China Regional Service

Imagine giving your engineers back 15 percent of their time to solve problems and innovate. In this video, IHS Markit Product Design VP Chad Hawkinson discusses how leading-edge companies in multiple industry sectors are harnessing the power of unified information access for their engineers to drive innovation, resolve issues and deliver products to market ahead of the competition.

A global insurance industry leader brought efficiency to risk selection by standardizing with one information provider across all underwriting decisions. This firm thereby reduced research costs by 20%, established a ‘center of excellence’ internally and fueled growth by gaining insights to write risk in areas where others held back.

One of the world’s largest oilfield service providers enhanced the forecasting accuracy of its oil rig count model from 90 to 97.6 percent, predicted the impact of price changes on customer spending and demand for product lines (by leveraging 3,500 factors) and created a model that predicted the deflation of WTI crude oil prices in late 2014.

In this brief video, Paul Burton – Director of Research & Analysis for IHS Markit Defence Industry and Budgets – describes how a defense manufacturer overcame austere market conditions to unlock opportunities in emerging markets. Learn how the company used IHS Markit proprietary data and market forecasts, and worked with IHS Markit analysts, to secure a sale in a region where it had never before conducted business.