Transmission & Distribution Webinar PI for Asset Model and Analytics
eSSETS Webinar: Analytics for Facility and Asset Management
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Transcript of eSSETS Webinar: Analytics for Facility and Asset Management
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eSSETS
Webinar:
Analytics for Facility & Asset Management
Wednesday, May 29th @ 1 pm CDT
Paul Roberts
CEO of eSSETS
Web: www.essets.com
LinkedIn: www.linkedin.com/company/essets
Twitter: www.twitter.com/eSSETS
Facebook: www.facebook.com/eSSETS
![Page 2: eSSETS Webinar: Analytics for Facility and Asset Management](https://reader034.fdocuments.in/reader034/viewer/2022052310/55595a71d8b42a93708b4b5e/html5/thumbnails/2.jpg)
Webinar Goals
• What is Analytics?
• Who is using?
• Conceptual overview
• FM Framework
• Introduce some terms
• Show & tell in Excel
• Provide at least 1 thing you can use
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What is Analytics?
• Using data to make better decisions
• Basic Levels 1. Descriptive – looking back
2. Predictive – looking forward
3. Prescriptive – take advantage of predictions
![Page 4: eSSETS Webinar: Analytics for Facility and Asset Management](https://reader034.fdocuments.in/reader034/viewer/2022052310/55595a71d8b42a93708b4b5e/html5/thumbnails/4.jpg)
Who is using it?
• Wall Street
• Law Enforcement
• Insurance
• Retail
• Hospitality
• Consulting
![Page 5: eSSETS Webinar: Analytics for Facility and Asset Management](https://reader034.fdocuments.in/reader034/viewer/2022052310/55595a71d8b42a93708b4b5e/html5/thumbnails/5.jpg)
What functions use it?
• Sales
• Marketing
• Operations
• Finance
• HR
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Data First
• To analyze data, you must first have data
• Systems (CMMS, EAM, CAFM) help you
gather data
• You are the Analyst eSSETS screen shot
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Types of Data Examples
• When
• Where (Place, Location)
• What (Asset type)
• Activity (work) type
• Who – People, Vendors
• How Much
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Conceptual Framework
• Dimensions
• Measures
• Hierarchies
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Date & Time
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Where is it?
Place provide reference
point for analysis:
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Where - is a Dimension w/granularity
within a hierarchy
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What is it?
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Activity Type
• Service Requests
• Action Lists o Inspections
o Preventive Maintenance
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Who
• Who asked for it (requester)?
• Who done-it o Your staff
o Vendor/Contractor
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Some Terms
• BI - Business Intelligence
• BA – Business Analytics
• OLAP – Online Analytical Processing
• ETL – Extract, Transform, Load
• Data Warehouse
• Big Data
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Cluster Analysis
Simulation Modeling
Regression Analysis
Descriptive Statistics
Prescriptive (what actions
should be taken)
Prediction
(What might happen)
Forecasting
(What might happen)
Monitoring (what’s
happening now)
Analysis
(why did it happen)
Analytic Continuum
High
Low
Co
mp
lexit
y
Business Value
Reporting
(what happened)
Behavioral Questions “Who are my best customers?
Where do they live?
What is their most likely next purchase?
Quantity Questions How much inventory do we need to carry?
What stock levels will be left at the EOM?
What will Sales finish at this year?
Optimal Outcome Questions (potential outcomes based on complex interactions)
How can we achieve the best outcome?
What is the impact of a cold winter on our business?
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ETL Walk Through
• Extract to csv (comma delimited file)
• Open in Excel
• Format & cleanse the data o Header row
o Filters
• Create Pivot table
• Create Pivot chart
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Q & A
• Questions for Paul?
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eSSETS
Questions & Answers
Paul Roberts:
Web: www.essets.com
LinkedIn: www.linkedin.com/company/essets
Twitter: www.twitter.com/eSSETS
Facebook: www.facebook.com/eSSETS
Next Steps
Contact Paul to arrange for demonstration of eSSETS cloud-based facilities
management software.
Thanks to Ray Major, CEO of Halo Business Intelligence for Analytic
Continuum slide - www.halobi.com