Pharma Sector Explores How To Embrace The Fourth Industrial Revolution

While many in the pharmaceutical sector pay lip service to the digital industrial revolution called 4.0, few have embraced it.  But that could be about to change.

Robot hand, ordering on a laptop keyboard, an exchange trade. Robot trading system is a computer trading program that automatically submits trades to an exchange without any human interventions.

At a series of recent industry meetings, industry representatives explored how what's called industry 4.0, a fourth industrial revolution involving new digital technologies, can be leveraged for the pharmaceutical industry. One industry group aims to help promote the development of an “Industry 4.0” framework for the pharmaceutical industry.

While pharmaceutical industry executives say that investing in digital technology is a priority, few companies are actually doing so, and...

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