Introduction
AI in Pharmaceutical Industry – Emerging India Educational Services Pvt Ltd.
AI plays a beneficial role in each and every aspect of the Pharmaceutical Industry from manufacturing to marketing AI has been a boon for the AI in pharmaceutical industry. Leveraging the systems pharma companies can make their business is more cost efficient and productive. Moreover, the research and development wing of the Pharma companies is also bound to benefit from the development in artificial intelligence. Without further ADO let us understand the scope and uses of AI in pharmaceutical industries.
Scope of AI in Pharmaceutical Industry
Owing to the recent developments of artificial intelligence both AI and the development of pharmaceutical industries have gone hand in hand. The Pharma companies adapting AI have experienced monumentally positive changes in the growth graph. There is indeed a huge potential for growth of the Pharma companies if they adopt Artificial Intelligence.
Here’s how AI makes everything better:
- Research and development
The R&D department of Pharmaceutical Companies can benefit from the technological end provided by AI. Without going into the nitty-gritties, AI has the potential to help Pharma companies to study the complex patterns, create datasets and predict results effectively.
- Manufacturing
Use of AI in the manufacturing process can help Pharma companies streamline the entire process from Quality control to waste reduction. AI can also help with Design optimization, Process automation and even Predictive maintenance of various aspects of manufacturing.
- Marketing
It is not news that the AI in pharmaceutical industry is a sales driven industry. We will not go as far as to assume that AI will replace the need for hiring sales representatives but it is surely bound to decrease time and create a streamlined process for making sales. AI can surely help the Pharmaceutical Companies to create a blueprint of the market strategies which will help raise more brand awareness and enhance customer numbers.
Uses of AI in Pharmaceutical Industry
Artificial intelligence has a plethora of uses in pharmaceutical industries the most important ones are:
- Reducing the cost of medicine
Using artificial intelligence, the Pharma Companies can bring down the cost of manufacturing which can in turn help in reducing the cost of medicines.
- Remote monitoring
With help of artificial intelligence, the Pharma Companies have developed AI powered apps and wearables.
The most used are fitness watches or bands that allow a patient to monitor his oxygen saturation, heart rate or blood pressure without the need to visit hospitals.
- Finding Biosimilars
Generic drug companies use AI in pharmaceutical to find the alternatives drug of the branded drugs.
These companies have a large pool of dataset containing the data of existing chemical data and the drugs, these data can be run on a Machine Learning model to get the alternative generic drug.
Conclusion
Artificial intelligence has played a far-reaching role in the Pharmaceutical Industry.
It has indeed changed the life of many for the better but there is still a vast unexplored arena where AI can further prove to be a boon for the Pharmaceutical Industry.
