Pharma Industry's Digital Transformation
The AspenTech Pharma Suite's report on the future of digital transformation and manufacturing in the pharmaceutical industry is based on a survey of 400 professionals in the US and Europe. The study also includes insights from industry leaders at GSK, Roche, Merck KGaA Darmstadt, Germany, and Kashiv BioSciences. Among the key topics covered in the report are the changing confidence levels of pharma manufacturers in digital transformation, the hurdles faced in leveraging technology for revenue growth while enhancing access to medicine, and the initiatives prioritized for smarter manufacturing.
Challenges in Pharma Manufacturing
Pharmaceutical companies are facing a complex landscape with disruptions in supply chains due to geopolitical tensions and the pandemic. Despite these challenges, there are increasing expectations for faster speed to market. A recent study by FT Longitude, which involved 400 experts in drug development and manufacturing, along with insights from professionals at GSK, Roche, Merck KGaA (Darmstadt Germany), and Kashiv BioSciences, sheds light on the direction drug manufacturing is expected to take in the next 3-5 years. The report emphasizes the importance of adopting digital strategies for operational agility.
AspenTech's Solutions for Pharma Manufacturing
AspenTech is a global leader in asset management software, offering solutions for enterprise asset performance management, monitoring, and optimization. Through industrial digital transformation, AspenTech enables pharmaceutical manufacturers to reduce downtime and achieve sustainability goals. Their energy transition software addresses decarbonization and sustainability challenges by supporting emissions reduction, microgrids, carbon capture, and the hydrogen economy. AspenTech's Industrial AI, plant digitalization, and digital twin technology play a crucial role in advancing manufacturing processes in the pharmaceutical industry and other asset-intensive sectors. By leveraging predictive analytics for industrial data, AspenTech aids in downtime reduction and supports the connected enterprise with IoT predictive maintenance solutions, asset performance management software, predictive maintenance software, reservoir modeling, and industrial data analytics for utilities.