In today's data-centric business environment, organizations are increasingly seeking ways to harness their data assets for strategic advantage. This case study explores how Quantzig assisted a leading European Fast-Moving Consumer Goods (FMCG) company in standardizing their data, streamlining delivery mechanisms, and enhancing data usage tracking through effective data monetization strategies.
Key Points
- 60% reduction in data redundancy : Improved operational efficiency
- 28% decrease in Total Cost of Ownership (TCO) : Lower infrastructure costs
- Secured additional budgets for data investments : Strengthened data-driven decision-making
- Enabled expansion through improved data management : Enhanced business scalability
Problem Statement
The client, a prominent European FMCG company with a workforce of 20,000 employees, faced significant challenges in managing and utilizing their vast data resources.
- Data scattered across multiple sources : Inefficiencies in data access and management
- Labor-intensive data governance : Strain on manpower and increased costs
- Difficulty in determining benchmark costs & ROI : Hindered financial planning & resource allocation
- Lack of standardized KPIs : Limited ability to derive strategic insights
The client sought a solution to consolidate their data, establish efficient governance, and standardize KPIs to extract actionable business insights.
Objectives
To drive value from data monetization, the client aimed to establish a standardized data framework that would enhance efficiency, improve decision-making, and reduce operational costs. Quantzig’s solution focused on aligning data strategies with business goals, ensuring seamless data integration and governance.
- Identify profit-generating KPIs : Measure tangible and intangible benefits from data
- Establish standardized data processing : Improve efficiency through automation
- Conduct a data inventory assessment : Identify gaps and redundancy in data usage
- Develop a custom data management platform : Streamline processes and eliminate duplication
Solution Implemented
Quantzig adopted a systematic approach to address the client's challenges:
- Identification of Key KPIs: Pinpointed profit-generating KPIs and assessed business benefits.
- Standardization and Automation: Streamlined data processing through automation.
- Data Inventory Assessment: Identified redundancy, consumption gaps, and duplication.
- Custom Platform Development: Leveraged Microsoft Power Platforms and Synapse to centralize data and enhance efficiency.
Technology Used
- Microsoft Power Platforms : Data visualization and automation
- Microsoft Synapse : Advanced data integration and analysis
- Business intelligence tools : Data mining and performance tracking
- Data automation tools : Workflow optimization and governance
Results & Impact
The implementation of Quantzig’s solutions led to measurable improvements in the client’s data management and operational efficiency.
| Metric | Before | After | Improvement |
|---|---|---|---|
| Data Redundancy | High duplication across systems | Standardized and consolidated data | 60% reduction in redundancy |
| Total Cost of Ownership (TCO) | Elevated infrastructure and maintenance costs | Optimized resource allocation and automation | 28% decrease in TCO |
| Data Accessibility | Fragmented and inconsistent data sources | Centralized and structured data repository | Improved data retrieval speed |
| KPI Standardization | Lack of unified performance metrics | Established consistent benchmarks | Enhanced decision-making accuracy |
Qualitative Impact
- Quantifiable business value : Increased stakeholder confidence
- Additional budget secured for data projects : Enhanced long-term investments
- Improved data governance : Strengthened compliance and security
- Standardized KPIs for better decision-making : More accurate business insights
How Quantzig Can Help?
With over 20 years of expertise in data analytics, Quantzig specializes in transforming data into valuable business assets. Our solutions help enterprises standardize data processes, enhance governance, and unlock new revenue streams through effective data monetization strategies.
Capabilities
- Proven track record in enterprise data solutions
- Custom data management platforms and tailored solutions for unique business needs
- Cutting-edge automation and AI-driven insights
