As a device manufacturer, you must innovate continuously to maintain a competitive edge. Along with other industries like automotive and consumer electronics, your focus is on the meticulous design of your product. This involves identifying and eliminating excess costs, enabling you to sell profitably in cash-strapped traditional and price-conscious new markets.

History has demonstrated that the winners deliver precisely what the customer wants — nothing less, nothing more (maybe sometimes a little more) — at the best possible price. To overcome your challenges, you need the right tools and a new way of thinking based on insights from comprehensive, error-free data. In other words, you need a single source of truth that all teams in your company can contribute to and rely on for accuracy. You also must identify the most cost-effective ways to deliver value while maximizing profit margin.