Life Sciences companies need to adapt to the newer technological advancements that are taking place and focus on modernizing their existing systems and processes to navigate through these changes and capitalize on the opportunities. In order to differentiate their products and services in today's business climate, life sciences companies need to consider leveraging new technologies including Cloud, Mobility, Internet of Things (IoT), Big Data and Analytics, Product and Portfolio Management, Asset Management, Quality Management, Environmental Accounting and Reporting (sustainability), Modern marketing processes and solutions, CRM, and Modern Supply Chain solutions, among others.