Describe your company 's position within the pillars of analytics competition?
It is not clear to me that Sanofi currently has a unique ‘Distinctive Analytics Capability’ in that there are other bigger pharmaceutical companies that are investing heavily in data analytics as well.
Regarding Enterprise-wide analytics, Sanofi has performed well. In the five years I have been with Sanofi, the company has invested in Business Objects, SAP, Cognizant, WorkDay and other data bases to increase data workflow efficiency across departments as well as facilitate standardized data collection and reporting, ultimately to enable effective strategic decision making.
Regarding Senior Management Commitment, I believe the culture over the last few
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I do believe that only up until the last few years Sanofi was in Stage II (Davenport and Harris, 2007), where analytics was localized, in that it was utilized primarily in Research and Development and a scant few other departments. Most of the business units were managed more on intuition than on rigorous data collection and analysis.
It seems to me that Sanofi has shifted in recent years to Stage III (Davenport and Harris, 2007), whereby they have recently begun to integrate data and analytics.
I believe that Sanofi is on path to someday be thought of as a top tier analytical company (Davenport and Harris, 2007), where they will be able to differentiate and innovate based upon a strong analytical capability.
With continued systems investment and development of analytical expertise, perhaps in 5-10 years Sanofi will be an Analytical competitor (Davenport and Harris, 2007) where analytics drives performance and enhances value creation.
How does your company create competitive advantage with analytics?
I would argue that the competitive advantage that Sanofi is seeking is very much a work in progress.
Given that diabetes is ranked as the 7th leading cause of death in the United States (U.S.) and given that total diabetes costs were over $245B in the US in 2012 (American Diabetes Association, 2013) Sanofi is investing heavily into analytics to understand the disease
Big Data can help in a range of steps included in clinical trials such as patient profiling so as to identify the right candidates through analytics of demographic information and historical data, assessing medication availability, surveying past clinical trial events, intervention for appropriate drug dosage, and remote patient monitoring. Moreover, it helps recognize the possible adverse and undesirable effects of a new drug even before they are
How to Compete on Analytics Thomas Davenport describes the prerequisites and the five stages of analytic competitiveness By Alison Bolen Thomas Davenport's article "Competing on Analytics" was the best‐selling Harvard Business Review reprint in 2006. To write it, Davenport,The President's Distinguished Professor in Management and Information Technology at Babson College, studied the characteristics of more than 50 leading organizations that have made a commitment to quantitative, fact‐based analysis. Why is the January 2006 Harvard Business Review article so popular? We recently asked the author and educator that question and discussed further insights from his research that will be detailed in his new book, Competing
Mayo Medical Laboratories is well positioned for competition using analytics in the current market as they utilize collected
The industry leaders, CVS, McKession and Unitedhealth Group, each gross over $100 billion dollars a year and rank under 15 in the Fortune 500. These companies are constantly growing, advancing and competing to discover and patent new drugs and technology. New entrants to the market would face a significant competitive disadvantage. Threat of New Entry From both the service and product perspective the barriers to entry are relatively strong.
In Competing on Analytics by Thomas Davenport and Jeanne Harris, the pillars of analytic completion are stated as: “(1) analytics supported a strategic, distinctive capability; (2) the approach to and management of analytics was enterprise-wide; (3) senior management was committed to the use of analytics; and (4) the company made a significant strategic bet on analytics-based competition” (Davenport & Harris, 2007, pp. 511-512) . This section will describe Aramark’s position within these pillars.
The software, hardware, and computing equipment used to manage CDER’s drug related information is not without cost. With our help, CDER develops the business case, the funding profile, and the performance measures that Congress will used to judge the effectiveness of CDER’s IT spending. Before Vergys provided support to FDA, CDER was barely reporting 60% of its IT expenditures – with some systems not being accounted for properly or not accounted for at all. This oversight had the potential to compromise CDER’s overall funding. Currently 100% of every IT budget dollar is accounted for and
When implementing systems, the projects are IT driven, business is consulted late and functionality is not a priority. Unfortunately Gilead is a great case study of what not to due when considering corporate business intelligence programs. Business Intelligence means “leveraging information assets with key business processes to achieve improved business performance. It involves business information and analysis that is used within the context of a key business process, supports decisions and actions and leads to improved business performance” (Williams, S. & Williams, N.,2010). For this to work, business processes must be in place and supported by management; not the case for
The molecular profiling IP assets including expression profiling, proteomic, and functional genomics provides Merck and Co with exclusive access to a high information analysis
In an uber globalized market of today, companies are faced with challenges in each and every step of their business. Our analytics and research services are geared towards giving those companies that extra edge over the competition. We process and analyze terabytes of data and break down all the fuzz and chatter around it to give our customers meaningful insights about their competition and the market they are engaged in.
Depending on how much or how little a company has of these attributes defines what stage a company is competing on. There are 5 stages; analytically impaired, localized analytics, analytical aspirations, analytical companies, and analytical competitors (Davenport & Harris, 2007). The above statement, and statement soon to follow, from the CEO indicate the company is headed towards a stage 2 or 3 competitor, but has been a stage 1 for a very long time. It is very easy to turn a blind eye on analytics if the main goal is to acquire as much geographic area as
It specialises in innovative business intelligence, big data solutions for businesses and consumers which are supported by strategic consulting, development and marketing services.”
Since 2004, Sanofi had developed into a diversified global healthcare company using innovation to meet the needs of patients throughout the world, with recent acquisitions including, Zentiva, Medley, Kendricks, Acambis and Symbion Consumer, as well as Merial in animal health. Exhibit 4.1 accurately highlights the exact formation of the company.
The group Sanofi has been the result of several fusions and acquisitions over the past years. The main historical facts to understand the company construction could be summarized with the first fusion between, Sanofi, (created in 1973), merged with Synthélabo (created in 1970) in May 1999. The same year in December, Rhône-Poulenc and Hoechst Marion Roussel merged with the Group Aventis. Later, in 2004 Sanofi-Synthelabo acquired Aventis. As a result the group changed its name to Sanofi-Aventis. Finally, On May 6th, 2011, Sanofi-aventis has been simplified to
Brian Markison, Osmotica is very well positioned to compete on analytics. The four pillars of analytics: distinctive capability, enterprise-wide analytics, senior management commitment, and large-scale ambition. Vertical Pharmaceuticals (“Vertical”), like other pharmaceutical companies, is using data science for a variety of reasons; in R&D to reduce the tremendous costs associated with creating new products, to incorporate in-process controls for quality, to manage storage and distribution, to improve efficiencies and to ultimately increase both their market share and profit margins, all while adhering to strict government controls. Based on my short time working at Vertical it is very clear that compliance is a distinct capability/top priority at Vertical Pharmaceuticals, LLC. The company website reinforces my first impressions and boasts that “Vertical is committed to establishing and maintaining an effective compliance program in accordance with “Compliance Program Guidance for Pharmaceutical Manufacturers,” published by the Office of Inspector General, U.S. Department of Health and Human Services (the “HHS-OIG Guidance”). Our Compliance Program is one of the key components of our commitment to the highest standards of corporate conduct.” (Program Overview, 2015) At Vertical, analytics is an enterprise level strategy that can be found across all departments, teams and functions. Data accuracy is paramount at Vertical because faulty data or incorrect analysis can, not
Operating – ABC has traditionally competed on operating efficiency thus, ABC may not have operating expertise necessary to compete extensively on analytics. ABC needs to create an organizational level of expertise through the implementation of IT architecture, data scientist skillsets, and a comprehensive objective to implement these tools and skills.