By leveraging advanced algorithms and machine learning, pharmaceutical companies can create personalized promotional content designed to resonate with healthcare professionals (HCPs) and patients, ultimately driving better engagement and prescription rates.
According to a recent study, only 35% of HCPs feel that pharmaceutical companies' customer-facing resources effectively meet their needs. Additionally, 80% of life science executives report that their omnichannel efforts have had little to no impact on customer engagement. However, with the implementation of generative AI (genAI), companies may be able to bridge this gap and create more effective promotional strategies.
A key thrust involves customizing the content supply chain.
"By helping our clients understand their customers better,” noted David Laros, Partner, Beghou Consulting, “then together we can take that understanding of the customer to make engagement not just more frequent, but better and more curated."
Laros described how one pharmaceutical client successfully harnessed the power of generative AI to transform its approach to customized promotion. By deploying content tagging and machine learning algorithms, the company increased its tagging by 60-fold and achieved a 94% accuracy rate in its models.
This enabled the manufacturer to better understand customer preferences and create more targeted marketing content, resulting in a three-fold increase in acceptance of alerts and suggestions. As the company continues its journey, it aims to achieve a 60% increase in engagement and a 3%-6% lift in prescription rates, Laros reported.
Cross-functional collaboration—including among the sales, marketing and analytics teams—was key to the drugmaker’s ability to create a cohesive and effective promotional strategy.
"It's incredibly important to keep the end user in mind, to collaborate, bring them up-front," Laros explained. "It's people, process and technology.”
This approach has not only improved content management and personalization but also resulted in significant cost savings, he added. Moreover, genAI has also enabled the company to map its key messages to its collateral, identifying mismatches and areas for improvement. By leveraging large language models (LLMs) and large reasoning models (LRMs), clients can understand the prominence and frequency of their messages, allowing for more targeted and effective communication.
As Laros noted, "We took the data, cleaned it and did prompt-sharing to build confidence through an LLM. That allowed us to understand which of their messages are in each one of the collateral pieces within their content blocks."
This case study demonstrates how prioritizing customer-centricity, collaboration and data-driven decision-making can help companies unlock the full potential of AI and optimize their pharma marketing activities.
Key takeaways:
1. GenAI can enhance pharmaceutical marketing: By leveraging advanced technologies, companies can create personalized promotional content that drives engagement and improved health outcomes.
2. Understanding customer preferences is critical: Companies must prioritize customer-centricity and create targeted content that meets the needs of HCPs and patients.
3. Collaboration is key: Cross-functional teams—including sales, marketing and analytics—must work together to create effective marketing strategies.
4. GenAI can drive significant cost savings: By improving content management and personalization, companies can reduce costs and improve efficiency.
5. Measuring success is essential: Companies must track and measure the effectiveness of their promotional strategies, using data and analytics to inform future decisions.
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