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Boston Scientific Corporation - IT Sales Opportunities - 2008
Infiniti Research Limited, June 2008, Pages: 33
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a ‘b range’ of interventional medical specialties, including interventional cardiology, cardiac rhythm management, peripheral interventions, electrophysiology, neurovascular intervention, oncology, endoscope, urology, gynecology and neuromodulation. The Company’s products are offered for sale principally by three dedicated business groups: Cardiovascular (including its Interventional Cardiology, CRM and Cardiovascular businesses); Endosurgery (including the Company’s Endoscopy and Urology/Gynecology businesses, and until February 2008, included its Oncology business), and Neuromodulation (including its Pain Management business, and until January 2008, included the Company’s Auditory business).
Industry trends and drivers have a direct or indirect affect on IT spending of all companies operating within an industry. For example - increase in sourcing from low cost countries might influence Boston Scientific Corporation to relook at their supply chains, resulting in selling opportunities for SCM solutions, collaboration tools etc. Thus, we can conclude that industry spending on any particular IT product or service is an important indicator of the criticality of that product or service for the industry. Based on the IT spend information available in ‘TechNavio’, we have computed a ‘criticality score’ for various IT products and services, for Boston Scientific Corporation.
Various company level developments and events are important indicators of selling opportunities and drive the sales of IT products and services. For example - an acquisition by Boston Scientific Corporation might result in opportunities for IT migration and integration services. By tracking these sales drivers (using ‘TechNavio’), we have arrived at a demand score for each product and service.
Through an in-depth analysis of industry trends and drivers and company level developments and events, we have made the ‘IT Selling Opportunities Map’ for hardware, software and IT services for Boston Scientific Corporation. These maps have been divided into four zones representing Level I, Level II and Level III opportunity areas. Level I opportunity areas have the highest scores and hence, there is a high probability that Boston Scientific Corporation will buy these products and services. Level II opportunity areas have lower scores and hence, lower probability to sell to Boston Scientific Corporation Level III opportunities have the lowest scores and hence, unlikely to sell to Boston Scientific Corporation.
The report is meant for IT vendors and intends to help them identify selling opportunities within the company. Furthermore, the identified sales drivers can be used to penetrate these accounts or increase current share of the customers wallet. Also, the report lists key IT spending decision makers, which enables the salesperson to directly contact the key executives within the company.
TechNavio Insights is a set of reports based on TechNavio - a market intelligence platform for the IT industry. It builds on the intelligence available within TechNavio, and leverages on the custom research experience of the Technology Navigators. TechNavio is built on years of experience of the author’s in deep dive custom research and consulting for over 30 Fortune 500 companies and numerous large and mid-sized companies.
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