Not only does this reduce management of data via email by consolidating and automating the competitive information, it also gives the organization current data to make informed business decisions around. Those decisions give the company the timely ability to determine how to position themselves:
- How do the current treatment options of a competitor effect their market position?
- Should they partner with another Emerging Life Science firm?
- Should they purchase?
This data gives insight into necessary business strategy changes, which allows them to continue their mission of innovation in their medical space.