Master Data Analytics
Identify problem locations or bottlenecks, drive improvements to your process and increase user efficiency with Maextro’s Master Data Analytics.
Maextro Master Data Analytics
Maextro Analytics Application enables deeper insights into your master data landscape in a simple but powerful reporting interface. Get more out of basic information such as the number of open vs closed requests, the number of requests by object or template, or more detailed information such as overdue tasks by process, interface errors, or trends for your rejections.
IDENTIFY PROBLEMS & BOTTLENECKS
DRIVE PROCESS IMPROVEMENTS
INCREASE USER EFFICIENCY
The Power of Master Data Analytics
The power of master data analytics lies in its ability to provide you with valuable insights needed to drive informed decision-making, optimise operations and identify growth opportunities. By analysing and leveraging master data, organisations can make data-driven decisions, improve supply chain efficiency, ensure compliance and gain a competitive advantage in the market.
Master data analytics provides valuable insights that enable organizations to make informed and data-driven decisions across various functions, including marketing, operations, and strategy.
Master data analytics helps optimize operations by identifying bottlenecks, streamlining processes, improving supply chain efficiency, and reducing costs.
Master Data solutions are a big investment, so why stop at implementation? Analytics shine a light on where process inefficiencies are still occurring. Monitoring and resolving these help your organisation perfect its processes and get more out of its investments.
Master data analytics uncovers growth opportunities, supports product/service innovation, and assists in identifying market trends and emerging customer needs.
Through analytics, organisations can identify and address data quality issues within master data, ensuring the accuracy, consistency, and reliability of information.
OUR ANALYTIC SOLUTIONS
Built on UI5
Maextro Analytics is built on the UI5 framework. With its user-friendly interface, responsive design, and high performance, it provides a seamless and engaging analytics experience, empowering users to analyse and visualize data with ease.
Real-time updates
With real-time updates, Maextro Analytics keeps you in the know with the most up-to-date information on your master data landscape. Stay on top of your data as it refreshes in real-time, ensuring you have timely insights for effective decision-making.
No code/ plug and play
Maextro Analytics offers a hassle-free experience with its no-code, plug-and-play functionality. Ditch complex coding and time-consuming setups. Simply install the application, connect your data source, and start exploring actionable insights immediately. Unlock the power of analytics effortlessly, without the need for technical expertise or training.
Mobile responsive
Experience seamless access to Maextro Analytics on the go with its mobile-responsive design. Whether you’re using a smartphone or tablet, the application automatically adapts to different screen sizes, ensuring a consistent and optimized user experience. Stay connected and access critical insights anytime, anywhere, with the convenience of mobile responsiveness.
Master Data Analytics FAQs
Master data analytics is the practice of analysing and leveraging the foundational data elements, known as master data, within an organisation to gain valuable insights, optimise operations, and drive informed decision-making. It involves employing various data analysis techniques, statistical models, and algorithms to uncover patterns, trends, and relationships within the master data. By analysing customer data, product data, supplier data, and other critical reference data, organisations can gain a comprehensive understanding of their entities, enhance customer experiences, improve operational efficiency, and identify growth opportunities. Master data analytics enables organisations to harness the power of their data assets for strategic advantage and improved business outcomes.
Analysing master data is crucial because it provides organisations with valuable insights and actionable information. By analysing customer data, product data, and other core reference data, organisations can gain a deep understanding of their customers, market trends, and operational performance. This analysis enables informed decision-making, personalised marketing efforts, enhanced customer experiences, optimised supply chain operations, and improved overall business performance. By leveraging the power of master data analysis, organisations can identify growth opportunities, mitigate risks, optimise processes, and stay competitive in today's data-driven business landscape. Master data analysis is essential for maximising the value and potential of data assets and driving business success.
Organisations can analyse their master data using various methods and techniques. Here are some common approaches:
Data Visualisation: Utilise data visualisation tools to represent master data in visual formats such as charts, graphs, and dashboards. Visualisations help identify trends, patterns, and relationships within the data.
Statistical Analysis: Employ statistical techniques such as regression analysis, correlation analysis, and hypothesis testing to derive meaningful insights from the master data. Statistical analysis helps identify significant relationships and trends within the data.
Key Performance Indicators (KPIs): Define and track KPIs based on the master data to measure and monitor performance. Analyse KPI trends and benchmarks to assess the effectiveness of business strategies and operations.
Data Quality Analysis: Analyse the quality of master data by examining completeness, accuracy, consistency, and timeliness. Identify and address data quality issues through profiling, validation, and cleansing techniques.
Done manually, this requires a lot of time and effort, which many may find tedious. However, this doesn’t make it any less important to business operations. There is an alternative to the manual route. Maextro’s Master Data Analytics tool automates all of these as standards. Leaving users with an easy-to-understand dashboard of all the important bits- like bottlenecks and how to drive improvements.
Yes, master data analytics can be automated to a significant extent using Maextro. Maextro Automation can streamline various aspects of the analysis process, including data profiling, data cleansing, data integration, and even applying advanced analytics algorithms. Organisations can leverage the Maextro data analytics app to expedite the analysis of master data. Automated processes can handle large volumes of data, perform routine tasks, and generate insights more efficiently. However, it's important to note that human expertise is still crucial for interpreting results, validating insights, and making informed decisions based on automated analysis. The combination of automation and human expertise can maximise the benefits of master data analytics.