IDC PlanScape: Product Life-Cycle Analytics
This IDC study on product life-cycle analytics strives to provide manufacturers with a guide to deploy analytics for support of the entire product life cycle: ideation, the engineering/R&D process, manufacturing, and improvement and delivery. The document answers the following questions:Why is product life-cycle analytics so important?What is product life-cycle analytics?Who are the key stakeholders, and what are the expected benefits to each stakeholder?How can my organization take advantage of product life-cycle analytics?"Having a rich analytics engine across your product life cycle is essential in today's digitally transformed world and will result in consistent return on R&D investment, faster time to market, faster engineering changes, lower direct material costs, improved product margins, and high product launch success rates. Product life-cycle analytics is a required capability today because of the connectivity of products and resulting data gold mine, as well as the expectation of customers to have unique, customized services delivered to them throughout the life of a product," said Jeff Hojlo, program director, IDC's Product Innovation Strategies.
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