Data mining and analysis. Data can be misleading and confusing, sometimes data is confounded with other factors. Unless you understand this, you might be making decisions on incomplete or faulty data. With modern statistical methods, it’s possible to find that needle in the haystack that has been pricking you. Is your data taking you down the wrong path?
Byproduct analysis. Repurposing byproducts can generate a revenue stream and reduce disposal costs. Does your process produce byproducts, or can it be modified to produce an additional revenue stream?
Market analyses and demand forecasting. Understanding your market, your competition, and potential related markets can help you anticipate when your product might be getting obsolete and stale. Understanding this early can help lead you to new opportunities. Consider an agile process that can quickly adapt to changing demand and seamless product changeovers. Do you understand your product lifecycle and the dynamics within your market?