Animal Health - Top 5 Trends in 2015

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As we enter into New Year and pat ourselves for a reasonably successful 2014, we at animal- healthindia.com have sifted through a number of clues to piece together a few trends which we believe could play out in New Year 2015. Animal Health organizations may ill afford to ignore some of these trends as few of these trends have po- tential to alter the way we do business in Animal Health industry. It’s not appropriate for us to make any recommendations on the adoption and increased allocation of in- vestments in any of these potential trends, since this is best left to the pros in the industry, but companies may do well to consider these trends in their strategic business plans. The Top 5 Trends for 2015 that may pan out are: 1.Technology Everywhere Like all other industries, Animal Health is also witnessing an increased importance and adoption of innovative technologies and computing devices. As mobile devices and tablets continue to proliferate and mobiles become the “first screen”, many an ap- plications are moving to mobile devices for quick decision making. From a plethora of apps for dairy and poultry farmers to “wearables” for companion animals and dairy cows connected to mobiles, technology is increasingly at the disposal of our customers in bringing high value solutions at heightened convenience. Leading organizations will need to plan and adapt to the changing habits and needs of the end users. This may also involve increased adoption of the analytics to decipher vast amounts of structured and un- structured data from diverse set of customers and other sources. Invisible analytics may well become all pervasive so as to decipher and deliver the right information to the right individual at right time for right decision making. Top 5 Trends for 2015 – AH Industry to Gain Prominence Smart People. Smarter Soluons _________________________________________________________________________________________________________________ © Confidenal to Y Point Analycs All Rights Reserved 2014

Transcript of Animal Health - Top 5 Trends in 2015

Page 1: Animal Health  - Top 5 Trends in 2015

As we enter into New Year and pat ourselves for a reasonably successful 2014, we at animal-healthindia.com have sifted through a number of clues to piece together a few trends which we believe could play out in New Year 2015. Animal Health organizations may ill afford to ignore some of these trends as few of these trends have po-tential to alter the way we do business in Animal Health industry. It’s not appropriate for us to make any recommendations on the adoption and increased allocation of in-vestments in any of these potential trends, since this is best left to the pros in the industry, but companies may do well to consider these trends in their strategic business plans. The Top 5 Trends for 2015 that may pan out are:

1.Technology Everywhere

Like all other industries, Animal Health is also witnessing an increased importance and adoption of innovative technologies and computing devices.

As mobile devices and tablets continue to proliferate and mobiles become the “first screen”, many an ap-plications are moving to mobile devices for quick decision making. From a plethora of apps for dairy and poultry farmers to “wearables” for companion animals and dairy cows connected to mobiles, technology is increasingly at the disposal of our customers in bringing high value solutions at heightened convenience. Leading organizations will need to plan and adapt to the changing habits and needs of the end users. This may also involve increased adoption of the analytics to decipher vast amounts of structured and un-structured data from diverse set of customers and other sources. Invisible analytics may well become all pervasive so as to decipher and deliver the right information to the

right individual at right time for right decision making.

Top 5 Trends for 2015 – AH Industry to Gain

Prominence

Smart People. Smarter Solutions

_________________________________________________________________________________________________________________ © Confidential to Y Point Analytics All Rights Reserved 2014

Page 2: Animal Health  - Top 5 Trends in 2015

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Top 5 Trends for 2015 – AH Industry to Gain Prominence

Smart People. Smarter Solutions

_________________________________________________________________________________________________________________ © Confidential to Y Point Analytics All Rights Reserved 2014

2.Marketing budget reallocations

Another trend we envisage for 2015 and beyond is the evolution of the marketing mix and conse-quent re-allocation of marketing resources.

Interactions with our customers and veterinarians now encompass a variety of avenues ranging from emails to texts to instant messaging to dedicated web portals to increasingly “occasional” detailing.

As competition intensifies and customers and veterinarians become increasingly glued to their always on, anywhere and everywhere devices – marketers have a new challenge as well an opportunity to engage with their customers.

Traditional marketing long back gave way to “omnichannel” marketing creating unique opportunity to engage with customers seamlessly across channels but as well a challenge in determining the appropriate spends across chan-nels.

As highly aware and connected customers become knowledgeable to seek out necessary information, marketers will have to evolve and alter their marketing mixes and budgets to best serve such customers

3.Preventive Therapies

Acutely aware and knowledgeable customers and proliferation of technology is bringing “Prevention” into focus once again.

From treatments to timely interventions to eventually proactive prevention, things are turning a full circle and AH Organizations will have to lead customers on the “path to prevention”.

Innovative vaccines, convenient and compliant dosing schedules, precision nutrition & supplements & increased sharing of knowledge with customers will be a key in higher customer satisfaction and retention.

Increased consumer awareness on food safety concerns, visibly active regulatory authorities and demanding proces-sors will only ensure that both producers and animal health organizations evolve their practices and offerings on the path towards prevention.

Hyper-competition visible across will only ensure “survival of the smartest”

4.Continued Consolidation

From Bolt-on to Strategic, mergers and acquisitions that shaped our industry in 2014 across animal healthcare companies as well as feed & feed supplement companies, in all likelihood will continue in

New Year 2015 as well and possibly with same vigor.

2015 may witness further re-alignments among Top 10 Animal Health companies as organizations redraw their strategies to remain competitive and “focus” on increased shareholder value.

Interestingly a new breed of smarter and savvier companies with relatively innovative ideas is fast emerging and a few of these have the potential to hit the radars of bigger AH players.

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Top 5 Trends for 2015 – AH Industry to Gain Prominence

Smart People. Smarter Solutions

_________________________________________________________________________________________________________________ © Confidential to Y Point Analytics All Rights Reserved 2014

5.Increased Investments

From activist investors to investor activism, listed Animal Health companies were the “new flavor” of investors in 2014 and in our opinion this love affair will not only continue but will strengthen fur-ther in 2015.

For non-listed and upcoming companies too, investors were more than willing to open “fund (flood) gates” for the right ideas as a new breed of companies is witness to this increased benevolence of PE investors.

As discussed in the beginning, a few of these trends have the potential to alter the way we do business, leading to evolution of new business models, focusing on twin corporate objectives of increased customer value while optimizing shareholder value.

We are sure 2015 will usher in “acche din (good days)” for Animal Health Industry globally.

ABOUT US : Y POINT ANALYTICS Y Point Analytics was founded by IITB (IIT Bombay) alumni and a set of young entrepreneurs. They saw the utility of data far beyond its transactional manifestation. Data to them was much more than transactions; it was in fact something with many dimensions; and these dimensions when connected together offer unparalleled insight into an enterprise’s health. There are two broad objectives of an analytical system. First is to understand the dynamics of the ecosystem and the second is to be able to anticipate the future challenges to a business or future disruptions. Generating data as useful information is thus the key to simplifying complexity. Y Point Analytics endeavors to do precisely this.

CONTACT US Y-Point Analytics Dr Sandeep Juneja YPoint [email protected] www.ypointanalytics.com +91 84258 91310