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sophisticated
in annual sales. But that potential means dynamics and understanding of customer
more competition—there were 19 oncology decision making.
analytics critical drug launches in 2013 followed by eight in
2014, while hundreds of unique products are
The company needed sophisticated
to making an in development.
analytics to view physician and account
uptake, customer preferences and other
oncology product Sales and marketing for these drugs is a competitive intelligence.
launch
complex undertaking, as understanding Building these capabilities was not simple.
customer preferences and decision making Multiple stakeholders are involved in
successful. in prescribing oncology drugs is far more
difficult than in other therapy areas.
oncology treatments, requiring better
understanding of stakeholder interactions
To overcome this complexity in sales and and process that require data from multiple
marketing, predictive analytics has become sources. Although the product had great
essential. However, data issues like promise, it faced competition that would be
imperfect affiliations, partial and limited introduced earlier, and delays limited the
data capture and unclear indications time for launch prep.
comprise major hurdles in building an In addition, the company needed post-launch
analytics solution that delivers insights. analytics to assess commercial
What’s more, ZS research shows more than effectiveness—this required a long-term,
75% of firms find it difficult to develop holistic solution encompassing enterprise-
effective sales and marketing processes in level capabilities, technology, software
oncology—meaning companies that can and governance.
develop insight via analytics will have a “We had different systems for different
decided competitive advantage. things,” according to a company director.
“For each therapeutic area, there was
one place for sales data, one place for
marketing, and you had to stitch that
together for insight.”
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01-15