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Showing posts from October, 2023

Pharma 4.0: Transforming the Pharmaceutical Industry through Digitalization

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  The pharmaceuticals market encompasses businesses that develop and sell drugs and associated services. According to research presented on Global News Wire, the market is projected to reach $1700.97 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 8%. As the world rapidly shifted towards digitalization in response to the pandemic, the pharmaceutical industry was not exempt from this trend. Since the onset of the pandemic, there has been a global surge of 27.8% in traffic to health medicine websites. Embracing digital transformation has become imperative for adapting to consumer trends and future-proofing organizations from disruptions. Challenges of Digital Transformation in the Pharmaceutical Industry The pharmaceutical industry faces significant challenges in managing digital transformation, the strategic approach of leveraging technology to shift from analog to digital operations. According to a recent report by Deloitte with MIT Sloan Management Review, only...

Predictive Maintenance in Cement Industry

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  Recently, the cement industry has been making more cement than people are buying. This means that it’s important for cement plants to keep running without needing a lot of expensive repairs. Some older cement plants had problems with important parts like motors and equipment breaking down, which caused them to be out of operation for more than 30% of the time. The machines that grind and finish the cement were only working for about 80% and 70% of the time. At the same time, maintenance work was taking up a lot of time and causing problems for cement manufacturers. They were losing production capacity, compromising quality, and spending more money on reliability. Predictive maintenance is a set of methods and tools that manufacturers now use to break free from this expensive cycle. How does predictive maintenance work in cement manufacturing? Predictive maintenance helps cement producers keep their machinery running smoothly and minimize costs. It uses devices, sensors, and advan...