Tags: 3rd Party Data, Analytics, CDD, Competitive Positioning, Consumer Due Diligence, Crunch Data, Customer Relationships, David Crout, Harvest Information, Internal Data., M&A, Market Dynamics, Market Intelligence, Pamela Edmond, PMSI and AlignAlytics, pmsiconsulting, Post Completion
Tags: D3, d3js, dimple, dimplejs, Goldilocks and the D3 Bears, john kiernander, open-source software, PMSI and AlignAlytics
Author: John Kiernander
The brevity is good but it’s the flexibility and readability which we were really shooting for. So try switching the letters “x” and “y” on the add axis lines and you get a horizontal bar chart, change “bar” in the “addSeries” line to “bubble”, “line” or “area” and you’ll get those respective chart types. Or better still copy the “addSeries” line and change the plot to get a multiple series chart. You can go on to add multiple axes, different axis types, storyboards (for animation), legends and more. For ideas see the examples, or if you are feeling brave the advanced examples which I try to update regularly.
Tags: analytics and consistent reporting, “single version of the truth”?, critical KPIs, data consistency, data unification, data visualisation tools, data warehouses and reporting systems, improve segmentation, information strategy, methodologies and technologies, Nadya Chernusheva, PMSI and AlignAlytics, portfolio of brands, reliable & consistent information, revolutionising decision making
Author: Nadya Chernusheva
Tags: alignment strategy, amalgamating, big group project, Business Analytics and Performance Management, Business Analytics Strategy Experience Workshop, Collaborative knowledge., divide and conquer, enterprise priorities., inspire teamwork, kick-start your team’s alignment, PMSI and AlignAlytics, profitability, school teachers, Scoring an A in Analytics, strategic objectives, trigger alignment
Author: Nick Petrow
Remember when you were in school and your teacher assigned a big group project? What was the first thing you and your group did? I am willing to bet that, at least once, you found the easiest way was to split it and assign one segment to each group member. You then went home, completed your “fair share” and brought it in the next day without collaboration (or interruption) from your teammates. I don’t blame you, we’ve all done it. Plus, working alone is much easier than having the headache of amalgamating the different standards and work styles of the group.
Although this “divide and conquer” technique may be easier, it is not necessarily the best strategy. Not only does this tactic disturb the continuity of the final product, but it also ignores the most valuable asset a team has to offer: Collaborative knowledge.
Knowledge capture is increasingly seen as a priority by executives using different social media and cloud-sharing tools in order to inspire teamwork. It generates better results. When members of a team work in silos, the ability to share knowledge is inhibited and that resource is wasted.
Trying to operate without all members of a team working together is like trying to pedal a bicycle with misaligned gears. However a misaligned business is much harder to diagnose and fix than a broken bike. Generally, executives do not realize the problem until it has adversely affected profitability. Personally, I did not realize the danger of working in silos until I underperformed on a group project. For a business, the moment of realization may occur when revenue is below the internal forecast for a quarter. This moment of realization will often function as the kick-off point for alignment within the silos of a business.
No one likes to underperform, but it may be just the wake-up call your business needs to trigger alignment. Like the bicycle with the misaligned gears – only after a stressful day when the bike fails completely causing you to be late for work, is the initiative to fix it sparked. Once the bike is fixed your commute to work will be much more efficient. That one day you were late for work will be well worth the strain.
So, next time your team underperforms, do not view it as a hassle or a failure. Instead, view it as an opportunity to motivate your team to abolish silos and begin working together. In the end, it could be the most valuable quarter all year!
Would you rather skip the underperforming step? Check out how our Business Analytics Strategy Experience Workshop can kick-start your team’s alignment in this cool video! http://www.youtube.com/watch?v=iZOcpgLNoAs
Tags: data warehousing, PMSI and AlignAlytics, richard jolly & pamela edmond
Tags: 7 steps, alignment, Business Analytics Success, business analytics system, business excellence, clear line of sight, film making process, Forging a CFO/CIO Partnership, how to guide, Performance Driver Approach, PMSI and AlignAlytics
Author: Vivek Kadiwar
When it comes to making a successful movie, there is no secret formula to assure you’ll produce the next blockbuster hit. That said, there’s a range of actions that all producers take during the film making process.
So what separates the good from the great? The winners from the losers?
The key to success lies in how well these series of steps are implemented by the producers. It’s about finding the right script to match your vision, hiring a director that understands your vision and finding the right set of actors to carry out your vision. When the whole team is on the same page, as a producer, it becomes much easier to execute your plan.
In the last decade, the benefits of analytics have become clear throughout most businesses, yet companies still face multiple hurdles in maximizing the value of the analytic systems they have in place. Most business analytics problems within an organization come as a result of a lack of collaboration, alignment, and communication. In a large business organization it’s not always an easy task to get everybody on the same page. The solution to these problems is creating a clear “line of sight” (click link below) from the top to the bottom of the company. Thus, the key to a powerful business analytics system is very similar to creating a successful movie. There truly must be an aligned goal for every member involved in the process. Just as the producer and director should be on the same page to increase the success of a film; the same goes for a CFO and CIO of a company trying to improve the value of analytics.
Here are the 7 steps to having a well-connected business analytics system. Read the article below to better understand how linking decisions to drivers to outcomes can connect your strategic, financial, and operational goals within your organization
Tags: carbon reduction, communities who generate their own electricity, ECO, energy bills, Energy Company Obligation, energy efficiency, FiT, Gary Engelbert, Green Deal, investment, investment and growth strategies, investment targets, market intelligence services, PMSI Consulting, Renewable Energy, Renewable Heat Incentive, RHI, Solar PV, UK Government has committed to an ambitious target
Author: Gary Engelbert
UK targets for carbon reduction in housing have lead to a number of new government initiatives to support spend on energy efficiency works
The UK Government has committed to an ambitious target of 30% carbon reduction by 2020. Housing plays a significant role in meeting this target as it contributes just over a quarter of overall UK carbon emissions. As part of this drive for energy efficiency a number of government initiatives are in place that help fund relevant works in domestic properties:
We estimate that the incremental spend on measures to be worth £10.8Bn to 2017/18 based on modelling the profile of each initiative
The most significant initiative is the new Energy Company Obligation (ECO)…
ECO took effect from January 2013 and is an obligation placed on the big 6 energy companies to finance energy efficiency measures with specific targets on energy savings. The scheme is paid for by energy companies who typically increase energy bills to their customers in order to fund it. Spend is likely to be back-loaded in 2 yearly cycles as the deadlines for meeting carbon savings approach. ECO will focus on providing energy efficiency measures to low income and vulnerable consumers and those living in hard-to-treat properties. Therefore, there will be a sharp rise in the need for contractors and specialists involved in insulation measures (specifically solid wall insulation) in areas of social depravation. The initiative is envisioned to last for at least 10 years at a broadly similar level of investment.
…whilst Feed-in-tariffs (FiT), the Green Deal and the Renewable Heat Incentive (RHI) will increasingly support spend in later years
Feed-in-tariffs (FIT) are regular payments from energy companies to householders and communities who generate their own electricity. During 2011 uptake increased dramatically culminating in early December when everyone was rushing to install Solar PV while the payment rates were high. Installation of Solar PV will likely drop off in 2013/14 and 2014/15 driven by the reduction in generation rates, but then start to grow again (although never recovering to the ‘boom’ levels of 2011).
The Green Deal is a further, potentially significant source of funding. It enables private firms to offer consumers energy efficiency improvements to their homes, at no upfront cost, with payments recouped through a proportion of the reduction on their energy bills. Although slow to start, the Green Deal will undoubtedly be a driver of spend in future years. There are 45 measures approved to receive funding under the Green Deal, covering insulation, heating and hot water, glazing and micro-generation. Installers must be authorised and may specialise in one or multiple measures.
The Renewable Heat Incentive provides a continuous income stream over 20 years to anyone that installs an eligible renewable heating system. Unlike FiT, it will be paid for by the Government not by energy users. RHI has been delayed for domestic customers, the Government now intending to announce the final details in summer 2013 and open the schemes for payment from spring 2014. We expect spend to grow over time, as the scheme kicks off and as technologies such solar water heating and air source heat pumps become cheaper and more effective.
This is a new and exciting market that PMSI have worked in consistently while it has developed over the last 5 years. We see huge opportunities for the companies able to exploit this “growth wave” and have built up a database of potential investment targets.
Tags: 5 Keys to Business Analytics Program Success, aligning business goals, Analytics Center of Excellence, business and IT specialists, keeping a house clean, making better business decisions, meaningful insight, PMSI and AlignAlytics, roadmap, strategic priorities, tools and technology, Tracy Lee Harris
Author: Nick Petrow
When I was younger my parents went to Paris for their 20th anniversary and left my two sisters and I at home alone for the first time. My Mother had two rules: we must keep the house clean – and we absolutely must not kill each other – both of which proved equally difficult. However, I distinctly recall thinking to myself: Keeping the house clean is going to be so easy without Mom making me do unnecessary work. Spoiler Alert: I was very wrong.
It should not have been that much work. Between the three of us we did 90% of the cleaning when my Mother was home anyways. But without her, everything seemed to take twice as long. Why was it such a difficult task without our Mother? Without her, we were unable to see the big picture. We did not clean up messes as they occurred and they became bigger messes. We did not communicate with each other and ended up duplicating tasks (we each vacuumed the floor once not knowing that it had already been done). Finally, we failed to set standards for what constituted as“clean.”
My Mother effectively kept the team working together. She put procedures in place, ensured communication, and set the standard and strategy for cleanliness. These seemingly simple structures ultimately enabled us to keep the house clean in the most efficient manner. The same thought applies to business. If something as simple as keeping a house clean is so fragile and dependent on teamwork and communication, what are businesses to do with large teams and complex priorities such as adopting business analytics capabilities? How do businesses guarantee that their strategic priorities are being driven forward?
Answer: The Analytics Center of Excellence.
Too many companies read about the miraculous solutions of analytics and attempt to invest heavily in tools and technology. , However, without the strategy and team in place it often results in low value and an inability to yield true insight. When it comes to Business Analytics, organizations need to have a guiding force in place to set the priorities and get the teams collaborating to achieve the results they are looking for. They need a way to implement all the necessary parts of an analytics strategy while taking into account the big picture. Enter The Analytics Center of Excellence.
What is an Analytics Center of Excellence? It depends on the company, its goals and its culture. It may be a team of business and IT specialists working together or a virtual network of Domain Experts from each line of business headed by a Chief Analytics Officer. However you exactly decide to set up your Analytics Center of Excellence is dependent on a number of factors; but there are some things all successful ones have in a common. A successful Analytics Center of Excellence has the right resources, role definitions, skills, and expertise to establish processes, facilitate proper communication, and develop and maintain a set of standards. A successful Center of Excellence will ensure that your company’s analytics program is aligning business goals with meaningful insight, so you are getting the right information you need to make better business decisions.
A company without a Center of Excellence is no different than my family working in silos to keep the house clean without the driving force of our Mother keeping us communicating and on-target. So, before you try to open the door to the exciting new world of analytics, first take a step back and think about how you set up your strategy and people with the Analytics Center of Excellence. Otherwise you may find yourself spending countless unnecessary hours putting everything back where it belongs before Mom gets home.
Our team at AlignAlytics has helped to author books on putting together a successful Business Analytics Program and setting up your strategy and Center of Excellence. You can download the executive overview of “5 Keys to Business Analytics Program Success” here http://bit.ly/13LHlIA , get started today on your analytics strategy with our Roadmap Services or reach out directly to @tracyleeharris @alignalytics or email@example.com to learn more.
Tags: Advanced Analytics, data-driven strategy and insight, Gabe Tribuiani, Manufacturing, multiple business intelligence, pairing wine & food, performance driver services, PMSI and AlignAlytics, roadmap services
Author: Gabe Tribuiani
As our society and economy has evolved, we’ve become accustomed to having an abundance of options in just about any decision we must make. However, it’s the excessive alternatives we are constantly confronted with that often complicate and delay decision making in our personal and professional lives. For example, I went out to dinner the other night and wanted to have a glass of wine with my meal. The waiter handed me a book an inch and a half thick containing their vast array of wine selections. Instead of wading through the pages, I quickly came up with a set of criteria to help me focus and determine my selection.
To start, white and rosé wines were immediately eliminated. I only drink white wine if I’m eating fish. Since I knew that I wasn’t going to order fish, it was simple for me to eliminate the whites (I ordered a pasta appetizer and beef entrée in case anyone is interested). Rosé isn’t really my thing unless I’m at an outdoor party in the summer and it’s mixed with fruit (à la homemade sangria).
I then narrowed my selection according to the type of taste & texture I wanted to experience on this particular night, I was in the mood for a smooth, even balanced, medium bodied, but not too fruity taste. This criterion narrowed my quest to the great varietals of Pinot Noir and Chianti. Because I had ordered a pasta based appetizer, my search led me to select a glass of Chianti (this also went great with the wood fired Tuscan style bread and homemade olive oil).
Finally, I assessed the value and cost (this is often where most people start every decision, particularly in business). I selected a $13 glass which was about middle of the road for the Chianti price point range. Boom! I just solved my wine selection problem in less than a minute using simple qualitative analytics and all I had to do was establish a core set of criteria that fit my personal needs.
Businesses should approach decision making in a similar fashion. By establishing a list of factors that matter to your organization today and that will also matter in the future, it will allow you to differentiate yourself amongst competitors and result in continuous growth. Begin collecting data surrounding these factors, constantly evaluate the outcomes of your decisions and modify/tweak your approaches. Let’s put this into some context.
Say for instance you’re an executive at a multinational manufacturer and part of your strategy is to strive for continual efficiency through operations. You may decide to invest in multiple Business Intelligence (BI) tools in order to meet this strategic initiative. The question then becomes who, where, and how should your dollars be invested to maximize the greatest return? (See performance driver services) Again, an abundance of alternatives exist.
In order to solve this problem, the organization may decide to embark on creating a BI roadmap (check out our roadmap services) and assess factors that will determine the analytical capabilities of the current operation and where they should go in the future. For instance, the manufacturer may want to assess the availability/timeliness of information. This factor will determine if the information is delivered to the users when required in order to do an effective job. Drilling down further, you may then assess the information’s relevancy. Does what I receive even matter in the context of my operating unit? If not, why would I continue to receive such information and what solutions are out there for me to resolve this issue would be typical follow up questions upon further evaluation. Asking simple yes/no questions such as “does the current technology allow me to view information in real-time?” can be just as insightful, particular for a manufacturing production facility.
Decision-making doesn’t have to be challenging or scary. If you take the time to set up a repeatable model, subject to regular evaluation and refinement, which fits your needs you can now begin to solve, simple (i.e. what am I going to eat for dinner tonight?) or complex (i.e. what new markets should we be competing in during the next 1, 3, or 5 years?) issues with greater speed and accuracy.
So, now that you’ve decided that analytical decision making is vital to your personal and professional success, let’s toast over a glass of wine (red preferably)!
Tags: 5 minutes with series, Advanced Analytics, AlignAlytics, analytics analogy, consulting, Danielle Mosimann, exchange programme, Gabe Tribuiani, London, merger agreement, PMSI and AlignAlytics, pub scene, Science Fiction, time travelling
….in conversation with Gabe Tribuiani