Healthcare

<p style="text-align: justify;">Pharma&rsquo;s business model has altered almost beyond recognition.</p><p style="text-align: justify;">In the 1980s and 1990s, it made medicines for chronic diseases, marketed them to doctors, and focused on turning them into blockbusters. These days, it is concentrating on specialist medicines, which it markets to healthcare payers &ndash; who use different and more rigorous medication.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://kradminasset.s3.ap-south-1.amazonaws.com/ExpertViews/Shaktipic1.jpg" width="495" height="329" /></p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 14pt;">Impact on Lifesciences and Pharma Industries</span></h2><p style="text-align: justify;">The key factors which have an impact on the life science or pharma industry are:&nbsp;</p><ul style="text-align: justify;"><li>Economic volatility</li><li>Focus on key mature markets and growth markets</li><li>7.6%-9.4% of the global population aged 65+</li><li>Obesity epidemic</li><li>Social media</li><li>Specialist-medicine business model</li><li>Treatments for rare/acute diseases</li><li>Products marketed to healthcare payers</li><li>Value-based purchasing (using outcomes)</li></ul><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">Technology in lifesciences and the pharma industry has been around automation and controls. The whole world has been discussing vaccination research, production, storage, and all the complex factors that go into creating and distributing life-saving pharmaceutical products.</p><p style="text-align: justify;">Pharma has long been among the most regulated industries in the world, controlled by a series of federal and international regulations. In what is already a complex industry, these layers of regulatory requirements and associated reporting add a significant set of crucial tasks to manage. That is why every building in the pharmaceutical industry needs to be always in peak operating condition.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 14pt;">Analytics-driven BMS</span></h2><p style="text-align: justify;">In the era of automation, this requires the deployment of an analytics-driven building management system for the pharmaceutical industry. A data analytics capability integrated with a building&rsquo;s management system is rapidly becoming a must-have.&nbsp;</p><p style="text-align: justify;">Identifying the right system and the right partner to install and operate it is critical to achieving the potential gains made available by modern, advanced building management technology.&nbsp;</p><p style="text-align: justify;">No matter where you are in the pharmaceutical supply chain, you need an analytics-ready BMS to ensure the highest level of infrastructure efficiency and regulatory compliance for a challenging and fast-paced environment.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><strong>Challenges in Pharmaceutical Industry</strong></p><p style="text-align: justify;">The CGMP (Current Good Manufacturing Practices) covers all phases of the pharmaceutical process, controlling for safety and quality. The need is to control temperature, humidity, air pressure, and other atmospheric conditions carefully and precisely.&nbsp;</p><p style="text-align: justify;">These include standard issues, like cross-contamination and general safety, but many pertain directly to the functioning of the building itself. Even the slightest fluctuations or errors can be enormously costly.</p><p style="text-align: justify;">From a business and a regulatory perspective, the building must be reliably networked, and all systems must be integrated into an easy-to-operate management front end. Otherwise, there is simply too much data in too many isolated systems for any human or team to operate reasonably. But to deliver high-performing building systems 100% of the time, many variables must be accounted for and managed.&nbsp;</p><p style="text-align: justify;">Lifesciences and pharma are industries where downtime is unacceptable. The pressure from shareholders, the medical industry, and competition is immense.&nbsp;</p><p style="text-align: justify;">If systems overheat, air pressure is not tightly controlled, and equipment fails, there needs to be a shutdown. If regulations aren&rsquo;t met, the shutdown can come from the outside.&nbsp;</p><p style="text-align: justify;">While that is bad for businesses, the real issue comes from consumers. They are depending on life-changing or even life-saving medicine. Delays in shipments, problems with supply, and lack of access can be more than irritating&mdash;they can be catastrophic. Helping improve lives is the mission of every pharmaceutical company, and downtime compromises that mission.&nbsp;</p><p style="text-align: justify;">Lifesciences and pharma facilities use enormous amounts of energy. Disconnected controls for multiple separate systems can be incredibly inefficient, raising costs across the board.&nbsp;</p><p style="text-align: justify;">And an automaton on its own cannot handle everything. Adding advanced analytics to building management systems for the pharmaceutical industry is invaluable for addressing these unique challenges.&nbsp;</p><p style="text-align: justify;">When temperature, air pressure, air quality, and other requirements aren&rsquo;t perfectly met, batches of the valuable product may have to be thrown away or research started over. That can be a costly and frustrating waste, hampering you in the market.&nbsp;</p><p style="text-align: justify;">Even worse is a recall: it is costly, attracts audits, and hurts your reputation. Recalled batches also mean medicine not getting into the hands of the public. This can-do material harm to the people you are working to help. Making sure that your products are tightly controlled for quality saves lives.&nbsp;</p><p style="text-align: justify;">If pharmaceutical products are compromised, or a shutdown comes from the outside, there can be significant penalties, including fines.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><strong>Wireless BMS</strong></p><p style="text-align: justify;">A state-of-the-art platform that integrates with all open protocols to ensure network-connected systems can securely share data to give operators a single place to manage, monitor, and maintain all building and IOT equipment. A platform that offers the flexibility of being wireless and form factor such that brings surface area requirements for the install to 1/4th from traditional &ndash; Compact and simple with very less time for commissioning.&nbsp;</p><p style="text-align: justify;">It uses machine learning algorithms to continually learn how buildings function and help identify potential improvements and opportunities for automation. An analytics platform is how a building manager truly manages their diverse systems.&nbsp;</p><p style="text-align: justify;">All of this has enormous upside for any building. At its most basic, it can lead to greater efficiency. As historical data is built up and combined from sources across various areas, additional insights can be gained and leveraged for increased efficiency through automation. This can lower costs, increase production, and extend the operating lifetime of all the equipment.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://kradminasset.s3.ap-south-1.amazonaws.com/ExpertViews/Shaktipic4.png" width="716" height="603" /></p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">Today&rsquo;s businesses are grappling with disrupted supply chains, resource shortages, rising inflation, and the looming threat of another recession.&nbsp;</p><p style="text-align: justify;">But they cannot afford to let these concerns distract them from the challenges of implementing sustainable, transparent, and resilient business models and creating a better world for future generations.&nbsp;</p><p style="text-align: justify;">Sustainability should not be seen as an &lsquo;either/or&rsquo; option. Instead, it should be in front of the corporate mind and the lens through which business strategies, plans, and behaviors are viewed.&nbsp;</p><p style="text-align: justify;">At this critical intersection, creating longer-term, sustainable growth and value have never been more important.&nbsp;<br />We have the tools. We have knowledge and awareness. We have responsibility. Let us commit.&nbsp;</p><p style="text-align: justify;">Know Your Building is a tool that helps in managing assets.&nbsp;</p><p style="text-align: justify;">Know Your Building is a solution offering a full stack of IoT hardware and an AI-powered platform, which is a flexible, modular, wireless, secure, access-from-anywhere solution with real-time insights into the facilities and manufacturing infrastructure.&nbsp;</p><p style="text-align: justify;">Keeping sustainability and efficiency at the forefront and creating value for customers by creating net zero energy and net positive energy buildings.&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;"><span style="font-size: 10pt;"><em>This article was contributed by our expert <a href="https://www.linkedin.com/in/shaktileekha/" target="_blank" rel="noopener">Shakti Kumar Leekha</a></em></span></p><p style="text-align: justify;">&nbsp;</p><h3 style="text-align: justify;"><span style="font-size: 18pt;">Frequently Asked Questions Answered by Shakti Kumar Leekha</span></h3><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">1. What are the components of the Pharma 4.0 revolution?&nbsp;</span></h2><p style="text-align: justify;">The updating/upgrading of the pharmaceutical manufacturing processes to accommodate the adoption of digital technologies and enablers into pharmaceutical quality systems is identified as Pharma 4.0.&nbsp;</p><p style="text-align: justify;">The distinguishing features that are inherent to pharma 4.0 are listed below:</p><ul style="text-align: justify;"><li><strong>Real-time Data</strong> &ndash; With the power of cyber-physical systems, pharma 4.0 primarily involves connecting, collecting, and analyzing all operations and procedures in pharmaceutical manufacturing</li><li><strong>Predictive Analytics to improve Optimized Production</strong> &ndash; Pharma 4.0 is equipped with digital information and cognitive technology systems that help to predict the optimal production schedules for any specific drug based on market demand, inventory stocks, and factory capacity</li><li><strong>Improved Quality Assurance and Regulatory Compliances</strong> &ndash; Regulatory authorities have increased scrutiny of pharmaceutical manufacturing for quality assurance&nbsp;</li><li><strong>Reduced Risk</strong> &ndash; With optimized production, access to predictive analytics, and real-time data, risks associated to pharmaceutical manufacturing are significantly reduced. Risks of process/machine deterioration in each unit operations to overall product quality control, mapped events that are digitally recorded provide ample insights for manufacturers to take action and save resources before process failure and unplanned production downtimes</li><li><strong>Enhanced Business</strong> &ndash; The power of cyber-physical systems, connecting the entire factory floor, enables real-time data capturing. This real-time data is contextualized and made accessible as meaningful insights on various pharmaceutical manufacturing operations. These insights provide a strong foundation to strategize and enhance businesses aligning with the ongoing manufacturing capacity and market demand</li></ul><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">2. What are the basic tasks of BMS?</span>&nbsp;</h2><ul style="text-align: justify;"><li>Asset Management</li><li>Access control integration</li><li>Energy monitoring and management</li><li>Air conditioning interface control&nbsp;</li></ul><p style="text-align: justify;">&nbsp;</p><h2 style="text-align: justify;"><span style="font-size: 12pt;">3. What are the types of BMS? </span></h2><p style="text-align: justify;">The different types of BMS are classified based on application &ndash; simply put, the first one is just Automation &ndash; Building Automation System, and in second is automation along with linking of various services &ndash; Integrated &ndash; Smart solutions. The third one is done with a logic of energy savings and is known as Energy Management System.</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p><p style="text-align: justify;">&nbsp;</p>