PwC’s report “From Vision to Decision Pharma 2020” indicates that there’s a downward trend in productivity. As the NPD process remains the same, innovation has declined and regulations becoming more difficult, with changing market conditions and rising costs on a global level. As a result of this, we see pharma companies looking for ways to bridge the gap between the rising R&D costs and profits, while having to deal with increasing regulatory control and testing.
To achieve the goal of being competitive and financially successful, the pharma industry will have to take these challenges head on. One way Pharmaceutical companies can do this is by utilizing digital technologies. Digital technologies have the potential to transform the way Pharma is doing business by bringing in a new era of innovation and automation in industry processes.
Which technologies are leading the innovation challenge? Cloud technologies, such as virtual desktops (DaaS) along with Robotic Process Automation (RPA) are among the top trending technologies that can revolutionize the pharma industry.
Cloud for Pharma
To address these key challenges, pharma companies need to revamp their discovery and development processes, and Cloud for pharma is a faster way to for them to innovate. There are three main ways a cloud-based infrastructure can help the pharma industry:
Cost Savings:
Hosted Workspaces can modernize the infrastructure and keep you updated on the latest technology. You can say good bye to those essential and frequent upgrades, both software and hardware related. With hosted workspaces, the pharma industry can access newer applications and also their legacy software, which helps in reducing end user confusion and simplifies IT. Additionally, the industry can lower OpEx and extend the life of existing hardware.
Security:
Cloud technology has the capability to work with strict compliance and security regulations set forth by the federal government. As your data is backed up and stored securely in the cloud, it simplifies the processes, saves costs and lets you tap into other unexplored resources. Cloud has multiple layers of physical and virtual security that are guarding your data, making sure your data is secure in the event of a disaster.
Efficiency:
Cloud has the potential to streamline the complex drug creation process and support by facilitating more effective communication and efficiency across different departments. Information sharing is made easy, as clinical trial site managers can access information from different geographic locations.
Robotic Process Automation (RPA) for Pharma
Another trending technology, which can prove to be game changer for the Pharmaceutical industry, is Robotic Process Automation (RPA). This technology can help pharma perform high volumes of repeatable and other important tasks by putting Virtual Robots to work.
As someone in the Pharma industry, we know that you must be working tirelessly to make sure people live a longer and healthier life. But the innovation process is getting complicated by the daunting regulations and reporting challenges. The virtual robot takes care of repetitive tasks, reporting, capturing errors, performance measurements and governance risk and compliance, pharma companies can divert their attention on getting safe and cost effective drugs to market. Let the Virtual Robot help and enable to you to solely focus on getting safe and cost effective drugs to market.
At dinCloud, we help Pharma organizations leverage the latest Tech trends to stay competitive and efficient. Stay tuned for more insights on these key technologies shaping the digital transformation in the pharma industry.
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