Abbott Laboratories Honored By Ventana Research for Kalido Project with 2008 Information Technology Leadership Award

Health care leader gains competitive advantage with ability to identify products providing highest top-line growth


Burlington, MA – October 8, 2008
  • Kalido, the active information management company, congratulates Abbott Laboratories for winning the Ventana Research 2008 Overall Information Technology Leadership Award for its international sales data BI system, which is based on the Kalido Information Engine.
  • The annual award is presented to those companies that have leveraged business intelligence (BI), location intelligence, operational intelligence or information management technology for business advantage.
  • The BI system provides Abbott managers with a single version of the truth that they can use to secure quick, accurate, easy-to-understand answers to business questions -- questions that, at Abbott, constantly evolve and change.
    • Abbott's managers can quickly view reports on Key Performance Indicators (KPIs), product profitability and finances.
    • Business managers can use the system to look at sales by financial metric, by location, by currency and by product.
Impact and Results
  • The new BI system allows Abbott’s managers to view their business in historical, current and future contexts, enabling them to identify which products are providing the most top-line growth, and adjust their business strategy based on this intelligence.
  • Abbott managers can use the system to review performance against investment in emerging markets and generic drug strategies, helping them make better investment decisions.
  • It now takes only two weeks to reconfigure the system to address a major business change (acquisition, reorganization, etc), while in the past it would take four months or more. Moreover, the system is now able to able to deliver management reports in 70% less time.
  • The IT department now devotes fewer resources to reconfiguring the system when Abbott’s business changes.
  • The system’s flexibility means that it can be quickly adjusted to respond to changes in Abbott’s dynamic business environment.
Quotes
Peggy Mathias, manager HQ IT applications for Abbott Laboratories, said:
  • “Abbott’s competitive position in the global market relies on the single version of the truth for sales and margin information. Our business agility is reflected by how fast we can analyze data to make the right decisions for the company. Our Kalido-based BI system enables our organization to keep information accurate and up to date in order to deliver reports in less time to ensure that the content represents the evolving business.”

Mark Smith, CEO & EVP Research, Ventana Research, said:
  • “Achieving successful deployment of information technology requires organizations that can make the most of their investment, and deliver insights to advance business. Abbott Laboratories utilizing Kalido was able to provide critical sales and financial information and metrics in a consistent manner.”

Bill Hewitt, president and CEO of Kalido, said:
  • “Abbott is an example of large enterprises unlocking the potential of BI and maximizing its business benefits. We are proud of working with one of the most visionary teams in the health care segment. Their approach to business intelligence and data management is a shining example of how companies can deliver better BI for their business.”
About Ventana Research
Ventana Research is the leading benchmark research and advisory services firm. Unparalleled insights and best practices guidance are based on our rigorous, research-based benchmarking of people, processes, information and technology across business and IT functions worldwide. To learn how our benchmark research and assessment and advisory services can improve your organization’s performance, visit www.ventanaresearch.com.