfizer Ventures
Brief information about the Company’s Ventures and its the key decision makers
Brief discussion about the investments made by the company to acquire new technologies
Brief discussion about the acquisitions by the company
Partnership and Investment Network Map
A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years
ICT Budget and Contracts
The company’s ICT budget segregated into hardware, software, and managed services
Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers
Frequently asked questions
What was the total ICT spending of Pfizer in 2022?
The annual ICT spending of Pfizer was estimated at $3.6 billion in 2022.
Which was the leading ICT spending category by function for Pfizer?
Data center was the leading ICT spending category by function for Pfizer in 2022.
Which was the leading ICT spending category by channel for Pfizer?
Internal development and maintenance was the key ICT spending category by channel for Pfizer in 2022.
Which are the leading external ICT spending category by segment for Pfizer?
Software (including cloud SaaS) was the key external ICT spending category by segment for Pfizer in 2022.
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