WEBVTT 00:00:00.166 --> 00:00:02.544 - As we have, you know, the manufacturing facilities 00:00:02.544 --> 00:00:05.714 where we produce amazing therapies for our patients, 00:00:05.714 --> 00:00:08.675 we are building our digital factories where we produce data 00:00:08.675 --> 00:00:09.759 and digital solutions. 00:00:09.759 --> 00:00:15.098 Soft Music 00:00:15.098 --> 00:00:16.182 - You mentioned 00:00:16.182 --> 00:00:18.935 that you embarked on a large digital transformation 00:00:18.935 --> 00:00:20.770 to fulfill your mission. 00:00:20.770 --> 00:00:23.440 What is it about, 00:00:23.440 --> 00:00:26.526 and what are the impacts you're aiming for? 00:00:26.526 --> 00:00:27.736 - Yeah. A couple of years ago, 00:00:27.736 --> 00:00:30.196 we created a new operative model. 00:00:30.196 --> 00:00:32.449 We created a new function called Data, 00:00:32.449 --> 00:00:33.616 Digital & Technology. 00:00:33.616 --> 00:00:35.452 And this is the function that I'm leading, 00:00:36.327 --> 00:00:40.915 where we basically embed into the business, resources, 00:00:40.915 --> 00:00:42.500 I mean people 00:00:42.500 --> 00:00:45.086 and budget to really accelerate 00:00:45.086 --> 00:00:47.380 the digital transformation in all functions. 00:00:47.380 --> 00:00:49.674 And at the same time, we created a, 00:00:49.674 --> 00:00:51.676 we created a stronger core 00:00:51.676 --> 00:00:54.137 to really accelerate value right across the value 00:00:54.137 --> 00:00:55.305 chain and connect the dots. 00:00:55.305 --> 00:00:57.432 When we designed the new organization, we realized 00:00:57.432 --> 00:00:59.559 that more than 80% 00:00:59.559 --> 00:01:02.729 of our digital workforce was externalized. 00:01:02.729 --> 00:01:05.065 And so if you have a bold ambition, 00:01:05.065 --> 00:01:08.068 like being a three stars Michelin chef, 00:01:08.068 --> 00:01:09.527 you don't outsource your kitchen. 00:01:10.528 --> 00:01:14.074 You want to have the best sous chef with you, the best crew 00:01:14.949 --> 00:01:17.619 you want to source, you know, the best ingredients. 00:01:17.619 --> 00:01:21.289 And I think, you know, this is very similar 00:01:21.289 --> 00:01:22.665 to a digital journey. 00:01:22.665 --> 00:01:26.086 You need to own the critical capabilities that are relevant 00:01:26.086 --> 00:01:27.587 to succeeding long term. 00:01:27.587 --> 00:01:30.965 And that also required, you know, a massive insourcing. 00:01:30.965 --> 00:01:32.050 That's the reason why we created 00:01:32.050 --> 00:01:34.094 what we call Innovation Capability Centers. 00:01:34.094 --> 00:01:36.054 Those are our digital factories. 00:01:36.054 --> 00:01:38.348 As we have, you know, the manufacturing facilities 00:01:38.348 --> 00:01:41.476 where we produce amazing therapies for our patients. 00:01:41.476 --> 00:01:44.521 We are building our digital factories where we produce data 00:01:44.521 --> 00:01:45.855 and digital solutions 00:01:45.855 --> 00:01:48.525 to create value across the organization. 00:01:48.525 --> 00:01:51.945 So we have basically a scientific pipeline 00:01:51.945 --> 00:01:53.530 and we have a digital pipeline. 00:01:53.530 --> 00:01:56.366 And the big shift for the organization was really to 00:01:57.367 --> 00:02:00.829 think in short term about again, how to deliver value 00:02:00.829 --> 00:02:02.288 with a minimal investment. 00:02:02.288 --> 00:02:04.415 This concept of MVP 00:02:04.415 --> 00:02:07.085 and how actually you are committed right 00:02:07.085 --> 00:02:09.337 to scale the value across the organization 00:02:09.337 --> 00:02:12.549 with further releases that change completely 00:02:12.549 --> 00:02:15.135 how we prioritize basically investment in the organization. 00:02:15.135 --> 00:02:18.638 And we are very focused on the value that we want to create. 00:02:18.638 --> 00:02:21.099 And for us, value is an equation 00:02:21.099 --> 00:02:24.310 of three dimensions: is being better, 00:02:24.310 --> 00:02:26.646 faster, and more efficient. 00:02:26.646 --> 00:02:28.022 - I really like the value focus, 00:02:28.022 --> 00:02:31.109 and my feeling is many haven't got that right. 00:02:31.109 --> 00:02:35.321 - And it's complicated because creating value in the 00:02:35.321 --> 00:02:37.073 commercial organization 00:02:37.073 --> 00:02:40.368 and investing more on, you know, customer experience 00:02:40.368 --> 00:02:45.039 or personalization, ultimately is not directly linked 00:02:45.039 --> 00:02:46.541 to more revenues, right? 00:02:46.541 --> 00:02:49.002 So you need to find new ways 00:02:49.002 --> 00:02:51.546 to really measure the impact of your investment. 00:02:51.546 --> 00:02:55.967 Soft Music