Industry 4.0. This term is becoming more common when used to describe a company’s vision for how they look to optimize operations, increase the quality of their product and services, deliver a superior quality experience, and enable more cost efficient outcomes. We see this this term used in various industries ranging from manufacturing, to telecommunications, to agriculture. The world around us is becoming more connected and more productive than ever before due to new technologies being integrated into these industries that effect our personal and professional lives.
However, there are some industries that have taken a back seat with regards to the quick adoption and implementation of newer technologies. One such industry that we all have, or will eventually rely on at some point in our lives is, the pharmaceutical and biotech industry. In the 1980’s, the average time to research, develop, and approve a therapeutic was 13-15 years and … Read more