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Digitalization in Pharma Sector
Reduction in the use of raw materials, human resources and time, as well as reduced risk for final products of low quality due to digitally automatized control steps, directly increase the profitability.
The Indian Pharma sector is ranked third largest by volume in the global market and is currently valued at $41.7 billion and it is forecast to reach $65 billion by 2024 and $120 billion by 2030. Digital technologies like Artificial Intelligence, Machine Learning, 3D Printing, and Additive Manufacturing are helping Indian Pharmaceutical companies to step up R&D process, conducting tests in less time, improving efficiencies and compliances in manufacturing, and increasing profitability.
Technology has helped in delivery of evidence-based healthcare, allowed self-monitoring of chronic conditions, increased compliance to medication and enhanced concordance between patient and pharmacists.
Today pharma is recognised as a well-entrenched sector for our country’s economy and is anticipated to grow threefold in the decade. While it is expected to be a $65 billion industry by 2024. Digital transformation across the entire value chain was vital for enhanced patient care, greater transparency, cost-effectiveness, improved production and drug development.
The growing affordability of exponential technologies such as those that enable AI is bringing cost-prohibitive tools to the mass market, reducing production costs and enabling the creation of more individualized products and services.
Given the disruptive nature of these technologies, it will prove increasingly important for pharmaceutical manufacturing chains to be operationally agile. Informatic solutions that offer the versatility and scalability to extend capabilities as business needs change will give pharmaceutical manufacturers the best competitive advantage.
According to the International Society of Pharmaceutical Engineering, #Digitalization, an important compBy VARINDIA | 132 views
IT Spending in India to Reach $100 Billion in 2022
#CRED #Happay #Acer
IT spending in India is expected to grow
IT spending in India is forecasted to total $101.8 billion in 2022, an increase of 7% from 2021, according to the latest forecast by Gartner. The digital transformation trajectory that began as a pandemic response is here to stay for the next few years. India has experienced one of the fastest recoveries despite being one of the worst hit regions in the second wave of the pandemic in early 2021. In 2022, CIOs in India will build on renewed interest in technology from the business to gain funding for new IT projects. Indian CIOs are likely to increase their spending towards projects that drive innovation and modernizing legacy systems. Hiring a workforce that can deliver on these needs will also be a key priority. Next year, Indian CIOs are prioritizing a move away from rigid and monolithic ways of doing business to a more composable business and IT architecture where they will be able to better respond to disruptions.
In 2022, all segments of IT spending in India are expected to grow, with software emerging as the highest growing segment. Spending on software is forecast to total $10.5 billion in 2022, up 14.4% from 2021. While experiencing a slower growth rate than 2021, spending on software in 2022 is forecast to be nearly double of what it was pre-pandemic. As hybrid work adoption increases in the country, there will be an uptick in spending on devices in 2022, reaching $44 billion, an increase of 7.5% from 2021. “The growth in devices is a combination of two components – hybrid work and pent-up demand from 2020 for device upgrades. Spending on devices will make up 43% of total IT spending next year.” Spending on communication services is expected to rise 2.3% to $24.5 billion in 2022 from $24 billion in 2021, while that on data centre systems is forecast to grow 3.4% to $2.8 billion in 2022 from $2.7 billion in 2021, according to Gartner reports.
Today's HeadliBy VARINDIA | 97 views
Present education system is transforming towards Hybrid learning
#PhoneSpy #Spyware #Plugin
Hybrid Learning is the future
Post pandemic, many are looking forward to the long-awaited return of the physical classrooms. However, the pandemic has disrupted the education landscape in India forever thereby accelerating the adoption of e-learning or blended learning. It is absolutely true that technology is essential & innovation is a cornerstone. The education system has seen a dynamic shift in terms of how it operates. Due to unfortunate circumstances of the pandemic, more than 35 crore students and 1.08 crore teachers across 15 lakh schools, 1,028 universities, 41,901 colleges and 10,726 standalone institutes in our country were unable to attend classes during the lockdown. Universities are now evaluating how they can leverage technology to create classrooms of the future and educational institutions are under tremendous pressure to establish excellent standards for hybrid learning – with educators teaching students in both the classroom and at home. To address this challenge, traditional teaching methods had to be revamped and educators started using technology in innovative ways to make learning a lot more interactive. The future is lying on hybrid learning, which is going to help to change the way we think of education and is removing many of the barriers that have traditionally existed.
One of the most important factors while implementing the hybrid learning approach is to ensure that the quality of the learning experience is the same as in class training. Artificial intelligence, augmented and virtual reality, machine learning, and blockchain have enhanced systems to make online learning effective. The capability of these advanced technologies to automate basic classroom activities such as queries, feedback, and evaluation is helping improve the overall experience of users, further fuelling the edtech boom. If we have learned anything from the past 15 months, it is the importaBy VARINDIA | 110 views
Household Debt may have declined to 34% in Q1 FY22: SBI Report
#Aadhaar #PANcard #Swiggy
The household debt as a percentage of gross domestic product may have declined to 34% in the first quarter of 2021-22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, a report of State Bank of India's Research says. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 percent in 2020-21 from 32.5 percent in 2019-20.
The good thing is that in rural India, the share of outstanding cash debt from non-institutional credit agencies has declined significantly to 34% in 2018 from 44%in 2012. Notably, almost all states have registered a steep decline in non-institutional credit in rural areas, indicating the increase in formalisation of the economy. The share of non-institutional credit has declined significantly in the case of Bihar, West Bengal, Rajasthan, Haryana and Gujarat. In Haryana and Rajasthan, which witnessed loan waiver schemes, the share of non-institutional credit declined contrary to popular perception, it said. This could be explained by a significant increase in penetration of KCC (Kisan Credit Cards) in these two states. The number of KCC cards has jumped by 5 times over the 7 year period ended 2020. The report believes that the recent reforms in agriculture could further help in the formalisation of the economy, despite the political cacophony.
Today's Headline in NewsHours
0:00 Intro
2:12 Linking of #Aadhaar with #PANcard has been extended till March 31, 2022
2:53 Food delivery apps like #Swiggy, #Zomato to charge 5% GST on deliveries
3:27 #Vodafone, #Birla to infuse equity in #VodafoneIdea
4:11 Malware Hiding in #Windows Subsystem for #Linux – according to #Researchers
4:40 #MSI revamps #Alpha15gaminglaptop with #AMDRyzen50By VARINDIA | 155 views
Omicron Variant: चूहे से मनुष्य में आया कोरोना वायरस का ओमिक्रॉन वेरिएंट, नई स्टडी में हुआ खुलासा!
पूरी दुनिया के लिए इस समय कोरोना वायरस का नया वेरिएंट ओमिक्रॉन परेशानी का कारण बना हुआ है। भले ही ओमिक्रॉन को पिछले डेल्टा वेरिएंट की तुलना में कम गंभीर माना जाता है, लेकिन बहुत तेजी से फैलने की इसकी क्षमता ने कई देशों के स्वास्थ्य ढांचे को प्रभावित किया है। वैज्ञानिक लगातार इस वेरिएंट के ओरिजिन यानी उत्पत्ति के बारे में जानने की कोशिश कर रहे हैं। इस बीच ओमिक्रॉन को लेकर चीनी शोधकर्ताओं ने नया खुलासा किया है। दरअसल, उन्होंने एक नई स्टडी के आधार पर यह दावा किया है कि ओमिक्रॉन की उत्पत्ति चूहों से हुई है।
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Omicron Variant: चूहे से मनुष्य में आया कोरोना वायरस का ओमिक्रॉन वेरिएंट, नई स्टडी में हुआ खुलासा!By PunjabKesari TV | 172 views
കാലാവസ്ഥാ വ്യതിയാനത്തെ ചെറുക്കാൻ എവറസ്റ്റിനു മുകളിൽ ഗവേഷകരെത്തി
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കാലാവസ്ഥാ വ്യതിയാനത്തെ ചെറുക്കാൻ എവറസ്റ്റിനു മുകളിൽ ഗവേഷകരെത്തിBy News60 ML | 99 views
COVID treatment: Lancet journal releases new study on use of convalescent plasma therapy
As the COVID-19 pandemic continues, researchers continue to search for effective treatments. The study published in the medical journal The Lancet suggests plasma therapy has no significant effect on Covid patients. Watch the video for more details.
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COVID treatment: Lancet journal releases new study on use of convalescent plasma therapyBy The Economic Times | 350 views
Here's how Zika virus strips immune cells of their identity
Here's how Zika virus strips immune cells of their identity
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India observes Independence Day with patriotic fervour
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भारत में कैसे यह गांव बन गया सूखे से हरियाली की मिसाल #DWGlobalIdeas #Drought #Maharashtra #dblive
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Ex-PAK captain Inzamam accuses India, Rohit delivers a Sherlock-worthy explanation.
Is this the 'Reverse Swinging Away'?
Ex-PAK captain Inzamam accuses India, Rohit delivers a Sherlock-worthy explanation.
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Ex-PAK captain Inzamam accuses India, Rohit delivers a Sherlock-worthy explanation.By CricTracker | 10386 views
Delhi:2 दिन बाद दूंगा CM पद से इस्तीफा,जनता की अदालत में साबित करुंगा अपनी ईमानदारी-Arvind Kejriwal
Delhi:2 दिन बाद दूंगा CM पद से इस्तीफा,जनता की अदालत में साबित करुंगा अपनी ईमानदारी-Arvind Kejriwal
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विधानसभा चुनाव से पहले किसानों को NDA सरकार की बड़ी चेतावनी | Maharashtra | #dblive
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Anil Vij ने CM पद के लिए ठोका दावा, कहा- मैं छह बार का विधायक हूं, पार्टी से आज तक कुछ नहीं मांगा
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20अक्टूबर से 21जनवरी तक में मंगल अपने नीच राशि कर्क में मकर ,कुंभ,मीन राशि परक्या पड़ेगा प्रभाव
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20अक्टूबर से 21जनवरी तक में मंगल अपने नीच राशि कर्क में मकर ,कुंभ,मीन राशि परक्या पड़ेगा प्रभावBy Daati Maharaj | 2404 views