“It is health that is real wealth, and not pieces of gold and silver,” said Mahatma Gandhi.
With rapid medical advancement, life expectancy has taken a leap and it is now possible to prevent and eradicate deadly diseases that once signified the end of all hope and will to live. And a large part of the credit for such rapid medical advancement goes to the pharmaceutical industry.
From major breakthroughs in internal medications and drugs to producing vaccines to eradicate deadly diseases like polio, the pharma industry has been working around the clock to ensure the general well-being. However, like any other industry, the tasks performed by professionals working in this industry are continuous in nature. As a result, they require constant analysis and research. And in such a scenario, repetitive tasks can bog down the pharma industry. And here’s where process bots can step in and take over.
In one of our earlier blogs, we had discussed the role of AI in the pharma industry. Today, let’s check out some of the ways in which RPA can bring about a world of positive change in the pharma industry:
1. TOO MANY CASES? RPA TO THE RESCUE!
According to a study by Ernst and Young, one large pharma company annually processes around 7,00,000 adverse-event cases. Consequently, documenting these case studies can be an extremely tedious and time-consuming process. A sizable amount of resources belonging to the Pharmacovigilance (PV) department are spent on maintaining different types of data. Process bots can structure your case-studies in relevant databases so that you can procure the necessary case-studies efficiently.
2. HAVE YOU TRIED OUT THE ‘TRIAL MASTER’ YET?
While clinical trials can be extremely informative, recording clinical trial information is still largely manual in most pharma companies. If pharma professionals are to spend long hours recording and documenting clinical information, would they have enough time left for much else?
And for this reason, the ‘trial master’ software serves as an electronic knowledge repository for clinical trials. It documents your clinical data systematically and takes off a major burden from the shoulders of the pharma industry.
3. REGULATORY SUBMISSION? SUBMIT THIS WORK TO YOUR BOT!
The regulatory submission process, which consists of activities such as compiling clinical information into a dossier and tracking document status, tends to take up time and effort. RPA can significantly increase employee productivity by taking over the submission processes.
4. RPA CAN HELP WITH A SMOOTH SAIL OF SALES!
Sales acts as the sturdy bridge that facilitates the entire transaction process between the buyer and seller. So, it follows that the sales department of any company cannot afford to be bogged down by repetitive tasks like data entry and documentation. RPA can be used in pharma sales to perform tasks such as setting up meetings and reminders, maintaining and retrieving sales data, and providing clinical information.
The pharmaceutical industry plays a vital role in healthcare and well-being, and implementing RPA in this domain can bring about a number of positive changes by relieving its professionals of repetitive, monotonous tasks, and paving way to more stimulating and path-breaking activities.
Source: Ernst & Young