It is understandable why a pharma company may be hesitant when it comes to technological transformations. It is difficult to surrender information and control to the digital faculties when human lives are involved. In fact, one of the primary concerns of every giant pharmaceutical company is that they would not want to risk patient and user data being compromised.
Research and Development is a core function in the field of medicine. Heaps of very sensitive data that is collected via clinical trials and patient feedback helps with this process. When one shifts from their in-house IT infra to a could based service provider, concerns around security are hard to look past.
However, it is not all too bad, if one is well informed and does their research, they would find that SaaS has a way to strengthen not just your security, but also your complete business operations.
Of course, you can wait and watch early adopters, pick up best practices to avoid unseen risks and fails, while applying the successful initiatives, but you would be doing that at the expense of your market share and competitive edge.
Self-maintaining Softwares give a powerful performance while keeping your organization asset-light. Once you transfer the responsibility of IT performance to a third party, you can focus on your businesses’ core activities and drive overall performance.
SaaS initiatives can help revolutionize the industry by providing modern solutions to traditional challenges.
To begin with, the smooth communication flow throughout the supply chain plays a major role in reducing time-delivery related issues. Not only is it easier to connect with suppliers and manage stock levels in real-time, but one can also measure the pull of products in the market and align their manufacturing processes with the market demand.
On the pharmacy shop’s end, stockists can connect with multiple wholesalers and arrange critical drugs on demand. This small step has a very huge impact where the right medication at the right time can transform lives.
Apart from this, a regulated platform that lists these wholesalers eradicates the issue of counterfeit drugs.
With a communication channel that is built till the end-user – (i.e.) the patient, organizations can collect data to prevent and detect medical conditions on time.
Medication reminders to customers, direct feedback from them, and regular checks help provide better care experiences, making sure that the developments are patient-oriented and in the right direction.
On the manufacturing end, the organized usage of data helps with clinical trials and drug development. The collection of the right data points and is also very important. No amount of modern tools and IT innovation can reap any results if the working data is of poor quality.
It is safe to say that automation and digitization in the pharma sector have solved issues that have been building over centuries, and it is only bound to get better. A global pandemic would have been impossible to beat without the employment of digital measures, and this is just the beginning of a new world. [/ohio_text]