Transcription of Predictive Analytics: Accelerating & Enriching …
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Predictive Analytics: Accelerating & Enriching …
Predictive analytics : Accelerating & Enriching product DevelopmentWhile product developers are familiar with Predictive analytics , they often lack clarity when it comes to understanding how these tools can contribute to the success of new product concepts. Executive SummaryProduct development is all about Accelerating innovation, strengthening quality, speeding time to market, and keeping costs in line. By incor-porating Predictive analytics into the process, companies can sharpen their forecasts; better predict product performance, failures, and down-time; and generate more value for the business and its customers. A digital mock-up of 3D geometry is no longer enough because products are no longer just 3D mechanical creations. While new aspects of prod-uct development ( idea to launch ) continue to garner a lot of attention, integrating Predictive analytics into the process can be challenging requiring companies to thoroughly assess their strategic goals, their appetite for investment, and their willingness to experiment.
Predictive . Analytics: Accelerating & Enriching Product Development. While product developers are . familiar with predictive analytics, they often lack clarity when it …
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