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CATALYSTS DRIVING
SUCCESSFUL DECISIONS IN
LIFE SCIENCES
MARKETING SCIENCE
INNOVATION :
THE ROAD TO
WEATHERPROOFING
YOUR BRAND
EDGE OF INSIGHT
J ULY 2018
ASSESSING TRADE WINDS – A
BREAKTHROUGH IN MARKETING
SCIENCE
PAGE 3
Seen by those in the know as a secret
weapon for savvy marketers1, marketing
science has to some extent been
operating below the radar – despite
having a decades-long heritage of
bringing scientific rigor to marketing.
By combining fields such as economics, of insight can do much to improve
statistics and operations research, it business outcomes, but fundamentally,
has delivered new insights on brands, they still see pharma marketers stuck
pricing, product portfolios and market looking to the past for a guess at the
selection, while technological advances future.
have allowed marketing scientists to
accomplish things they could only have That has now reached an important
dreamed of a few years ago. inflection point, with a ground-breaking
piece of marketing science research that
Data has been key to this, particularly sets the scene for an entirely new way of
as the convergence of big data and measuring brand equity and translating
machine learning begins to drive more it into a roadmap for real-world market
powerful data-driven marketing, but share gains.
fundamentally the discipline is awaiting
its next big breakthrough. This report will explore the marketing
science research and methodology, and
With a far more challenging landscape reveal how it can be
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