For Dr. Daniel Pascheles, the chaos and uncertainty of the current environment is no match for preparation and the right tools. Molekule Consulting, a specialist biopharmaceutical and life sciences company that employs MDs, PhDs, and other experts to deliver best in class competitive intelligence and insights, has seamlessly transitioned to a fully remote business while supporting clients that are impacted by COVID.
“We help them to cope with and align to the new environment,” said Dr. Pascheles, CEO of Molekule Consulting. While the team values face-to-face interactions with clients under normal circumstances, they’ve also noticed benefits to the current environment, including the fact that clients continue to be very engaged and have embraced virtual tools such as Zoom, Microsoft Team and Skype much more than in the past to meet and interact with his team.
Pascheles credits his team’s agility in the current environment to several factors. Remote work was not an adjustment as many of his consultants already work from home and so productivity was not disrupted by stay-at-home orders. Additionally, they’ve invested in the right tool for the team: every member of the team has an AlphaSense license, so the entire team is able to continue working independently just the same as before.
Leveraging AlphaSense content, alerts, and advanced search capabilities results in time savings of 10+ hours per week for his team, contributing to better quality output for clients and driving confidence among the consultants in a comprehensive view of the ever-evolving competitive landscape.
“Some of our clients have AlphaSense,” Dr. Pascheles points out, noting that these clients will also have high awareness of new data or emerging issues impacting their industries. “It’s good to stay on par with the information they’re consuming.”
“Every member of the team has an AlphaSense license, so the entire team is able to continue working independently just the same as before” Dr. Daniel Pascheles, CEO
When describing the value his top-performing team finds in AlphaSense, he notes the following:
- Saved time accessing disparate datasets that are in one place
- Access to unique, high quality AlphaSense content sources (such as equity research) which otherwise the team would not have
- Tools like alerts and feeds that ensure a proactive versus reactive approach
- Insights that “we might not have found or would have taken much longer to find without AlphaSense”
Pascheles considers AlphaSense a critical tool during and beyond the current environment. Without AlphaSense, the team would waste time searching disparate sources for insights, piecemeal fragmented information together in a cumbersome way and still have lower confidence that their research was comprehensive. With the time savings AlphaSense enables, the Molekule team is able to both conduct deeper analysis, and restore work-life balance.
“In consulting, you have to do what you have to do,” he says. “So if you can be more efficient in your work, you end up working less hours in the end.”