As a partner of ours, MicroStrategy brings some very interesting capabilities which we think adds flexibility and agility. Along with thyssenkrupp Elevator, they showed that off in a session on Creating Actionable Intelligence here at the Gartner IT Expo.
thyssenkrupp builds elevators throughout the world across many countries and regions. This brings many challenges in understanding what’s happening in the business and acting on it. Eric White, director of data and analytics at thyssenkrupp presented on what they did and the value it brings.
Business Case
thyssenkrupp’s business case started with the problem statement, the business case, and desired outcome
Problem Statement
- Difficulties identifying accounts that negatively influence profitability
- Spending too much time preparing vs analyzing performance information
- 80% of the time was spent just getting the data together
- Lacking scalability across 140 locations and hundreds of business users
Business Case
- Drive profitability improvements in the service line of business
- Identify and manage opportunities to improve profitability
Desired Outcome
- Flagging, commenting, drilling, action, and notification capability
- Did it all in MicroStrategy
- Quick and easy access to simple and intuitive solution where training is via video of less than 40 minutes
- Had over 850 users for this
- Solution usage /adoption networks show increased usage by a majority of the business
Who: Branch Managers and Service Operations Management
Use Cases
- Analysis of service performance
- Routes, contracts, units, revenue / cost transaction
- One Stop Shop
- for analyzing service profitability
- Obtaining quick information about contracts and units
- Linked reports to save research time. Drill in and pop from one report to another
Reach: All U.S. branches and regions
Insight Usage
The application follows a business flow that’s a bit like this:
- Identify and flag
- Review and comment
- Create and manage
- Monitor over times
But first the starting point:
Best Practice: Always make sure there’s always a business process as part of the report
Best Practice: Ensure you can act upon the insight (flags, comments, action items, and audit trail)
Identify and Flag
The first part of the process is to identify and flag the account. This is the Albuquerque branch
The Future of Big Data
With some guidance, you can craft a data platform that is right for your organization’s needs and gets the most return from your data capital.
Review and Comment
Reviewing and commenting occurs inline with the application itself. You can also choose what elements to drill into.
Create and Manage
The screen shot below shows how you can setup actions that have due dates and are tracked to completion. this ensures enough oversite to get to a result.
Monitor Over Time
Over time, you can see what’s happening with the actions but also track the trends of the contracts / clients themselves.
Results
- 11,065 flags
- 5,600 comments
- 2,744 actions
- 20,000 transactions
- 0 support tickets
- decrease in time to analyze the data
Lessons Learned and Best Practices
Lessons learned can be distilled into three separate areas:
People
- Executive Sponsorship is key
- Have a champion
- Be prepared to answer business questions from the data
- Highlight the importance of value: e.g. transparency, accessibility, speed
- Create eLearning and other training. Don’t just leave the users hanging
- Understand the user personas and use cases
Process
- Don’t think you know more than your users
- “over” communicate
- Fail Fast: prove theories out and gain momentum
- Always have a mockup or prototype
- Don’t underestimate time needed for training development
- Always fit into a business process
- Build adoption and usage metrics to prove value
- MicroStrategy gives you the usage data in the apps so you can use this to iterate and improve
Technology
- Simple UI Design is best
- Monitor performance
- No CUSTOM MSTR development: We used what the tool brought
- Transaction Services works really well for light to medium weight transaction needs
- MicroStrategy is the star
- There is no custom code in this. It was all functionality provided by MicroStrategy
Future Considerations
thyssennkrupp aligns to the business strategy. They focus on 5 pillars:
- Governance
- Technology leadership
- Data management
- Analytics
- Operational excellence
Future Roadmap
- Foundational
- Where they are today
- Get the back end data to work
- Give actionable insight
- Competitive
- Master data management
- Dashboard and scorecards
- Process automation and workflow
- Move platform to the cloud
- Differentiating
- Predictions
- Contextual rules and patterns
- Business process integration
- Breakaway
- Prescriptive
- Real time
- Pattern-based strategies…
- With real context