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Pharma Tech Outlook | Thursday, October 11, 2018
With the increasing number and complexity of medical ailments across the globe, there is a visible shift in paradigm from mass production to a more customized prescription of drugs to a smaller group of patients. This, in turn, has helped optimize the effectiveness of drugs treatments. Moreover, with the advent of digitization in pharmaceutical manufacturing, the Pharma 4.0 initiative is being leveraged to ensure the safety of drugs, in addition to addressing productivity issues. By enabling the seamless connectivity of data across the supply chain, pharmaceutical and healthcare industries will be the biggest beneficiaries of IIoT technology.
Moreover, pharmaceutical companies can augment their financial and operational performances by improving the efficiency of complex manufacturing processes. The introduction of IIoT technology would also allow the manufacturing industry in automating operations, streamlining processes, and integrating different manufacturing departments. Additionally, manufacturers would gain a complete view of their plant by providing access to any stage of product development. The introduction of the IIoT would also aid in the transformation of pharmaceutical companies from small local hubs to global marketplaces.
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Being one of the most regulated industries that requires a good understanding of manufacturing processes and adherence to strict regulatory measures, the pharmaceutical industry is liable to a number of challenges. The pharma industry demands a steady need to enhance product quality, improve process efficiencies, reduce cycle times and downtimes, track products, among others. These challenges could be effectively combated with the benefits of digitization. The implementation of IIoT technology can ensure proper documentation for pharma manufacturers during production for compliance reasons. Furthermore, by minimizing human interventions, digitization will allow the storage and processing of terabytes of data in the cloud, thus helping direct the pharma industry towards a paperless environment. The modular automation of production plants would also enable faster time-to-market for pharma products. By allowing informed decisions through the connected exchange of data, the real-time tracking of equipment can improve the efficiency of factory processes. Moreover, the IIoT offers critical components such as sensors and connectivity for effectively managing temperatures essential for the storage of manufactured products.
The IIoT has already become an integral part of several manufacturing industries and has proved to offer exceptional results. And it would undoubtedly provide significant advantages for pharmaceutical manufacturing as well. This would, however, involve vital decisions such as the phasing out of legacy systems and the transformation of existing business models.
CIO Review Client: Flagship
Check Out: The Manufacturing Outlook
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