A Study on the Dynamics of Technology and the Future of Pharmaceutical Industry

Abstract

Purpose: Information technology has influenced every part of life, including work. Technology's incorporation into our daily lives has made living far simpler and more convenient. As a result, the assumptions were to assess the influence of new technology on the pharmaceutical sector, both favourable and negative. The goal of the research is to determine the importance and effect of the technology that are designed in the pharmaceutical sector. The pharmaceutical industry started to implement the IT techniques that can help patient care and also in storage the data of the patient. This paper concentrate on the various implemented technology in the pharmacy field also the current using techniques, and determining the future trends in the pharmacy fields. And finally discussing about the impact in the pharmacy industry. Objectives: To study the role of Information Technology used in Pharmacy industry, and view on various techniques used in pharmaceutical sector. Methodology/Design/Approach: The analysis and the application used in the pharmacy sector are done by referring various research paper, articles. A Literature Survey is done. Findings/Result: Pharmacy started to use the latest technology that can help patientcare. The use new technology and the impact of it are discussed. Originality/value: Based on the secondary data available, the paper focus on the new technologies and impact of pharmacy sector. Type of the Paper: Review paper.