CIOReview CIOReview
Women In Tech Review
  • Home
  • Technology
    • Agile
    • Artificial Intelligence
    • Audiovisual
    • Augmented & Virtual Reality
    • Big Data
    • BlockChain
    • Business Intelligence
    • BYOD
    • Cloud
    • Cognitive
    • Content Delivery Network
    • Data Analytics
    • Data Integration
    • Data Visualization
    • DevOps
    • Digital Accessibility
    • Digital Transformation
    • Digital Twin
    • Drone
    • Enterprise Architecture
    • FinTech
    • Gaming Tech
    • High Performance Computing
    • Internet Of Things
    • Machine Vision
    • Mainframe
    • Mobile
    • Networking
    • Predictive Analytics
    • Quantum Computing
    • Remote Work Tech
    • Robotics
    • RPA
    • SDN
    • Security
    • Simulation
    • Smart City
    • Software Testing
    • Storage
    • Video Surveillance
    • Virtualization
    • Web Development
    • Wireless
    • Women in Tech
  • Industry
    • Ad Agencies
    • Aerospace
    • Africa
    • Agtech
    • Automotive
    • Aviation
    • Banking & Insurance
    • Biotech
    • Canada
    • Capital Markets
    • Casino
    • Chemical & Allied
    • Construction
    • Consumer Packaged Goods
    • Contact Center
    • Defense
    • E-Commerce
    • Education
    • Energy
    • Food
    • Healthcare
    • Latin America
    • Law Enforcement
    • Legal
    • Logistics
    • Manufacturing
    • Marine
    • Media & Entertainment
    • Metals & Mining
    • Naval Tech
    • Non Profit Technology
    • Oil & Gas
    • Pharma & life sciences
    • Proptech
    • Public Sector
    • Retail
    • Sports
    • Startups
    • Telecom
    • Textile & Apparel
    • Travel & hospitality
    • UAE
    • Utilities
  • Platforms
    • Adobe
    • Amazon
    • Cisco
    • Dassault Systemes
    • Dell
    • Google
    • HPE
    • HubSpot
    • IBM
    • Infor
    • Magento
    • Microsoft
    • NetApp
    • NetSuite
    • Oracle
    • Red Hat
    • Sage
    • Salesforce
    • SAP
    • SAS
    • VMware
  • Functions
    • Compliance
    • Contract Management
    • Corporate Finance
    • Environmental Health And Safety
    • GDPR
    • Human Resource
    • Marketing
    • Procurement
    • Sales Tech
    • Supply Chain
  • Conferences
  • About Us
Go to...

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    • Home
    • Conversational

    Put Your Frontline Teams In the Driving Seat Through A Personalized, Customer-Centric Approach

    By Tatiana Sorokina, Solutions Director, Data Science & Artificial Intelligence, DSAI Innovation Execution, Novartis

    Join With Our Contributor Network

    On progress..
    Success! Thanks For Joining With Our Contributor Network.
    You Have Already Joined With Our Contributor Network
    Sorry! Something went wrong. Please try again.
    Put

    Tatiana Sorokina, Solutions Director, Data Science & Artificial Intelligence, DSAI Innovation Execution, Novartis

    In the age of digital transformation and the COVID-19 induced acceleration of online customer interactions, sales forces remain one of the biggest commercial expenses for the pharmaceutical industry. Every year, pharma companies spend $10B to $15B on salesforce in the US alone. This fact shouldn’t be surprising considering that “personal selling” could contribute up to 20% of incremental drug revenue. But from a brand marketing standpoint, a sales force is an expensive channel which is hard to optimize because sales reps are usually employees of the company and can’t be turned on and off like an email campaign.

    "Year over year, pharma companies continue to shed their field force headcount while struggling to replace it with automated nonpersonal engagement with the customer"

    Over the last ten years, pharma brand teams have been experimenting with various digital channels, attempting to get closer to an omnichannel approach to outbound marketing. Omnichannel promotion is important not just to reach physicians with more than one medium, but it can also decrease the reliance on sales force resources and sustain or expand sales margins. As a result, the number of total sales reps has declined over the years, but the overall marketing effectiveness hasn’t improved as much as the industry had hoped it would. Year over year, pharma companies continue to shed their field force headcount while struggling to replace it with automated non-personal engagement with the customer.

    Moving from selling to building relationships

    Coming to pharma from a B2B healthcare technology background, I have always struggled to see a sales rep as one of the marketing channels. To me, a marketing channel is an email, a text message, a mobile app or a TV commercial. In the B2B world, sales and account teams are viewed as strategic partners who don’t just sell a product, but offer a solution to a customer’s pain point. I always liked to imagine pharma’s commercial, medical, and patient account experts forming a dream team to build a kind of relationship with a physician that addresses her needs holistically, from learning about new clinical trials happening in her therapeutic area, to choosing the right treatment regimen for her new patient, to dealing with insurance companies and streamlining patient approval for a prescribed drug.

    It has been very encouraging to see new initiatives happening in non-pharma industries that get us closer to this new model. Imagine customer account teams operating as mini-businesses that are held accountable for the revenue they bring to the HQ. At the same time, they are provided with the full suite of digital tools to manage their sales pipeline, address customers’ ongoing challenges and communicate with them. This is where digital transformation powered by AI becomes key to the success of this new business operation.

    A new augmented intelligence approach

    If your brand has 30 sales reps, 10 medical science liaisons (MSLs) and 5 patient support liaisons (PSLs) and they operate as individual mini-businesses, you’re looking at a model where you are responsible for orchestrating daily activities of about 150 teams consisting of customer facing experts who often don’t interact on a daily basis and sometimes are not even aware they need to work together. This is where digital technology and AI come into play. Through an integrated and seamless CRM interface powered by hyper personalized algorithms, a sales rep, an MSL or a PSL can see which physician accounts they need to attend to and for what reason. The AI identifies specific customer pain points, suggests the best intervention and the team acts on it.

    If a clinical study has just come out and it’s important to increase awareness of new data, an MSL can make the first visit to the doctor and tell her about the results of a trial. AI then assigns the next steps to the sales rep covering the same account based on the outcomes of a medical discussion and anticipated needs from the physician. A recent HBR article authored by a famous chess grandmaster Garry Kasparov and a behavioral science scholar David De Cremer calls this humanmachine collaboration Augmented Intelligence.

    Because customer account teams can drive their own marketing plan, they have access to a suite of digital marketing tools with AI-driven recommendations about the next best action and automated marketing cadences that account owners can trigger. Everyone on the same account team can see what activities their customer has engaged in, in-person or virtual.

    This AI-driven customer-centric approach puts the frontline teams in a driving seat and elevates the role of sales, medical and patient support associates. It also focuses on building a trusting relationship with the customer and emphasizes supporting their needs through coordinated and optimized engagement.

    As an additional benefit, a solid strategy with the right amount of support makes each account owner less likely to leave the company because in this new model the solution is provided by the entire account team, rather than by an individual. The long term benefit of retaining key talent is undeniable.

    In the new customer-centric reality pharma industry is moving towards AI and digital technology do not replace sales, medical or patient support reps. Instead, they amplify one’s ability to build long-lasting relationships with the customer and move the conversation from selling to creating value.

    On The Deck

    • Artificial Intelligence Service

      2021-12-24

      #
    • Latin America Special

      2021-12-03

      #

    Editor's Pick

    • Technology enabling smarter location decisions
      Technology enabling smarter location decisions

      By Barrie Scardina, Head of Retail & Jim Kierski, Retail Consulting Lead, Americas, Cushman and Wakefield

    • Leveraging Technology to Streamline Energy Transition
      Leveraging Technology to Streamline Energy Transition

      By Layla El Hares – Egypt Managing Director,Siemens Energy

    • Deploying technology that creates a delightful customer experience
      Deploying technology that creates a delightful customer experience

      By Tope Sadiku, Global Head of Employee Digital Experience at The Kraft Heinz Company

    • Artificial Intellingence in HealthCare-the Holy Grail or a flash in the pan?
      Artificial Intellingence in HealthCare-the Holy Grail or a flash in the pan?

      By Shelly Nash, DO, FACOOG, ABPM-CI Senior Vice President, Chief Medical Information Officer, Fresenius Medical Care, North America

    • A retrospective analysis of COVID-19 outcomes
      A retrospective analysis of COVID-19 outcomes

      By Jayne Morgan, M.D., Clinical Director, Covid Task Force, Piedmont Healthcare, Inc.

    • How COVID-19 is Fueling Health Care Innovation
      How COVID-19 is Fueling Health Care Innovation

      By April Venable, Assistant Vice President, Population Health, Inspira Health

    • Why Your Hospital Can
      Why Your Hospital Can't Wait to Reinvent Their Construction Practices

      By Karin Henderson, Executive Director, Strategic Facility Delivery, Cone Health

    • In the Middle of the Revolution-Digitalisation In Facility Management
      In the Middle of the Revolution-Digitalisation In Facility Management

      By Sabine Beck, Head Facility Services, CSL Behring

    • Fostering in a New Era in Proptech with Digitization
      Fostering in a New Era in Proptech with Digitization

      By Carolina Wachtmeister, Head of Digital Transformation and Service Development,Newsec

    • Intelligent Automation - A steady metamorphosis of traditional businesses
      Intelligent Automation - A steady metamorphosis of traditional businesses

      By Shilpa Yelamaneni, Director, Data Science and Advanced Analytics, Ecolab

    Copyright © 2022 CIOReview. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy       |       Disclaimer