Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Digital Pharmaceutical Supply Chain Market 2024 Exclusive Report by InsightAce Analytic

Published

on

digital-pharmaceutical-supply-chain-market-2024-exclusive-report-by-insightace-analytic

JERSEY CITY, N.J., May 15, 2024 /PRNewswire/ — InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Pharmaceutical Supply Chain Market Size, Share & Trends Analysis Report By Product (Software, Hardware), By Mode Of Delivery (Cloud-based, Web-based, and On -premises), By Software Modules (Software Modules Planning & Analytics, Procurement, Manufacturing, Logistics, and Inventory Management), Region, Market Outlook And Industry Analysis 2031”.

The Global Digital Pharmaceutical Supply Chain Management Market is estimated to reach over USD 1,865. 3 Mn by 2031, exhibiting a CAGR of 8.1% during the forecast period.
Download Free Report Sample Pages @ https://www.insightaceanalytic.com/request-sample/1911 
In recent times, pharmaceutical companies have been exploring new approaches to meet the potential of novel therapies and gain a stronger competitive edge. The advent of data analytics solutions enables the shift from a reactive to a predictive supply chain, which has the potential to enhance the patient and caregiver experience.
The demands of the supply chain are moving, shifting from a narrow focus on drug production and delivery to a more adaptable supply chain that meets the requirements of various stakeholders, such as caregivers, patients, and insurance companies. AI-based solutions have revolutionized the pharmaceutical supply chain by providing practical insights that improve visibility, service quality, and the overall customer experience.
Fundamental advancements in artificial intelligence (AI) show the capacity to benefit the pharmaceutical industries greatly. Pharmaceutical firms can increase productivity, decrease expenses, and guarantee the accessibility of vital medications by implementing AI technologies. AI’s capability to analyze immense quantities of data and generate real-time forecasts enables it to assist in the optimization of a variety of supply chain processes, including demand forecasting and inventory management. Across the pharmaceutical supply chain, AI can increase dependability and efficiency by optimizing schedules, enhancing decision-making, and relieving supply chain employees of tedious manual labour in favour of more value-added responsibilities.
Government attempts to improve medical supplies, together with rising demand for operational efficiency and mobile solutions, are expected to boost digital pharmaceutical supply chain management market growth. The use of artificial intelligence and analytics, expanding demand for cloud-based solutions, and increased acceptance of process automation in pharmaceuticals are all expected to drive revenue-generating market development throughout the forecast period.
List of Prominent Players in the Digital Pharmaceutical Supply Chain Market:
McKesson CorporationMediceo CorporationPalantir Technologies, Inc.Jump Technologies, Inc.InterSystems CorporationTecsysOracleSAPInforTerso SolutionsCenTrak (HALMA plc)Biolog-idTraceLinkOther Prominent PlayersDigital Pharmaceutical Supply Chain Market Report Scope:
Report Attribute
Specifications
Market Size Value In 2023
USD 1,016.1 Mn
Revenue Forecast In 2031
USD 1,865.3 Mn
Growth Rate CAGR
CAGR of 8.1% from 2024 to 2031
Quantitative Units
Representation of revenue in US$ Bn and CAGR from 2024 to 2031
Historic Year
2019 to 2023
Forecast Year
2024-2031
Report Coverage
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered
By Product And Mode of Delivery, Software Modules
Regional Scope
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea
Order 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/1911 
Market Dynamics:
Drivers-
The rising usage of cutting-edge technologies such as digital-twins technology in the supply chain business drives growth. Furthermore, these digital technologies assist logistics organizations in cutting costs. The e-commerce industry has grown significantly as the number of people purchasing online and using the Internet has increased. The growth of e-commerce needs the development of speedier and more efficient transportation services. Customers who shop online expect accurate orders, prompt shipment, and simple return policies. Companies are looking for solutions to decrease order transportation costs and lead times. E-commerce makes products visible, affordable, simple to use, quick to deliver, and easy to return. To fulfill this need, new models and technologies must be created to automate distribution routes, digitize logistics planning, and simplify material transportation. Moreover, introduction of AI-enabled e-commerce solutions is further expected to witness significant growth prospects during the forecast period.
Challenges:
The COVID-19 pandemic has accelerated the market’s growth due to the increasing digitalization trend. Because of the extensive use of online purchasing, companies in the food and beverage, manufacturing, and logistics industries must increase their investments in automation, particularly supply chain automation and digitalization. As a result, the digital supply chain benefits from increased market growth.
This outbreak has affected a large number of firms, making it more difficult for them to maintain their complex supply chains. This is expected to drive higher demand for digital supply chains.
Regional Trends:
The North America digital pharmaceutical supply chain management market is expected to have a considerable revenue share and develop swiftly in the near future. The regional market expansion is anticipated to grow most rapidly, owing to increased widespread adoption of digital technology and the deployment of various methods to improve pharmaceutical supply chain management. The integration of IoT, AI, and cloud technologies to support pharmaceutical product development, production, and distribution is contributing to market evolution.
Curious about this latest version of the report? @  https://www.insightaceanalytic.com/enquiry-before-buying/1911 
Recent Developments:
In April 2024, SourceDay formed a strategic relationship with Infor to improve the effectiveness of direct spending purchase order (PO)lifecycle management. The partnership’s focus will be to bridge the gap between ERPs and supplier networks, as well as to help joint clients manage direct material POs proactively and thoroughly from creation to receipt. As part of the partnership, the supply chain collaboration platform has become an Infor Certified Solution Partner, providing extensive, bi-directional technological integration across Infor’s Discrete Manufacturing and Distribution ERPs.In Oct 2023, InterSystems recently introduced eight new companies to its Startup Program. InterSystems provides support to these businesses, enabling them to effectively change the digital health environment by improving patient care and transforming the sector. The InterSystems Startup Program offers assistance, technical integration, resources, and funding to firms that rely on data in important sectors like healthcare, financial services, logistics, and manufacturing.In Oct 2022, Palantir Technologies Inc. and Concordance Healthcare Solutions LLC formed a partnership to create the first comprehensive medical supply chain ecosystem. This ecosystem will combine inventory and supply chain data from manufacturers, suppliers, distributors, and providers into a unified and up-to-date system. Problems such as product back orders and replacements, which formerly required a significant amount of time and effort from frontline staff, can now be resolved in a matter of minutes. In the end, this enhances the quality of patient treatment and lessens the workload on healthcare providers.In Feb 2022, Oracle announced the addition of new capabilities for logistics management to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The enhancements to Oracle Fusion Cloud Transportation Management and Oracle Fusion Cloud Global Trade Management enable businesses to reduce costs and risk, enhance customer experience, and become more resilient to business disruptions.Segmentation of Digital Pharmaceutical Supply Chain Market-
By Product-
SoftwareHardwareServicesBy Delivery Insights-
Cloud-basedWeb-basedOn -premises segmentsBy Software Modules-
Planning & AnalyticsProcurementManufacturingLogisticsInventory ManagementBy Region-
North America-
The USCanadaMexicoEurope-
GermanyThe UKFranceItalySpainRest of EuropeAsia-Pacific-
ChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia PacificLatin America-
BrazilArgentinaRest of Latin America Middle East & Africa-
GCC CountriesSouth AfricaRest of Middle East and AfricaFor More Customization @ https://www.insightaceanalytic.com/customisation/1911
Why should buy this report:
To receive a comprehensive analysis of the prospects for global Digital Pharmaceutical Supply Chain marketTo receive industry overview and future trends of global Digital Pharmaceutical Supply Chain marketTo analyze the Digital Pharmaceutical Supply Chain market drivers and challengesTo get information on the Digital Pharmaceutical Supply Chain market size value (US$ Mn) forecast till 2031Major Investments, Mergers & Acquisition in global Digital Pharmaceutical Supply Chain market industryOther Related Reports Published by InsightAce Analytic:
Digital Logistics Market
Pharma 4.0 Market
Digital Twins in Healthcare Market
Healthcare Cold Chain Logistics Market
AI in Medical Supplies/Inventory Management Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact Us:InsightAce Analytic PVT. LTDTel.: +1 551 226 6109Email: [email protected] Follow us on LinkedIn: https://www.linkedin.com/company/insightace-analytic-pvt-ltd/
Logo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/digital-pharmaceutical-supply-chain-market-2024-exclusive-report-by-insightace-analytic-302146173.html

Continue Reading

Artificial Intelligence

Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses

Published

on

reliance-cyber-and-google-cloud-security-unite-to-transform-cybersecurity-for-uk-businesses

LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.

Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises? 
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
Logo – https://mma.prnewswire.com/media/2418301/Reliance_Cyber.jpgLogo – https://mma.prnewswire.com/media/2418300/Google_Cloud.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/reliance-cyber-and-google-cloud-security-unite-to-transform-cybersecurity-for-uk-businesses-302156568.html

Continue Reading

Artificial Intelligence

Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany

Published

on

eficode-acquires-jodocus-and-reinforces-atlassian-cloud-skills-and-atlassian-partnership-in-germany

HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.

“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eficode-oy/r/eficode-acquires-jodocus-and-reinforces-atlassian-cloud-skills-and-atlassian-partnership-in-germany,c3988509
The following files are available for download:
https://news.cision.com/eficode-oy/i/eficode-acquires-jodocus,c3304183
eficode acquires jodocus
 

View original content:https://www.prnewswire.co.uk/news-releases/eficode-acquires-jodocus-and-reinforces-atlassian-cloud-skills-and-atlassian-partnership-in-germany-302156539.html

Continue Reading

Artificial Intelligence

New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams

Published

on

new-first-of-its-kind-uk-legal-tech-recruitment-platform-aims-to-put-an-end-to-overseas-worker-scams

Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.

The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
Photo – https://mma.prnewswire.com/media/2421643/Founder_and_Managing_Director_Immpact.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/new-first-of-its-kind-uk-legal-tech-recruitment-platform-aims-to-put-an-end-to-overseas-worker-scams-302155226.html

Continue Reading

Trending