2. Business Intelligence
What is the cost of making the wrong decision?
If my expected profit margin on all jobs is 5%, and I loose 8% on job A due to a poor
decision what is the cost for me to recover on the next job?
A. 5%
B. 13%
C. 18%
D. 20%
3. Business Intelligence
Answer… 18%
On the next job I need first cover the lost on job A of 8%, then I need to make up
the profit margin on job A of 5%, then on top of that I need to make money on the
next job of 5%.
On a simple $1,000,000 project if I need to make $180,000 instead of $50,000 to
cover the lost from job A.
The cost is more if I need to spread the lost over multiple jobs and if I need to
consider the cost of time and capital.
Cost you afford to make this mistake?
4. Business Intelligence
Business Intelligence and it Promises
The promise of BI is to empower decision makers the ability to make data driven
decisions based on historical performance, actionable intelligence, and
measureable matrixes.
Tiers of
business
intelligence
5. Business Intelligence Suite
Our suite of tools address all the tiers of business intelligence
What happened? With our Dynamic Custom Reports, we empower you to build the reports
you need.
Why did it happen? With our Data Discovery Tool, we enable you to do deep dives into
their data to answer the why.
What will happen? With our Prospection Predictive Platform (P3), we give you the power to
leverage your data assets to determine future outcomes.
How can we make it happen? With our Prospection Prescriptive Analytics (PPA) you can
learn lessons from your data assets to make project altering decisions.
At the core is Prospection Security, you can control the groups who can see sensitive
company data from salary information to job performance.
6. Business Intelligence
Dynamic Custom Reports: What happened?
Dynamic Custom Reports vs. Static Custom Reports
We expose data from Viewpoint into Excel to allow you to build your own custom reports.
You don’t need to write queries or know the database structures to do this. In addition
you can build models to help you make decisions on outcomes.
Executive Dashboards
Our executive dashboard are designed for the executive to gather the maximum
information on the companies performance in a short period of time. The graphs and
reports are easy to consume to show the current state of the company.
Monitoring & Key Performance Indicators
The integrated information in Prospection and Viewpoint allows you to monitor KPIs. We
have continually updating reports to show the best and worst performing jobs, as well as
reports to show when costs for a given cost type reaches a threshold to trigger additional
research.
7. Business Intelligence
Data Discovery Tool: Why did this happen?
Doing Deep Dives into your data helps answer the why question
Our Data Discovery Tool is designed for the power business intelligence team to dig
into the data and discover patterns.
Are we using the same vendor on more than one job, are those jobs losing money?
What is the average amount we should be paying for materials in a given region? Can we
source the material from a near by region to save money?
If my labor cost type goes up by 1% next year is this inline with the average cost for the
past 5 years?
These types of questions provide understanding of cause and effect. More
importantly it allows you to understand risk.
8. Business Intelligence
Prospection Predictive Platform (P3): What will happen?
Our platform analyses your past job performance to build advance statistical
models allowing our customers to do point in time analytics determining if a job
will make or lose money, contributing factors and probability these outcomes.
We leverage the R statistical modeling language and machine learning to build risk
and profit models. These models are based on their specific data and how they
operate, which means the models are custom suited for that specific customer.
Are models are industry tested. We test for validity using f-test, t-test, and p-
values to ensure that the parameters we have included in the models are correctly
correlated to the desired outcomes.
9. Business Intelligence
Prospection Prescriptive Analytics (PPA):How can I make this happen?
Prescriptive Analytics – we utilize the Prospection Predictive Platform (P3) to create
an prescriptive action plan customized for each customer. This action plan is
includes if focus on these cost types our return on investment would be 5% higher.
OR if we choose this
10. Business Intelligence
Prospection Security: Who can see the data
Our security model is based on Microsoft Active Directory to allow your internal
team to control the groups who can see a set of data.
Our level 1 views are highly secured, only exposing data to those who have access
to the personal information (such as salary)
Our level 2 views are mid-range secure, exposing more data but nothing related to
personal information.
Our level 3 views are less secure, exposing data that can not identify any personal
information.
11. Business Intelligence
We answer real world business questions through an innovative suite of
solutions.
Start Making Better Decisions with the Right Solution for your company.
Contact Us
feedback@prospectionbi.com
www.prospectionbi.com
