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ISSN 2063-5346
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ROLE OF DIGITAL TRANSFORMATION AND TECHNOLOGY ADOPTION IN THE EFFICIENCY OF THE PHARMACEUTICAL INDUSTRY

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Dr. Sapna Sugandha1*, Rajeev Ranjan Choubey2, Rakesh Kumar Gupta3, Shree Bala Gupta4
» doi: 10.48047/ecb/2023.12.si5a.0620

Abstract

The pharmaceutical industry is experiencing a significant shift driven by digital transformation and the widespread adoption of technology. Technologies like AI and machine learning have emerged as vital tools in analysing data which leads to faster drug discovery and more targeted approaches to disease treatment. These technologies also contribute to identifying patterns, optimizing clinical trials, and tailoring treatments to individual patients. Meanwhile, the integration of IoT and robotics has revolutionized industrial operations in the pharmaceutical sector. Real-time monitoring, predictive maintenance, and streamlined processes have led to improvements in operational efficiency, product quality, waste reduction, and regulatory compliance. Additionally, blockchain technology has played a pivotal role in reshaping supply chain management by providing transparency, traceability, and optimization across the entire supply chain. This has resulted in reduced instances of stockouts, prevention of counterfeiting, enhanced traceability, and overall improvements in efficiency and patient safety.

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