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Pharma Tech Outlook | Friday, February 14, 2020
Doubtlessly, Artificial Intelligence (AI) is a game-changing technology for all the industries. However, it is affecting pharmaceuticals as well.
FREMONT, CA: In the past few years, AI has benefitted the pharma industry and is still leveraging its advantages to it. The technology is redefining the way scientists develop new drugs and find a new diagnosis and make sense of clinical data. It has also assisted clinicians in understanding how drug adherence is handled.
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AI clearly holds a promise of streamlining the pharma supply chain and providing the next generation of medicines. However, with the emerging new technologies, outdated IT infrastructure and skillsets can limit its uptake on the ground.
In the upcoming years, it will become necessary to ring-fence money and resources for upgrading legacy IT infrastructure, digital skills training, and the specialist data scientists’ onboarding to ensure any AI solutions are being leveraged to the maximum.
Hence, it is crucial to have a long-term perspective with flexibility since re-designing and implementing changes can be a time-consuming and lengthy process.
For a long time, the majority of the companies in the pharmaceutical industry have depended on supply chain networks, which are neither affordable nor flexible. An overhaul of pharma supply chains in overdue for a long time, and if left in the current state, it can slow down the delivery of innovative products and increasingly poor health outcomes.
It has become vital for the pharma companies to ponder upon what digital functions they will require to compete in two, five, or even ten years of time. However, the big pharma can stay ahead, or on top of the curve, by collaborating with biotech and AI-based start-ups closely.
These kinds of cost-saving and proficiency gains will help the industry in fulfilling its social responsibilities at the same time, involving the need to both pioneers more sustainable manufacturing processes and generate more secure and effective medicines, which the whole world can afford.
See Also: Top Supply Chain Solution Companies
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