Editorial archive of Creangel. The references, figures and conditions correspond to the original publication.
In today's world, unfettered competition, pressure on profit margins, the cost of creating and launching new projects, little space in demand and new markets, and in many cases overruns in production, lead companies to focus all their efforts on driving innovation, achieving new cost reduction strategies and having a product in the market as quickly as possible and this is where the term R & D is playing a crucial role.
On the other hand we have that what the consumer wants and expects changes rapidly, as well as quality standards, competition, demand, technical and legal requirements. Companies, having all these variables, must keep up to date a large number of criteria. And the same companies wondered, to whom does this responsibility belong? From a few years to here, all these variables and all these changes in the area of research and development (R & D) have been brought together.
But what is R & D? The main function of this department is the search for and analysis of different services, products, methodologies, activities that can improve the current and projected future life of the organization. Research and development are among the most relevant and indispensable aspects of a company's growth and sustainability, so much so that organizations are now confident of the profits in betting on knowledge management, bearing in mind that since 2017 companies have not classified it as an expense, nor as a cost of production, but rather as a valuable investment for sustaining the present and growing future of the company.
The R & D team is indispensable within the organization and its contribution is invaluable, since among other things they are in charge of giving it a stable vision and projected towards the future within companies, either developing new ways of doing processes, or new technologies, or different variables existing around the product, competition, market or consumer. This in order to reinvent the organizations, obtaining greater cross-cutting benefits for the company directly impacting the user.
One of the pillars for R & D departments to carry out good work in favor of the company's interests is to give them the possibility to nurture information, not from a piece or a segment, but from all the information. Customer data, competition, scientific environment, market or experts. Information that on many occasions already possesses the organization of years of experience or of seeing the market. However, this is not so simple, because in the world of the sea of data, this amount of information can leave the areas completely overwhelmed. By having the information there are more challenges in their management, organization and most important to find and access it. Responding to this need to access information and find it in a timely manner, organizations opted for knowledge-based search and management solutions Artificial Intelligence (hereinafter referred to as AI).
Incorporating AI into knowledge management or business search solutions can help the R & D team find and use the information already available to the company in an agile and assertive way. Data not only by word search, but relevant, get faster answers to any question, optimize decision-making, but especially with full data and real time.
Business search tools are able to adapt machine learning, helping companies in their ability to track processes, files, documents, images, workflows and any monitored data, improving the use of how content is used within the company. Companies constantly generate knowledge, data and information from a variety of sources across the company. For example, the production area creates daily data content of inputs, labour, raw material transformation etc. Finance of accounting information, bank movements, entry and exit, stock exchange behavior. The marketing department is constantly creating product content, competition, customers, brand, suppliers. All this information that the company constantly creates, is invaluable and useful, however, its validity and relevance also changes rapidly and its value is devalued for the company's interests. To keep your update and relevance tools like IFINDIT create a user-friendly information search experience, connecting the data you need and presenting the most relevant information in the first place. Using artificial intelligence techniques that make business search engines, smart tools that anticipate needs and reduce search time, expanding experience and revealing information from across the company without depending on format, source or origin, accessing from a secure point of view and with permissions to access information delivered by the company; the R & D team globally access information that helps optimize and manage available resources, accelerate product delivery, reduce costs, take advantage of intellectual property, understand the market and consumers by improving impact opportunities, minimize workers' loss of labour or dead time, improve product quality and safety, but above all by making processes more cost-effective. Additional IFINDIT gives you the way to manage information efficiently. Through the control dashboards, information can be integrated into a single system and get answers to key and updated questions in real time. Connect data more quickly thanks to the connector innovation that IFINDIT integrates into any database, system or repository. In addition, generating the user's own visibility on pre-set dashboards and building those that fit more to the need for R & D.
In Conclusion, the IFINDIT tool is able to make use of and take advantage of each of the data and information of the entire organization, information not only as a query or as a library, but to react and learn quickly from the needs surrounding the objectives and goals of the R & D team and the demands of the environment. It efficiently teaches cross-sectional teams to use and work around the collaboration of information gathering, efficiently sharing their work, so that companies can make better decisions, reduce organizational, production, sales risks, stimulate and promote innovation.
Author: Creangel