Closed-loop Marketing AnalyticsThe 62.5% Question
Analytics Defined:Analytics leverage data in a particular functional process (or application) to enable context-specific insight that is actionable.Source: Gartner
Closed-loop Marketing Analytics Defined: Day-to-day ImpactHolistic Analytics = Describe what is going on?+Explain why is it going on?+Establishobjective metrics
Closed-loop Marketing Defined:Driving Evidence-based Decision-makingClosed-loop Marketing (CLM) refers to a business process where physician behaviour and physician attitudes are captured, analyzedand integratedinto the sales & marketing process.
Analytics: The “Holy Grail” of Closed-loop MarketingQuantifiably proving the financial / prescribing impact of Closed-loop Marketing
Traditional Closed-loop Marketing Metrics:Subjective / No Quantifiable Impact More effective customer interactions.
Reduce cost and add flexibility over paper based detail aids and reprints .
Lower administrative cost and better data with automated call capture.
Minimize Compliance Risk by taking control of your content.
Increase in Physician commitment to the brandTraditional Closed-loop Marketing Metrics:Subjective / No Quantifiable Impact Rep credibility increased
Physician Preference for tablet detailing
Ease of call reporting
Enabled longer calls
Impact versus a paper-based detail
Easier for Rep to handle physician objections
Usage by repsWhy 62.5%?Closed-loop Marketing is  62.5% analyticsThe remaining 37.5% is driven by analytics25%25%12.5%
Why 62.5%?Step #1: Analysis of Data RequiredLearn from campaign experience by measuring campaign results and automatically feeding that intelligence back into the system to fine-tune future campaigns
Why 62.5%?Step #2: Analysis of Data RequiredPlan the most effective marketing campaign offers and strategies.
Why 62.5%?Step #3: Analysis of Data RequiredTarget campaign activities to tightly defined market segments with high propensities (probability) to prescribe.
Why 62.5%?Step #4: Captured Required DataAct on those plans by Delivering promotional activity and support programs that are in sync with defined business opportunities & capture the dynamics of the interaction for later analysis.DeliverCapture
Why 62.5%?In SummaryAnalytics represent the bedrock of Closed-loop Marketing – the core process or supporting the core process
In Summary: Closed-loop Marketing Vendors & AnalyticsThe 12.5% solutionSole focus of CLM is currently on tablet based detailing (the ACT phase)
Closed-loop Marketing AnalyticsEstablishing an Operational Framework
Closed-loop Marketing Analytics:Key Quantifiable DeliverablesIncrease brand revenues
Build business case for Closed-loop Marketing
Deliver true ROI from CLM investment
Recognize the customer base as a manageable financial asset

Closed-loop Marketing Analytics

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    Analytics Defined:Analytics leveragedata in a particular functional process (or application) to enable context-specific insight that is actionable.Source: Gartner
  • 3.
    Closed-loop Marketing AnalyticsDefined: Day-to-day ImpactHolistic Analytics = Describe what is going on?+Explain why is it going on?+Establishobjective metrics
  • 4.
    Closed-loop Marketing Defined:DrivingEvidence-based Decision-makingClosed-loop Marketing (CLM) refers to a business process where physician behaviour and physician attitudes are captured, analyzedand integratedinto the sales & marketing process.
  • 5.
    Analytics: The “HolyGrail” of Closed-loop MarketingQuantifiably proving the financial / prescribing impact of Closed-loop Marketing
  • 6.
    Traditional Closed-loop MarketingMetrics:Subjective / No Quantifiable Impact More effective customer interactions.
  • 7.
    Reduce cost andadd flexibility over paper based detail aids and reprints .
  • 8.
    Lower administrative costand better data with automated call capture.
  • 9.
    Minimize Compliance Riskby taking control of your content.
  • 10.
    Increase in Physiciancommitment to the brandTraditional Closed-loop Marketing Metrics:Subjective / No Quantifiable Impact Rep credibility increased
  • 11.
    Physician Preference fortablet detailing
  • 12.
    Ease of callreporting
  • 13.
  • 14.
    Impact versus apaper-based detail
  • 15.
    Easier for Repto handle physician objections
  • 16.
    Usage by repsWhy62.5%?Closed-loop Marketing is 62.5% analyticsThe remaining 37.5% is driven by analytics25%25%12.5%
  • 17.
    Why 62.5%?Step #1:Analysis of Data RequiredLearn from campaign experience by measuring campaign results and automatically feeding that intelligence back into the system to fine-tune future campaigns
  • 18.
    Why 62.5%?Step #2:Analysis of Data RequiredPlan the most effective marketing campaign offers and strategies.
  • 19.
    Why 62.5%?Step #3:Analysis of Data RequiredTarget campaign activities to tightly defined market segments with high propensities (probability) to prescribe.
  • 20.
    Why 62.5%?Step #4:Captured Required DataAct on those plans by Delivering promotional activity and support programs that are in sync with defined business opportunities & capture the dynamics of the interaction for later analysis.DeliverCapture
  • 21.
    Why 62.5%?In SummaryAnalyticsrepresent the bedrock of Closed-loop Marketing – the core process or supporting the core process
  • 22.
    In Summary: Closed-loopMarketing Vendors & AnalyticsThe 12.5% solutionSole focus of CLM is currently on tablet based detailing (the ACT phase)
  • 23.
  • 24.
    Closed-loop Marketing Analytics:KeyQuantifiable DeliverablesIncrease brand revenues
  • 25.
    Build business casefor Closed-loop Marketing
  • 26.
    Deliver true ROIfrom CLM investment
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    Recognize the customerbase as a manageable financial asset
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    Improve operational efficiencyon key revenue generating metricsThe Power of Closed-loop Marketing Analytics:Traditional “Analytics” / ReportingAggregate ReportClosed-loop Marketing AnalyticsFrom Rx Pad Back to Aggregate
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    The Power ofClosed-loop Marketing Analytics:Drilling DownCorporateBusiness UnitBrandRegionTerritoryCustomer SegmentIndividual CustomerBusiness UnitHIV/AIDSBusiness RegionNortheastTerritoryXXXXCustomer Segment(s)Growth Segment(Dr. Dan Bowers)
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    Closed-loop Marketing Analytics:KeyOperational (sales/marketing) QuestionsImpact on BusinessKey QuestionDefines the opportunity dynamics of the business relationshipWhere are we?Objectively describes the state of the business relationshipWhere are we going?Objectively measures the impact of promotional activityHow do we get there?Establishes an objective customer development milestoneWhat’s our progress?Objectively calculates customer profitability in terms of the protracted Pharma selling process Are we making any money?
  • 31.
    Closed-loop Marketing Analytics:Tracking– Financial ImpactUnrealized RevenueWhat is going on?7 performance metrics impacted by Closed-loop MarketingEqual to ~10-30% of revenueSub Optimal SpendingWhy its going on?8 metrics that impact the Performance MetricsEqual to ~12-15% of revenue
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    Closed-loop Marketing Analytics:PerformanceMetrics Impacted by Closed-loop MarketingExample - Metric #1: Basic functionality of a Closed-loop Marketing system:Brand Opportunity and Promotional Activity in synchronization.Sales Issues - AnalyzedIf the message delivered is in synch with the immediate brand opportunity: - relevancy to the physician - relevancy to the brand
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    Closed-loop Marketing Analytics:PerformanceMetrics Impacted by Closed-loop MarketingExample - Metric #1: Basic functionality of a Closed-loop Marketing system:Brand Opportunity and Promotional Activity in synchronization.Marketing Issues - AnalyzedSupport programs/materials are in sync with Primary business opportunity - relevancy to the physician - relevancy to the brand - relevancy to the sales force
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    Performance Metrics Impactedby Closed-loop Marketing:Brand Opportunity and Promotional Activity in SynchUtilize a Sales Continuum to define physician position.ValueGrowth ThresholdAcquisition ThresholdTimeDefinable: Opportunities / Objectives / Customer Issues / Promotional Strategies / Promotional Tactics / Promotional Channels / Contact Frequency
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    Performance Metrics Impactedby Closed-loop Marketing:Brand Opportunity and Promotional Activity in SynchA CLM system with a robust analytical capability would answer:
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    % of callsnot in synch
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    Impact on NRxs/ customer share
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    Impact on Revenue– unrealized revenue
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    % of CMEevent non-target audience members
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    Promotional materials utilizedagainst defined opportunityClosed-loop Marketing Analytics:Does Your CLM System Deliver Analytical Functionality
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    Closed-loop Marketing Analytics:HolisticAnalytical SolutionProductClosed-loop Marketing Application“Is my Closed-loop Marketing program impacting performance?”Analytical Tools“Is my Closed-loop Marketing program increasing sales?”“Is the Closed-loop Marketing system defining the right strategy being employed?”“Does my Closed-loop Marketing system need to automate the opportunity definition process?”“Is the messaging delivered by the Closed-loop Marketing system in sync with the opportunity profile of the physician?”“How does my Closed-loop Marketing system track campaign effectiveness in near real-time for our new product?”Analytical/Solution Tools“Is the surveying functionality of my Closed-loop Marketing system capturing data / information that will impact promotion?”“Is my brand strategy a barrier to maximizing revenues?”
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    David Delong, ChiefCustomer EvangelistThe Customer Management Group(800)-477-0907ddelong@cmg-pharma.comQUESTIONS