The Fourth Industrial Revolution: Will it change pharmacy practice?

Darrin Baines, Lotte Stig Nørgaard, Zaheer-Ud-Din Babar, Charlotte Rossing

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

The industrial world is at the beginning of a Fourth Industrial Revolution (4IR). This era will radically change the human use of technology, with major implications for the ways people live and work. This commentary asks: will 4IR change pharmacy practice? The first three revolutions created the pharmaceutical industry and gave pharmacists a near-monopoly over drug supply. 4IR could do the opposite and create alternative, non-pharmaceutical means of treating patients as well reducing the involvement in medicines supply. If the pharmacy sector becomes stuck in traditional, linear thinking that assumes the future will be an extension of the past, then the fourth revolution may be less of an opportunity and more of a threat. The sector faces the “innovator's dilemma” when responding to 4IR. Should the pharmacy profession disrupt their current activities in order to: (i) do things better, (ii) do new things, and (iii) deter competition? To maintain its position in the medical marketplace, pharmacy needs to discover how to work with AI, robotics, IoT, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. If the new game is understood, pharmacists may become the playmaster of tomorrow. If not, then the practice of pharmacy may be replaced by innovative new ways of meeting patient pharmaceutical needs.
LanguageEnglish
JournalResearch in Social and Administrative Pharmacy
Early online date16 Apr 2019
DOIs
Publication statusE-pub ahead of print - 16 Apr 2019

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Pharmaceutical Preparations
Pharmacists
Materials science
Biotechnology
Nanotechnology
Energy storage
Medicine
Printing
Robotics
Drug Industry
Industry
Technology
Internet of things
Three Dimensional Printing

Cite this

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title = "The Fourth Industrial Revolution: Will it change pharmacy practice?",
abstract = "The industrial world is at the beginning of a Fourth Industrial Revolution (4IR). This era will radically change the human use of technology, with major implications for the ways people live and work. This commentary asks: will 4IR change pharmacy practice? The first three revolutions created the pharmaceutical industry and gave pharmacists a near-monopoly over drug supply. 4IR could do the opposite and create alternative, non-pharmaceutical means of treating patients as well reducing the involvement in medicines supply. If the pharmacy sector becomes stuck in traditional, linear thinking that assumes the future will be an extension of the past, then the fourth revolution may be less of an opportunity and more of a threat. The sector faces the “innovator's dilemma” when responding to 4IR. Should the pharmacy profession disrupt their current activities in order to: (i) do things better, (ii) do new things, and (iii) deter competition? To maintain its position in the medical marketplace, pharmacy needs to discover how to work with AI, robotics, IoT, autonomous vehicles, 3-D printing, nanotechnology, biotechnology, materials science, energy storage, and quantum computing. If the new game is understood, pharmacists may become the playmaster of tomorrow. If not, then the practice of pharmacy may be replaced by innovative new ways of meeting patient pharmaceutical needs.",
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The Fourth Industrial Revolution : Will it change pharmacy practice? / Baines, Darrin; Nørgaard, Lotte Stig; Babar, Zaheer-Ud-Din; Rossing, Charlotte.

In: Research in Social and Administrative Pharmacy, 16.04.2019.

Research output: Contribution to journalArticle

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