Personalization: New Norm for the "New Normal"
A couple of years ago, I wrote an article, “A Decade of Digital in Pharma around my journey from being a Pharma Marketer to Marketer in the Digital Age. Having worked with different organizations in transformation roles, I shared my experience of building capabilities and experimenting with non-conventional models to engage digital native customers. Back then, we were building some use cases on how Digital could act as a growth lever for the organizations and remain a sustainable future model.
Covid’19 just shook the system and accelerated the digital journey across the sectors. Each day of the pandemic bringing dramatic changes in customer needs and behaviors. Industry reports and predictions from just a month ago are already stale. The race to understand digital among Pharma marketers was right at the center during the initial months of the pandemic last year. I spoke on several forums around remote engagement, and some great learning platforms were introduced by thought leaders & service providers in this space. Indeed, all pharma marketers scored high on agility, finding better ways to get product messages to their target audiences, and embracing new ways of working. While many aspects of in-person execution were disrupted, which pharma is highly dependent upon, most organizations just digitized all these interactions. Rep-visits were replaced with Phone Calls, Instant Messaging, Mass Emails or Rep-triggered emails, etc., and all knowledge dissemination forums like Congresses or Doctor Meetings were quickly replaced by Virtual one-to-one or one-to-many Meetings.
In the last year, pharma leveraged technology and data to engage physicians like never, and these initiatives helped most brands maintain access during these unprecedented times. However, physicians have now started voicing concerns with some of the channels that pharma banked upon. The ad-hoc engagement started threatening the relationships brands worked so hard to secure over the years. While many of the leaders are attributing this threat to the effectiveness of digital channels, I believe it’s not about the effectiveness of the channels but siloed use of the channels. Random acts of digital, siloed execution or haphazard efforts at omnichannel can destroy brand engagement value.?Therefore, it’s essential to let the strategic ambition and aspirational experience determine the omnichannel strategy. With so many organizations aim to engage Physicians digitally, it’s an overwhelming experience for the Physician; thus, the new environment, so to say “new normal,” calls for a smarter messaging and personalization approach.
Pharma cannot continue with “one-size-fits-all” approach; if brands must break the clutter, they need to understand what customer wants and when, and build a personalized experience for the physicians. However, “Personalization” is one of the most overused words in the digital advertising world and off-late in digital native pharma companies. Considering personalization in advertising has made giant leaps, keeping up has proved challenging across sectors. In other industries, the savviest brands drive personalization well and have moved closer to one-on-one engagement powered by analytics and machine learning. With the amount of data we collect, there’s no limit to what we can achieve with that data. To win the engagement battle in today’s digital age, brands need to start making sense of customer data we have been collecting for ages. Smart targeting starts with data. For eCommerce giants like Amazon or Flipkart, it’s like browsing history. When Amazon visitors view an item, they are targeted with suggestions for other purchases. The experience is powered by user data fed into an algorithm, which promptly surfaces the “relevant” products. In every organization’s digital roadmap, Data-Driven Marketing is one of the key priorities to deliver a personalized experience to our customers. But It’s easier said than done.
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Perhaps let’s take a step back and define “What is Personalization?” In the advertising world, personalization refers to the hyper-targeted, individualized, One-to-One messaging made possible by collecting and applying data. When I think of Pharma Selling Model, we have the most personalized channel available on the ground, yet we haven’t successfully delivered exceptional experiences to our customers. Our aim should be to deliver consistently tailored interactions across channels (including face-to-face and digital) and do so continuously and at scale. Achieving personalization takes significantly enhanced data-management capabilities and process integration. While many pharma companies have taken some steps however basis on my experience, here are some of the areas we need to plug to drive personalization at scale:
As personalization becomes the cornerstone of digital strategy, marketing leaders need to revisit team structures and operational workflows. Tailoring experiences at an individual level involves a lot of moving parts and implementations, which are beyond technology or channels. Personalization thrives on getting the little things right. I often use the phrase “Personalization is an Art, driven by Science,” To get it right, you need to get into an endless loop of the test, measure, refine, and then measure again. Digital reinvention will help pharma deliver a high-quality and personalized experience to the customers and improve business performance and build resilience against future disruptions.
Experienced and Result-Driven Pharma Sales and Marketing Professional with Proven Expertise in Oncology: Strategic Go-To-Market Strategy, Dynamic Execution, Innovative New Launches, and P&L Management
3 年Very nicely alluded , however the basic building blocks , (DATA) , how does Pharma ensure that right data sets are identified, collected, analysed, and executed via human interference of Rep. Most of the leadership vows for hybrid model. Can you share any anology of hybrid model succes across any industry for INDIA market
Lead Business Analyst- Customer Loyalty| Digital and Technology
3 年Nice write up Gurpinder Singh. May I suggest a complimentary angle : and that is bolstering personalisation in pharma using electronic health records (countries worldwide are gaining in adoption of this feature), especially for medications which has a large digitised data set. The legal constraints around this will however be non-trivial. The payoff will be large, but the barriers to entry will also be substantial.
Investor I Pharmaceutical Business Growth Partner I Digital Innovator I Health-Tech Founder I Healthcare Digital Transformation Strategist I Pharma Phygital Specialist | Healthcare's first MarTech company
3 年Can't agree more. Very apt and well written. We are witnessing an upward trend in personalized communication in recent times and seeing wery well response also from the end user.
Senior Manager - Global Accounts at Indegene I Digital Strategy I Omni-channel Operations I Life Sciences
3 年Superb and So well compiled!! You have always proved that we can do a lot in pharma digital inspite of the “limitations”...So much to learn from you ??
Expanding health education access at docfliq ∣ Senior healthcare leader with proven track record in Pharma, Start-ups & Hospitals in India ∣ Guest speaker & Mentor∣
3 年Wonderfully dissected. The challenge remains of data integration and action based on the data. Are Leaders ready to stick out their neck ? That's the moot question.