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Multichannel Maturometer Snapshot: Digital Transformation webinar

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Multichannel Maturometer Snapshot: Digital Transformation webinar

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Across Health has run the Multichannel Maturometer for a decade – and has tracked the importance of digital in the life science’s commercial mix, and are recognised as an industry-leading barometer of how things are changing.

But these changes are happening ever faster.

To keep up with one of the most dynamic areas of one of the most innovative industries in the world – we had to up the tempo. We’ve launched the snapshot – to take the temperature of the industry more often.

In this first Maturometer Snapshot we zoom in on the key components and bottlenecks of a digital transformation and how these are shifting throughout the lifecycle of a transformation programme.

Across Health has run the Multichannel Maturometer for a decade – and has tracked the importance of digital in the life science’s commercial mix, and are recognised as an industry-leading barometer of how things are changing.

But these changes are happening ever faster.

To keep up with one of the most dynamic areas of one of the most innovative industries in the world – we had to up the tempo. We’ve launched the snapshot – to take the temperature of the industry more often.

In this first Maturometer Snapshot we zoom in on the key components and bottlenecks of a digital transformation and how these are shifting throughout the lifecycle of a transformation programme.

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Multichannel Maturometer Snapshot: Digital Transformation webinar

  1. 1. 23/04/2019Proprietary and Confidential Information© Across Health1 MTM Snapshot: webinar on digital transformation April 16, 2019
  2. 2. 23/04/2019Proprietary and Confidential Information© Across Health2 Across Health is a pragmatic, end-to-end boutique consultancy and trusted advisor to senior leaders of innovative multinational healthcare organizations. With a focus on customer engagement in the digital age, we partner with our clients to design, develop, execute and measure pragmatic, evidence- based omnichannel customer engagement strategies and companywide digital innovation and transformation programmes – for the short, medium and long term.
  3. 3. 23/04/2019Proprietary and Confidential Information© Across Health3 Our 4i methodology: a virtuous cycle of strategy & execution STRATEGIC width TACTICAL depth
  4. 4. 23/04/2019Proprietary and Confidential Information© Across Health4 Across Health is taking the pulse of the industry… …annually and quarterly • Annual digital maturity survey • N = 250+ • Coming up in April for the 11th time • Slideshare.net/acrosshealth (2018) • Can be run internally too • Quarterly minisurvey on 1 topic • N = 50+ • Fielding & reporting in < month • First topic: Digital transformation
  5. 5. 23/04/2019Proprietary and Confidential Information© Across Health5 Technology is eating every industry… How about healthcare?
  6. 6. 23/04/2019Proprietary and Confidential Information© Across Health6 Big tech is eyeing healthcare now as well… “The healthcare system is complex and the companies are entering “into this challenge open-eyed about the degree of difficulty.” Jeff Bezos 2018
  7. 7. 23/04/2019Proprietary and Confidential Information© Across Health7
  8. 8. 23/04/2019Proprietary and Confidential Information© Across Health8 So, what is “digital transformation” (DT), really? “Digital business transformation is the process of exploiting digital technologies and supporting capabilities to create a robust new digital business model” Gartner 2019
  9. 9. 23/04/2019Proprietary and Confidential Information© Across Health9 The 2018 view on DT for Life Sciences (Across Health Maturometer) How would you rate the pace of implementation of digital transformation in your organization? n=113 (Global/Regional); n= 114 (National/Local) 3% 2% 15% 18% 32% 21% 44% 50% 6% 9% National/Local Global/Regional Very fast Fast About right Slow Very Slow 50%
  10. 10. 23/04/2019Proprietary and Confidential Information© Across Health10 But something’s moving: in 2018, digital MARKETING budgets exceeded 20% of total spend for the first time n for 2018= 73 European Scope If you oversee a product or marketing budget, which percentage of MARKETING budget is allocated to digital initiatives THIS YEAR? 14.8% 16.0% 15.6% 15.1% 15.7% 18.9% 21.5% 08% 10% 12% 14% 16% 18% 20% 22% 24% 2012 2013 2014 2015 2016 2017 2018
  11. 11. 23/04/2019Proprietary and Confidential Information© Across Health11 The first swallows of (digital) spring?
  12. 12. 23/04/2019Proprietary and Confidential Information© Across Health12 Let’s find out…through the first-ever MTM Snapshot on this topic March 2019
  13. 13. 23/04/2019Proprietary and Confidential Information© Across Health13 The respondents: most are digital/multichannel and marketing n= 57 Your function
  14. 14. 23/04/2019Proprietary and Confidential Information© Across Health14 About 50% have been engaged in a digital transformation programme for >1 year n= 57 Is your company currently engaged in a digital transformation programme?
  15. 15. 23/04/2019Proprietary and Confidential Information© Across Health15 The good news – there is a virtuous cycle!
  16. 16. 23/04/2019Proprietary and Confidential Information© Across Health16 > 1 year n= 27 6-12 months n=19 < 6 months n=11 The longer a digital transformation programme is running, the greater the impact Impact: Segmented by stage 50%
  17. 17. 23/04/2019Proprietary and Confidential Information© Across Health17 Those who have had a digital transformation process running for >1 year are substantially more satisfied > 1 year n= 27 6-12 months n=19 < 6 months n=11 Satisfaction: Segmented by stage 50%
  18. 18. 23/04/2019Proprietary and Confidential Information© Across Health18 What should be key components of digital transformation?
  19. 19. 23/04/2019Proprietary and Confidential Information© Across Health19 A comprehensive view on successful change…long before “digital transformation” became mainstream (Gleicher)
  20. 20. 23/04/2019Proprietary and Confidential Information© Across Health20 Quick poll 1 • What is the most important component of a transformation strategy? • As-is assessment (internal & external) • Capabilities • Change management • KPIs/dashboards • Technology • Business case development • Other
  21. 21. 23/04/2019Proprietary and Confidential Information© Across Health21 Technology and change management become less important over time, while processes and KPIs gain importance. Capabilities is rated consistently in the top 2 > 1 year n= 27 6-12 months n=19 < 6 months n=11 Components of digital transformation: Segmented by stage
  22. 22. 23/04/2019Proprietary and Confidential Information© Across Health22 And what are the bottlenecks?
  23. 23. 23/04/2019Proprietary and Confidential Information© Across Health23 Quick poll 2 • What is the most important BOTTLENECK of a transformation strategy? • Skill gap • Lack of internal engagement • No clear ambition or roadmap • Fragmented or duplicate efforts • No technical platform • Lack of board support
  24. 24. 23/04/2019Proprietary and Confidential Information© Across Health24 Skills gap and lack of internal engagement are consistently the top bottlenecks > 1 year n= 27 6-12 months n=19 < 6 months n=11 Components of digital transformation: Segmented by stage
  25. 25. 23/04/2019Proprietary and Confidential Information© Across Health25
  26. 26. 23/04/2019Proprietary and Confidential Information© Across Health26 A comprehensive digital strategy is by definition “dual” and should cover both “digitizing the core” (omnichannel) and “innovation” (digital health) Digitizing the core Developing innovative digital health business models +DIGITAL TRANSFORMATION =
  27. 27. 23/04/2019Proprietary and Confidential Information© Across Health27 Checklist for a successful digital transformation strategy 8 features of a balanced digital strategy (Bain 2017): 1 NOT…Planning to plan “heavy on enablers, unclear business value” 2 NOT…Pure experimentation “heavy on business apps, lacking enablers to scale” 3 NOT…Blind spots “underinvestment in certain areas” 4 NOT…Scattershot “lots of small investments with no coherent strategy” 5 NOT…Nearsighted “investments weighted to the short term” 6 NOT…Farsighted “investments weighted to the long term” 7 NOT…Big brother “excessive centralization, lack of business ownership” 8 NOT…Islands “high decentralization, duplication of investments”
  28. 28. 23/04/2019Proprietary and Confidential Information© Across Health28 Does pharma know what ’good’ looks like ?
  29. 29. 23/04/2019Proprietary and Confidential Information© Across Health29 A unique mix of online & offline capability building blocks, including elearning, workshops & serious game Run your own internal as-is assessment and benchmark with the industry average & leaders Industry-leading primary research into channel, content, context and competition trends – for HCPs, patients and payers Some of our building blocks to accelerate DT @ your company https://www.across.health/offerings
  30. 30. 23/04/2019Proprietary and Confidential Information© Across Health30 Thanks a lot!

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