This document discusses the challenges and opportunities of real-world evidence (RWE) in the pharmaceutical industry. It notes that while RWE from real-world data can help improve drug development, operations, and decision-making, there are also challenges to overcome. These include issues with data accessibility, analysis capacity, and balancing limited resources. However, RWE also presents opportunities to increase value, understand effectiveness beyond clinical trials, and gain business insights. Overall, RWE brings significant opportunities if pharmaceutical companies can address solvable challenges through leadership, governance, and transformation.