Business Analytics have become a crucial ingredient in achieving corporate objectives and managing execution of any strategy. Insights gained from Business Intelligence, Corporate Performance Management and Data Science influence corporate strategy and allow management to take decisions and to even develop completely new business models based on data.
element61 has an end-to-end offering ranging from Business Analytics roadmap definition, over implementing the Analytics roadmap, building the Analytics organisation, defining or re-fining Analytics processes and delivering Analytics training and coaching or supporting you through a post-go live ServiceDesk.
Our Analytics experts can guide you in defining the processes, metrics, technologies and architectures that will help you track your performance and benefit from the promise of Data & Analytics.
Today and even more tomorrow, organizations should be using a new secret weapon called "information", obtained from intelligently transforming data into insights. Highly integrated company information empowers users with new insights about business drivers and how to better meet the strategic objectives of their organization. Data indeed has become a new company asset.
This information is brought to their fingertips through the means of Business Intelligence solutions, often based on a Data Warehouse architecture. Data transformation, through ETL (Extraction, Transformation & Loading), Data Integration, Data Quality processes and Master Data Management are all part of a sound Business Intelligence architecture.
Corporate Performance Management (CPM) was a term originally coined by Gartner in the early years 2000. Also Enterprise or Business Performance Management (EPM / BPM) are used as synonyms, depending on the vendors.
element61 has a particular focus in assisting organizations in optimising processes around Planning, Budgeting and Forecasting, Financial Consolidation and Reporting and Disclosure Management.
We can assist in defining a Performance Management Roadmap, and executing it by automating Corporate\Enterprise Performance Management processes in the organisation, where relevant building on the data warehouse infrastructure that the company already has invested in.
Data Science & Analysis
We accelerate innovation with your data through Analytics.
Our team of Data Scientists, Analytics Analysts and Data Strategists is ready to assist you in becoming more data-driven and to support you in using data in your decision making process.
We can help you end-to-end in your (Big) Data and AI trajectory with our experts supporting in:
- Data Valorization
- AI to Innovate in Sales, Supply Chain, Finance, Manufacturing...
- Improving overall data literacy by coaching your teams
- Marketing & Advertising technology including Data Management Platforms (DMP) and Customer Data Platforms (CDP).
We often hear the phrase “Data is the new oil (or gold)” or “Data is a key asset”, but if we are serious about this, then we need to start managing and governing our data more professionally. Most organizations are still relying too much on unstructured processes and manual interventions in Data Governance, whereas the technology, know-how and best practices to improve this are available. The untapped potential that every organization still has in its data is huge, so even small improvements in better managing data are likely to provide a huge ROI.
Achieving improved Data Quality can be automated and will lead to fewer operational issues, it will reduce manual efforts and will benefit the decisions we make.
Addressing Master Data challenges, both in operational systems and the Analytics environment will lead to a single view of the truth and more consistency in how we look at our data across functions & departments.
Getting better visibility on our Metadata through a data catalog or business glossary will increase the understanding of our data estates and communication about this with our colleagues.
element61 can help you in this journey, by assessing your Data Governance maturity and identifying pragmatic steps to improve, based on lessons learned that also helped other organizations. We help our customers in making the right choices on architectures, technologies and - last but not least - processes and roles they can introduce.
Environmental, Social and Governance (ESG) awareness is rapidly maturing in the shadow of this digital acceleration. Sustainability is no longer just the playground of investment bankers and fund managers. A new set of EU regulations (EU taxonomy, CSRD, SFDR) and international standards are rapidly emerging as well as ESG ratings to benchmark companies and eco-labels and other certificates to differentiate you as a company from competitors and to inform consumers objectively about your products and/or services.
According to the principle of double materiality, it becomes important to know both the impact on your organization (from the "outside-in" perspective) and the impact of your organization on the outside world (the "inside-out" perspective). A variety of topics deserve your attention: for example, greenhouse gases, air quality, water management, circular economy including the use of scarce goods, good labor practices, data security, risk management, and digitization,...
The sooner your organization knows the "material topics" to make a substantial contribution, the sooner you can start collecting data and reporting on them. Because it is still a new area of knowledge, it can be difficult to find qualitative data. Our ESG reporting experts can guide you in defining the processes, KPIs, technologies and architectures that will help in your disclosure as well as provide insights to adjust your actions and strategy.
With our consultants having in average 10+ years of experience in Business Analytics, Performance Management and Data Science, our people typically have been implementing several of the leading Analytics technologies.
This includes IBM Cognos, Microsoft (Azure, SQL Server, PowerBI), Qlik (QlikView, QlikSense), SAP (SAP BW, SAP Business Objects, SAP BFC, SAP BPC) and a set of niche-solutions like Databricks, Fivetran, CCH Tagetik, TimeXtender, Prophix, Vena and Fluence Technologies.