The Future of Pharma: Part 1 Top 3 trends
Published by: Integrity 04 Dec, 2023 3 minute read
The Future of Pharma: Part 1

The Future of Pharma operations - It is predicted that by 2025, the global digital transformation market will reach US $2.8 trillion. To maintain profitability and resilient operations, pharma companies will need to ensure their IT roadmaps and strategies evolve to navigate new industry challenges and opportunities.

Top 3 Trends to watch out for:

1. Artificial Intelligence and Machine Learning:
The global health care AI market is expected to be valued at $31.3 billion by 2025.
Artificial Intelligence can process substantial amounts of data and information much faster and more accurately than traditional methods. As a result, pharmaceutical companies can
improve the productivity and quality of drug manufacturing.

2. Cloud Technology and Transformation
The first use of “cloud computing” in the modern context occurred in 2006 and since then,
has been a steadily increasing adoption trend for businesses across industries.
In the pharmaceutical sector, cloud technology allows for faster-time-to-market, greater
flexibility and performance, whilst decreasing overall costs.

3. Advanced Analytics
Advanced analytics is one of the leading pharmaceutical industry trends that can transform the approach to drug manufacturing.
AI, ML, big data, and cloud technologies are implemented to substantially improve processing and analysis of significant data sets that can support the industry in making better informed and more accurate conclusions about the effectiveness of drugs and potential side effects.

New technologies continue to emerge and develop at a rapid pace, providing countless opportunities for companies within the pharma sector to implement new solutions to achieve business goals and objectives.