- High-Demand for Tech-based Roles
During the interaction, Mr Kulbhushan mentioned that with the rapid growth of the sector, pharma companies are looking to cut-down their lead time for product development. In order to achieve this goal, companies require talent proficient in machine learning, artificial intelligence, and static/dynamic simulation software.
Additionally, according to Pharmaceutical Technology, in the current times, 70% of drug development is done by leveraging smart technologies like Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP).
This means people pursuing streams like computer science engineering, software engineering, data analytics, etc., have tremendous opportunities in the sector.
Research and development (R&D) departments in pharma companies are looking to develop effective State-Gate processes which opens up another broad avenue for job seekers. Additionally, companies are seeking ways to create a seamless project work structure, manage the risks involved, and ultimately drive productivity across all aspects of the project.
- Opportunities for Professionals Proficient in Agile Workflows
Most pharma executives are looking to implement agile and flexible working methods, resulting in an increase in demand for Lean and Six Sigma roles.
- Quality Function & Manufacturing Roles
Quality function, one of the core domains of the pharmaceutical industry, has also witnessed a surge of new roles to develop error prevention techniques, streamline inventory management, and better material flow. Candidates from Lean and Sigma backgrounds are also hired in the quality function space to improve the quality assurance process.
Similarly, people from BPM (Business Process Management) backgrounds have many opportunities in the pharma industry’s manufacturing arena as companies are looking to streamline processes.
Lastly, with the growing competition, companies need a strong marketing and sales team to gain a competitive edge in the market. Companies are looking to target digital channels to promote their products, opening doors for roles like digital marketing, branding, marketing management, business development and many more.
Top Skills For a Successful Career in Pharma Industry
- Artificial Intelligence
- Machine Learning
- Natural Language Processing
- Data/Big-Data Analytics
- Cloud Computing
- Project Management
- Marketing & Branding