Business Intelligence: Do More Jacqui Stievenart & Warren Tracey 1 SMART Summit 2013 1 Drowning in Information? 2 SMART Summit 2013 2 Whatever You’re Trying to Do, Analytics is the Answer Finance Sales Marketing Supply Chain Product Innovation Improve Performance Increase Sales Brand Loyalty Optimize Inventory Speed to Market Budgeting, Planning & Consolidation Trade Promotion Effectiveness Brand Performance Analysis On-Shelf Availability Analysis Customer Sentiment Analysis Operational Visibility Customer Profitability Analysis Marketing Mix Analysis Sales & Operations Planning Mobile Analytics – Speed of Information Net Margin Analysis Sales Analytics CRM – Embedded Analytics Supply Chain Performance Management Product Portfolio Management 3 SMART Summit 2013 3 TODAY’S PRINCIPAL BUSINESS METRICS ARE OVER A CENTURY OLD • Financial statements • Balance sheets • Net income SMART Summit 2013 4 TRADITIONAL FINANCIAL METRICS ARE BACKWARD-LOOKING Most Established KPIs too 5 SMART Summit 2013 5 WHEN WE REALLY NEED TO BE LOOKING FORWARD 6 SMART Summit 2013 6 Progressive Expertise View Reports Strategic Analysis 7 SMART Summit 2013 7 ANALYTIC MATURITY Prescriptive: How can we make it happen? Predictive: What will happen? Diagnostic: Why did it happen? Descriptive: What happened? Hindsight Insight Foresight 8 SMART Summit 2013 8 NEW INFORMATION SIGNALS What signals are you missing? :-) Brand Sentiment Higher NPS Asset Tracking Increase Productivity Propensity to Churn Greater Retention Predictive Maintenance Less Downtime Personalized Care Loyal Customers Real-time Demand/ Supply Forecast More Efficient Network Optimization Lower Cost Product Recommendation More Sales 360O Customer View Loyal Customers Insider Threats Greater Security Risk Mitigation, Real-time Retain Market Value Fraud Detection Lower Risk “ 70% of respondents can envisage a “killer application” for big data that would be “very useful” or “spectacular” for their business. The majority chose not to disclose what that application would be because it would provide a competitive advantage. ” AIIM survey of 345 Information Professionals 2012 9 SMART Summit 2013 9 Spend time on data quality Edward James Snowden Edward Joseph Snowden 10 SMART Summit 2013 10 Mobile Analytics 11 SMART Summit 2013 11 Coinstar • Inventory Optimization • Real time Offers • Servicing 12 SMART Summit 2013 12 • Keeping citizens informed • Keeping city aligned • Adapting to realtime feedback 13 SMART Summit 2013 13 • NBA.com/stats 14 SMART Summit 2013 14 • Geospatial Mapping 15 SMART Summit 2013 15 16 SMART Summit 2013 16 Demo 17 SMART Summit 2013 17 THE POSSIBILITIES ARE ENDLESS… Instantly predict market trends and customer needs Provide exactly the right offers and service levels to every customer Predict how market price volatility will impact your production plans Have a continuously-updated window onto future sales, showing changes in real time See changes in demand or supply across your entire Supply Chain immediately Understand what your customers and potential customers are saying about you, right now Monitor and analyze all deviations and quality issues in your production process Predict cash flows to manage collections, risk and short-term borrowing in real time Design Thinking 18 SMART Summit 2013 18 It’s All About Evolution: Do More “It's not the strongest that survive, nor the most intelligent, but the ones most responsive to change.” Charles Darwin Pa 19 SMART Summit 2013 19 Thank you! Questions ? Jacqui Stievenart and Warren Tracey jacqui.stievenart@adaptit.co.za Warren.tracey@adaptit.co.za 20 SMART Summit 2013 20