How Data Analytics Transformed Operations for a Leading Minerals Company.
Benefits Achieved:
- Significant reduction in overtime costs (estimated $5 million per year saved without decreasing productivity).
- Utilisation of a $250 million fleet of vehicles improved by >20% due to improved attendance of people.
- Cost savings were enabled by enhanced data analytics driving decision-making.
The Challenge:
Our client, a major player in the mining sector, struggled with managing overtime costs, integrating various disconnected systems, and maximising the use of their workforce and vehicles.
The Solution:
Nexus Data stepped in with a comprehensive outsourced data analytics solution. We began with a strategic engagement to secure budget approval. Our focus for value creation was on people analytics, addressing challenges in the organisation chart, time and attendance, training, leave systems, and improving data accuracy and reliability.
Value Generated:
- Reduced Overtime Costs: Significant savings were achieved by improving insights to cut down unnecessary overtime.
- Optimised Vehicle Utilization: Better management of vehicle use improved production and efficiency.
- Enhanced Decision-Making: Comprehensive and consolidated role-based insights improved decision-making processes.
- Operational Efficiency: Automated reporting and data integration streamlined operations.
- Better Data Management: Improved data accuracy and reliability provided a clear direction for future analytics initiatives.
Project Highlights:
Cost Savings: Tangible reductions in overtime costs and improved operational processes.
Growth Platform: Established a solid foundation for future data analytics growth and value realisation.
Client Confidence: Proven methodologies and reliable data processes boosted stakeholder confidence for further investment to unlock more value.
Main Aspects of Delivery:
Project and Delivery Management: Maintained focus on core deliverables with effective stakeholder engagement and reporting.
Technical Implementation: Automated processes through a dedicated data engineering and architecture team accelerated delivery by up to 5x versus using a manual approach.
Data Analytics Delivery: Provided value-driving insights through data analytics solutions for business users.
Data Governance and Trust: Ensured data quality, reliability, and trust through robust governance practices.
Conclusion
The outsourced data analytics solution from Nexus Data transformed our client’s operations. We generated substantial value by reducing overtime costs, improving vehicle utilisation, and enhancing decision-making. Our robust project management, advanced technical solutions, and fit-for-purpose data governance practices have laid a strong foundation for future growth in the client’s data analytics capabilities. The client can confidently move forward, leveraging reliable data and insights to drive further efficiencies and operational excellence. This engagement demonstrates the tangible benefits of our tailored data analytics strategies.
Ready to unlock the potential of data analytics for your organisation? Take our Propensity to Profit from Data scorecard to discover how data analytics can drive significant operational and financial benefits for you. Start your transformation today by identifying key areas where data can enhance your success. Contact us to learn more and begin your data analytics-driven value acceleration journey with Nexus Data.
Ready to unlock the potential of data analytics for your organisation?
Contact us to learn more and begin your data analytics-driven value acceleration journey with Nexus Data.
Written by Karl Dinkelmann CA(SA). Karl is the CEO of Nexus Data, and a visionary leader in business and data analytics strategy. With nearly two decades of experience, Karl has spearheaded transformative initiatives for global organisations, including Nestle, AIG, Dimension Data and several others. His consulting work has led to clients generating multiple millions of dollars in value, and the establishment of class-leading data functions. Karl’s strategic vision empowers organisations to unlock accelerated business value from their data.