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While the pharma industry has been slower to adopt digital technologies than other less-regulated sectors, many pharmaceutical companies making aggressive digital investments are finding their investments are paying dividends. Though comprehensive digital-based programs can cost roughly $50 million to $100 million annually for two to three years, according to McKinsey, they can lead to improved quality, increased efficiency and resilience, and empowered employees.
Integrating information technology (IT) with operational technology (OT) has emerged as a pivotal theme in the smart manufacturing domain. “Imagine IT and OT as circles overlaid with each other,” said Yvonne Duckworth, senior automation engineer at CRB Group. “That centerpiece of those two worlds together is one of the fundamentals for smart manufacturing.”