Wearing your data on your sleeve - Deloitte US | Audit ... · Wearing your data on your sleeve 1...

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The nascent wearables market offers a rich opportunity for companies to become early adopters and leaders. The wearables market is expected to grow from $20 billion in 2015 to $70 billion in 2025. Furthermore, the healthcare sector is expected to remain the dominant sector in this market. 1 Within Life Sciences, many companies are identifying the benefits of wearable adoption in both their direct to consumer marketing efforts as well as enhanced drug and device interactions. As evidence, brand recognition through consumer marketing has increased, pharmaceutical direct-to-consumer ad spend hit $4.53 billion in 2014, up about 18% from $3.83 billion in 2013. 2 In an attempt to alleviate rising development costs (now estimated at 2.6 billion for a single drug 3 ) companies have begun to explore how wearables can accelerate the clinical trial life cycle. Incorporating wearables into clinical trials can help companies obtain quicker objective results Wearing your data on your sleeve 1 Accelerating wearables development for life sciences than traditional methods, enabling them either to stop ineffective trials earlier or to accumulate data needed for approval at a faster pace. To help this industry need, Deloitte has developed a wearable device application accelerator, D.Wear. The accelerator includes solution component “modules” that allow for guided assembly and customization. When paired with consulting services these modules enable wearable application development within short timelines and without the constraint of multiple development cycles for each platform; all while helping to minimize potential risk. Through these applications, life sciences companies can not only interact directly with their customers but also digest the data captured in those interactions. Life Science Companies D.Wear Customers Data Storage & Analytics Alert Module History Module Details Module Chart Module Customer Data Drug effectiveness monitoring Customer lifestyle insights Stronger customer relationships Increased patient compliance with treatment instructions Daily Activity: Steps, Location, Interactions Application Company Brand Awareness Application Inputs and Updates Apple Devices Today 11:13 1 of 4 pills taken 1 Wearable Technology 2015-2025: Technologies, Markets, Forecast, Dr Peter Harrop, Mr James Hayward, Raghu Das and Glyn Holland 2 Kantar Media http://kantarmedia.us/press/key-sporting-events-and-political-ads-increase-us-full-year-advertising-expenditures 3 Cost of Developing a New Drug, Tufts Center for the Study of Drug Development, 2014

Transcript of Wearing your data on your sleeve - Deloitte US | Audit ... · Wearing your data on your sleeve 1...

The nascent wearables market offers a rich opportunity for companies to become early adopters and leaders. The wearables market is expected to grow from $20 billion in 2015 to $70 billion in 2025. Furthermore, the healthcare sector is expected to remain the dominant sector in this market.1 Within Life Sciences, many companies are identifying the benefits of wearable adoption in both their direct to consumer marketing efforts as well as enhanced drug and device interactions. As evidence, brand recognition through consumer marketing has increased, pharmaceutical direct-to-consumer ad spend hit $4.53 billion in 2014, up about 18% from $3.83 billion in 2013.2 In an attempt to alleviate rising development costs (now estimated at 2.6 billion for a single drug3) companies have begun to explore how wearables can accelerate the clinical trial life cycle. Incorporating wearables into clinical trials can help companies obtain quicker objective results

Wearing your data on your sleeve

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Accelerating wearables development for life sciences

than traditional methods, enabling them either to stop ineffective trials earlier or to accumulate data needed for approval at a faster pace.

To help this industry need, Deloitte has developed a wearable device application accelerator, D.Wear. The accelerator includes solution component “modules” that allow for guided assembly and customization.  When paired with consulting services these modules enable wearable application development within short timelines and without the constraint of multiple development cycles for each platform; all while helping to minimize potential risk.

Through these applications, life sciences companies can not only interact directly with their customers but also digest the data captured in those interactions.

Life Science Companies D.Wear Customers

Data Storage & Analytics

Alert Module

History Module

Details Module

Chart Module

Customer Data

Drug effectiveness monitoring

Customer lifestyle insights

Stronger customer relationships

Increased patient compliance with treatment instructions

Daily Activity: Steps, Location, Interactions

Application Company Brand Awareness

Application Inputs and Updates

Apple Devices

Today 11:13

1of 4 pills

taken

1 Wearable Technology 2015-2025: Technologies, Markets, Forecast, Dr Peter Harrop, Mr James Hayward, Raghu Das and Glyn Holland2 Kantar Media http://kantarmedia.us/press/key-sporting-events-and-political-ads-increase-us-full-year-advertising-expenditures3 Cost of Developing a New Drug, Tufts Center for the Study of Drug Development, 2014

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Technical and business challengeThere is a rapid growth technology opportunity with limited knowledge and potentially high risk due to the sensitivity and government regulations around life sciences direct customer interactions and data. The D.Wear approach address challenges often faced by Life Sciences companies interested in wearable technology. These challenges are the following:

The D.Wear solutionIn the literary world, it’s said that there are only seven plots in story-telling.5 Similarly, our research shows that in wearable application development, there are only seven modules which make up almost all applications. By modularizing our approach to development, we can effectively leverage our experience from wearable application development research and transform that into an accelerated lower cost and higher quality application development lifecycle.

To address the need of companies to quickly adopt these solutions, D.Wear offers an industry-leading framework that enables efficient cross-platform application design. Through configuration and minor code updates, new applications are succinctly developed and ready to be deployed across multiple wearable devices. The development team selects modules based on desired application features and also create additional code to connect modules.

To address the need for companies to develop multiple applications to allow for diverse wearable platforms while managing tight budgets, D.Wear enables wearable application with fewer developers needed due to the structure and “assembly” model of the application. Not only time, but the cost of the product is less as well.

To address the risks common to adopting a new technology, D.Wear supports extensive testing and identifies where high risk areas may be to help predict and prepare any potential issues.

The module approachSelect modules based on desired application featuresFor example, if a pharmaceutical company wants an application that tracks when a patient takes their medication, the development team could choose the home screen, list screen (for history), and details screen (for individual medication details) modules.

To stay competitive, life sciences companies should quickly react to the growing focus on wearable devices to gain and maintain an advantage in the marketplace in both drug to patient relationship innovation as well as innovating new ways to interact with customers and foster brand recognition. “Brand plays the most important role in marketing. As a result, big pharma now operates in many segments such as consumer healthcare, medical devices, and diagnostic products. This allows these companies to heighten brand awareness.”4 In adopting any new technology, numerous iterations of development and extensive testing is involved, which greatly impact time to adoption.

Life sciences companies often work with sensitive personal data; there can be a huge risk to consumer relations and regulatory protocols if security precautions are not deployed properly. Additionally, the potential risk with wearables security is generally higher—the technology is still new and has not been tested as extensively as with smartphone applications

There is a multitude of wearable vendors, each with a distinct set of APIs (application program interfaces). Having multiple development platforms requires numerous experienced developers with deep knowledge of each vendor (e.g., iOS, Android) in order to create applications.

Time

Quality

Costs

Core Modules Components

Registration Screen

Details Screen

Login Screen

Alerts Screen

Home Screen

Chart/Table Screen

List Screen

Drop Down

Button

Icon

Text Field

Voice Commands

Gesture Commands

Check Box

Radio Button

4 Market Realist What it takes to be called ‘big pharma’ By Mike Benson, Feb 20, 20155 The Seven Basic Plots: Why We Tell Stories, "https://en.wikipedia.org/wiki/Christopher_Booker", Christopher Booker

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Customize module screensThe development team could further customize the medication history screen by adding icon component modules to the list screen module using custom connection code in the examples below:

Data icing on the cake As the VP of Kaggle, a platform for data competition highlights, said,

Predictive models even have the potential to tackle some of the most critical decisions in drug development, such as whether a clinical trial will be successful or whether a licensing deal will eventually lead to a drug. Billions of dollars rest on these decisions, but it is rare that all available relevant data is systematically employed to predict the probability of success. Of course, no algorithm can make such predictions with perfect accuracy, and no computation can replace a clinical trial. However, for an organization deciding between multiple costly development programs, having any improvement in ability to predict results is immensely valuable.6

Text Field 1

Home Screen List Screen 1 Details Screen 1

Button 1

Button 2

Button 3

Text Field 1

Row 1 Text

Row 2 Text

Row 3 Text

Text Field 1

Text Box

Button 1

iOS Code for Home Screen

iOS Code for List Screen 1

iOS Code for Details Screen 1

Android Code for Home Screen

Android Code for List Screen 1

Android Code for Details Screen 1

Custom connecting iOS code

Custom connecting Android code

Real-Time Data Streaming

Batch Data Loads

Real-Time or Batch Updates

Error Reports

Staging Data Repository

Dashboards

Scorecards

Reports

Data Validation

Data Transformation

Data Mart

Example 1

Example 2

List Screen

Row 1 Text IconIconIcon

Icon

Icon

Row 2 TextRow 3 Text

Row 1 Text

Row 2 Text

Row 3 Text

Text Field 1

Details Screen

Text Field 2

Text Field 1

Text Field 2Button

Button 1 Button 2

ButtonText Box

Text Box

Icon

Icon

Icon

Customize screen flowThe development team could then add custom connecting code to enable screen flow between the customized screen modules. As shown in the example below, clicking a row on the medication history screen will bring the user to the dosage amount and schedule details for a specific medication

He goes on to highlight that access to external data is a challenge but that is where wearable device applications can address a need. Through pharmaceutical owned applications, data collection is retrievable thus eliminating the prior barrier of customer-specific real response data access. The data gained from customer interactions with the application can provide as much value to life science and health care companies companies as the application does for the customers.

In the model labeled D.Wear Data Storage, application data will be streamed or batch loaded from connected smartphones to the D.Wear data storage environment. Further, select data will be loaded to the Deloitte IoT environment for generating dashboards and reports.

6 Big Data Won't Save Pharma, But Smart Data Might, Guy Cavet vice president of life sciences at "http://www.kaggle.com/", Kaggle

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Copyright © 2015 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited

ContactsFor more information, please contact: Rachel MohrmannManagerDeloitte Consulting LLP [email protected]

Dmitry GrekovManagerDeloitte Consulting [email protected]

Chris ZantPrincipalDeloitte Consulting [email protected]

For further information, visit our website at www.deloitte.com