Prior Situation / Scenario:
- Business decisions were not based on data
- Many data sources were dispersed and not fully integrated
- Different reports measure the same business KPIs (Key Performance Indicators) across the departments
- Complexity to implement predictive ML (Machine Learning) models
Client Challenges:
- Develop a data centric organization strategy
- Define and prioritize Analytics use cases in order to improve business decisions, processes and reduce operation costs
Strata Solution/ Key Enablers:
- Workshops to prioritize use cases, knowledge sharing to educate on importance of data and capabilities of advanced analytics
- Set up a cross functional team to develop data driven use cases
- Design and implementation of ML models for collection, fraud prevention, preventive maintenance and demand planning
Outcome:
- Data availability for advanced analytics and reporting
- Business decision-making based on KPI results
- ML models for collection and fraud prevention, demand planning and preventive maintenance
- Data driven corporate culture improvement
Results:
The new digital approach represents a significant change in the company by creating a Data Lab Team of 5-30 people that has already delivered significant results, going from one to eight-trimester projects