Library: Resources & Media

Raw material suppliers that aspire to enter new segments within the coatings industry may find themselves going “back to the drawing board” as it becomes clear the products they develop do not provide a strong value proposition to their customers. These companies should consider shortening their product development cycle by acquiring personnel with relevant coatings experience or partnering with an experienced third party to support their product development efforts.

Leveraging sophisticated market intelligence tools like business cycle analysis can enhance the efficacy of your data-driven decision-making process, facilitating the attainment of your strategic objectives. By harnessing the power of visualizing market trends through BCA and forecasting crucial industry indicators, you gain a pivotal piece of the puzzle that sets you apart from your competitors.

Several variables, including a company’s objectives and the available types and quality of data, affect how precisely data may be incorporated into the decision-making process. Every contemporary company should work to optimize their data-driven decision making to ensure profitable growth.