We Use Data to Help You Make Better Decisions and Grow Your Business
Data is the lifeblood of your business. It helps you track how well things are going, predict what’s coming around the corner, improve your products, and automate your processes.
Today’s leading companies are successful because they use their data to operate more efficiently and deliver superior products to their customers.
Unfortunately, most companies aren’t living up to their analytic potential. Their data is disorganized and difficult to access, their internal processes are inefficient and time-consuming, and they lack the insights necessary to make important decisions.
That’s where we come in. We use data to help you make smarter decisions, grow your business, and accomplish more with the resources you have.
Is your data being wasted? Are there key data-driven opportunities being left on the table that are costing you money? Let’s find out with a look into your analytics to find out what you’re doing right, where you’re coming up short, and where there are opportunities for improvement. We’ll package this all up into an actionable scorecard and lay out a customized roadmap for getting your analytics to where they need to be. This is where we start all our consulting relationships to make sure we head in the right direction and get you measurable results.
What you get:
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An Analytics Scorecard that identifies your organization’s analytic strengths, weaknesses, and opportunities.
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An Analytics Roadmap that provides clear recommendations on what to do next based on our findings and your unique situation.
Business Performance Accelerator
Wondering how you can use the data you have to improve and grow your business? Then this is the service for you. We dive deep into your data, develop metrics across every aspect of your operations, and provide you with a complete picture of what’s performing well, what isn’t, and where you should be focusing your attention. Comprehensive is an understatement. We focus on finding actionable insights and developing strategies that result in improved business performance.
What’s included:
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Performance metric development.
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Development of scorecards for every aspect of your operations.
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Development of dashboards where you can easily keep track of what’s happening in real time.
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Recommendations for next steps to continue improving your business performance.
Predictive Analytics & Forecasting (PAF) Plan
Do you know what’s going to happen in the future? You will once we finish your PAF plan. We’ll combine your data with our predictive modeling abilities to help you figure out what’s most likely coming around the corner. This will allow you to forecast more accurately, formulate better plans, see the impact that different scenarios might have on your business, and make adjustments more quickly as things change.
Here’s how the PAF Plan works:
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Identify key metrics to be forecasted.
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Analyze relevant data to determine what variables may be predictive.
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Develop the right predictive models.
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Report on model performance, forecasts, and potential scenarios crucial to your business.
Customer Personalization Program
Fact: Customer personalization leads to a better experience and increased sales.
Also Fact: We can help you personalize your customers’ experience based on what you know about them.
You Guessed It, Another Fact: Data is at the heart of achieving key growth drivers like higher Average Order Volume (AOV) and increased conversion rates.
Here’s what the Customer Personalization Program includes:
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Clustering and segmentation of customers from different perspectives (demographic, behavioral, etc.).
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Development of customer quality scores.
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Creation of customer scorecards for actionable information at a glance.
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Likelihood-of-purchase modeling and prediction.
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Product and service recommendations for all customer groups.
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Churn prediction (for subscription-based businesses).
Process & Decision Automation
Does your team waste time performing inefficient or repetitive tasks? Let’s automate those time-consuming, data-intensive processes and optimize your decision-making logic. We’ll go through your processes, identify any inefficiencies, and streamline them so you get things done faster, cheaper, and more consistently. What are you waiting for? Give your data a little PDA.
Here’s how it works:
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Audit and document processes in question.
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Automate data collection, analysis, and decision logic.
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Schedule processes to run at specified frequencies.
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Document how the automated processes work.
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Reporting based on analysis performed during each run of the process.
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Log files containing time-stamped tasks performed during each run of the process.
Custom Analytics Project
Do you have a project that doesn’t fit any of the services listed above? No worries. We literally wrote the book on data analytics, so we’re always excited by a new challenge. Just tell us about what you’re looking to accomplish, and we’ll help you get there.
Start Improving Your Analytics Now
Here's what working with us looks like and what you can expect as we go through each step in the process.
Step 1: District Data Assessment
Every project starts with our District Data Assessment. We take a holistic look at your data and your key business processes to identify your strengths, weaknesses, and opportunities.
Step 2: Analytics Scorecard and Roadmap
Based on our findings, we put together an Analytics Scorecard that shows how your business is doing from an analytics standpoint. We also provide you with an Analytics Roadmap for better leveraging your analytical strengths, improving on your weaknesses, and taking advantage of the opportunities available to you.
Step 3: Development & Deployment
Once we have a plan in place, it’s time to execute. We help you put your plan into action by developing and deploying the custom analytics solutions that are going to help you operate more efficiently and make better data-driven decisions.
Sound good? Let’s get to work!
Past Data Science & Analytics Projects
Our team members have successfully completed projects across a variety of industries. Below are some examples of our past work.
Harnessing the data of a multi-billion dollar retail chain
We helped a multi-billion dollar retail chain with over 1,000 stores and 1 million SKUs use their data to generate measurable results. Here are a few key projects we helped them tackle.
Saving Tens of Millions of Dollars
Challenge: The company’s sales were declining every year, and they had the wrong inventory in their stores (shortages in some stores and overages in others where the merchandise was not going to sell).
Solution: We used predictive analytics and machine learning methods to forecast the sales of every product in every store more accurately. We then leveraged these more accurate forecasts to build a system that recommended transferring units of specific products from stores where they had a low probability of selling to stores where they had a much higher probability of selling.
Services Provided: Business performance analysis, predictive analytics, optimization, process automation.
Results: Improved forecasting accuracy by 20%. Tens of millions of dollars saved per year from smarter, more accurate purchasing and distribution of inventory.
80% Reduction in Manual Inventory Reconciliations
Challenge: Inventory department employees were putting in 12-14 hour days performing inventory reconciliations and were still not able to stay current on all the reconciliations that needed to be performed. Inventory accuracy was lower than the acceptable threshold.
Solution: We documented the entire inventory reconciliation process and automated it so that only inventories with significant discrepancies needed to be looked at by an actual person. We then developed an automated inventory monitoring system to monitor inventory at all stores on a weekly basis, identify any issues, and automatically email store management so that appropriate action could be taken.
Services Provided: Data analysis, process automation, anomaly detection.
Results: 80% reduction in inventories that needed human reconciliation. Increase in inventory accuracy and reduction in inventory shrinkage (unexplained missing inventory). Inventory issues were caught and addressed throughout the entire year. Inventory department employees went back to working normal hour days.
20% Increase in Employee Productivity
Challenge: The Ecommerce department had several complex, data-intensive, spreadsheet-based financial and operational reports that took hours to put together and distribute. Reports were regularly late and contained errors due to their complexity.
Solution: We automated the reports and reduced the time they took to complete from 9 hours per week to under half an hour. The reports were scheduled, ran automatically, and were emailed to the appropriate stakeholders without any human intervention.
Services Provided: Data analysis, process automation.
Results: Over 20% increase in employee productivity. Increase in accuracy, timeliness, and confidence in reporting. Improved decision making by senior management due to having better information available.
The Experts Other Experts Call for Curriculum Creation
Ironhack and Thinkful are teaching the next generation of data scientists. They bring in the big data guns (A.K.A. District) when they need curriculum for Python, relational databases, machine learning, and other data science courses that drive results.
World-Class Data Science Education Programs
Challenge: The clients wanted to capitalize on the increase in demand for data science and analytics education by adding a data science program to their bootcamp offerings.
Solution: We developed curricular materials for them ranging from introductory topics like Python programming, relational databases, and statistical data analysis to more advanced topics such as recommender systems, machine learning, and distributed analytics. In addition to the lessons, we developed hands-on exercises and projects so that students would have the opportunity to practice their newly-acquired skills and solidify their understanding of the material.
Services Provided: Data science curriculum development
Results: The clients were able to successfully launch/improve their data science programs and are educating students on the skills they need to launch their careers as data scientists.
Helping Edovo Educate The Prison Population
Edovo provides educational and communication services to people that are incarcerated so that they can do something productive with the time they spend in prison. We helped Edovo be more productive in making prisoners more productive. That’s a lot of productivity.
Improved Operational Visibility and Decision-Making
Challenge: The client lacked visibility into their operations beyond basic financial statement reporting. Product team lacked guidance on which features of their content offerings were most engaging with their audience.
Solution: We cleaned and analyzed their data, organized it intuitively, and put together a series of financial, operational, and product dashboards that communicated performance and insights from a variety of different perspectives.
Services Provided: Business performance analysis, product and content analysis and reporting.
Results: Greater visibility into their operations. Ability to identify issues when they arise and correct them in a timely manner. Enhanced insight into the effectiveness of their product offerings. Improved ability to make informed decisions.
Using Machine Learning To Make Sports Marketing More Cost Effective
Marketcast helps sports marketers find the gems hidden in their data. We collaborated with them to implement a machine learning system that led to a more efficient marketing budget.
Improved Customer TArgeting and Marketing Efficiency
Challenge: The client wanted to become more efficient with their marketing by focusing their efforts on customers that were most likely to purchase season tickets for sporting events and had the highest likelihood of spending the most amount of money on them.
Solution: We helped them analyze the customer data they had, identify predictive features in their data, develop likelihood-of-purchase and affordability models using predictive analytics and machine learning, and automated the process by which their best prospects were identified.
Services Provided: Data analysis, predictive analytics, machine learning, process automation
Results: The company was able to improve their ability to target customers, resulting in significantly more efficient use of their marketing budget.