Intelligent insights from fast data capabilities
Our Fast Data Fabric was built to help clients
1 Highlight, isolate and solve business problems
2 Ingest data more widely than previously possible
3 Store far more data than before
4 Enable deeper analytics (machine learning, predictive analytics, etc.)
We help clients to maximise the value of their data in the digital revolution.
At iOCO we believe that data is one of the most valuable assets of any organisation and we are on a mission to help companies turn data into information in such a way that it boosts revenue, increases efficiencies and delivers world-class service.
With our Fast Data Fabric it is now possible for businesses to:
- Incorporate and analyse data literally as it arrives, in a variety of formats regardless of structure and source.
- Understand more about their customers and supply chain, as it happens.
- Automate the execution of responses to data insights through microservices within an API framework.
- Leverage existing data assets and warehouses to create a two-speed architecture by modernising the ingestion layer.
Data Analytics solutions and services:
- Streamline business processes to maximise resources and reduce costs.
- Enhance demand and sales forecasting, improved inventory control.
- Optimised supply chain process integration.
- Improved store/branch network planning and configuration.
- Superior selection of target market prospects for cross-sell and up-sell initiatives.
- Enhanced management of customer churn, enriched customer segmentation.
- Enhanced understanding of customer sentiment (satisfaction, frustration, etc).
- Superior management of customer loyalty, profitability and life-time value.
- Improved product, services and channel pricing, optimisation of merchandising.
- Better management of credit, operational and market risk, with enhanced fraud detection.
Technology, solutions and services to turn you into an analytics-driven company, by making sure you know your past, understand your present, and shape your future.
Growth, innovation, differentiation… these are top of mind of most CEOs and the world has moved beyond a technology feature, process efficiency and effectiveness era. The urgency to leverage IT assets for more agile, experimental and innovative business models is now centre stage.
At the heart of our business lies our ability to turn data into information. It sounds simple enough, but more often than not this poses a real challenge.
The advancement of analytics has paralleled the advancement of big data in many big sectors. Both analytics and big data are currently on unstoppable trajectories.
Over the years, we have come across many smaller organisations with little to no in-house capacity to run a successful business analytics initiative. We’ve also found that some larger corporates would rather stay focussed on their core competencies, and so need help with establishing and running their BI centre of excellence.
We have been part of several successful BI and data warehouse initiatives across different industry sectors and has, as a result, worked with many project management methodologies.
Financial Performance Management
We understand the importance of tracking performance against corporate objectives to identify performance gaps and perform ‘what-if’ scenarios; replace rigid budgets with continuous planning and more frequent forecasting.
Businesses typically operate in more than one location, and/or they have more than one division, both of which call for complex and tedious processes to finalise monthly, quarterly, half-yearly and annual reporting.
We help our clients to move beyond accounting as the basis, enabling them to budget in the way their teams and businesses think.
Perhaps you have experienced this too: No sooner is the budget drawn up than the new financial year kicks off and, with it, the realisation that certain assumptions used in the business plan were off the mark because of internal changes, market conditions, or global influences, such as exchange rate fluctuations.
Applying effective costing to products requires the inclusion of multiple factors – a process that has as many ladders leading to success as it has snakes that devour profit.
Businesses make wide use of spreadsheets and while they do provide flexibility, the reality is that every cell is an island that brings with it a fair share of associated risk.
Annual reports are part of external reporting and is a compulsory statutory reporting function undertaken by an organisation’s finance department. This is typically a manual and laborious process, carried out by highly skilled and highly paid resources.
Over the years we’ve found that companies experience growth pains with their external and internal reporting processes, mainly because of increasing volumes of data and, of course, increased demands from both regulators and stakeholders.
We understand the late nights and time spent away from friends and loved ones over busy reporting periods, such as year-ends and interims.
Often termed “bar codes for reporting”, XBRL allows for comprehensive definitions and unique, accurate data tags that enable the preparation, validation, publication, exchange, consumption and analysis of business information. Understanding XBRL is fast becoming crucial as the Companies and Intellectual Property Commission (CIPC) has launched a programme to implement it in South Africa by 1 July 2018.
At iOCO, we understand that quality data is fundamental to all fact-driven decisions. That’s why we place high importance on a holistic approach to building, enriching and managing your analytics data platforms.
We pride ourselves on designing and delivering world-class data warehouses, following a pragmatic approach that is centred on Ralph Kimball’s dimensional designs, with elements of Bill Inmon’s enterprise data warehouse ideas.
“A single version of the truth.” That’s the plaintiff cry we hear from many a frustrated business user. While this has long been the promise of BI, the real work starts much further back…
It’s all about the data. That old chestnut – garbage in, garbage out – is made even more visible by the wealth of visualisation and prediction software out there.
How reliable are your data sources, the very information you rely on for decision-making?
Get the help your organisation needs to derive maximum benefit from rapidly-transforming business landscapes in an ever-expanding digital economy.