BI and Predictive analytics 2011 shyam desigan presentation
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How organizations can utilize Cloud computing environment and Open source to build predictive analytics capability into their BI infrastructure.
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BI and Predictive analytics 2011 shyam desigan presentation
- 2. Getting the Most from BI & Analytics in the Cloud Shyam Desigan, CFO & CIO, Volunteers of America Chesapeake Sept. 20 2011
- 7. Executive Team needs: Rear View Mirror + Magnifying Class + Crystal Ball!! REAR VIEW MIRROR MAGNIFYING GLASS CRYSTAL BALL What happened? What exactly is the problem? What will happen next? How many, how often? Why is this happening? What if the trends continue? What actions are needed? What are the risks/opportunities? REAR VIEW CURRENT VIEW FORWARD-LOOKING VIEW Balance sheet, P&L and cash flow statements Customer, product & market profitability Cash forecasting Revenue & cost variance analysis Spend optimization Scenario-based planning & forecasting Working capital analysis Strategic investment & decision support Market, customer & channel pricing Volatility & risk-based predictive & behavioral modeling Sales & supply chain effectiveness
- 10. How we did it?
- 13. Intuitive user experience makes teams immediately productive
- 14. Documents are essential to business processes. But they are complicated to manage. Finance Accounting Operations Project Team
- 15. Thousands of stored documents means users can’t find what matters. ?
- 17. Smart Analytics locate documents that are holding up business processes
- 18. Smart Analytics uncover documents that peers find valuable – helping productivity
- 19. Smart Tag fields capture custom document metadata relevant to a business Smart Search goes beyond simple content search to support querying business context
- 20. Smart Processes map business processes, simplifying management and approval of documents Smart Templates of best practice folders and documents can be reused by teams
- 21. Smart Alerts notify users when documents need action, keeping documents current and relevant Smart Office tools streamline document editing and sharing
- 22. Browser Mobile Desktop Smart Tools Drive Productivity From Anywhere
- 28. Database Prediction engine Time series analysis Inter-activity relations analysis Data collector and Feeder Content cloud Frontend
Notes de l'éditeur
- Volunteers of America Chesapeake was founded in 1896 by social reformers Ballington and Maud Booth. They envisioned a movement dedicated to “reaching and uplifting” the American people. On behalf of the organization, the Booths pledged to “go wherever we are needed, and do whatever comes to hand.” That declaration continues to guide Volunteers of America’s outreach efforts today. The difference after 114 years is the scientific and analytical rigor with which we track outcomes and look for evidence that our efforts are helping with “reaching and uplifting” the people in need.
- As CFO of Volunteers of America Chesapeake I have a stewardship role to ensure that we have financial sustainability and resilience to survive and grow in these challenging times when our primary funders, the Federal, state and county governments are cutting budgets. I am responsible for leveraging our internal controls, closely monitor our financials to budget and rely on Operational and financial metrics to course-correct if required to deliver a robust financial performance.
- We took an internal survey of our internal competencies and the concerns mirrored this study from 2006
- Being primarily dependent on government revenues and referrals, Predictive analytics could help us identify operational trends that would impact our forecasted revenues and regulatory trends that could potentially escalate program expenses. We are also susceptible to macroeconomic trends such as budget cuts in State Medicaid, contract compliance issues which analytics could help identify
- Too complex, too expensive!!
- Missed accurate information i.e “Moment of truth” and consistant retrieval
- Executives were firewalled from knowledge workers ie Analysts, Statisticians. By the time the Intelligence and trend was gathered the rank-and file workers who had to implement it at a tactical level couldn’t do so. Too much disconnect and no underlying strategy that mapped to the analytics
- Reporting and Dashboard are particularly important for VOA Chesapeake. At Volunteers of America Chesapeake we use a dash boarding solution from CambridgeDon to collect all operational metrics and a data management Business Intelligence solution called KnowledgeTree.
- While the data management and metadata search capabilities had helped us with bringing some structure around the unstructured data that we uploaded to our data management we needed to go beyond it
- However we soon realized that they are complex to manage
- Last but not the least data visualization is not only important from the Knowledge Worker level but also the executive level
- Statistical tools like Powerpivot and open-source programming language like R are particularly powerful in entering database queries and identifying correlation between the metrics we track to mine specific trends. add analytic capabilities while concurrently testing extraction to a Open source platform like Pentaho and applying R to write queries. Analytic capabilities are used within the Finance and Human resources Business Units in areas including Budgeting/Forecasting, Talent management among others.
- Open source analytic tools like R and platforms like Pentaho are uniquely suited to a non-profit environment considering the limited history that organizations have with collecting measurable metrics and the ability to scale up within the platform rolling specific capabilities without need for upfront license investment. Open Source BI has become robust enough to a point where solutions like Pentaho and Jaspersoft are starting to be seriously evaluated and there is very limited tradeoff compared with Commercial Big iron applications like Cognos or Business Objects.
- Add high level design blocks