How WhatsApp is Changing Overseas Healthcare Markets - New Technologies, New Markets

 
CONTINUE READING
New Technologies, New Markets

                       How WhatsApp is
                       Changing Overseas
                       Healthcare Markets
How WhatsApp is Changing Overseas Healthcare Markets

Everything about Communication is Changing

Messaging apps are changing how the            and Brazil, where growth forecasts
                                               for pharma are 9.6% and 7.7%,
world communicates. The shift toward
                                               respectively1.However, the adoption rate
mobile, decentralized communication is
                                                                    for messaging apps
rapid and poses far-
                                                                    has been exponential
reaching implications     Messaging is making traditional
                                                                    and the scale is
for how all businesses    channels obsolete in critical
                                                                    staggering: The total
reach consumers.
                          overseas markets, such as                 monthly active users
But, for enterprise
                          India and Brazil, where growth            for the top four apps
pharmaceutical in
                          forecasts for pharma are 9.6%             combined account
particular, this change
                          and 7.7%.                                 for more than half the
represents a troubling
                                                                    global population2.
paradox: compliance
regulations and
governance requirements put pressure           The question isn’t whether pharma
on pharma enterprises to employ                can reconcile regulation and risk
centralized communication tools like           management with messaging apps,
phone and email; but messaging is fast         it’s how can they afford not to?
making traditional channels obsolete in
critical overseas markets, such as India

                                                                                             2
How WhatsApp is Changing Overseas Healthcare Markets

WhatsApp Leads the Way
Of the top messaging apps, WhatsApp has emerged as a clear leader, with greater
coverage globally than its closest rival, WeChat, which is exclusive to China.

           Majority

Consider the evidence:
  •   As of early 2018, WhatsApp is
                                             In addition to adoption, WhatsApp rules
      the top messaging app in 128
                                             for usage, too. The average Indian user
      countries3.
                                             spends 38 minutes using the app every
  •   From 2016 to 2017, WhatsApp
                                             day, whereas in Brazil, average usage is
      went from 1 Billion users
                                             one hour 6. Free and far more reliable than
      messaging at least once per
      month to over 1 Billion people         SMS, ex-U.S. smartphone owners use

      messaging at least once per            WhatsApp for basically everything.
      day 4.
  •   In Brazil, 96% of smartphone           If WhatsApp is where people are
      owners use WhatsApp as                 spending their time, what’s holding
      their primary communication            your business back from joining
      channel5.
                                             them?
                                                                                           3
How WhatsApp is Changing Overseas Healthcare Markets

From Messages to Real Economic Impact

For enterprise business, WhatsApp usage is
associated with real economic growth. Some studies
estimate that a five percentage point increase in
WhatsApp adoption may generate as much as                    Estimated consumer
$22.9 billion globally7. In a recent economic impact         discretionary
report, economists estimated the value of consumer           spending on
discretionary spending associated with WhatsApp              WhatsApp
communication to be over $9.6 billion in India
and greater than $12 billion in Brazil. To this end,
WhatsApp found that 80% of small businesses in
Brazil and India use the app to communicate with
                                                             Brazil
customers. This usage was compelling enough for
                                                              $12 billion
     A five percentage point
     increase in WhatsApp
                                                                                         India
     adoption may generate
     as much as $22.9 billion
     globally7.
                                                                        $9.6 billion

WhatsApp to launch a business version of their app
with enhanced customer service and marketing
functionality for SMEs in select international markets
in January of this year8.

                                                                                                  4
How WhatsApp is Changing Overseas Healthcare Markets

Consumer-Driven Innovation
Overseas consumers now have new expectations around the ability to reach service providers,
customer service, and businesses via WhatsApp7. People use WhatsApp for their jobs and
businesses. In the overseas workplace, people use WhatsApp to7:
                                          Overseas WhatsApp Use

                     61%             60%            59%         42%          65%
                    plan future      check in        plan         send        be more
                     tasks or      about ongoing   meetings     documents    productive
                       work           projects

As consumers, they’re using it to contact owners, coordinate deliveries, schedule appointments, and,
critical to pharmaceutical companies, talk with doctors and pharmacists. In Brazil, nearly 90% of
doctors communicate with patients using WhatsApp9.

        The ease of sending photos in WhatsApp helps people communicate with
        pharmacists. From a focus group of Indian consumers7:

    “[I] send the chemists pictures of what the doctor has prescribed… just
    send a picture of the bottle that we want because many times we don’t
    know the spelling or we don’t know the pronunciations. Then they tell
    us about availability and we go and buy it from the store”

                                  “Suppose I have some prescription and I have already met the doctor
                                  then I can message him that this is the problem … means we don’t
                                  have to go there, we don’t have to take their appointment and wait”

                                                                                                        5
How WhatsApp is Changing Overseas Healthcare Markets

The Business Choice is Clear
For enterprise pharma looking to grow in                         brand-specific message bots to field requests
overseas markets, it’s time to adopt WhatsApp.                   using artificial intelligence or using WhatsApp
The opportunity is too big to ignore. Brands are                 for marketing and brand building campaigns that
already taking advantage of the ability to support               you might have traditionally seen on Facebook
individual customer concerns or questions, and                   or Twitter11.
many anticipate WhatsApp will one day allow
micro-targeting marketing messages much
the way Facebook currently does (Facebook                         Businesses that ignore WhatsApp
acquired WhatsApp in 2014). WhatsApp knows                        risk losing out in vital markets. Both
the economic opportunity and continually                          local competitors and faster-moving
experiments with new features to help brands                      global competitors will seize market
and companies connect with consumers more                         share.
effectively10. We also see companies developing

Sources
[1] https://blog.marketresearch.com/the-strong-growth-of-        [8] https://blog.whatsapp.com/10000637/Introducing-the-
pharma-markets-in-china-india-and-brazil                         WhatsApp-Business-App

[2] http://www.businessinsider.com/messaging-apps-               [9] http://www.businessinsider.com/heres-how-whatsapp-
report-2018                                                      could-disrupt-healthcare-2016-8

[3] 2018 Global Digital suite of reports from We Are Social      [10] https://www.cnbc.com/2018/05/01/facebook-
and Hootsuite. https://wearesocial.com/uk/blog/2018/01/          messaging-boss-david-marcus-whatsapp-more-open-to-
global-digital-report-2018                                       ads.html

[4] https://blog.whatsapp.com/10000631/Connecting-One-           [11] https://www.profitbooks.net/how-to-use-whatsapp-for-
Billion-Users-Every-Day                                          business/

[5] https://hbr.org/2016/04/the-rise-of-whatsapp-in-brazil-is-
about-more-than-just-messaging

[6] https://www.similarweb.com/blog/messaging-apps

[7] http://www.analysisgroup.com/uploadedfiles/content/
news_and_events/news/analysis_group_whatsapp_
economic_impact_report.pdf

                                                                                                                       6
How WhatsApp is Changing Overseas Healthcare Markets

The End-to-End Solution for Securing
WhatsApp
The challenge to enterprise pharma still remains the tension between regulatory pressure for
communication control versus markets moving rapidly toward decentralized messaging. There
is the hard if unspoken reality that your overseas sales teams might already be using WhatsApp
unsanctioned. Teams gravitate to the tools that help them accomplish more. Clients have approached
us because they recognize a “don’t ask, don’t tell” approach is a mistake. It’s unacceptable for
compliance and unsustainable for business.

         The SafeGuard Cyber platform offers a simple end-to-end solution to monitor,
         secure, and archive WhatsApp communications. We give your enterprise the
         freedom to seize the WhatsApp opportunity, with the ability to:

         •   Capture & catalog the content of WhatsApp conversations (e.g., emoji,
             images, file attachments, etc.)
         •   Customize our advanced policy engine to define what content to flag, block,
             or monitor; or even target coverage of specific roles or individual accounts
         •   Capture and audit conversation content from day one, or optionally capture
             content posted before setup
         •   Review and search all archived content, including customizable retention
             management
         •   Onboard and scale quickly with informed consent for your employees – no
             need to install an app or custom software on employee devices

 Other brands are leveraging the power of WhatsApp and your future customers expect that
 you will too. As the industry leader for full-coverage WhatsApp monitoring, SafeGuard
 Cyber is already supporting top 5 pharma companies. Our clients know that being slow to new
 opportunities means getting left behind. Your employees want to use the best tools. Let them do
 their best work Without Fear.
                                                                                                   7
How WhatsApp is Changing Overseas Healthcare Markets

About the Author
                  Maritza Johnson | Vice President of Privacy

                  Maritza Johnson is a security and privacy researcher by training. She aims to
                  help people better understand the privacy and security decisions they encounter
                  in their daily lives. Prior to joining SafeGuard Cyber, she was a user experience
                  researcher at Google on the Identity team. Before that, she was a technical
                  privacy manager at Facebook where she worked as a liaison to the external
                  privacy research community on privacy and contributed to the internal privacy
                  review process.

About SafeGuard Cyber
                  SafeGuard Cyber provides end-to-end digital risk protection. Built on leading-
                  edge technology but grounded in simplicity, the SafeGuard Cyber platform is a
                  single solution to detect, prevent, and defend against threats in all your digital
                  channels. As a service provider to top 5 pharma companies, we empower
                  enterprise business in highly regulated industries to embrace new technologies
                  and innovate Without Fear.

How Can We Help?
   Americas                                      Asia-Pacific

   +1-800-974-3515                               +61-437-276-739

   sales@safeguardcyber.com                      APACsales@safeguardcyber.com

   410 A East Main Street                        PO Box 523

   Charlottesville VA 22902                      Leichhardt NSW 2040 Australia

                                                                                                       8
You can also read