Optimizing Decision Making Across the Product Lifecycle

OPTIMIZE DECISION-MAKING ACROSS THE PRODUCT LIFECYCLE GLOBAL MANUFACTURING ORGANIZATIONS THAT FIND THEIR CURRENT SYSTEMS FAIL TO SUPPORT INNOVATION CEOS THAT RANKED INNOVATION AS THEIR TOP GLOBAL CHALLENGE: DECISION-MAKING: 90% 60%- 54 OF DECISIONS ARE MADE DIFFICULT BY INCOMPLETE, % INCONSISTENT & INADEQUATE INFORMATION GLOBAL MANUFACTURERS MUST BETTER NETWORK & LEVERAGE PEOPLE &KNOWLEDGE INSIDE & OUTSIDE THE ORGANIZATION TO SPUR PRODUCTIVITY & ACCELERATE INNOVATION. HOW MUCH TIMC DOES YOUR ORGANIZATION WASTE? KNOWLEDGE WORKERS' TIME (40-HR WORK WEEK) SEARCHING FOR - INFORMATION ANALYZING INFORMATION 80% COMMUNICATING & COLLABORATING OF RESEARCH TIME IS SPENT DUPLICATING RESEARCH & WORK PREVIOUSLY DONE SOURCE: IDC 6.5 HRS 8 HRS 9 HRS CAUSE DATA EXPLOSION UNSTRUCTURED DATA 2009 0.8 ZB BY 2020, IDC EXPECTS BUSINESS DATA TO INCREASE 44X TO 35 ZETTABYTES UNSTRUCTURED DATA REPRESENTS UP TO 80% OF THE DATA WITHIN AN ORGANIZATION – IBM 2020 35 ZB 80% BIG DATA SOCIAL MEDIA DATA MCKINSEY CALLS BIG DATA THE 'NEXT FRONTIER FOR INNOVATION, COMPETITION & PRODUCTIVITY'. MANUFACTURERS, IN PARTICULAR, STAND TO BENEFIT GREATLY FROM THE ABILITY TO HARNESS & ANALYZE LARGE DATA SETS EVERY 60 SECONDS THERE ARE: 700,000 FACEBOOK STATUS UPDATES 100,000 NEW TWEETS - 1500 NEW BLOG POSTS - HUNDREDS OF THOUSANDS OF COMMENTS BEING MADE ABOUT PRODUCTS, SERVICES, & BRANDS FAILURE OF SEARCH ONLY 44% OF CORPORATE USERS CAN FIND THE (INTERNAL) FILE THEY ARE LOOKING FOR - FORRESTER MANAGERS SPEND 2 HOURS A DAY LOOKING FOR INFORMATION. 50% OF THE FOUND INFO IS OF NO VALUE - ACCENTURE 1 IN 3 KNOWLEDGE WORKERS FRUSTRATED BY FAILED SEARCHES HIDDEN COST OF WASTED SEARCH EFFORTS $14K PER EMPLOYEE/YEAR - IDC INFORMRECISION WITH Goldfire CONNECTING ENGINEERS, SCIENTISTS, & RESEARCHERS TO INFORMATION, EXPERTS, & INSIGHTS IN ORDER TO UNSTRUCTURED DATA 300+ ACCELERATE PRODUCT DECISIONS document types languages DOMAIN EXTERNAL EXPERTS INTERNAL CONTENT CONTENT CONSUMER TECHNOLOGY SENTIMENT TRENDS COMPETITIVE BIG DATA TRENDS *The Digital Workplace - Redefining Productivity in the Information Age - McKinsey Global Institute LEARN HOW TO BETTER OPTIMIZE PRODUCT DECISIONS TODAY: InventionMachine.com/OptimizeDecisions & EFFECT