In an information-intensive world, the preservation and proper utilization of this vital data source becomes an issue of paramount importance for every organization. The critical role of information in facilitating business growth is illustrated by the access made available to the decision-makers and by the expert manipulation of this data, to deliver successful strategy. The competency lies in effectively tapping the flow of information to gain business insights promptly and precisely, even when the information is flowing from multiple sources and along unstructured paths. We operate on the principle of leveraging the four elements that facilitate the effective transformation of information into a strategic asset.
Data: Integrated, Cost Effective, Optimized and Scalable data processing and data storage layers, which work as the pivotal controls of data creation and definition.
Information: The data needs to be contextualized, categorized, calculated and condensed, before being presented as information. The organization of data will simplify the process of establishing data relationships and answering the four crucial "Ws"; who, what, where and when.
Knowledge: The strategic understanding derived from Information will transform into critical insights that will accrue as knowledge capital for the organization.
Wisdom: The knowledge derived from the information will comprise the tools to trigger the right decisions.
Effective Information Management is not about massive investment in IT or any technology; it is about gleaning small, relevant pieces of information to add business value. We offer a unified approach to IM services and a vast range of capabilities, including:
Data Governance is a key driver in the Information Management System. It involves defining the standards, processes and technology on which an organization relies, to manage its data. It ensures that the critical stakeholders, who represent business processes, data and technology, are involved in the decision-making. We structure our holistic Data Governance Strategy on four fundamental queries:
We believe that Data Governance projects can be effectively initiated and monitored only by an experienced consultant, who is free to invest time in understanding existing business processes and in assessing the unique requirement of each business unit.
Illume is equipped with a strong knowledge base and the primed resources, to design an optimized data governance strategy.
The elements of strategy will include:
Collaboration with the Stakeholders
Existing Environment Evaluation:
Designing of Future-state Environment
Obsolete and unorganized data can lead to bad business decisions that induce a ripple effect, resulting in lost opportunities and increased costs. The essence of Data Quality Strategy is to improve and streamline data and processes and gain a dependable information system.
We strongly advocate precise monitoring of Data quality by implementing necessary evaluation and assessment tools. The precision and organization of the data will determine the quality and credibility of the decisions based on that data. Our Data Quality strategy involves a thorough cleansing and profiling of your data, to begin with. We then map the data in the information systems and locate the source of data inaccuracies. We organize the entire data lifecycle, transforming the mass of data into a comprehensive, accessible, accurate, consistent, relevant and reliable asset.
What we do:
illume envisions making analytics accessible and tuning data into business success drivers. We offer analytics services and consulting across various domains, to help clients use data effectively, to formulate business strategy.
Vendor Efficiency, Contract Compliance, Vendor optimaization
Chanel Optimization, Campaign Performance, Up-selling, Cross-selling
Product Pricing, Product profitability, Portfolio Optimaization
Lifetime Value, Customer segmentation, Loyality, Customer Experience, Profitability, Churn
Customer Experience, Capacity Planning / Demand Forecasting, Capital Expeniture, Performance, Leakage / Shortfall, Workforce Effectiveness
Inventory Optimization, Demand Analytics, Location Planning & Optimization, Transportation & Rout Optimization
Lifetime Value, Customer Segmentation, Loyality, Customer Experience, Profitability, Churn
Demonstrate the real, life time value of a customer and take appropriate action to retain loyal and profitable customers.
Supply Chain Optimization is a complex and critical exercise. Optimal use of Analytics and Models will define the differentiating factors among players, in terms of quality of service, while impacting the bottom line positively. Illume brings domain experience and analytics modelling expertise, to help clients successfully neutralize supply chain process challenges.
INVENTORY OPTIMIZATION:Inventory management and optimization is dependent on many moving and variable factors, the most important ones being, changing economic factors, high demand uncertainty, and short product lifecycles. However, inventory management can be optimized in the following ways:
Illume leverages data from multiple sources, including warehouse, Supplier, Stores, Customer Demand, etc. to devise the most effective solutions for optimizing inventory.
DEMAND ANALYTICS: Demand forecasting helps clients assess the potential costs and plan for inventory. We utilize forecasting tools and machine learning, to assess and forecast demand, per article or SKU. The granular forecasting helps client to plan in advance and plan better, reduce unwanted expenses and improve profit margins.
Illume also offers a suite of Analytics Consulting and Analytics-based services, including: