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IoT: Driving Pharmaceutical Industry OperationsBy CIOAdvisor Apac | Friday, November 15, 2019
The real-time availability of data provides pharmaceutical companies with quality maintenance while minimizing the chances of wastage, pilferage, or fabrication.
FREMONT, CA: Internet of things (IoT) has the inherent capability to correspond to the inter-network of physical devices embedded with actuators, sensors, and network connectivity, which facilitates in exchange of data. Due to such versatility, IoT has a great potential to revolutionize the pharmaceutical industry during drug research, discovery, and more.
A Paradigm Shift in Pharmaceutical Sector with IoT
The changing dynamics across the sectors, such as easier and faster access to healthcare services is also fostering the transformation of the pharmaceutical industry. The pharmaceutical companies must ensure a safe and secure movement of drugs, better-regulated transits, clinical outcomes, and delivery. The faster operations require assimilation of data that are both organized and relevant to the cause. The advent of IoT and sensors can aid the purpose that can be incorporated across various verticals like monitoring, manufacturing, distribution, and control in transit. The real-time availability of data can further provide pharmaceutical companies with quality maintenance while minimizing the chances of wastage, pilferage, or fabrication.
Potential of IoT Senors
Owing to the greater capabilities promised by the technology, pharmaceutical companies have increasingly deployed sensors in their production floor. The companies are assimilating massive chunks of data across various departments and using it for drug research and discovery purposes. The companies can also manage, control, and supervise the processes over the production floor, remotely as well as in real-time.
IoT Sensors for Logistics
IoT sensors can also assist pharmaceutical companies with shipping, logistics, and transport processes. With the help of low-energy sensors, the companies can track shipments and the movement of goods. Moreover, the sensors can also streamline and optimize warehouse operations. Certain medicines and vaccinations require a specific environment and conditions. Sensors can ensure the same not only in warehouses but also while transiting.
IoT for Assembling Data
As mentioned before, IoT enables companies to collect data from a wide range of functions and processes. The collected data can be utilized for promoting greater collaboration within the sector. The data can also enable the companies to gain better insights into the operations through better analytics and predictive algorithms. Furthermore, the stakeholders are not limited by geographical barriers and can access the progress report completely and gain complete visibility into the processes.