Driving Digital Transformation in the Pharma Industry
Author(s): Sandeep Ramanamuni
Publication #: 2503108
Date of Publication: 13.08.2020
Country: United States
Pages: 1-5
Published In: Volume 6 Issue 4 August-2020
DOI: https://doi.org/10.5281/zenodo.15087585
Abstract
Manufacturing and supply chain transformation through digital technology is best illustrated in the pharmaceutical industries. This paper investigates critical initiatives of digitalization in pharmaceutical companies, including integrated engineering, paperless manufacturing, and digital supply chains. These initiatives are driven by emerging technologies such as AI, IoT, blockchain, and big data analytics. The paper reveals how digital tools drive predictive maintenance and enhanced decision-making while boosting agility across manufacturing lines. Insights from the market project increase investments into Industry 4.0 technologies, signaling significant growth opportunities. Digital maturity for the pharma industry will position it to proactively respond to market demands and better optimize resources while increasingly improving patient outcomes through smarter production and supply chain strategies.
Keywords: digital transformation, pharmaceutical industry, smart manufacturing, paperless manufacturing, digital supply chain, blockchain technology, IoT
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