Role of IT in the Pharma Industry

Technology has helped the pharma industry immensely. Not just in mass production of medicines and health devices but also in improving healthcare. And the role it has played in the research field is unparalleled. Remote healthcare has enabled many underserved areas to access healthcare.

Over the past years, Most industries have embraced information technology (IT) in their field. Some have opted for full-fledged total automation, while others have incorporated it with their traditional methods. Although strict rules and regulations have made technology adoption somewhat difficult, the healthcare industry has still benefitted immensely from that. Starting with research on the supply chain, information technology has been everywhere. IT has reduced the complexities of managing the supply chain to some extent. It has reduced manual paperwork thus improving time efficiency.

Convenient Data Handling:

The data of patients is crucial to store and storing it securely is even more important. The shift towards online pharmacies doesn’t look like it is going downwards anytime soon. The research on current market trends and consumer spending preferences shows that this trend is only going to increase.

By simplifying data and record storage, information technology has made sure that pharmacists or doctors can focus on more important tasks. They have massively improved access to critical patient information and medical records. By getting rid of cumbersome record-keeping, their efficiency has vastly improved.

The information technology applied in health and healthcare is generally referred to as Health information technology (HIT).

Not just, doctors and pharmacists, this has benefitted all the stakeholders involved. Now Patients do not need to keep their medicine order every time they want to purchase medicines. They can access it anytime, anywhere.

Easy Data Analytics:

The ability to analyze the data with advanced analytics in real-time opens up a lot of new possibilities in businesses. The analysis of past supply chain data and customer health data allows us to better understand future scenarios and prepare for them.

Tools like AI, and ML have enabled pharmacy owners to have access to vital insights into the supply chain, production management, and other fields as well. It is estimated that by the end of 2024, 75% of enterprises will shift to operationalizing AI.

It has decreased manual work and has facilitated e-documentation, Easy medicine order storage, and secure data storage. Every application has its specific functionality like storing, maintaining, and analysis of data related to the specific functional area.

Internet-based services:

Software as a Service (SaaS) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as "on-demand software"

Platform as a service (PaaS) is a category of cloud computing services that provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app.

Both SaaS and PaaS have seen their share increase.

Many pharmacies have adopted what’s called the digital twin approach, Where they replicate their day-to-day operations on the internet as well by a digital replication of a real-world entity or system.

Regarding Digital Twins, Christian Titze, VP Analyst of Gartner says that,

“Organizations would use a digital supply chain twin for all levels of supply chain decision making, from strategic through to exceptional. Appropriate predictive and prescriptive analytics (including machine learning and AI) would be applied to the digital supply chain twin so that aligned (and to some degree, automatic) decisions could be made.”

Telecare:

By way of Telecare, healthcare consultants provide remote services to patients via digital communication technology. This has allowed patients to connect with doctors while sitting at home. While reducing traveling costs, this has allowed people in poor mobilities to access healthcare easily. Remote consultation with doctors when you do not need special care is becoming widely popular.

Conclusion:

The advancement of technology especially, IT has massively boosted healthcare. This has allowed remote access to healthcare in underserved areas. However, there are still other areas where progress needs to be made either by using technology or by other means.

What lies in the future?

Going forward the share of technologies like Artificial intelligence (AI), Machine Learning (ML), and Blockchain are likely to grow even further, while new technologies like Blockchain, Augmented Reality (AR), Virtual Reality (VR), etc. will be incorporated for better treatment.

You can sell medicine online as well as you can Sell Beauty and Cosmetic Products Online?

How EMedStore has incorporated IT?

We provide readymade solutions for pharmacies, We store our data on secure clouds. EMedStore empowers pharmacists and hospitals to utilize the internet and connect with health services, for booking appointments or online consultations. We, at EMedStore, are always working hard to keep up-to-date with the latest trend in information as well as pharmaceutical technologies.

Want to learn how it can help you to expand your business?

Have a query? Mail us at info@emedstore.in