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