Industries are required to dynamically adapt their business processes and practices to evolving market conditions to stay relevant and competitive. Many metals and mining firms have not been able to utilize the full potential of big data and data analytics and lagging in capturing the real impact. They can eliminate data silos in their internal and partner ecosystems to harness the power of data to forecast demand better, innovate faster and boost profitability while lowering costs.
Solution Overview
Tech Mahindra’s Advanced Analytics Suite is conceptualized around three themes: Simplify, Optimize, and Accelerate. The solution suite consists of three different modules built to address the most important functions, creating a foundation for operational efficiency improvement and innovation.More
Tech Mahindra’s Advanced Analytics Suite is conceptualized around three themes: Simplify, Optimize, and Accelerate. The solution suite consists of three different modules built to address the most important functions, creating a foundation for operational efficiency improvement and innovation. The solution suite is designed to serve our customers in the business process areas of supply chain management, predictive maintenance, and quality management, with predictive analytics features to help them take proactive and pre-emptive action for pressing business issues.
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Industry Challenge
Solution highlights
- PRISM Platform - Predictive insights from Tech Mahindra
- iDecisions®, a SCOR compliant framework
- Analytics offered as a service - CAPEX to OPEX model
- Around 50% reduction in time to deliver analytics services
- Pre-built KPI library and dashboards
- Descriptive, diagnostic, and predictive analytics models
- Cloud-based / on-premises hosting models
Solution Benefits
- Increases inventory turnout and asset utilization by
8 - 10 % - Ensures a minimum of 1% reduction in equipment failure probability
- Decreases unplanned downtime by 20%
- Increases operating margins by at least 8%