Transform Your Business With These High Value Initiatives

Transform Your Business With These High Value Initiatives

Transform Your Business With These High Value Initiatives
Data Analytics

Data Analytics

Across industries, data analytics are helping businesses to become smarter, more productive, and better at making
SALES PERFORMANCE INSIGHT

SALES PERFORMANCE INSIGHT

Irrespective of industry every executive , is pressured to produce maximum out from business initiatives.Sales and
Analytics in Pharma and Life Sciences

Analytics in Pharma and Life Sciences

Overcoming Challenges in Data Integration, Stake Holder Collaboration, Talent/Technology Investment to Operationalize
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  • Data-Driven Decision Making

    Data-driven decision management (DDDM) is an approach to business governance that values decisions that can be backed up with verifiable data. The success of the data-driven approach is reliant upon the quality of the data gathered and the effectiveness of its analysis and interpretation.  In the early days of computing, it usually took a specialist with a strong background in technology to mine data for information because it was necessary for that person to understand how databases and data warehouses worked. If a manager on the business side of an organization wanted to view data at a granular level, she had to reach out to the information technology department (IT) and request a report. Someone from the IT department would then create the report and schedule it to run on a periodic basis. Because the process was complex, ad hoc reports, also known as one-off reports, were discouraged. Today, business intelligence tools often require very little, if any, support from the IT department. Business managers can customize dashboards to display the data they want to see and run custom reports on the fly. The changes in how data can be mined and visualized allows business executives who have no technology backgrounds to be able to work with analytics tools and make data-driven decisions. Data-driven decision management is usually undertaken as a way to gain a competitive advantage. A study from the MIT Center for Digital Business found that organizations driven most by data-based decision making had 4% higher productivity rates and 6% higher profits. However, integrating massive amounts of information from different areas of the business and combining it to derive actionable data in real time can be easier said than done. Errors can creep into data analytics processes at any stage of the endeavor, and serious issues can result when they do.

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  • Data Analytics

    Data Analytics   Across industries, data analytics are helping businesses to become smarter, more productive, and better at making predictions. Tapping this potential for your organization begins with shaping a plan. Data Analytics enables more efficient management of enterprise IT by using advanced analytics for: Predictive monitoring   Rapid root cause analysis Start mining data from your servers, network, and security appliances to find the nuggets of information that help you better manage your environment. Trident IT Data Analytics includes a fine-tuned analytics engine that processes and delivers real-time insight into mission critical data spanning every corner of your enterprise network. With Trident IT Data Analytics you really can reduce your mean time to repair. Work smarter by using Trident IT Data Analytics to proactively identify and detect troublesome patterns on an ongoing basis and create alerts and reports to take action before your users are affected. Don’t worry, you won’t have to configure everything to get value out of Trident IT Data Analytics. Trident IT Data Analytics comes with Content Packs which contain all the knowledge you need to get started. You don’t have to define how to collect, configure and search all of your data in order to find the nuggets of valuable information. With application-specific dashboards and charts you can see the most important business KPIs – right out of the box.  

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  • Hiring

    Hiring Trident is looking for Data Integrators to help deal with the huge amounts of biomedical data at client base.Please send your resumes to hr@tridentit.co.uk

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  • Sales and Marketing Insight

    Sales and Marketing Insight Irrespective of industry every executive, is pressured to produce maximum out from business initiatives.Sales and Marketing professionals in the life sciences industry are the most burdened with their effort in this regard. Patent expirations, pricing pressures, new product streamlining challenges and increasing competition, all these analyze traditional approaches to business operations. Few industries spend more to introduce a product to market. For a typical, large life sciences company it would be around 15 to 20 percent of revenues. Numerous new product streamline approaches never gain regulatory approval after incurring R&D expense. Added to these, the health care industry are targeted to improve public health at a lower cost. This puts significant pricing pressure on many approaches and affects the profit margins of research-based life sciences companies. Industry news announce sales force decrease, restructuring and a constant barrage of new regulations limiting sales and marketing practices. The industry’s commercial business model is in the midst of the most dramatic transition in its history. Large sales force supplemented with extensive mass marketing known as the “spend for growth” model is now being evolving into a business model with a clear focus on measurable ROI for all sales and marketing investment. This requires clear knowledge to understand, predict and optimize sales and marketing investment.Pharmaceutical sales and marketing strategies many times fall short of their full potential because they rely on instinct or intuition rather than fact-based decision making. Trident approaches the problem by providing software and services to help you: iCAST Symphony Business Analytics for Life Sciences-In Sales nad Marketing Sales and Marketing executives acheive significant advantage using Business Analytics. The advantages can be found by-  Increasing demand generation Increasing sales revenue Tracking marketing effectiveness For a detailed product brochure please mail tosales@tridentit.co.uk

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  • SCM-Insight

    SCM-Insight iCast Analytic Solutions Life Sciences executives can analyze the new trends in business operations with the benefits of iCast analytics. This also allows a person to gain the maximum insights of operational performance. Rather it also allows you to track the critical business ratios; key performance indicators so that you can get a thorough check the organizational efficiency.This allows getting solutions to the Life Sciences Companies to complex issues Like- ♦ Is my pricing can meet the customer satisfaction?♦ Are we able to compete with the revenue growth in the market?♦ Are the outsourcing aspects of R&D are required?♦ Which of the regions/ the departments are outstanding in their performance? With these points management can make key decisions so that none of the departments are disappointed due to the false consensus. This provides an equipped platform for life sciences companies with vast volumes of information, to make more intelligent decisions and link top-level strategies with departmental plans.With these Life Sciences Companies can: ♦ Gain a complete knowledge in the process of clinical development♦ Performance monitoring of the key process♦ Integrate and executing the plans and to minimize the budgets♦ Aggregate customer, channel, and product data for a single view of sales volume and to drive more targeted deployment♦ Enable driver-based planning to make better decisions about resource allocations, such as marketing programs, advertising, and samples♦ Improve contracting effectiveness through better planning and analysis of key performance indicators (KPIs), historical performance and scenario analysis♦ Structure data and reporting to comply with HIPAA, CFR 21, PDMA, state marketing regulations and FDA NDA processes Why are these implemented in Life Sciences Company? Life sciences Industries are facing problems like patent expiration, revenue loss due to the unwanted production of the drugs which are not required in that particular season/area etc.. Not only these they are also facing problems with managing complex, people-intensive processes, and the inadequate supply of tools etc.There are two important things which have to be managed by the Life Sciences industry to improve clinical research and development, production and distribution. These include                                     ♦ Improved ability to manage the required things                                    ♦ Performance monitoring across the organization Hence, Life Sciences Company needs an organizational setup in managing drug development processes and then tracking and understanding the results. To meet all these requirements smarter systems are needed to help life sciences companies segment and serve a diverse customer base, proactively gathering and analyzing information to develop a deeper understanding of each segment’s specific needs. How to align your strategies and actions? An organization needs to track and analyze the revenue which includes identifying the best performing medical rep, comparing the effectiveness of marketing campaigns, executing a pathway to strengthen the link between strategy and frontline execution operations. These are clearly analyzed by this software. Difference between Enterprise planning and iCast Analytics   Enterprise Planning iCast Analytics Enterprise planning helps you to understand the brand performance in the following way: Drives sales and marketing performance, enterprise score carding monitors progress against your plan and enterprise business intelligence (BI) lets you report, analyze and understand its performance. iCast analytics provides you an opportunity to build your own planning, budgeting and reporting activities. These can be viewed in iCast Performance Blueprints, which can be delivered out-of-the-box functionality for managing sales and marketing effectiveness. iCast Analytics provides you the following key points to manage the following- ♦ To manage the budgets more effectively- This provides a combined view of marketing budgets at all the levels which include- department, project or territorial expense. With this,     you can clearly analyze where you are going wrong in your plan with clear, accurate information without facing any difficulties. This makes you so confident in predicting the future development.♦ Streamlining the sales process-This software helps you to concentrate the specific areas where the sales marketing is strong and where it is weak. It also gives you the information whether the sales cost should be minimized and resource allocation should be increased. This software provides you a performance blueprint so that the total sales can be tracked and performance can be analyzed easily.♦ Setting goals and priorities using a scorecard- It helps to provide score carding at a time/ all the time to all the employees. Also helps in sharing the information.♦ Gives alerts- It also helps is alerting you if anything goes wrong in the process side etc. For example, it alerts you if the purchase rate is going high than the investment.♦ Decision-making process- It provides an opportunity by enabling the users to evaluate financial status across countries, currencies and legal entities. It also helps to assess how the results change over the time over regions, across product lines etc.♦ Provides an opportunity to identify the best revenue opportunities- It helps you to find out drug performance in the market i.e., which drug is preferred by most of the doctors in different regions and also purchase patterns, revenue growth etc.iCast analytics provides best solution for ♦ Leverage clinical analytics-Improving operational efficiency♦ Tracking the usage of drugs at national level-it becomes easy to understand the important drug samples. Also helps in minimizing the drug returns.♦ To maximize the return of your investment- iCast Sample Optimization Performance Blueprint helps in this aspect.♦ Organizing the supply chain- It provides clear information on product safety and in regulatory issues. Analyzing business operations: iCast analytics benefits a pharmaceutical company to stand in the top-most positions by adding the valued points such as- ♦ It improves drug development♦ Increases operations performance♦ Drives revenue and market share♦ Complying with regulatory requirements♦ Comparing the results of informed decisions♦ Helps to meet the market demands as this software acts accordingly to the change in market demands.  Conclusion iCast analytics solution helps life sciences and pharma companies to gain complete information about comprehensive insights across applications and data sources to better manage today’s increasingly complex information infrastructure. This leads to correct planning, and improvement in financial and operational procedures. For a detailed product brochure please mail to : sales@tridentit.co.uk

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  • Business Analytics

    Business Analytics Business analytics (BA) is the practice of iterative, methodical exploration of an organization’s data with emphasis on statistical analysis.  Business analytics is used by companies committed to data-driven decision making. BA is used to gain insights that inform business decisions and can be used to automate and optimize business processes.  Data-driven companies treat their data as a corporate asset and leverage it for competitive advantage. Successful business analytics depends on data quality, skilled analysts who understand the technologies and the business and an organizational commitment to data-driven decision making. Examples of BA uses include:     Exploring data to find new patterns and relationships (data mining)    Explaining why a certain result occurred (statistical analysis, quantitative analysis)    Experimenting to test previous decisions (A/B testing, multivariate testing)    Forecasting future results (predictive modeling, predictive analytics)Once the business goal of the analysis is determined, an analysis methodology is selected and data is acquired to support the analysis.  Data acquisition often involves extraction from one or more business systems, cleansing, and integration into a single repository such as a data warehouse or data mart.  The analysis is typically performed against a smaller sample set of data.  Analytic tools range from spreadsheets with statistical functions to complex data mining and predictive modeling applications.  As patterns and relationships in the data are uncovered, new questions are asked and the analytic process iterates until the business goal is met.  Deployment of predictive models involves scoring data records (typically in a database) and using the scores to optimize real-time decisions within applications and business processes. BA also supports tactical decision making in response to unforeseen events, and in many cases the decision making is automated to support real-time responses.While the terms business intelligence and business analytics are often used interchangeably, there are some key differences: BI vs BA Business Intelligence Business Analytics   Answers the questions: What happened? When? Who? How many? Why did it happen? Will it happen again? What will happen if we change x? What else does the data tell us that never thought to ask?   Includes: Reporting (KPIs, metrics) Automated Monitoring/Alerting (thresholds) Dashboards Scorecards OLAP (Cubes, Slice & Dice, Drilling) Ad hoc query Statistical/Quantitative Analysis Data Mining Predictive Modeling Multivariate Testing   Recognizing the growing popularity of business analytics, business intelligence application vendors are including some BA functionality in their products.  More recently, data warehouse appliance vendors have started to embed BA functionality within the appliance. Major enterprise system vendors are also embedding analytics, and the trend towards putting more analytics into memory is expected to shorten the time between a business event and decision/response.

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