Internet Of Things
The Internet of Things is a wide network of interrelated devices that communicate and transfer data. It is the connection of all the devices that can be switched off and on to the Internet. IoT finds a lot of applications in daily life such as transportation, agriculture, manufacturing, etc. In the consumer market, devices including connected vehicles and wearable technology use implemented IoT technology. The IoT has helped many industries to improve their efficiency and potential. IoT in Pharmaceutical marketing companies are no exception.
A lot of time and billions of dollars are spent on the development of new medicines. IoT helps in speeding up the development process, increasing production, lowering expenses and improving the administration of the medicines to the patients.
Pharmaceutical industries are those that discover, develop, produce and market drugs for use as medications for patients as well as self-administered drugs. The aim is to cure the symptoms or vaccinate the patients.
The Internet of Things assists the pharma industry in better control of drug manufacturing, maintenance of equipment and better management of supply chain. In this blog, we shall discuss the various advantages and a few disadvantages of using IoT in the Pharmaceutical industry.
Advantages of using IoT in Pharmaceutical Industry
Maintenance of Connected Equipment
Batch manufacturing and equipment is of the utmost importance in all manufacturing companies. Issues can arise from such equipment. These issues can occur due to damage, excessive voltage, unstable environment and lack of maintenance which cannot be risked. The IoT provides 24/7 real-time monitoring of all the machines.
Controlling Manufacturing Environment
During the manufacture of drugs, optimal conditions can be easily handled with the help of IoT. IoT sensors continuously update the information regarding the temperature, humidity, etc., on the dashboard. The lab supervisor can get a quick environment overview and maintain better storage conditions. In case of any issues, the system will alert the staff to take measures and ensure timely evacuation.
Finding the Winning Solution
The clinical test takes up a lot of time to demonstrate the efficiency and safety of the solutions. IoT helps in the process of finding the winning solution and reducing the development cost. It helps in tracking the patients’ health using wearable sensors and smart devices. It gains various inputs and calculates the final result to decide the efficiency of the solution.
Real-time Observation into Warehouse Operations
A shortage of medicines can have serious problems. On the other hand, overstocking can lead to wastage. Apart from that, the medicines stored are highly sensitive to storage conditions. There are many warehouses spread across the facility, so the maintenance charges are quite high. Smart warehouses with IoT can provide real-time observation into the conditions and utilization of equipment.
Monitoring Supply Chain
Various difficulties can occur during the process of shipping into clinics and pharmacies. Due to a lack of visibility, pharma companies may not be able to look into a safe and secure medicine development and distribution at all times. IoT and GPS offer visibility to all the processes in real-time, ensuring a safe supply chain and allowing immediate actions and cutting of delays.
The industries focus too much on the technology, that they forget about the patients and the development of drugs. The introduction of the new technology in the pharma industries could potentially change the patient outcome and the fortunes of the traditional companies. Many businesses have started implementing smart technology with enthusiasm but many have also failed.
The new IoT technology allows the pharmaceutical companies to achieve more control over their operations within and outside the facilities. It creates competition, optimizes the market sales, avoids delays in shipping and reduces waste while improving the efficiency in their drugs and expanding the patient circle.
Also, learn about how AI is transforming the pharmaceutical industry. https://www.itproportal.com/features/ai-is-transforming-the-pharmaceutical-industry/