How does technology help pharmaceutical industry?

Technology can help drive faster time to market, improve quality consistency, reliability and capacity in the manufacturing process, ultimately helping guarantee an effective and efficient drug supply chain. That will clearly be the direction of travel for the pharmaceuticals industry in the years to come.

How can pharmaceutical companies use big data?

Big data can help in designing flowcharts to match and recruit more patients in clinical trials, which will, in turn, increase the success rate of the drug. A different predictive model can help in analyzing the competitors of the new product based on several clinical and commercial scenarios.

Which technology is used in pharmaceutical industry?

Much like 3D printing, the use of artificial intelligence (AI) is becoming more widely employed by many industries, including the pharmaceutical industry. AI does not mean robots becoming smarter than humans and things going awry from there.

Where is information and technology used in the pharmaceutical industry?

AI is already being used in the healthcare industry for conducting repetitive tasks such as data entry, lab test analyses, data management, analysis of healthcare systems to identify errors or inefficiencies, medical consultations by AI-based apps, medication management that monitored by an AI-based system, etc.

How data analytics is used in pharmaceutical industry?

Big data analytics in pharma can help pharmaceutical businesses to reduce the cost and speed up clinical trials by identifying and analyzing various data points: such as the participants’ demographic and historical data, remote patient monitoring data, and by examining past clinical trial events data.

What is big data analytics in pharmaceutical industry?

Big Data is enabling joint analyses of clinical and pre-clinical data from disparate sources and also lends transparency to translational research to achieve personalized Medicine.

What is Digital pharma?

Pharmaceutical digital marketing is the use of strategies and technologies to promote products to the right audiences across digital channels. It’s an opportunity for pharma brands to leverage cost-effective digital marketing strategies to connect with consumers and healthcare providers.

What is pharmacy analytics?

Within pharmacy, data analytics can be used to synthesize the data and thus drive decision-making. Actions taken based on these data can in turn help to increase operational efficiency and create a safer pharmacy practice to ensure better patient care.

How can the pharmaceutical industry develop core competencies using big data analysis?

By analyzing the information from social media, demographics, electronic medical records, and other sources of data, pharma companies can spot and tap into underserved and new markets. Moreover, they can also analyze the effectiveness of sales efforts and make key decisions in their marketing and sales strategies.