The-Rise-of-Dashboards-in-Telecommunications.pdf

download The-Rise-of-Dashboards-in-Telecommunications.pdf

of 3

Transcript of The-Rise-of-Dashboards-in-Telecommunications.pdf

  • 7/30/2019 The-Rise-of-Dashboards-in-Telecommunications.pdf

    1/3

    The Rise of Dashboards in theTelecommunications IndustryNelson Ng, October 15th, 2012

    IntroductionThe term dashboard is as overused today as it is misunderstood. What exactly are dashboards? Are they jus

    screens with fancy charts and graphics on them, or do they serve a greater purpose?

    This document seeks to explain what problems well-executed dashboards solve and what benefits they provide

    within the context of the telecommunications industry.

    The easiest way to understand what role dashboards play in the industry is to examine some of the questions

    that professionals are asking.

    ProblemsHow do we proactively prevent customer attrition? What are the top and most current reasons that customers

    are leaving, and how might we respond to these dynamics? Can we proactively spot trends and possible issues

    in our billing system that could have an impact on churn?

    How do we identify and profile customers according to their opportunities and risks? Why are some customers

    not as profitable as others? Are our products right-sized for these customers according to their risk profile?

    How do we maximize the effectiveness and efficiency of our targeted marketing campaigns? How can we gain

    better understanding of usage, behavior and demography?

    What are the relationships between products, product groupings and customer segments? How do we price

    and bill for our data services?

    The intensity and frequency of disruption that is experienced in this industry due to new technologies,

    converging product lines, regulatory changes, economic volatility, and fierce and evolving competition has

    created an insatiable appetite for data. It is no longer sufficient to merely respond; telecommunications

    organizations need to proactively target problems before they occur and pursue opportunities as soon as they

    emerge. This need is reflected in the rapid growth of the business intelligence industry, which is predicted to

    www.dundas.com

  • 7/30/2019 The-Rise-of-Dashboards-in-Telecommunications.pdf

    2/3

    reach $13 billion in annual revenue in 2012, up from $11.5 billion in 2011 (Gartner, 2012).

    The goal of business intelligence (BI) is to deliver actionable information to people in an organization in order to

    facilitate better decision making. However, merely acquiring, storing and making data accessible is insufficient;

    data only becomes meaningful when it is understood by the person who receives it. The means by which

    people consume data can be broken down into three types, and while their individual distinctiveness is

    becoming increasingly blurred due to convergence, they each serve separate and distinct purposes.

    Types of Data PresentationReports are most popular form of presenting and summarizing data, because they are the easiest to create.

    While they are typically dominated by text and tables, they can also include data graphics. The purpose of a

    report is to provide a highly flexible and unconstrained means of presenting and consuming data in any form.

    Reports can fit into a single screen or span many pages.

    Analytic visualizations have become increasingly popular years as new technologies and improved computin

    power have afforded highly interactive and graphical ways of exploring data. These specialist-oriented tools are

    generally used by financial, business and data analysts and power users to explore the vast breadth and depth

    of datasets in a free-form environment. Analytic visualizations serve to allow people to explore, discover and

    analyze data, without being constrained to a specific sequence or order in which they have to access their data.

    People who use analytic visualizations often dont know what to look for or how to look for it; they use these

    tools to discover relationships that might not have already been identified.

    Dashboards, on the other hand, are designed to present data and causal relationships that have already been

    identified so they can be monitored without requiring effort or interactivity. In a single, purpose-built and

    concise screen, dashboards only contain the most essential data required to achieve organizational objectives

    and solve the problems that its intended users face. The purpose of a dashboard is to allow people to rapidlymonitor relevant and critical information at a glance, provide sufficient detail for context and analysis, and

    provide a fast and easy way of drilling-down to more detail.

    As a result, the effectiveness of a dashboard is heavily dependent on how well it is designed for its intended

    audience. While dashboards are becoming increasingly interactive, the effectiveness of a dashboard can be

    measured by the reduction of effort and time required to achieve insight.

    Benefits of Dashboards

    The benefits that dashboards bring to the telecommunications industry are manifold. Here are some of themost common:

    Improve customer retention by providing workers and managers better and more-relevant information from

    multiple systems at a glance, and, crucially, prescribing possible and profitable solutions to well-known problems.

    Proactively increase customer loyalty. Every interaction with a customer is an opportunity to proactively

    www.dundas.com

  • 7/30/2019 The-Rise-of-Dashboards-in-Telecommunications.pdf

    3/3

    improve their propensity to stay and right-size their products to maximize profitability and minimize the risk of churn

    Equip every individual that has a connection to a customer with information about lifetime value, profitability, usage,

    behavior, demography, customer service interactions, noteworthy billing issues, eligibility for promotions and

    campaigns, and possible risks.

    Create a holistic perspective of the customer. Information is traditionally segregated by accident of its mode o

    production, system, or department. Reduce information lag and create a more comprehensive and complete profile

    of the customer by providing a well-rounded profile that incorporates data from all relevant sources.

    Encourage consistency by creating a single version of the truth. Avoid needless conflicts between department

    managers and analysts about whose version of the data is correct by creating a single source of information that

    everybody in the business uses. Consolidate and manage business rules, definitions, metrics and terms to increase

    coordination and eliminate wasted effort.

    Reduce costs without sacrificing productivity and revenue generation by automating the process of

    presenting data, reducing the amount of time spent on producing content, and thereby increasing the amount of

    productive time spent analyzing and making better decisions.

    Empower people across the organization by giving them access to information and strategy. Help get ITdepartments out of the business of creating content for the business, so they can focus on developing and

    maintaining systems. This gives business users with average technical abilities a tremendous amount of power to ac

    in a positive way on information.

    Gain corporate alignment and operational dexterity by empowering individuals with sufficient information to

    react and confidently solve problems in a manner that is consistent with corporate strategy and consistent across the

    organization. Dashboards can guide and inform minor strategic course corrections, and also provide a standardized

    means to communicate and monitor these changes.

    Conclusion

    Dashboards serve a unique and important purpose within the telecommunications industry by providing workers of a

    technical abilities across the organization with decision-supporting information, delivered rapidly on computers and

    mobile devices, in an easy-to-use manner. The succinct and highly purpose-built nature of dashboards requires an

    exceptional amount of industry experience, knowledge of the data domain and specialized technical expertise to

    design, implement and provide training for. In addition, the technologies that are required to rapidly deliver the

    content in visual and interactive form across stationary and mobile devices require purpose-built software.

    Dundas Data Visualization, Inc. provides customized dashboard solutions delivered by a talented and experiencedteam of business consultants, project managers, software developers and interface designers, using a unique

    engagement model that emphasizes and prioritizes end-user adoption. Dundas visualization technologies have been

    used globally for 20 years, and have been incorporated into products like Microsoft SQL Server, SharePoint and Visua

    Studio. Dundas dashboard development product, Dundas Dashboard, was born out of its years of consulting and

    purpose-built to elegantly and effectively solve the unique needs and requirements of dashboard projects.

    www.dundas.com