JMP Roundtable Discussion
Report: Gaining innovation momentum through data analytics
In September a group of scientists and engineers – business leaders in the world of research and development – gathered to discuss some of the challenges they face in getting to market faster, reducing product costs, and gaining insights more quickly.
We asked them to share their experiences working with data to drive innovation and the role of analytics in delivering value for their organisations.
According to McKinsey, organisations that lead the way in data analytics are staking out significant advantages – in manufacturing they achieve up to 50 per cent lower product development costs – so the pressure is on to leverage the data that many companies are generating.
Having the right tools to connect and analyse large data sets is essential. However, making the cultural shift to embrace data analytics is not always easy.
Download the full report below to discover more about the approaches these leading organisations are taking to drive innovation.