Pharmacovigilance (PV) is evolving from a reactive to a proactive model, leveraging modern technologies and data sources to enhance drug safety management and public health benefit. This transformation requires refocusing PV on real-world patient experiences rather than mere regulatory compliance, fostering informed decision-making among both providers and patients. The future of PV includes personalized medicine, advanced data analysis tools, and improved communication of benefits and risks, ensuring a more effective healthcare system.