R&D is the epicenter of an organization, whether within a large aircraft manufacturer or a leading automobile company looking to develop cutting edge products and services or a pharmaceutical company accelerating time-to-market for new drugs or a CPG company reinventing waning products.
R&D thrives on information: customer information, expert information, product information, scientific information, market information, and competitive information. To be at the forefront of innovation, R&D departments need complete visibility into both new and historical information across the entire enterprise as well as access to research from external public and premium information services. This is no easy feat in today’s world where we are inundated with data — more data, more opportunities and more challenges. As a result, many companies depend on Cognitive Search & Analytics (CS&A) solutions to:
- Accelerate delivery of innovative products to market.
- Optimize and manage available resources and knowledge while leveraging intellectual property.
- Devise methods to reduce product development costs and eliminate re-work.
- Improve product compliance both internally and externally.
- Understand consumer and market demands and improve responsiveness.
- Resolve product issues quickly and efficiently to gain and keep customer trust.
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Large, global manufacturers focus on operational excellence, which leads to improved customer satisfaction and increased revenue. Managers and employees within these organizations increasingly rely on accurate, up to the minute information to drive actions and decisions that impact the bottom line. In order to meet their operational goals, these organizations must leverage modern information technology to make relevant expertise and information available to all stakeholders on demand, while of course respecting access security.
The active investment management industry exists to generate above-market returns, called investment alpha. With passive index managers plundering assets from active managers, this approach isn't sustainable. Active investment managers need to surface the value of data inside their firms. Silo'ed and scattered data hides untapped value. Delivering exceptional performance (alpha) across functions, such as distribution, service, and transformation creates enduring competitive advantage.