Increase Your Pharmaceutical Production with Embedded Analytics
Introduction
Pharmaceutical production mainly focuses on the manufacturing and development of prescription drugs and products that are instrumental parts of healthcare worldwide. Analyzing data with embedded analytics helps pharmaceutical industry leaders identify marketing strategies, make faster decisions, minimize operational costs, and maintain a competitive edge as data becomes more prominent. In this blog, I am going to discuss:
- What is embedded analytics?
- The benefits of embedded analytics in pharmaceutical production analysis.
- A Bold BI pharmaceutical production analysis dashboard example.
- How to embed analytical tools into a pharmaceutical app.
What Is Embedded Analytics?
Embedded analytics is the integration of analytical solutions and data visualization capabilities into a software application’s user interface to improve data comprehension and usability. Bold BI helps you easily embed an analytics solution into your everyday work applications using a JavaScript SDK and server application. It also enables you to reduce dependency on IT teams and delivers all the insight you need to improve organizational and workforce outcomes.
Benefits of Embedded Analytics in Pharmaceutical Production Analysis
Embedding analytics in your existing software application is essential in pharmaceutical production analysis and provides users easy access to key metrics. I am going to discuss the major benefits of embedded analytics in pharmaceutical production:
- Improve the efficiency of clinical trials.
- Improve data operation system
- Improve accuracy of decision-making.
- Increase revenue.
Improved productivity and efficient workforce management
Embedded analytics helps you constantly monitor productivity key metrics such as average prescriptions filled per day, average sales per transaction, inventory turnover, and transaction frequency. Having these details helps managers understand the productivity of their factories and performance of their products. With this data, production managers can make plans to increase production and use their workforce efficiently, as well as supply market demands with better precision, which increases revenue and brand value of the company.
Improve data operation system
Embedding analytics in your software application can help you visualize and analyze all your data in an effective manner. You can gain insight into seasonal changes in demand looking at key metrics and KPIs like fast moving drugs and inventory metrics over time. Looking at trends of the past gives a solid basis for predicting the demand for the coming years, allowing manufacturers to dedicate more precisely accurate resources to producing specific products. Companies can also get a good idea of where and when to target marketing, such as allergy medicine to places with high numbers of people affected at specific points in the life cycles of the local flora. This kind of information can also inform distribution, making the overall operations of the company more efficient.
Improve accuracy of decision-making
Embedded analytics helps the pharmaceutical industry collaborate and make better decisions in the drug manufacturing process. It helps company and team leaders to engage with different people such as disease control scientists, drug research teams, government regulators, and more to exchange ideas and information, leading to higher quality drugs. The visualizations of an analytical dashboard make the information being exchanged easier to explain and understand. Incoming data from outside sources is easy to integrate, making projected outcomes more accurate, patterns in the industry data easier to spot, and collaboration in general simpler. Industry leaders can make decisions about development, supply and demand, and company priorities with more confidence. Research team leaders will have more complete pictures of where problems in their processes exist, allowing them to take action to remedy those problems faster.
Helps increase revenue
Embedded analytics helps the pharmaceutical industry to track expenditure. This helps finance departments have a better idea of budgeting for their companies and how they are progressing in terms of revenue statistics. For example, when the industry’s returns go down, the finance manager can be the first to inform heads of other departments. They can then examine their own metrics to determine the cause and solve any issues.
Bold BI’s Pharmaceutical Production Analysis Dashboard
The embedded Pharmaceutical Production Analysis Dashboard gives an overview of important KPIs in drug manufacturing processes like LAR, PQCR, lead time, and the manufacturing cost of the drugs. Also, take a look at the overall production quality and drugs produced compared with target set in past quarters.
The following are the key metrics and KPIs in the Pharmaceuticals Production Analysis Dashboard:
- Lead time of drugs (in hours).
- Quality metrics.
- Production quality.
- Manufacturing cost and summary of the drug.
- Production vs. target quantities.
Key metrics
Lead time of drugs (in hours)
The lead time of drugs metric shows the total number of hours taken to produce a drug. You can compare the time incurred in planning, manufacturing, and inspection during the last month.
Quality metrics
This widget shows the lot acceptance rate (LAR) and product quality complaint rate (PQCR) helps to assess a drug’s quality and the manufacture’s state of quality. Takt time is the rate at which a finished product needs to be completed in order to meet customer demand.
Production quality
Production quality is evaluated by measuring the difference between the total produced units and the units that have not passed quality tests. With this measure, a manufacturer can know how far the quality standard is met.
Manufacturing cost and summary of the drug
This widget shows the cost incurred for each drug during development, preclinical, and clinical phases. The clinical phase is a very important phase that includes multiple tests for drugs to ensure quality before it is dispatched for sales.
Production vs. target
Show the comparison between the produced units of drugs versus the target set for that quarter. The grand total is the total number of all drug units produced in all quarters.
To learn more about the metrics and KPIs used in this dashboard example, refer to the Pharmaceutical Production Analysis Dashboard demo.
How to embed analytics tools into pharmaceutical apps
Let’s see how analytics can be embedded into the web applications of pharmaceutical companies. Bold BI can embed your dashboards in apps for more than 18 web platforms, including React with ASP.NET Core, React with Go, WinForms, Node.js, Vue with Go, and Vue with Core. In the rest of this blog, I am going to explain how to embed dashboards into your Angular applications. Consider a scenario in which your company has a website like the one shown in the following image.
You can embed dashboards easily using Bold BI and avoid building an analytics or BI solution yourself. Follow these steps to embed your dashboard successfully.
Prerequisites
Download and install the Bold BI server in your local machine and create a dashboard. You can find the installation and deployment steps here.
Step 1: Create an Angular application.
To successfully embed a dashboard in your application, you first need to create an Angular application. Create a new Angular project in Visual Studio Code and add the necessary ts files to the project, as shown in the following image.
For more guidance, refer to the sample code in the Bold BI documentation.
In this demonstration, the Angular application acts as a client, and an ASP.NET Core application acts as a server. You need to add several properties in the app.component.ts file, as shown in the following table and screenshot.
RootUrl : Bold BI dashboard server URL. For example: http://localhost:5000/bi, http://dashboard. Syncfusion.com/bi.SiteIdentifier : For the Bold BI, it should be something like “site/site1”. For the Bold BI Cloud Analytics Server, it should be an empty string.Environment : Your Bold BI application environment. If using Bold BI Cloud Analytics Server, you should use “cloud.” If using Bold BI, you should use “enterprise.”User Email : The Bold BI server will use an email address to authorize the authorization server.
After adding these properties, we need to create the Bold BI instance.
Step 2: Create a Bold BI instance.
After the Angular web application is created, you need to create a Bold BI instance to communicate between the server-side (any web application) and the client-side (Angular application), which allows us to embed a Bold BI dashboard in the Angular application.
Step 3: Create an authorization server to authenticate the Bold BI server.
Every application that embeds a Bold BI dashboard or widget must be authorized with the Bold BI server. This authentication step requires sending confidential information to the Bold BI server, such as users’ email addresses, group data, and embed signatures. So, in your server application, implement this authentication flow and provide the URL for connecting to your server in the Bold BI Embedded instance.
Step 4: Run the Angular application to view the embedded dashboard.
In the Angular application, enter the authorization URL and dashboard URL that were defined in the ASP.NET Core application. Finally, you can that see the dashboard created in the Bold BI server is embedded in your web application.
By following the previous steps, you can successfully embed your dashboard into your Angular application.
To learn more about embedding dashboards into your Angular applications, refer to this blog. You can also download the sample code used in the previous steps from our documentation.
Conclusion
Bold BI helps you integrate dashboards in your applications written in ASP.NET Core, ASP.NET MVC, Angular, ASP.NET, and Ruby on Rails. It will save you time and prevent you from doing redundant work. Click this link to explore its features. To learn more about embedding dashboards into your application, refer to this blog and our help documentation.
I hope you now have a better understanding of Bold BI and how it can help the pharmaceutical production industry be more successful. You can create any kind of dashboard you like with Bold BI’s 35+ widgets and 130+ data sources.
Get started with Bold BI by signing up for a free 15-day trial and create interactive business intelligence dashboards. You can contact us by submitting questions through the Bold BI website or, if you already have an account, you can log in to submit your support questions.
Originally published at https://www.boldbi.com on March 11, 2022.
