Gone were the days when pharmaceutical industry and management was simple. The inflow of data was very less by then,but nowadays it’s getting more and more complex. The use of information technology is more pronounced in almost every business so it’s absolutely essential to utilize the technology to address the constraints in the pharmaceutical industry. Technology is very much required in inventory management. It’s also essential to maintain the efficiency ,allergic patterns ,side effects ,and other issues related to drugs in a fail proof way. Insurance and mediclaim companies require customized records of the drugs and their influence. This data has to be maintained throughout the whole medical history. Data collection,data mining and data manipulation among these drugs with respect to the specific patient history is going to be the prime concern. Drug manufacturers also require these vital data for addressing the demand supply ratio and to gather competitors details. Various researchers are analyzing the impact of certain drugs on their patients,for all this purpose we need technology to be integrated to pharmaceutical industry .In this paper we precisely prefer to summarize the utilization of data mining in pharmaceutical industry. Use of data mining will particularly improve decision making in this industry. Data mining uses various methods like classification,clustering,association and segmentation for better data processing. © 2016,International Journal of Pharmacy and Technology. All rights reserved.