Advancing Tech and Challenges in Pharmaceutical Manufacturing

It’s been a hectic few years. And the pharmaceutical industry certainly felt the impact. From COVID-19 to growing and evolving global demands, manufacturers in the field have had a lot to deal with. In turn, they are investing more and more in smart manufacturing technologies, which provide benefits including greater efficiency and visibility. As this digital transformation expands, here are some trends likely to stem from it.

The Progression of Tech Innovations

Digital solutions will continue to advance in order to support the arising challenges and shifting nature of the pharmaceutical manufacturing sector. According to a piece published by Pharmaphorum, functions are already being improved by enhancements in process analytical technology (PAT), which assists data streams, and asset performance management (APM) solutions, which are helpful for maintenance.

Another major innovation is AI. As Pharmaceutical Technology reports, the industry has been making significant strides in the adoption of this tech. One firm’s survey concluded that over half of the respondents said they are implementing AI strategies. On top of that, GlobalData estimates that AI revenues in the pharmaceutical, medical, and healthcare sectors will reach nearly $21 billion by 2025.

The Rising Importance of Cybersecurity

While tech such as AI advances and receives greater financial support, it is also going to fuel the need for better cybersecurity in pharmaceutical manufacturing. IBM Security’s annual Cost of a Data Breach Report stated that a cyberattack can cost a healthcare organization around $10.1 million on average.

There have been moves within the larger healthcare field to address this. For instance, the FDA and the Office of Digital Transformation released its Cybersecurity Modernization Action Plan. Plus, the global pharmaceutical industry reportedly experienced a 30% growth in cybersecurity job postings in the third quarter of 2022. But there is definitely room to further build out this prioritization of cybersecurity. IBM also concluded in their report that “that technology-based security solutions can help reduce the cost of data breaches,” as put by Fierce Healthcare.  

DYNICS is here to help you integrate such solutions into your pharmaceutical manufacturing operations in 2023. Please contact our team with any questions about our products, resources and more.

Sources:

 

Learn about DYNICS’ ICS360.Defender – an industrial control system security platform. 

Share

You Might Also Like...