Growing up in the age of Pharma 4.0

Growing up in the age of Pharma 4.0

Analogies for data abound. Data has been equated to oil, gold, soil, sunshine and the ‘raw material’ of business.  The promise of new knowledge from Big Data is real, even if there may be some misconstrued perceptions of how easy it is to arrive at that point.

In the pharma/biopharma manufacturing sector, often we not only want to discover patterns in our Big Data sets for predictive purposes, but we also want to arrive at understanding, identifying meaningful relationships that can be used to improve processes and systems, creating value for both business and patients. Big Data analytics is, however, one piece of a larger puzzle.

Organisational processes, resources, data infrastructure and culture must all be addressed as a whole, to readily and continually, deliver new insight and knowledge on the road to digital transformation and Pharma 4.0.

Maturity indexing or benchmarking provides companies with guidance for digital transformation and the agility needed to thrive in the age of Pharma 4.0TM. The PMTC is building on the work of its Guide to Data Analytics for Pharmaceutical Manufacturing (insert weblink) by establishing a new Community of Practice with the aim of further supporting the implementation of advanced data analytics methodologies in the pharma/biopharma manufacturing sector. To this end, we are seeking ways to offer resources that support the digital transition for PMTC members.

To hear more about data driven decision making in Industry / Pharma 4.0, please see our spotlight article this month from Eastway Tech - Monthly Spotlight on Eastway Technology | PMTC

The PMTC supports our members to deliver on their new and existing initiatives in data and advanced analytics. If you’re interested in hearing more about data analytics at PMTC, please reach out to us at pmtc@ul.ie