Why Takeda no longer has an 'IT department' as part of the drug maker's digital and data transformation
Briefly

Ricci emphasizes that the reorganization of Takeda's technology structure reflects a shift in perspective: "We truly believe our function is a business function." The previous designation of 'IT' was eliminated to symbolize this integration, highlighting the significance of technology as a core part of business operations.
"In the past, 80% of our technology support came from external contractors," Ricci admits. He spearheaded the hiring of thousands of internal engineers, data scientists, and architects and established 'digital factories' across several countries. This change aimed to enhance self-reliance and foster internal innovation.
Describing the new operational model, Ricci explains, "we have a scientific pipeline and a digital pipeline managed together in symbiosis." This indicates a comprehensive approach that integrates digital and scientific endeavors, streamlining processes in line with modern demands.
Ricci warns that the competitive landscape is becoming increasingly challenging for pharmaceutical firms, noting, "If you are not investing now in digital...we risk our existence." This highlights a growing urgency for companies like Takeda to embrace technological transformation.
Read at Fortune
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