Chemical & Pharmaceutical Industry
As two of the fastest growing industries globally, digitization is permeating every sector, from pharmaceutical logistics to completely new ways of manufacturing products through 3D printing, etc.
Chemical & Pharmaceutical Industry
The chemical-pharmaceutical industry is the third largest industrial sector in Germany after automotive and mechanical engineering, measured in terms of production and employment, but also in terms of spending on research & development. In Switzerland, both industries combined are the most important sector of the Swiss export economy. The chemical industry alone exported products worth around 21.91 billion euros in 2021.
The industry is strongly characterized by medium-sized companies. In Germany, 92% of companies have fewer than 500 employees. This makes the questions about Industry 4.0 all the more pressing here. Automation and standardization of processes are key issues in the pharmaceutical industry. The networking of physical and virtual objects, robotics and artificial intelligence central topics of the chemical industry. Here, SMEs must adapt quickly in order to survive in the market in the future.
mprofi knows the pitfalls and challenges that these upheavals bring and develops the appropriate strategies for you. Contact us.
Application areas of digitization in the chemical and pharmaceutical industry
The chemical and pharmaceutical industry is one of the most important and innovative industries in the world. Here, products are developed, manufactured and distributed that play a crucial role in people's health and well-being. In light of increasing globalization, rising competitive pressures and changing customer needs, digitalization has become of great importance in this industry.
In the following, we would like to give you an overview of the opportunities and application areas of digitization in the chemical and pharmaceutical industry:
1. Development and manufacture of products
In the development and manufacture of products, for example, digital simulation and modeling methods are used that make it possible to predict and optimize the properties and behavior of chemical and pharmaceutical substances. This enables companies to develop and bring their products to market faster and more cost-effectively.
2. Production & Supply Chain Management
In production and supply chain management, for example, digital technologies can be used to automate processes, monitor and control production systems, or perform real-time data analysis. By using such technologies, companies can make their production more efficient, reduce costs and improve the quality of their products.
5. Research &Development
Digitization can also bring benefits in the area of research and development. By using computer simulations and models, researchers can identify and optimize new active ingredients more quickly and cost-effectively. In addition, data from clinical trials and other sources can be used to gain better insights into the effectiveness of drugs and improve patient safety.
7. Real time data
Collect and evaluate data in real time. By integrating sensors into machines and plants, data can be collected on operating conditions, temperatures, pressures, material flows and much more. This data can then be used to improve production processes, predict maintenance needs and prevent downtime.
In addition to the aforementioned areas of application, there are also many other opportunities for digitization in the chemical and pharmaceutical industry. For example, digital solutions can be used to monitor plants and machinery in order to minimize maintenance work and downtime. The use of Big Data and AI technologies to analyze data and predict trends and developments is also becoming increasingly important.
Overall, digitization in the chemical & pharmaceutical industry offers numerous advantages. It can help to optimize production processes, improve the quality of products, reduce costs and increase patient safety. B2B companies in this sector should take advantage of the opportunities offered by digitization in order to remain competitive and future-proof.