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    Marketing-Analytics

    Marketing analytics

    Life Sciences companies strive to meet their campaign objectives but fail to utilize marketing analytics to its full potential. In the current state, they have to put a lot of manual effort and may operate in the dark with strategic investment planning and budget optimization due to infrequent usage of analytics. Data that drives marketing analytics is not granular and lives in silos, making it hard to understand. Analytics modeling lacks real-time information and does not suggest sophisticated outcomes. Without an integrated approach that addresses all these issues, decision-making becomes disjointed, resulting in sub-optimal returns on investment.

    Axtria’s marketing analytics offer

    Axtria’s Marketing Analytics offering helps you quantify the effectiveness of marketing investments and provides insights into making the right investment decisions across products, therapeutic areas, and regions. Its AI/ML models run throughout the year and give you opportunities to modify marketing strategies more often and hence optimize your investments. This real-world intelligent modeling empowers even your newest resources to resolve complex business problems efficiently. Axtria’s Marketing Analytics offering lets you analyze the return on investments (ROIs) for each marketing channel and its overall business impact so you can measure success against campaign objectives.



    Axtria’s marketing analytics capabilities

    Data processing/Integration

    Data quality management:

    Maintain and improve high-quality data for analysis and business decision-making and automatically generate rules to validate data based on the data types in the pool.

    • Visually configure simple or advanced data quality rules
    • Consume the outcome through self-service
    • Store outcomes as a library asset

    Catalog and lineage:

    Self-service data discovery allows you to discover the right data sets easily.

    • Explore data lineage without IT involvement
    • Comprehend and visualize data flow from origin to destination
    Catalog-and-Lineage-e1681216985246
    Analytics workbench

    Model library:

    Standardized pre-built library of reusable commercial Life Sciences components that can be leveraged across business uses cases.

    • Utilize the ready-made library of commercial analytics assets, including multiple modules across broad categories (Marketing Analytics, Sales Analytics, etc.)
    • Save time, effort, and resources with reusable business assets when building analytic solutions

    Workflow management:

    Monitor, optimize, and approve steps in model creation from the application interface.

    • Efficiently create, store, and disseminate models
    • Reuse and modify past work rapidly to meet current requirements
    Workflow-Management-e1681216956373
    Data visualization

    Data exploration:

    The initial stage of data analysis is to understand data configuration and uncover insights.

    • Discover and analyze data patterns or anomalies through an interactive interface
    • Explore and understand data set variables and their relationship with visualizations

    Designing models:

    Include architectural model requirements to iterate and generate large modeling scenarios.

    • Learn from data patterns and outcomes while you create models
    • Leverage the saved models without starting from scratch for future scenarios

    Testing models:

    Evaluate the performance of testing datasets in the modeling process.

    • Hypothesize and test your data with numerous inputs and custom settings
    • Achieve the best outcome with each testing iteration
    • Select your favorite model for future use cases

    Execute modeling:

    Implement machine learning programs to reach successful analytical outcomes.

    • Run and implement the best scenarios saved during the iterative modeling process
    • Reuse the saved models for new brand initiatives

    Optimization/Prediction:

    Make effective marketing channel predictions that drive brand strategies.

    • Enhance sales impact by optimizing your spending tactics
    • Choose from the best-guided actions to course correct more often
    Optimization-e1681216931127

    Personas

    Sales-Associate-1

    Direct users

    • Data Scientist
    • Data Engineer
    Sales-Manager-Image-1

    Capability Consumers

    • Business Analyst
    • Analytics Leader

    Customer success stories

    Case Study

    8% Jump in Revenue With an Axtria MarketingIQ - based Global Marketing Mix Solution

    Case Study

    Marketing Mix Analysis For A Specialty GI Drug Contributed Significant Top-Line Growth For A Top-10 Pharma Company

    Case Study

    Maximizing Marketing ROI For A Global Pharma Company Using Market Mix Modeling

    Resources

    8% Jump in Revenue With an Axtria MarketingIQ - based Global Marketing Mix Solution

    Case Study

    8% Jump in Revenue With an Axtria MarketingIQ - based Global Marketing Mix Solution

    A robust understanding of marketing channel effectiveness is vital in businesses across all industries, especially life sciences. Marketing Mix (MMx) studies help analyze the effectiveness and ...

    Marketing Mix Analysis For A Specialty GI Drug Contributed Significant Top-Line Growth For A Top-10 Pharma Company

    Case Study

    Marketing Mix Analysis For A Specialty GI Drug Contributed Significant Top-Line Growth For A Top-10 Pharma Company
    Maximizing Marketing ROI For A Global Pharma Company Using Market Mix Modeling

    Case Study

    Maximizing Marketing ROI For A Global Pharma Company Using Market Mix Modeling