Real world evidence plays an increasingly important role in pharmacovigilance by providing insights into how medicines perform outside controlled clinical trials. Information collected from electronic health records, insurance claims, patient registries, wearable devices, and patient reported outcomes helps healthcare professionals identify safety concerns, monitor adverse events, and evaluate long term treatment outcomes. These real world data sources complement clinical research by offering broader patient perspectives across different populations and healthcare settings. Understanding the value of real world evidence enables organizations, researchers, and regulators to improve medication safety while supporting informed healthcare decisions through continuous monitoring and evidence based evaluation.