40 percent. Just four out of every ten manufacturers claim they have the decision-making capabilities necessary to innovate.
The preponderance of information available to product development teams is growing – in volume and in complexity - at an incredible rate. From internal knowledge to external authoritative content, companies across industries are struggling to fully leverage the wealth of available know-how in order to make better, faster, smarter product decisions. Decisions that materially impact the top and bottom line.
Last week, Supply & Demand Chain Executive and IHS hosted a complimentary webcast exploring the roadblocks companies face managing the rising tide of data. Solutions were also identified to help connect engineers and other product development personnel to the information, insights and expertise vital to a company's ability to drive innovation and improve efficiencies.
Check on the infographic below for a quick snapshot of the challenges organizations encounter in managing the data deluge and turning critical business information into actionable innovation intelligence.
To learn even more, watch the replay of the 'Information Tsunami' webcast.