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The Fourth Industrial Revolution: Will it change pharmacy practice?

Baines, D., Nørgaard, L.S., Babar, Z-U-D. and Rossing, C., 2020. The Fourth Industrial Revolution: Will it change pharmacy practice? Research in Social and Administrative Pharmacy, 16 (9), 1279 - 1281.

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Official URL: Volume 16, Issue 9, September 2020, Pages 1279-128...

DOI: 10.1016/j.sapharm.2019.04.003

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.

Item Type:Article
ISSN:1551-7411
Group:Bournemouth University Business School
ID Code:35277
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:15 Mar 2021 12:46
Last Modified:15 Aug 2021 08:28

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