What Is The Role Of IT In Pharmaceutical Research And Development?
Research and development in the pharmaceutical industry is usually labor and capital intensive. For this reason, ways to reduce the cost and labor needed to carry it out are always looked for. Information Technology (IT) has evolved to a point where it plays a significant role in this process, and is essential in reducing the amount of time and money needed to carry out some aspects of research and development.
IT can be used to virtualize some of the research and development processes. An example of this is when the researcher is interested in knowing the results of interaction between two different chemicals. There are IT systems that can be used to virtualize this and provide useful information. This reduces the need to handle chemicals, and in many cases provides the results much faster than when the experiment is done physically.
Storage and organization of information is also critical in research and development. Typically, large amounts of data are produced at every stage of research and development. The use of IT systems to store and organize this information makes retrieval, sharing and collaboration much easier, which then increases the pace of the research. One can also use the system to back up the data in case of loss, which can be catastrophic if all the data is lost.
Information technology also improves the speed and quality of communication between individuals who are working on the same project, but who are not in the same location. For instance, a pharmaceutical firm that has branches all over the world can organize research by having all the involved members communicate through teleconferencing and other media.