Glossary
Internet of Things (IoT)
What is Internet of Things?
The internet of things (IoT), is a network of interrelated devices that connect and exchange data with other IoT devices and the cloud. IoT devices are typically embedded with technology such as sensors and software and can include mechanical and digital machines and consumer objects. IoT devices can range from everyday household items like smart thermostats and appliances to complex industrial machinery. This connectivity allows for real-time data transfer and communication between devices, facilitating automation and improved efficiency across various applications, including smart homes, healthcare, and industrial processes.
What are the benefits of IoT in pharma?
The Internet of Things (IoT) offers several key benefits to the pharmaceutical industry, enhancing various aspects of operations from production to patient care. Here are the primary advantages:
- Improved Drug Discovery: IoT facilitates faster and more efficient drug discovery processes by enabling real-time data collection and analysis during clinical trials, which can enhance decision-making and reduce development times.
- Enhancing Patient Connectivity and Adherence: The second most important aspect of pharma IoT is its inherent impact on patient adherence and overall health. In this digital age, everything is technically enhanced, even prescription or OTC medications.
- Regulatory Compliance: The integration of IoT can streamline compliance with regulatory requirements by automating data collection and reporting processes, ensuring that pharmaceutical companies adhere to industry standards efficiently.
