Category: Big Data Analytics

data analytics in energy sector

Data Analytics in Energy Sector Helped an Oil and Gas Company Improve Asset Investment Returns by 89%

Engagement Summary

Oil and gas companies operate within complex global and national frameworks. As the world continues to be dependent on organic sources of energy, there are many micro and macro challenges the global oil and gas industry faces, such as lack of visibility into their complex operational and supply chain processes, equipment life cycle management, logistics complexity, meeting stringent environmental regulations, and highly volatile prices. Many of these problems can be solved using actionable, data-driven insights, which would enable the energy sector to more profitable and efficient. Data analytics in energy sector assist in streamlining major operations, such as exploration, drilling, filtration, and delivery. Big data in energy and energy analytics can help in identifying areas that require significant improvement.

Request a free proposal to know about our specially curated data analytics solutions portfolio for the energy sector.

About the Client

Founded in the 1920s, the client is a transnational corporation with American origins and is one of the largest oil and gas companies in the world. The product lines of this client include oil, fuel, vehicle services, exploration, production, and refining of petroleum and gas.

Business Challenge

The financial outcome of companies in the energy sector largely depends on the performance of their complex set of assets. But in most cases, it has been noted that most of the oil and gas companies do not have the tools and capabilities that are required to operate their assets. The client collaborated with Quantzig for leveraging their data analytics expertise and made use of specially curated solutions for the energy sector.

Problem statement 1

Unlock complete production potential – The client was dealing with complex machineries and assets which are the core to their business. They were not able to utilize the complete potential of their assets, which kept them from attaining the ultimate production potential.

Problem statement 2

Improve Asset Investment returns – The client has several exploration and drilling sites which were yet to reach the ultimate level of production. As a result, they were facing challenges with decreasing asset investment returns.  They approached Quantzig to leverage big data analytics in energy sector to unlock their production potential and enhance their asset investment returns.

Speak to our energy analytics experts to know how you can leverage energy data analytics to improve your asset investment returns.

Problem statement 3

Risk Reduction – Geographically, the layers of rocks and soil vary across regions even though they might appear structurally similar. Lessons learnt in one region might not be applicable to the other region. This leads to increased time for exploration and increased risk at work.  The client earlier had data stored in different databases which required huge effort and time. Data analytics in energy sector can easily reduce risk and lessen the time of exploration by helping with increasing accuracy in decision-making and reducing risk at work.

Problem statement 4

Increasing cost of data maintenance – Data volume in the energy sector is growing rapidly. Oil and gas companies are now facing a rising cost of data maintenance. Since huge costs can impact the financial performance of the organization, the client wanted to deploy data analytics in energy sector to improve their data management process.

Wonder how big data in energy can help an oil and gas company reduce the cost of data maintenance? Request for more information to learn.

Solution Offered

Data analytics in energy is just like crude oil – it is valuable only when it is refined. The popularity of big data in energy has recently peaked.

Our data analytics experts started with a complete analysis of the data available with this oil and gas company. Changes in supply and demand for oil and gas have been resulting in fluctuations in price and the client was facing a slight decrease in profit margins. The slowing down of these supply chains was often resulting in lowering efficiency and increasing delay. Not meeting the expectations of their customers was hampering their brand identity in the global market space. On analyzing the data sets, our energy analytics experts identified the blind spots on the oil and gas supply chain that were the main reasons for a decrease in their profit margins. Quantzig’s experts in energy analytics further deployed data analytics in energy to improve the efficiency of the oil and gas supply chain.

Business Outcome

Big data in energy helped the client reduce risk by learning more about each subsystem of operations and supply chain networks, thereby increasing the accuracy in their decision-making process.

With the help of data analytics, the client was able to –

  1. Improve their decision-making process
  2. Improve accuracy of exploration and drilling activities
  3. Ensure optimum use of assets
  4. Improve Asset Investment returns by 89 percent
  5. Ensure complete production potential

Request a free demo to gain limited period access to our special platform dedicated to data analytics in energy sector.

interactive data visualization

Telecom Big Data Analytics Helped a European Telecom Company to Reduce Customer Churn Rate

Engagement Summary

Driving profitable growth is no small feat for telecommunication service providers in Europe, given the complexities and regulations in the market. With new players entering the market and capital costs skyrocketing at breakneck speed, competitive pressures facing the existing telecom companies have doubled, leading to a tri-fold increase in customer acquisition costs. The client is one of England’s leading telecom service providers with more than 15 million users. The telecom company is well-known for its network services that can be customized to meet the different requirements. The client was facing challenges with high customer churn rates. Our big data analytics experts helped this client to reduce customer churn rate while delivering valuable insights into making data-driven decisions.

The client’s challenge

The client is a leading telecom services provider based out of Denmark. The company is well known for catering to the needs of more than 15 million users through its customized  network and telecom services. The client was facing problems with predicting churn based on customer behaviors. They were also looking forward to acquiring new customers while maintaining a high engagement rate with existing customers. Hence this telecom provider wanted to develop a churn prediction model by leveraging Quantzig’s telecom big data analytics capabilities.

Wonder how telecom analytics is revolutionizing the global telecom industry? Request a free proposal to know more about the role of big data analytics in telecom industry.

Problem Statement 1

High churn rate: Acquiring new customers is a challenging task and keeping the customer engaged requires a lot of effort as well. The client’s customer retention strategies were not built to meet their current needs and failed to help them achieve their goals around churn reduction. Realizing the true potential of big data analytics in telecom industry sector, they were looking forward to reducing this high churn rate and acquiring a new set of customers using big data analytics.

Problem Statement 2

Customer segmentation: With a huge customer base spread across Europe, the client’s main challenge was to segment them into homogenous cohorts based on their needs. They were also looking forward to applying telecom big data analytics to develop targeted marketing strategies and offer customized services to meet  the needs of different customer segments.

Problem Statement 3

Product development: With proliferation of technology the client realized the need for developing more products and offered personalized services. And at the same time the telecom services provider wanted to develop products backed by telecom big data analytics to ensure a very high-quality performance as per the customer’s requirements.

Predictive analytics in telecom is applied by telecom service providers to get valuable insights. Speak to our analytics experts to know how our predictive analytics can help you make accurate data-driven decisions.

How we helped the client

Quantzig’s telecom big data analytics experts combined advanced analytics with predictive analytics in telecom to understand the challenges the client was facing. A deep dive into the challenges facing the European telecom industry helped our experts to understand the problems faced by the client and the reasons behind their inability to adapt telecom big data analytics to streamline operations and maximize profits. On further analysis of key problem areas of the client our experts revealed the client needed to form an effective marketing strategy to stop the high churn rate and acquire new customers. Our telecom big data analytics experts then began working on developing predictive data models for the client to help them with visualizing data to perform better and predict churn.

Within a very short span of time, the client was able to identify the factors that were resulting in high churn rates. Big data analytics for telecom also enabled the client to re-design better marketing strategies as per customer needs. In the final stage of this engagement, the client exponentially used customized big data analytics for telecom sector to develop new and better products which helped them to stand apart from their largest competitor.

Business Outcome

Big data analytics for telecom sector is gaining popularity and is witnessing wide-spread adaptation. The telecom big data analytics solutions offered by Quantzig helped the client to gain granular insights into the customer preferences which helped them to further understand their customers and their expectations. On developing products according to customer preferences, the client experienced a sudden surge in their consumer retention rates.

Quantzig’s telecom data analytics solutions also helped the client to:

  1. Reduce customer churn rate
  2. Acquire more customers
  3. Develop new data services
  4. Increase profit margins by 36%

Book a free solution demo of our big data analytics solutions that are specially curated for telecom industry.

Why Choose Quantzig’s Telecom Big Data Analytics Solutions?

The rise in the use of smartphones has triggered an eruption in the volume of data flowing through the networks of telecom companies. In such a scenario, it is crucial that the telecom companies collect, store, and analyze insights from the available data. Our global team of telecom data analytics experts possess the necessary skills and expertise required to help businesses drive bottom-line growth. Our telecom big data analytics solutions can help telecom operators to increase profitability by optimizing network usage and services, enhancing customer experience.

big data analytics

Big Data Analytics Helped a Client to Ease Data Processing & Improve Service Efficiency by 12%

“Considering the unique needs of our business and the complexities of our data sets, Quantzig’s big data analytics experts did an outstanding job in laying an analytics roadmap.”

About the Client

The client is a leading mobile marketing automation solutions provider based out of Austria that measures mobile app engagement and provides granular, analytical insights to its customers. They also empower companies to send customized marketing messages to meet the unique needs of the end-users across multiple channels such as in-app, push, email, web, and other media.

The Business Challenge

In today’s economically uncertain era, many leading businesses have come to appreciate that the key to better decisions, more effective customer engagement, sharper competitive edge, hyper-efficient operations, and compelling product development is- Data. The challenges faced by business is not due to the shortage of raw materials, but due to the lack of domain expertise and analytical skills to turn the unstructured, huge volumes of “Big Data” into actionable insights.

Request a free brochure of our analytics solutions to gain comprehensive insights into our portfolio of big data analytics capabilities and learn how customized analytics solutions can help you gain a front-liner advantage

The marketing automation segment witnessed accelerating growth only after 2014, around the same time when mobile users first outnumbered desktop users. Today, unstructured online data sets have grown exponentially making it crucial for businesses to leverage analytical methodologies to analyze these data sets. Moreover, the ongoing data deluge signifies that marketers pursuing consumers need to deploy a way to closely understand the end-users of their applications. This is crucial because once they analyze consumers’ mobile behavior, they can hone their core mobile marketing competencies to match their requirements.

The client- a mobile marketing automation company (MMAC), needed a massively scalable big data analytics platform to inform its marketing-oriented customers about how well their mobile applications were engaging mass-market consumers. The company sought a ‘single version of truth’ platform that was also affordable and user-friendly for the application developers, typically marketers who weren’t necessarily data scientists.

The client’s challenges spanned three core areas including:

  • Velocity
  • Variety
  • Volume

Still unsure about how big data analytics solutions can help you drive profitable growth? Talk to our analytics experts for comprehenisve insights.

Solution Offered and Value Delivered

As frontrunners among big data analytics solution providers, we exhibit proven big data analytics capabilities in successfully handling the entire lifecycle of big data implementation including deployment, development, maintenance, and support. Having worked on advanced technologies and big data analytics tools that are leading the big data ecosystem, our analytics experts poses the capability to develop big data analytics frameworks that address all the functional components including data provisioning, data management and data consumption. 

We adopted a comprehensive three-step approach to big data analytics that offered a 360-degree view of consumers interactions with mobile apps. The insights also enabled the client to choose what changes might boost usage, increase business, and retain consumers – and improve the ROI of their marketing investments. Also, by deploying visually interactive big data analytics dashboards we offered in-depth insights tailored specifically to each app developer and its offerings.

Gain limited time complimentary access to our analytics platform to learn how big data models and statistical techniques can help you make better business decisions

Phase 1

The first phase of this big data analytics case study revolved around data cleansing, data aggregation, and data analysis. A detailed analysis of customer data obtained from millions of smartphones helped the client to gain comprehensive insights into the demands of the end-users.

Phase 2

The second phase of the big data analytics engagement focused on analyzing and translating user behavior across a broad range of mobile apps. It also involved analyzing data on time-series information, sequential action, geo-location, and others across all types of applications and mobile devices.

Phase 3

The final phase of this big data analytics engagement revolved around data visualization and dashboarding to help the client analyze user paths while making in-app purchases.

BIG DATA ANALYTICS

Business Outcome

With the help of our big data analytics solutions, the mobile marketing automation solutions provider was able to improve their service efficiency by 12% and expand their capabilities, beyond supplying its customers with aggregated data about users of their applications. Data visualization and the devised big data analytics framework enabled the client to track and gauge customer engagement rates. Our big data analytics solutions also offered insights on how they could improve the UI of their applications to improve customer engagement.

Would you like to learn more about our big data analytics capabilities? 

transportation data analytics

A Multinational Manufacturing Giant Revamped Their Logistics Workflow Using Transportation Data Analytics

Headquartered in Denmark, the client is a leading consumer packaged goods manufacturer whose private label products are distributed to several retail outlets across the globe. To sustain a competitive edge, the client wanted to deploy the right logistics management systems and efficient processes to transport their products to the end-users. Though they had an extensive delivery team spread across geographies to connect their warehouses and partner outlets, they faced major roadblocks in transporting their goods in a timely manner.

The Business Challenge

Data obtained from every source can help you unearth actionable insights if analyzed accurately, and transportation data is no exception. Having said that, it’s crucial to note that transportation data analytics has the potential to improve logistics management, as well as enables businesses to optimize transit routes and services. Leveraging transportation data analytics to develop route maps can help businesses to optimize the logistic workflow, which in turn, will result in a drastic reduction in congestion levels and time spent in transit.

Request a FREE proposal to learn how you can create advanced logistics worflows using our transportation data analytics solutions.

The manufacturer’s delivery team was complex and comprised of hundreds of employees and partners. The use of outmoded logistics tracking systems made it difficult to track, update, monitor, and deliver products in a timely manner. Also, the outdated legacy systems were difficult to maintain and proved to be of no use in logistics management. Such factors along with the ongoing loss made it crucial for the client to replace the legacy system with a more efficient logistics work flow.

Solution Offered and Value Delivered

The CPG manufacturer approached Quantzig to leverage its expertise in transportation data analytics and drive significant improvements in the logistics work flow. Our transportation data analytics solutions helped the client to gain in-depth insights into their logistics routes through advanced backend dashboard that provided real-time insights based on transportation data.

Through our transportation data analytics solutions we helped the client to revamp their current logistics workflow and achieve the desired level of efficiency. In addition, it’s essential to note that transportation analytics improved their logistics and route planning capability and helped them achieve huge savings on maintenance and renewal.

Ensure the efficient transportation of people and goods using advanced strategies built from the insights of transportation data analytics.

Benefits of Transportation Data Analytics

(more…)

master data management

Harnessing the Power of Master Data Management to Enhance Spend Visibility and Compliance in the Manufacturing Sector

The client is a leading manufacturer and distributor of high-quality construction equipment based out of Europe. The company is well-known for delivering high-quality construction equipment and services all over the globe. In today’s complex business scenario, establishing a data governance program may seem like an uphill task even for well-established companies. The client, a multinational conglomerate in the industrial and manufacturing sector was no exception. With business units spread across Europe, the client faced several master data management issues that left a measurable impact on their business operations.

The Business Challenge

(more…)

enterprise data management

Enterprise Data Management for an Industrial and Manufacturing Company | Quantzig

Learn how our enterprise data management solutions and data visualization dashboards can open a new world of possibilities for your organization.

The ever-growing need to enhance compliance, risk management, operating efficiencies, and client relationships have prompted leading players across industries to focus on enterprise data management. This requires businesses to adopt a comprehensive approach to data analysis. A well-structured enterprise data management system helps businesses to bring most of these functionalities under one umbrella, helping them establish appropriate standards of conformity, data integrity, and reliability by increasing data efficiency and throughput.

At Quantzig, we understand the need to deploy robust data management systems to tackle the challenges that arise in today’s complex business landscapes. Our customizable enterprise data management solutions have helped several players across industries. This success story is a classic example of our data management capabilities.

Would you like to take your enterprise data management strategy to a higher level? Contact us today!

What is enterprise data management?

(more…)

healthcare analytics

How Healthcare Analytics Helped a Client to Unravel Many Facets of the Oncology Drugs Segment to Successfully Launch a New Product | A Quantzig Success Story

The client is a leading player in the specialty drugs market based out of the United States. With several years of expertise in drug development, they were looking at leveraging healthcare analytics to make a remarkable entry into the oncology drugs segment through the introduction of a new oncology drug.

The Business Challenge

The healthcare industry today is amidst major tectonic shifts. The ongoing regulatory changes coupled with far-reaching patient protection and affordable care act in the United States are prompting leading players to change their status quo. Besides the increasing costs of regulatory compliance, healthcare players are also facing rising research and development costs. Though the increased regulatory supervision has turned out to be a major burden. Such regulatory requirements are putting in place a solid foundation for healthcare analytics, which, in turn, can be used to drive major organizational transformations. By using this opportunity organizations can extract additional value from patient data and leverage it to create a competitive differentiation.

Though the specialty drugs market continues to exhibit a massive sales growth with the introduction of more targeted therapies, it has become increasingly challenging to monitor and understand how therapies are being utilized by physicians. This challenge is further compounded by the complexity of the oncology drugs market where treatment decision options are highly personalized to each patient’s genetic profile. Facing similar predicaments, a leading pharma company approached Quantzig to leverage its healthcare analytics expertise to successfully launch their new oncology drug.

Request a FREE Demo to uncover the true potential of healthcare analytics.

Top Challenges Faced by the Client

Problem Statement 1

The client needed to adopt a sophisticated analytics-based approach to gain detailed insights into physician and customer journeys. Limited insights into market dynamics and understanding of customer decision making prevented them from gaining a complete view of the market.

Problem Statement 2

Though the new product launch strategy looked promising, the client had to gain better insights on stakeholder interactions and process data, as multiple stakeholders were involved in the oncology drugs segment.

Problem Statement 3

The company also needed to develop a post-launch analytics strategy to assess the marketing effectiveness and commercial success of the new drug. This proved to be a major challenge as it required the client to devise a long-term, holistic approach encompassing enterprise-level capabilities, technology, analytics, and data management skills.

Analyzing the Complex Pharma Landscape with the Help of Healthcare Analytics

Request a FREE proposal to gain in-depth insights into our portfolio of healthcare analytics solutions.

Solution Offered and Value Delivered

To gain the desired insights and to support the information needs of the oncology drugs segment, the healthcare analytics experts at Quantzig adopted a comprehensive three-pronged approach.

Phase 1

The initial phase of this healthcare analytics engagement focused on analyzing patient datasets to offer a comprehensive view of patient journeys. Such an approach not only helped unravel the different facets of the oncology drugs landscape but also helped the client to better understand the current prescribing and utilization patterns, which, in turn, helped them identify physician practices that presented the greatest opportunity for improving patient care.

Phase 2

In the second phase, a dedicated team of healthcare data analytics experts and data scientists were assigned the task of assessing the impacts of prescribed therapies and their clinical outcomes. Leveraging healthcare analytics helped bring about ground-breaking results by offering meaningful insights that empowered the client to further strengthen their drug development approach and improve the marketing effectiveness of the new drug.

Phase 3

The third phase of this healthcare analytics engagement focused on leveraging predictive analytics to gauge the impact of the new product launch.

The healthcare analytics solutions coupled with predictive health analytics offered timely, targeted insights that aided the client’s drug development process. Along with identifying the factors driving therapies, drug development, and treatment selection, the offered solutions also helped the client to identify barriers to utilization. Equipped with such granular insights the client was better positioned to gauge marketing effectiveness and the success ratio of its new product prior to its launch.

Why is Data Analytics Important in Healthcare?

(more…)

A Leading International Bank Improves New Account Activity and Customer Retention Using Predictive Modeling

Overview

The banking and financial services sector has transformed tremendously over the past few years. The recent advances in analytics and predictive modeling techniques have further propelled businesses by offering powerful analytics tools to gain insights into the changing customer needs and behaviors. With the rise in the use of advanced analytics and data visualization techniques, these analytics advances have begun to accelerate rapidly across industries. The potential benefits of these sweeping new advances and predictive modeling techniques are reflected in a variety of areas such as enhanced anticipation and prediction of possible customer churn, improved effectiveness of cross-selling and marketing activities, and greater efficiency and accuracy in anti-money laundering, and other compliance initiatives.

In such a complex business scenario, satisfying the growing customer base turns out to be a daunting task even for well-established banks. Though banks have been adopting various tools to address these challenges, factors such as ensuring long-term loyalty, customer retention, fraud detection, and credit risk management have always been key areas of concern. Facing similar challenges the client in this study realized that predictive modeling would help them address such issues. The client chose to partner with Quantzig to effectively address their challenges and to expand their knowledge of how modern tools and predictive modeling techniques could improve the efficacy of their existing business models.

Request a demo to know more about predictive modeling techniques.

Predicaments Faced

The banking client had been running a new customer acquisition program that focused on new customers relocating near branches with a cash incentive to open new bank accounts. Although the program had generated reasonably good results, the bank was anticipating reductions in available marketing budgets and wanted to lower program management costs while improving overall business outcomes.

Our Solution

Our experts worked closely with the client to develop a new predictive modeling process that makes accurate forecasts to best serve their business budget and operation planning needs. The devised predictive modeling process helped the client to identify influential attributes of new responders by categorizing the prospects into five groups based on their probability of response. The client targeted the top five categories that consisted of 60% of the new and most responsive user groups.

The use of a new predictive modeling approach delivered detailed insights and accurate predictions that helped resolve business uncertainties into profitable probabilities. To take advantage of the insights offered by the new predictive modeling approach and to make better, more profitable decisions, the client wanted to deploy predictive analytics models in their operational systems. A new business plan coupled with a robust predictive modeling platform delivered:

  • A collaborative environment and shared framework for problem definition to ensure the analytics is solving the right problem
  • A repeatable, industrial-scale predictive model

Our Predictive Modeling Solutions Can Help You Gauge Business Success

Business Impact

The solutions offered resulted in a stable predictive model with a performance that exceeded the client’s existing system, despite the considerable effort that had been invested in their existing model. Also, it’s essential to note that by focusing on the most responsive, new targets the client significantly increased customer acquisition rates and associated transactions while cutting down on their marketing costs. The predictive modeling solutions also empowered the client to fine-tune the audience based on various criteria to accurately predict acquisition campaign results. This, in turn, enabled the bank to optimize program performance on a continuous basis.

The adoption of predictive modeling techniques offered the following outcomes:

  • Customer acquisition rates increased by 25%
  • New account activity improved by 30%
  • Significant reduction in marketing costs

What are the different types of predictive models?

(more…)

Close
Quantzig Logo

Hello there!

Are you interested in Quantzig’s analytics solutions?

Contact us by submitting your details below and we will get in touch with you.

Cookie Policy

The Site uses cookies to record users' preferences in relation to the functionality of accessibility. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice