New LIMS Industry Study Confirms Standardization Reduces Total Cost of Ownership

Thermo Electron Corporation has announced findings from a market survey on LIMS (Laboratory Information Management System) standardization and Total Cost of Ownership (TCO), conducted on its behalf by IDC, a Framingham, Massachusetts-based research and consulting firm. The new study identifies and quantifies a number of compelling benefits that can be realized from harmonizing processes and standardizing on a single global LIMS. Entitled “Standardizing on LIMS: TCO and ROI for the Multi-Lab Setting”, the study is the first of its kind to investigate the IT and business value of LIMS standardization. A White Paper resulting from the study is available for download.

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  • Companies reported as much as a 40% reduction in TCO by standardizing on one LIMS. 
  • Annual benefits of approximately $300,000 per lab were realized from implementing a standardized LIMS.
  • On average, companies improved IT efficiency and were able to reduce their IT staff supporting LIMS by 57%.
  • User support activities, applications management and validation, time devoted to troubleshooting and data management were typically reduced by as much as 90%.

TCO is a business concept model that helps organizations account for all direct and indirect costs incurred throughout the lifecycle of an IT asset, from original acquisition through retirement. Commenting on the study, Jim Neville, Director of Marketing and Business Development of Thermo Electron’s Informatics business, stated: “This groundbreaking study confirms that our customers are realizing substantial cost savings and impressive operational benefits from implementing Thermo’s LIMS as a global standard.  Further, the study reaffirms the critical role a vendor plays in rolling out a global solution and the importance of selecting a vendor capable of delivering and supporting a standard solution across different geographic locations.”

According to one company interviewed for the study, “By implementing Thermo’s LIMS as a global standard, we lowered TCO after experiencing a tremendous reduction in IT support costs. This standardization also greatly simplified integration with our ERP system, dramatically improving the way in which we access and report data company-wide.”  

IDC is a premier global market intelligence and advisory firm in the information technology and telecommunications industries. The company analyzes and predicts technology trends so that clients can make strategic, fact-based decisions on IT purchases and business strategy. Business executives and IT managers have relied for 40 years on IDC’s advice to make decisions that contribute to the success of their organizations. Over 700 IDC analysts in 50 countries provide local expertise and insights on technology markets.

About Informatics & Services
Thermo is a worldwide leader in laboratory informatics software and services for large life and analytical science companies. With proven technology including SampleManager and Nautilus LIMS, and the Atlas CDS, Thermo offers enterprise and instrument integration solutions that can be standardized across the organization. Thermo’s global services team provides dependable deployments, training and support, as well as GMP compliance services. For more information, visit www.thermo.com/informatics .

About Thermo Electron Corporation
Thermo Electron Corporation is the world leader in analytical instruments. Our instrument solutions enable our customers to make the world a healthier, cleaner and safer place. Thermo’s Life and Laboratory Sciences business provides analytical instruments, scientific equipment, services, and software solutions for life science, drug discovery, clinical, environmental, and industrial laboratories. Thermo’s Measurement and Control business is dedicated to providing analytical instruments used in a variety of manufacturing processes and in-the-field applications including those associated with safety and homeland security. Based near Boston, Massachusetts, Thermo has revenues of more than $2 billion, and employs approximately 10,000 people in 30 countries. For more information, visit www.thermo.com .