The iCorp Data Works: transforming it into wit

The mission of iCorp Data Works is to help you harvest, transform and leverage data resources for optimal gains, through technological means.

We start by asking what is your data doing for you as a resource?

Over the past decade, ICO have participated in numerous projects to do with how data could be leveraged to produce breathe-taking results. From these we understand the huge performance difference that could be derived between an indifferent versus an engaged approach to data.

When leveraged systematically data could help you develop a total view of customer, connect siloed departments, optimize your business processes, ferret out unnecessary expense, speed up innovation, rationalize your supply chains. These result from the transformation of how the minds work, how decisions are made, how information are fed, how learning take place, and how knowledge are created, and how wisdom is distilled.

Within and across industries, payoffs for pioneers who are reaping the benefits from boldly applying analytics are increasingly being reported. Overtime, analytical patterns emerged, as follows.

Common analytical applications Industry   Analytical applications Financial services   Credit scoring, fraud detection, pricing, program trading, claims analysis, underwriting, customer profitability Retail   Promotions, replenishment, shelf management, demand forecasting, inventory replenishment, price and merchandizing optimization Manufacturing   Supply chain optimization, demand forecasting, inventory replenishment, warranty analysis, product customization, new product development Transportation   Scheduling, routing, yield management Health care   Drug interaction, preliminary diagnosis, disease management Hospitality   Pricing, customer loyalty, yield management Energy   Trading, supply, demand forecasting, compliance Communications   Price plan optimization, customer retention, demand forecasting, capacity planning, network optimization, customer profitability Services   Call center staffing, service/profit chain Government   Fraud detection, case management, crime prevention, revenue optimization Online   Web metrics, site design, recommendations to customers Every business   Performance management

Source: Davenport, T.H., Harris,J.Q., Morison, R.(2010) Analytics at work. Harvard Business School Press.

To successfully reap the pioneering benefits of analytic applications, two components need to be in place. The first is the domain expertise and innovation intent. This should come from you. The second is innovation realization and technological implementation competencies. This you could draw from ICO. For ICO has mastered the underlying and core processes for co-innovation, and has a proven track record to show.

Talk with us and let us co-innovate along this rapidly expanding frontier.