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===2.2 Economic considerations and justifications=== | ===2.2 Economic considerations and justifications=== | ||
The previous chapter's Table 1 compared 1980-era concessions, considerations, and justifications for maintaining an existing lab's operations vs. acquiring and deploying an on-premises LIMS. While those same aspects largely pertain to today's on-premises LIMS installation, most of the costs of hardware, installation, IT support, data storage, etc., go away with a cloud-based LIMS installation. Suddenly the economic justification for a LIMS looks rosier due to the reduced costs associated with having your LIMS securely hosted by another entity. The core cloud LIMS could be available on an annual basis for less than the cost of one person, easily justified through productivity improvements, improved data governance, and improved regulatory compliance. For example, the average annual salary for a government lab worker is | |||
$43,757 (2022 average)<ref name="FPLabWork23">{{cite web |url=https://www.federalpay.org/employees/occupations/laboratory-working |title=Occupation Index: Laboratory Working |work=FederalPay.org |date=2023 |accessdate=05 July 2023}}</ref>, which is very close to the base pay for a lab technician in Boston, Massachusetts (2023).<ref name="GDHowMuchLab23">{{cite web |url=https://www.glassdoor.com/Salaries/boston-lab-technician-salary-SRCH_IL.0,6_IM109_KO7,21.htm |title=How much does a Lab Technician make in Boston, MA? |work=Glassdoor |date=14 June 2023 |accessdate=05 July 2023}}</ref> | |||
The first year’s charges for a basic cloud-based LIMS with two concurrent users, including one-time and annual recurring charges, are less than that yearly salary value. The yearly recurring charge is less than a third of that technician's income. As you add on functions such as instrument interfacing, both the initial and recurring costs will increase, and so will the productivity gains through faster, more efficient data entry and automation. Additionally, cloud-based LIMS largely eliminates the need for on-site server hardware, software installation, and IT support. (Note: It is not our position that people should be laid off to justify the added cost of a LIMS, but some future hiring may be avoided or deferred.) Yes, training still needs to be provided, as does support for instrument connections. However, the latter can be phased in on an as-needed basis. | |||
====2.2.1 Factors that can offset costs==== | ====2.2.1 Factors that can offset costs==== | ||
Revision as of 17:43, 5 July 2023
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This is sublevel9 of my sandbox, where I play with features and test MediaWiki code. If you wish to leave a comment for me, please see my discussion page instead. |
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2. Economic and practical justifications for a LIMS
2.1 Organizational justifications: Why is it important?
2.2 Economic considerations and justifications
The previous chapter's Table 1 compared 1980-era concessions, considerations, and justifications for maintaining an existing lab's operations vs. acquiring and deploying an on-premises LIMS. While those same aspects largely pertain to today's on-premises LIMS installation, most of the costs of hardware, installation, IT support, data storage, etc., go away with a cloud-based LIMS installation. Suddenly the economic justification for a LIMS looks rosier due to the reduced costs associated with having your LIMS securely hosted by another entity. The core cloud LIMS could be available on an annual basis for less than the cost of one person, easily justified through productivity improvements, improved data governance, and improved regulatory compliance. For example, the average annual salary for a government lab worker is $43,757 (2022 average)[1], which is very close to the base pay for a lab technician in Boston, Massachusetts (2023).[2]
The first year’s charges for a basic cloud-based LIMS with two concurrent users, including one-time and annual recurring charges, are less than that yearly salary value. The yearly recurring charge is less than a third of that technician's income. As you add on functions such as instrument interfacing, both the initial and recurring costs will increase, and so will the productivity gains through faster, more efficient data entry and automation. Additionally, cloud-based LIMS largely eliminates the need for on-site server hardware, software installation, and IT support. (Note: It is not our position that people should be laid off to justify the added cost of a LIMS, but some future hiring may be avoided or deferred.) Yes, training still needs to be provided, as does support for instrument connections. However, the latter can be phased in on an as-needed basis.
2.2.1 Factors that can offset costs
2.3 Practical considerations and justifications
2.3.1 Tangible benefits
2.3.2 Intangible benefits
- ↑ "Occupation Index: Laboratory Working". FederalPay.org. 2023. https://www.federalpay.org/employees/occupations/laboratory-working. Retrieved 05 July 2023.
- ↑ "How much does a Lab Technician make in Boston, MA?". Glassdoor. 14 June 2023. https://www.glassdoor.com/Salaries/boston-lab-technician-salary-SRCH_IL.0,6_IM109_KO7,21.htm. Retrieved 05 July 2023.
