Making the Right Product Decisions Even Better
By Kerrie Foy on Dec 06, 2011
It’s a common problem – more information adds complexity spanning several dimensions: Where did it come from, and where should it go? How do you organize it? Who needs to know, react, deliver? How do you respond and what are the implications of each option? Do you even know everything you should? What is missing? Is it accurate?
Yes, the multitude of today’s data can be massively overwhelming without the right plan in place to synthesize it. Bluntly, not having the right handle on data as a company can be downright disastrous! As companies continuously generate and collect data, it grows increasingly difficult to comprehensively take the correct information to the next level: the best decisive action.
Product Lifecycle Management (PLM), like most applications, generates many data points about product performance every day. Using best-in-class solutions like Oracle’s Agile PLM to consolidate data, streamline processes, and connect all aspects of a product network to speed time to market provides extremely valuable results for a business looking to achieve a competitive advantage through profitable innovation.
But take a step back and consider: what would an executive level analysis of all the activity inside your PLM solutions reveal about your business? Consider being able to glance at a dashboard of charts and graphs tailored to your business, instantly gather deep insight into product performance, and then make the best decisive action.
The Oracle Product Lifecycle Analytics solution enables companies to gain actionable insight into large volumes of product lifecycle data from all operations and entities, exposing critical trends and metrics that enable business users at all levels to make key product decisions. With increased visibility into the new product development pipeline, product risks, and quality trends, companies can make the most informed product investment decisions, mitigate new product risks, increase responsiveness to product complaints, and improve customer satisfaction.
Oracle Product Lifecycle Analytics is making headlines as today’s complexity increases. Gary Swanson, VP of Corporate Quality at Herbalife speaks in a webcast in early December 2011 about how his company leverages the solution to support major corporate initiatives around innovation. Swanson spoke at Oracle OpenWorld 2011, and even accepted Herbalife’s 2011 Consumer Goods Industry Excellence Award for Product Innovation. Also, you can check out the Oracle Product Lifecycle Analytics data sheet for more specific details, and view this YouTube video about “Turning Innovation into a Competitive Advantage” by making the right decisions about your products.
Making the right decision at the right time depends a lot on the information available. Empowering decision-makers at all levels of the business with the most accurate, relevant data in a timely manner is critical to success no matter what product you bring to market. Deploying quickly with rapid ROI, Oracle Product Lifecycle Analytics delivers sophisticated analysis to drive performance excellence and improve customer satisfaction.