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Management / Strategy

Evaluating Business Intelligence Opportunities in the Pharmaceutical Industry (Strategy Focus)


Publication Date   June 2007
Publisher   Datamonitor
Product Type   Brief
Pages   16
ISBN Number   not applicable
Product Code   DAT738
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Price £1,000.00

approximately: $1,980 | €1,271

Summary


Introduction

As market pressures demand increased innovation and shorter time-to-market product lifecycles, pharmaceutical companies are evaluating alternative business models, focusing on technologies such as business intelligence (BI) tools -for translational medicine.

Scope

  • Examines essential ingredients of sales strategies for BI vendors serving the pharmaceutical industry
  • Identifies strategies vendors should use to develop more effective relationships and drive solution sales
  • Offers profiles of leading vendors selling BI tools to the Big Pharma and Biotech market

Highlights

Market factors are driving adoption of translational research and specifically BI solutions

BI opportunities exist at several levels within the pharmaceutical market

BI vendors with high market readiness will realize the most success in the pharmaceutical industry

Reasons to Purchase

  • Understand how to evaluate market opportunities for BI solutions in the pharmaceutical market
  • Discover new ways to leverage relationships as a tool to drive market penetration
  • Gain insight into Datamonitor's perspective on what makes a vendor successful

Content


    • Market Factors Are Driving Adoption Of Translational Medicine And Specifically Bi Solutions
    • External Pressures Are Driving Pharmaceutical Companies To Embrace Translational Research
    • Both Cultural And Technology Barriers Slow The Progress Of Translational Medicine
    • Bi Opportunities Exist At Several Levels Within The Pharmaceutical Market
    • Enterprise-Class Bi Solutions Have The Power To Evolve With An Organization's Changing Business Needs
    • Bi Spending By End-User Group In Big Pharma And Biotech Differs Significantly
    • The Industry Requires Vendors With High "Market Readiness" In Translational Medicine
    • Market Sizing Information Is Necessary But Insufficient For Identifying Which Sector To Target
    • Vendors Should Consider Four Criteria When Evaluating Market Opportunities
    • Market Presence Influences Client Perception About A Bi Solution And Its Vendor
    • Industry-Specific Solutions Reflect Domain Expertise
    • A Sales Force With Industry Experience Will Resonate With Pharmaceutical Clients
    • Partnerships With Niche Vendors Or Academic Medical Centers (Amcs) Build Credibility
    • Bi Vendors With High Market Readiness Will Realize The Most Success In The Pharmaceutical Industry
    • A Number Of Vendors Have Implemented Successful Strategies For Bi In Pharmaceuticals
    • Genstruct
    • Genologics Life Sciences Software Inc. (Genologics)
    • Oracle
    • Sas
  • Actions
    • Bi Solutions For Biotech And Big Pharma Are Not "One Size Fits...Both"
    • Approach An Attaractive Opportunity Through The Market-Readiness Lens
    • Partner With Innovators
  • Appendix
    • Definitions
    • Abbreviations
    • Further Reading
    • Datamonitor Technology Consultancy
    • Ask The Analyst
  • List Of Figures
    • Figure 1: The Big Pharma Sector Is The Largest Market Opportunity In Bi Solutions ($ Spent)
    • Figure 2: Bi Spending By Technology (Services Vs. Software) 2006-2012
    • Figure 3: Big Pharma Will Spend More On Bi Tools For Clinical And Sales & Marketing Application Than Biotech
    • Figure 4: A Framework For Evaluating Bi Market Opportunities In The Pharmaceutical Industry
    • Figure 5: Both Horizontal And Niche Vendors Offer Valuable Bi Solutions For Translational Medicine