Novartis AG - Digital Transformation Strategies

Novartis AG - Digital Transformation Strategies

Summary

Novartis AG (Novartis) is a pharmaceutical company engaged in discovery, development, manufacturing, and marketing of prescription and generic pharmaceutical products. It provides drugs for the treatment of cancer, cardiovascular diseases, dermatological conditions, neurological disorders, ophthalmic diseases, respiratory diseases, immune disorders and infections, etc. The company offers eye care products through its subsidiary, Alcon, and generic medicines through Sandoz. Novartis carries out research in various areas including oncology, ophthalmology, metabolic, and cardiovascular among others through Novartis Institute for BioMedical Research (NIBR). The company’s production and supply chains for innovative medicines, generic drugs, pharmaceutical and biotechnological active substances are managed by Novartis Technical Operations (NTO). NTO has 64 manufacturing plants across its IM and Sandoz segments.

The report provides information and insights into Novartis' tech activities, including -

• Insights of its digital transformation strategies and innovation programs
• Overview of technology initiatives covering partnerships, product launches and acquisitions
• Insights on each technology initiative including technology theme, objective, and benefits
• Details of estimated ICT budgets and major ICT contracts

Scope

• Novartis is exploring the possibility of using blockchain technology to improve customer service by providing up-to-date information about prescription drugs to patients, quicken manufacturing process, lower cost of operations and prevent drug recalls.
• Novartis is tapping the functionality and features of cloud computing technologies to integrate siloed data on one platform and process it to transform several business operations, including delivery operations, production processes and core supply chain.
• Novartis is harnessing the power of big data, artificial intelligence (AI), machine learning (ML), and predictive analytics to transform the healthcare ecosystem and achieve better health outcomes.
• Novartis established the data42 program as part of its ‘go big on data and digital’ strategy to transform the way it discovers and develops novel treatments for diseases.

Reasons to Buy

• Gain insights into Novartis' tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.