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Transcript
Life Sciences
White Paper
Reimagining Life Sciences Sales & Marketing:
The Key to Understanding Your Customer
About the Authors
Raghunandan H
Head, Life Sciences Sales & Marketing Center of Excellence
Raghunandan (Raghu) has 18 years of experience spanning IT consultancy, delivery, and
business development in the life sciences domain, as well as pharmaceutical sales,
marketing, distribution, and operations. In the initial ten years of his career, he has
worked for pharma majors in various sales and marketing roles.
For the past seven years, Raghu has been working in the IT Industry and has been
associated with Life Sciences and Healthcare verticals. Raghu's expertise lies in
managing business aligned IT consulting in sales, marketing, customer relationship
management, Sales Force Automation, multi-channel marketing, e-Marketing and
related areas.
Parimal Nagtode
Domain Consultant, Life Sciences Sales & Marketing Center of Excellence
Parimal has been working in the IT industry for past 13 years and with Tata Consultancy
Services (TCS) for over eight years, associated with Life Sciences and HiTech industry
verticals. Parimal has managed several large deliveries of e-Marketing and related
projects for US-based clients and has worked on various digital marketing initiatives for
TCS' Life Sciences vertical.
With diverse digital touch points such as social, web, and mobile gaining popularity across
the customer base, digital marketing is, today, perceived as a cost-effective marketing
strategy to improve customer connect. In keeping with this trend, life sciences companies are
trying to improve, define and design their digital marketing strategy.
Life sciences organizations have their own set of challenges in strategizing their digital
marketing - disconnected channels, multiple customer touch-points, industry regulatory
guidelines on leveraging digital channels specifically social media, and isolated digital
marketing operations. Therefore, pharmaceutical companies need to build the best possible
integrated digital marketing services and adopt new engagement channels and services in
order to target wider and newer customer segments effectively by Digitally Reimagining
their business.
TM
Digital Reimagination is the process wherein organizations reimagine their business
models, business processes, customer experience, channels, and workspaces, by leveraging
the digital five forces, namely mobility and pervasive computing, Big Data and analytics,
cloud, social media, and artificial intelligence (AI) and Robotics. The concept of Digital
ReimaginationTM is fundamentally different from digitization. It is not about taking an existing
process and digitizing it, nor is it about leveraging one digital force at a time. Digital
ReimaginationTM is a tectonic change in the way business is done or the customer served, by
leveraging a combination of the digital five forces.
This white paper focuses on the current challenges of a fragmented digital marketing
landscape and defines strategies for building integrated digital marketing services within life
sciences organizations to drive consistent customer experience.
Contents
Digital Marketing
5
Overview
5
Digital Marketing Trends
5
Life Sciences Digital Landscape
6
Overview
6
Fragmented Digital Marketing Challenges
6
Need To Build Integrated Digital Marketing Services For Life Sciences
Organizations
8
Reimagining Digital Marketing
9
Leveraging digital forces to build an integrated marketing ecosystem
Delivering Value Through Digital Reimagination
Conclusion
TM
9
10
11
Digital Marketing
Overview
Digital marketing involves promoting products and services using various digital channels to reach consumers at
the right time through their preferred channel. The disruptive digital forces of mobility, social media, cloud and
analytics can be leveraged to enable the digital reimagination of the customer engagement process - deliver
personalized messaging to each customer via their preferred digital channels.
Digital channels are rendered and accessed via desktops, tablets, mobile, smartphones, and gaming consoles and
can effectively deliver personalized content and promotions. With the increased use of the web, social media, and
mobility, organizations are leveraging digital channels for wider and more effective customer reach, by launching
multiple global and region-specific campaigns. This digital adoption helps provide cost-effective, consistent
personalized customer messaging as compared to traditional marketing such as print, television, direct mail and
so on.
Organizations are leveraging digital marketing methods for successful marketing strategy implementationinbound marketing through publishing content online in the form of portals, podcasts, e-journals, online
campaigns, social media marketing, search services; and outbound marketing including email marketing, RSS
(Really Simple Syndication) feeds and others. A recent survey of 3300 business executives from various industries
indicates that on an average, 34% of a company’s leads come from inbound marketing verses 22% through
outbound marketing1.
Digital Marketing Trends
Organizations are implementing a wide range of digital channels so as to engage customers in a more
personalized way. Digital marketing trends that organizations are rapidly embracing include2:
Mobility – Business Insider's recent report indicates that globally, one in every five people owns a smart phone,
3
and one in every 17 owns a tablet. That's an increase of nearly 1.3 billion smartphones in last four years . Therefore
an increased user base accessing the internet via smartphones has prompted many companies to optimize their
online content for mobile devices.
Social media – Organizations are focusing on engaging with customers through social media to offer real-time
interactions. Social media helps organizations reach out to a vast pool of potential customers by supplying them
with medical and campaign-related information.
Social-Local-Mobile marketing –The growing popularity of smart mobile devices, increasing location based
social activities like experience sharing, review reading via social media and the evolution of Global Positioning
System (GPS) are helping companies leverage Social-Local-Mobile marketing activities.
[1] 2013 State of Inbound Marketing, 2013, October 2013, http://www.stateofinboundmarketing.com/
[2] 2013: The Year of Integrated Digital Marketing - Chris Horton, December 2012, March 2013, http://engage.synecoretech.com/marketing-technology-for-growth/bid/166506/2013The-Year-of-Integrated-Digital-Marketing
[3] Smartphone and Tablet Penetration – Business Insider, October 2013, October 2013, http://www.businessinsider.com/smartphone-and-tablet-penetration-2013-10
5
Personalized Content marketing – Customer engagement, acquisition and retention have all taken on a new
dimension with the delivery of unique, personalized, and relevant messages through identified digital channels.
Email is one of the most preferred marketing channel to broadcast targeted organization messages and campaigns
to existing and prospective customers.
Advanced analytics – Increased adoption of digital channels is generating large volumes of customer behavioral
data. Advanced actionable analytics can help organizations define targeted marketing strategies.
Search Engine Marketing (SEM) / Search Engine Optimization (SEO) – Organizations are focusing on SEO
efforts and paid search advertising for enhancing the visibility of their products and services.
Closed Loop marketing – Organizations are adopting this marketing strategy to capture and analyze the data
about each customer interaction, convert it into actionable insights, allowing marketers to personalize marketing
content to match each customer's profile and interest.
Life Sciences Digital Landscape
Overview
Life sciences companies have exercised caution in adopting digital channels,
perhaps because of the small user base, the highly regulated nature of the
industry as well as the unclear industry guidelines on social media usage.
However, the emergence of online professional and patient communities
and the increased usage of social media, mobile, online information seeking
and sharing by patients, healthcare professionals (HCP), key opinion leaders
(KOL) and the larger medical fraternity have prompted pharmaceutical
companies to explore and invest in digital marketing strategies within
industry guidelines. Another significant driver for digital marketing adoption
is the growing need to streamline internal (within the organization)
communication to improve work efficiency and employee satisfaction.
Fragmented Digital Marketing Challenges
Eight in 10 physicians use
smartphones in their daily
practice and six in 10
physicians use tablets . The
top use of smartphones is
for accessing drug
information while tablets
are used mostly to access
medical research. In
addition, mobile apps are
being used by 24% of
physicians, making these
the top digital/social media
channel used for work
purposes4.
Traditionally and over the years, life sciences companies have been
leveraging digital channels using an isolated approach rather than an
integrated one.
[4] Wolters Kluwer Health 2013 Physician Outlook Survey, 2013, October 2013,
http://www.wolterskluwerhealth.com/News/Documents/White%20Papers/Wolters%20Kluwer%20Health%20Physician%20Study%20Executive%20Summary.pdf
6
Figure 1 indicates various standalone communication touch-points used to deliver medical as well as
promotional messages across the life sciences value chain.
Healthcare
Professionals,
Patients,
Payers,
Hospitals,
etc.
Figure 1: Life sciences customer touch-points (digital and non-digital)
The consequence of this disconnected digital approach is the absence of a 360-degree customer view leading to
marketing gaps. Companies have to cross many intermittent hurdles to execute, manage, and subsequently
measure the success of their marketing campaigns across digital channels with multiple customer touch-points.
The key challenges of the ’fragmented digital marketing landscape’ are:
n
Lack of consolidated operational and strategic metrics across various digital channels
n
Lack of business process harmonization
n
Independent and fragmented digital promotion
n
Multiple IT solutions for similar digital marketing services across geographies and business units of an
organization
n
Inability to reuse digital assets
n
Involvement of multiple stakeholders and decision makers
n
Lack of compliance and regulation implementation
n
Lack of synergies across services, products, and markets associated with digital marketing
7
Figure 2 illustrates cases of concerns around fragmented and disconnected digital marketing services that life
sciences organizations contend with.
Multi-channel
Marketing
[Large Global
Pharmaceutical Company]
Closed Loop
Marketing
[US based Major
Pharmaceutical Company]
Digital Marketing
Effectiveness
Measurement
[Global US based
Pharmaceutical Company]
n
Fragmented digital and non-digital commercial operations for different brand units
resulting in inconsistent and partial messaging across channels
n
Lack of uniform strategy across channels on insights analysis thus impacting
decisions.
n
Limited information visibility across enterprise as no integration with existing
Customer Relationship Management/ Sales Force Automation solutions
n
Multiple Closed Loop Marketing (CLM) solutions across geographies and different
business units which are disconnected and not integrated
n
Fragmented insights from multiple CLM solutions resulting in failure to cater to
customer specific requirements on-time
n
Failure to deliver relevant personalized information
n
Insights captured across multiple channels (web, mobile, email, social) remain in silo
and fragmented
n
Weak and ineffective analysis of customer insights and sentiments
n
Improper measurement of digital campaigns and incomplete customer view
Figure 2: Fragmented digital marketing cases & concerns
Need to Build Integrated Digital Marketing Services for
Life Sciences Organizations
The emergence of new digital channels and the challenges of the fragmented digital marketing landscape
necessitate the building of cost optimized integrated digital marketing services for enhanced customer experience.
Life sciences organizations are exploring various options to build digital marketing services focused on integration
of digital channels and functions such as campaign management, email marketing, search engine optimization,
eDetailing, eCommerce and so on. This is to ensure seamless presence across multiple channels and perform better
analytics.
By leveraging digital channels through a well-defined strategy, life sciences companies can reimagine the way they
connect with their customers. By using the actionable insights on needs, preferences and behavior, organizations
can optimize the customer experience journey across multiple touch points. Additionally, consistently delivering
positive customer experiences can strengthen the relationship. This can have a positive impact on the company's
revenue in the long term.
8
Figure 3 highlights some of the key digital marketing initiatives that can be integrated.
Sales force & HCPs interactions digitization - eDetailing,
Virtual Meeting, Tele detailing
Integrated
Digital
Marketing
Ecosystem
(Healthcare
Professionals,
Sales Reps
Pharmaceutical
organizations,
Regulatory
Authorities,
Patients etc.)
Health-centric collaboration communities
(disease therapy or theme communities)
Life
Sciences
Companies
key Digital
Marketing
Initiatives
Social media to engage HCPs, KOLs and Patients
Email marketing – Personalized communication
On-the-go connection with HCP, Patients, Sales Reps and
other identified stakeholders (Mobility / Contact centers)
Extended service through social channels
Predictive modeling & data insights
(help interaction improvisation)
Figure 3: Life sciences key digital marketing initiatives
Reimagining Digital Marketing
Focus areas for implementing and managing integrated digital marketing services are key digital forces such as
social media, mobility, cloud computing and analytics. These digital forces helps in reimagining the core business
dimensions - business models, business processes, services, channels, customer segmentation and workplaces.
Leveraging digital forces to build an integrated marketing ecosystem
Campaign Management
Cloud
Computing
Email Marketing
Web Solutions
eDetailing
Virtual Meetings
SEO/SEM
Social Media Solutions
Analytics
Social
Media
Integrated Digital Marketing
Quality Management & Compliance Services
Project Management & Governance
Healthcare
Professional
Sales Rep
Collaboration Services
Content Management
Integration Services
Patient
Mobility &
Prevasive
computing
Big Data
& Analytics
Figure 4 : Digital ReimaginationTM - Integrated Digital Marketing
9
The digital forces of mobile, social, analytics and cloud computing provide opportunities to drive innovation for
better life sciences customer experience and engagement
Social Media – Social media force enables life sciences companies to analyze the conversations, perceptions,
feedback and views about organization's products. Also helps understand patient journey. This actionable insights
will trigger the refinement of digital marketing strategies – branded & unbranded promotions, campaigns, awareness
programs over social channel. Life sciences companies can leverage the social media to collaborate with patients and
healthcare professionals.
Mobility – Life sciences companies are leveraging mobile force to introduce new business models for better
customer engagement includes virtual detailing, video chat, educational games, eDetailing, localized deals and so
on.
Cloud Computing – Cloud computing is enabling life sciences companies to build their next gen digital marketing
strategies over cloud infrastructure to save millions of dollars of investment in data centers, software, hardware and
human force to manage the in-premise infrastructure. Cloud computing had enabled agility, flexibility, scalability,
reliability and cost-effectiveness in various digital marketing implementations and new initiatives.
Big Data / Analytics – Data from various structured sources such as traditional databases, text files, etc. and
unstructured data from professional blogs, forums, emails, videos, audios etc. is enabling life sciences companies to
analyze the data and get timely insights. This is helping companies to generate 360-degree view of the customer. This
will help in delivering relevant and targeted information to both patients and healthcare professionals over multiple
channels like web, mobile, eDetailing, video and social.
Other areas to reimagine helps build integrated digital marketing include:
n
Scalable and flexible solutions– Catering to global and regional requirements and ensuring business and
technology agility to respond to and adapt changes in real-time
n
Customer behavior and channel effectiveness by using appropriate measurement framework
n
Multi-channel rendering and reusable digital assets
n
Business process harmonization across channels
n
Global, regional, and local regulations
n
Organizational change management
n
Digital and virtual workplaces of HCP and sales representatives
n
Models and processes obtaining competitive advantage in the market
Delivering value through Digital ReimaginationTM
Life sciences companies will have to develop integrated customer centric solutions by leveraging all the digital
forces, rather than incremental, disconnected innovations to reimagine their business. The combined use of these
technologies will help life sciences organizations to:
10
n
Increase cost efficiencies and maximize return on investment
n
Enhance ‘digital marketing decision-making’ through better analytics
n
Ensure faster and effective customer reach for promotions and campaigns
n
Enable reusability of digital assets to reduce costs
n
Seamlessly deliver marketing initiatives with flexible and scalable solutions
n
Facilitate mapping of right channels across right geographies for the right products and services
n
Improve customer behavioral analysis and segmentation that correlate to future sales
n
Build brand loyalty by delivering value-adds to all stakeholders
n
Enhance customer experience across all digital communication channels
n
Deliver consistent message across channels
Life sciences organizations have started leveraging integrated digital marketing services in a phased manner.
Case 1
A large research-based pharmaceutical company had initiated phase wise deployment of an integrated platform
for digital and non-digital marketing services to enhance customer centric marketing.
With this consolidated marketing platform for brand promotion and campaigns across various channels, the
company plans to leverage channel optimization, appropriate customer-channel mapping, consistent campaign
measurement, and predictive analytics to maximize ROI. The company aims to increase engagement with patients,
healthcare professionals (HCP), and key opinion leaders by providing a personalized and consistent experience
across touch-points.
Case 2
A global pharmaceutical and consumer healthcare company has decided to leverage a cloud based integrated
digital marketing platform for cost optimization, to streamline its global digital marketing operations and to
enhance global customer engagement.
Conclusion
Today, life sciences customers are looking for relevant and consistent information across digital channels that cater
to their needs - medical and scientific information, research updates, product information, industry and
organization updates, campaigns and so on. Life sciences organizations are struggling to effectively engage
customers across digital touch-points and deliver consistent brand messaging.
11
As part of the integrated digital marketing strategy, pharmaceutical companies should:
n
Define a comprehensive multi-channel marketing strategy to adopt various online and offline channels
n
Adopt a globally accepted flexible model to incorporate technology initiatives like Big Data, high performance
computing, cloud services and customer engagement models like eCommerce, online games, mobile services
n
Adhere to global, regional, and local pharma regulations, constantly review to ensure compliance with emerging
regulations
n
Listen and analyze online customer on continuous basis to understand customer behavior and channel
effectiveness
n
Focus on cost optimization initiatives like centralized production services, reusable digital assets, global vendor
management, managed services
n
Harmonize and standardize processes across channels, business units and geographies
n
Define and drive organizational change management strategy
By following this streamlined approach for integrating digital marketing services, organizations can deliver cost
optimized, consistent and effective messaging to customers across the globe, thereby building brand loyalty.
Acknowledgements
The author would like to thank Sanjeev Sachdeva, Head – Pharma IT Solutions and Innovation Group, TCS Life
Sciences for his contribution to this paper.
12
About TCS Life Sciences
Top Global Life Sciences organizations derive value from TCS' full services play in IT,
Consulting, KPO, Infrastructure and Engineering Services as well as new age business
solutions including Mobility and Big Data. TCS' rich industry experience, domain expertise and
global footprint ensures that it partners with its Life Sciences customers to help them advance
clinical trial efficiencies, accelerate drug discovery, maximize manufacturing productivity and
improve sales and marketing effectiveness. In addition, TCS has a dedicated Life Sciences
Innovation Lab which ensures that its customers have the tools and innovative solutions they
need to solve complex business challenges.
Contact
For more information, contact [email protected]
Digital Reimagination™ is leveraging a combination of the Digital Five Forces - Mobility & Pervasive Computing,
Big Data & Analytics, Social Media, Cloud Computing, Artificial Intelligence & Robotics to reimagine six areas of an
enterprise: Business Models, Products and Services, Customer Segments, Channels, Business Processes, and Workplaces.
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