Technological innovations, especially around Industrie 4.0 technologies, are transforming the way healthcare is delivered around the world and also in India. Technologies such as artificial intelligence, machine learning, Internet of Things, and big data are blurring the boundaries between the physical, digital and biological worlds.
Be it life sciences companies, specialist drug producers, or startups, almost all of them are now in the process of transforming to cater to this new wave which analyst firm E&Y terms as ‘Life Sciences 4.0’ in a recent report on ‘Transforming healthcare in India’.
The journey to this is happening at multiple level. Pure-play life sciences companies are striving to become pharma-tech organisations, investing in areas like AI, robotics and sensors.