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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. Subscribe to TCS White Papers TCS.com RSS: http://www.tcs.com/rss_feeds/Pages/feed.aspx?f=w Feedburner: http://feeds2.feedburner.com/tcswhitepapers About Tata Consultancy Services (TCS) Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery ModelTM, recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has a global footprint and is listed on the National Stock Exchange and Bombay Stock Exchange in India. IT Services Business Solutions Consulting All content / information present here is the exclusive property of Tata Consultancy Services Limited (TCS). The content / information contained here is correct at the time of publishing. No material from here may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from TCS. Unauthorized use of the content / information appearing here may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. 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