How can I tell if it’s worth investing in a LIMS?
Given that many organizations and their laboratories are looking to improve efficiency and reduce costs, it may seem self-evident that introducing a Laboratory Information Management System (LIMS) should help in achieving that aim. However, tangible evidence in the form of a projected Return on Investment (ROI) and business plan is frequently required. In addition, these can provide a basis against which success of the project can be measured. Autoscribe Informatics have just published an updated version of their popular white paper ‘Justifying the Purchase of a LIMS’. This is designed to help any organization develop a detailed, evidence based justification for investing in a LIMS. This updated version not only discusses the key factors to be considered in an ROI assessment, but also provides models and examples for how ROI may be calculated.