Business Case - Other
Preventive Maintenance
Preventive maintenance of major equipment could be scheduled just before your major equipment fails by monitoring certain critical variables. Monitoring coupled with a ML alarm would help to perform maintenance really quick and without too much production disturbance.
Finance Related Areas
Reviewing the financial healthiness of your clients is critical for your business, more so if you sell on credit While there are credit scores already available in the market, you may have clients without credit scores or your business may be somewhat different. We can come up with credit scores and probability of defaults tailored to your business.
Data Analytics in Electric Grid
Electric grids are the perfect example for where data analytics can be useful, as it corresponds to an area full of data points that can be sliced in a number of ways in order to have it studied. A number of studies related to congestion, grid stability and blackouts can be made just by analyzing historicals and finding where events have occurred in the past. The capacity of summarizing information is breathtaking, human minds just cannot process thousands of datapoints at once.
Supply Chain Planning and Optimization
Find which vendors are slowing down your supply chain, discover what products are sold the most on certain times of the year or under certain events. Find which inventories decrease your profitability. Your supply chain data is a sandbox for our analysts and they will find very interesting and profitable ideas to implement.
We can also perform optimization planning of your distribution network using optimization techniques, come up with meaningful forecasts based on changing economics and business environments.
Warranty Pricing
Find which parts typically stop functioning in your products and cause warranty expenses. Review if parts failed because of a new design or a vendor issue, find what would be the price of an extended warranty based on the parts that would break next. Reengineer the design to make the final product last longer or fix the part in an easier manner. Our analysts will use your production database with thousands of lot numbers, vendors, part numbers and so on and will give you answers in a relatively fast manner. Data Science is the next step to improve Quality Management