Data Governance Operating Model at an Automobile Club

von Patrick | 28/08/2023

Data Governance Operating Model at an Automobile Club

Expert: Michael Scharpf

Industry: Finance & Insurance

Area: Finance & Controlling

Increase the efficiency of your data science projects with the Data Governance Operating Model - your key to optimisation in the data-driven automotive industry.

Our AI and Data Science Case Studies:
Experience from over 1,600 customer projects

Positioning in the data age: the central challenge

In the fast-moving world of the automotive industry, the data & analytics team of a renowned automobile club is facing a crucial challenge: the team wants to establish itself company-wide as a leader in the Positioning the area of Data Science and thus significantly increase the relevance and impact of their projects.

Her vision was, Data-driven decisions become the norm in the company and the value their work brings, Communicate transparently. But how can they successfully drive this change?

Strategic realignment: The path to data-driven excellence

With extensive expertise in data analytics and artificial intelligence, we have developed a strategy for our client that focuses on the Data Governance Operating Model. This model not only strengthens the five dimensions of the data strategy: processes, use case pipe, roles, organisational structure and system landscape - but also helps to ensure that the Data & Analytics team is operationally at the forefront.

The first step was to create a Use Case Library in the Share Point. This library enables a central and structured storage of use cases that can be used by different departments to create synergies and avoid duplication of work.

In order to clarify the structure and responsibilities within the team, we have a detailed Elaboration of necessary data roles in the Data & Analytics Team. Along with this, we have created an organisational structure based on the hub & spoke model, which optimises communication and collaboration between the different departments.

Another key element of our solution was the Elaboration of the core tasks of the Data & Analytics Team and the Clearly defined range of services to the company. This enabled expectations to be communicated clearly and resources to be used efficiently.

Measurable successes: The transformation in facts

Thanks to our detailed approach and expertise, we were able to achieve impressive results. There were Roll-One-Pager created that can not only be used for job advertisements, but can also be used for staff development. These role profiles contribute to the clear Definition of responsibilities and qualifications and support the recruitment process.

The use case library has created unprecedented transparency about ongoing, completed and planned use cases in the company. This facilitates the Prioritisation of projects and ensures a more effective resource management.

Finally, the master strategy slide deck we created allowed for a Effective communication of activities of the Data & Analytics team throughout the company. This has not only raised awareness of the value of the data strategy, but also increased stakeholder buy-in and engagement across the organisation.

Curious now? Let us show you what sets us apart from other companies and how we can help you achieve your goals.

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Michael Scharpf

Key Account Manager | Alexander Thamm GmbH

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Financial forecasting on the basis of time series analyses for an energy company

von Patrick | 16/08/2023

Financial forecasting on the basis of time series analyses for an energy company

Expert: Michael Scharpf

Industry: Other

Area: Finance & Controlling

State-of-the-art time series analyses and AI technologies enable the energy group to make more precise and efficient financial forecasts.

Our AI and Data Science Case Studies:
Experience from over 1,600 customer projects

Optimisation of forecast accuracy and automation of cost forecasts

In the past, a client was faced with the challenging task of significantly optimising the forecasting accuracy of its business management corporate functions. This was especially true for the critical area of Financial Forecasting. It was not only important to improve accuracy, but also to improve the entire forecasting process to automate for future cost forecasting. This automation should provide more time and resources for the company's analyses.

Automated financial forecasting pipeline with deep learning approach

Based on our expertise in data analysis and artificial intelligence, we have developed an individual solution: a Automated forecasting pipeline. This innovative solution consisted of several integrated modules:

Data preparation: By using advanced data processing techniques, the client's data was optimised and prepared for the next step.
Training of forecasting models: Using more than 10 different models, including classical statistical approaches as well as modern deep learning methods, a comprehensive analysis was carried out to select the optimal forecasting method for the client.
Model selection by means of ranking module: Here, an intelligent ranking system selected the best model that best matched the client's specific requirements and data.
Cost forecastThis pipeline enabled both monthly and annual financial forecasting.
User-friendly dashboards: Intuitive dashboards were developed for better communication between technical and non-technical stakeholders. These dashboards visualised both forecast data and key performance indicators and were accessible to both the business team and the development team.

Objective, data-driven forecasts increase business efficiency

Our solution optimised the client's approach to cost forecasting. Where previously controllable cost forecasts were primarily based on management's subjective estimates, our data-driven forecast now a objective verification. This has significantly improved the reliability and accuracy of the predictions.

In fact, the automated financial forecast we developed for the client's corporate functions showed an Significant improvement of the financial statements compared to their previous manual methods. In addition, the ability to visually display historical costs provided a sound basis for internal discussions and strategic decisions. It was a powerful example of how modern data science and AI technologies can transform business operations.

Curious now? Let us show you what sets us apart from other companies and how we can help you achieve your goals.

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Michael Scharpf

Key Account Manager | Alexander Thamm GmbH

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Basic training in data visualisation for a pharmaceutical company

von Patrick | 14/08/2023

Basic training in data visualisation for a pharmaceutical company

Expert: Michael Scharpf

Industry: Other

Area: Marketing & Sales

With our customised basic training in data visualisation, we provided a leading pharmaceutical company with a clear view.

Our AI and Data Science Case Studies:
Experience from over 1,600 customer projects

Data complexity hits decision makers

In an increasingly digitalised world, businesses are increasingly reliant on fast, efficient and clear data analysis. One client came to us with a clear challenge: they needed specialised dashboards for different user groups. This was particularly important for their professional and managerial staff, who were often faced with the task of making timely decisions. But the time-consuming data evaluation and long strings of numbers inhibited the process.

This is a common problem for many companies. Faced with enormous amounts of data, they are looking for ways to Analyse data efficiently and present it in a target group-specific and understandable way.

Our training: Fundamentals of data visualisation

Our expertise in data analytics and data visualisation enabled us to provide the client with a Innovative data visualisation training to offer. Our recommendation focused not only on the pure development of the dashboards, but also on comprehensive staff training. This training included the teaching of modern approaches to dashboard development and specifically highlighted ten critical factors to consider when creating them.

But we went one step further. Based on current market trends and Best Practices, we showed approaches for agile dashboards that enable a flexible and interactive user experience. Through this integration of practice and theory, we ensured that our client not only received a product, but also the necessary know-how for future projects.

In-depth knowledge for optimised dashboards

After completing our project and training, we saw impressive results. The reporting that we developed strictly followed the Current standards of data visualisationwhat a High user-friendliness and efficiency provided.

Thanks to the approaches we imparted, we found a significant increased acceptance of the dashboards developed. This was reflected not only in the satisfaction of the professional and managerial staff, but also in the Increased productivity of the company. Furthermore, it was particularly pleasing to observe how all participants deepened and applied the data visualisation guidelines in the practical part. This guarantees that our client will continue to benefit from the acquired knowledge in the future and continuously optimise its dashboards.

Curious now? Let us show you what sets us apart from other companies and how we can help you achieve your goals.

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Michael Scharpf

Key Account Manager | Alexander Thamm GmbH

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Data visualisation, UX and UI design for a direct sales dashboard

von Patrick | 14/08/2023

Data visualisation, UX and UI design for a direct sales dashboard

Expert: Michael Scharpf

Industry: Automotive & Engineering

Area: Marketing & Sales

Discover how we transformed complex sales data into a powerful dashboard for a client by masterfully combining UX and UI design.

Our AI and Data Science Case Studies:
Experience from over 1,600 customer projects

The change in sales processes and the need for enhanced data visualisation

Our client faced a significant business hurdle. With the introduction of an innovative sales model, the sales processes in their multi-level Organisation redefined. This paradigm shift brought with it the need to revise sales controlling and adapt it to the current changes.

An essential aspect was the Efficient use of the accruing sales data. It was recognised that through Data visualisation, UX and UI considerable added value could be created along the entire sales funnel, which optimally supports the sales management of the markets.

Transforming Power BI Dashboards for Increased Business Intelligence

In view of the challenge outlined, we began with a thorough sifting and Conceptual development of the existing Power BI dashboards of our client. Our expertise in data visualisation and UI/UX design enabled us to optimise the visualisations specifically so that they could provide precise answers to the business questions posed.

The thematic clustering of the visualisations on the dashboards was made according to the specific use cases. A special focus was placed on the Creation of a uniform user interface for the dashboards. This not only served to increase user engagement, but also to ensure that the design could serve as a future-proof template for the expansion of further reports.

Intuitive dashboards pioneering digital distribution

Our work led to the Implementation of new Power BI Dashboardswhich enabled deep and meaningful data analysis. These tools quickly became indispensable companions for our client's management, especially in the effective implementation of the new distribution model. Thanks to the improved Data visualisation, UI and UX could use these dashboards as a blueprint for the Operational sales management be used in other markets. Not only was added value created for the company, but also a standard was set that could be used as a guide for future projects in the area of data visualisation and sales management.

Curious now? Let us show you what sets us apart from other companies and how we can help you achieve your goals.

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Michael Scharpf

Key Account Manager | Alexander Thamm GmbH

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Comparison tool for risk reports for a central bank

von Patrick | 25/07/2023

Comparison tool for risk reports for a central bank

Expert: Michael Scharpf

Industry: Finance & Insurance

Area: Finance & Controlling

Using innovative technologies in artificial intelligence and data analytics, we have revolutionised the risk reporting of a renowned central bank and developed a powerful risk reporting comparison tool.

OUR AI AND DATA SCIENCE Case studies:
EXPERIENCE FROM OVER 2,000 CUSTOMER PROJECTS

[Challenge]

In the past, a reputable central bank faced a significant challenge: the need to find an automated solution for producing regulatory reports in the area of risk reporting. With regulatory requirements becoming more complex and the amount of data increasing, it had become difficult for the bank to produce its reports manually. The reports were not only time-consuming and labour-intensive, but also prone to human error. The central bank needed an efficient and accurate solution to overcome these challenges.

[Solution]

To overcome this challenge, we have developed a dedicated solution to automate the creation of draft supervisory reports. We used sample reports and best practices to identify the ideal report structure and content. Our expertise in data analytics and artificial intelligence enabled us to design a solution that improves both the accuracy and efficiency of report generation.

Our solution has been rigorously tested to ensure its effectiveness. We used test data from previous use cases to ensure the accuracy of the solution and identify possible improvements. Finally, the proof of concept (PoC) was delivered with documentation, evaluation results and suggested next steps.

[Result]

The result was a compelling PoC for the automated creation of draft supervisory reports. The solution enabled the central bank to produce its reports with greater accuracy and in a fraction of the time previously required. This not only led to an improvement in internal processes, but also made risk reporting more effective overall.

We have also provided comprehensive documentation and training materials for the solution to ensure that bank staff can use the technology effectively. These materials help to promote understanding and acceptance of the solution throughout the organisation.

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Michael Scharpf | Sr. Principal Key Account Manager | Alexander Thamm GmbH

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