The Labs of the Future is in the here and NOW!

#DisruptionDialogues

With the Innovation, Collaboration, and Technology converging, what does the COVID19 pandemic mean for the "Labs of the Future? Our Chief Mentor and Host, Pranjal Sharma, Economic Analyst, Advisor and Author, is in conversation with Marcelo D. Prado, Vice President, Marketing and Strategy, ThermoFisher Scientific, where they discuss how the innovations we utilize in our everyday life can be smartly adapted to simplify Lab science. And that Labs of the Future need business plans as much as they need IT solutions.

Picture the lab of the past- a dreary space where scientists and researchers are expected to think creatively, solve complex problems, and unlock the latest breakthroughs, yet are limited by mostly manual, laborious processes, data entry errors and fragmented information. The Labs of the Future is very different, say key stakeholders in the field. It is an exciting space where academic researchers, computing giants and large companies come together to blend Artificial Intelligence, IOT and Robotics in a way that may herald a new way of researching every product we use and consume in daily life, from food to self-driven vehicles to voice-activated devices that make our daily tasks safe and convenient.

Then
Labs of the Past

Now
Labs of the Future

The new generation of scientists entering the field has grown up in the digital world, and they are accustomed to the flexibility and open approach to work that digitization brings. For up-and-coming scientists, the future is now, and digital tools and solutions are simply an accepted way of doing business-and a way to bring science into the light. The Labs of the Future is not limited to a building, but can actually be a virtual space with sophisticated digital tools and solutions that promote globalization in an environment that is more open and collaborative.

Discovery to delivery

The Labs of the Future needs to focus on the scientists and the systems that they need for scientific breakthroughs, from discovery to delivery, all over the world.
Thermo Fisher provides a lot of analytical instruments, consumables and Lab information management systems, which is a big piece of the 'Labs of the Future', says Marcelo , adding that collaboration is key and finding the right business partner to work across teams, across countries and geographies is very important.
Labs of the Future is a driver for growth by creating new offerings for customers and increasing speed to market for new products. CXO's need effective business strategies in place to manage market disruptions as much as they need cutting edge technology and science.
In the next three years, there will be a big paradigm shift in connected software packages, automation and in Lab persona workforce, adds Pranjal.

The Labs of the Future is an exciting development because it will free up time for scientists, help them to monitor progress remotely and focus on breakthrough ideas. It will also produce more accurate results by eliminating human error that make many experiments impossible to fully replicate. Thus with the help of AI, scientists will be able to identify relationships between disparate results and track protocols and data with speed and accuracy. Management systems and business plans are also an important component of the Labs of the Future to customize systems for customer needs, provide a more efficient path to discovery and a more effective plan for delivery.

The biggest value that the Labs of the Future will create is data, which is integrated. The data will create value for years to come across industries. Businesses should focus on sharing the intelligence and making sure that everybody is leveraging that, especially the research and development.