Pharma companies have a new prescription for a healthier business
The process of getting a drug from conception into consumers hands has been a complex, time-consuming journey. Now, the introduction and implementation of AI tools by the pharmaceutical industry is revolutionizing the way drugs find their way to market. The industry’s adoption of Industry 4.0 methods, wherein companies use digital technologies to transform manufacturing and industrial processes, is accelerating time-to-market while still ensuring safety, compliance with governmental regulations, and maintaining the ethical standards expected of it.
A kind of smart pill for pill manufacturers
Pharmaceutical companies are using AI to analyze large datasets and predict drug–target(receptor) interactions reducing time and expenditures.
Predictive analytics help to more quickly design clinical trials and recruit patients for trials. Using AI, pharmaceutical companies can track patient outcomes in real time. AI-driven automation streamlines manufacturing and supply chain processes yielding inventory optimization and predictive maintenance. That translates to improved productivity and reduced costs. The result is pharmaceutical companies using artificial intelligence to generate really smart outcomes for shareholders and consumers alike.
Top 3 Takeaways
- Pharmaceutical companies are adopting AI to improve their business processes and their bottom lines.
- Using Industry 4.0 methods, pharmaceutical companies are streamlining their operations from start to finish.
- AI tools quickly analyzing large datasets and using predictive analytics help pharmaceutical companies design clinical trials and recruit patients more quickly
Keywords: #AI Today, #AI, pharmaceuticals, #Industry 4.0, #pharmaceutical manufacturing, #drug delivery systems, #precision medicine
