BrandPost: 5 Reasons to Protect the Performance and Security of Your Pharmaceutical Business

Posted: Mon, 11/28/2022 - 3:25pm

One of the greatest lessons resulting from the COVID-19 pandemic is to expect the unexpected and proactively prepare for future unknowns. Like many others, the pharmaceutical industry has been revolutionized by accelerated digital transformation over the last few years. Research has shown that pharma leaders investing in the Internet of Things (IoT) are better equipped to overcome unforeseen challenges.

For these proactive pharmaceutical leaders, two major areas have become increasingly important: preventing network outages and increasing security against cyberattacks. The 2021 State of Pharmaceuticals and Cybersecurity Report from Fortinet found that in the last year, 40% of businesses experienced outages affecting productivity, safety, compliance, revenue, or brand image. These outages are no small glitches: Industry experts estimate the total downtime cost (TDC) of a production disruption ranges from $100,000 to $500,000 per hour. A few disruptions a year can have a massive effect on the bottom line. This necessitates network and application performance management to minimize downtime.

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