The life science sector is quickly adopting analytics, focusing on descriptive and reporting analysis for database construction to forecast future trends and outcomes which is expected to drive market growth. However, increasing climate change impacts and increasing pressure to build sustainability are one of the most critical risks to their future growth strategy. Also, COVID-19 pandemic paved the way for a shift in trends towards life science analytics market. Therefore, alongside concentrating their capital in several areas including value development and digital transformation, businesses in the life sciences sector are focused on investing in sustainability.

Why is it important to have ESG?

The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world.

Read More @ https://astra.grandviewresearch.com/life-science-analytics-industry-esg-outlook