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Predictive Analytics is the next step in making quantifiable decisions which allow businesses to firmly establish next steps in their budgetary and operational roadmap.
Within the IWMS space, Tjene has developed pre-built predictive models for four key areas to enable businesses to quickly adopt and apply forecasted results to move analytics faster.
The Problem
What will my real estate portfolio look like in the next few years? In particular, how much will my upcoming lease options cost me?
The Approach
We predicted a cost per square feet (sqf) for all upcoming lease options based on the following features:
- Associated lease
- Size (sqf)
- Location (city)
- Option exercise date
The Solution
The image below is a custom dashboard that shows the future distribution of a portfolio across cities and leases over time.
The Problem
- How will my facilities and facilities management teams grow in the next few years?
- Will I be able to keep up with such growth?
The Approach
We took historical work task information, factored in seasonality and forecasted what weekly task counts are going to be like in the future. The model can be drilled down into task type, request class, etc.
The Solution
The group below shows the forecasted weekly work task counts for the approximate next 1.5 years.
The Problem
- How long will my space be able to accommodate my business' growth in size?
The Approach
Using historical data, we fit two time series models to forecast growth in employees (head count) and space (sqf/size). When forecasting, both models will take trend and seasonality into account.
The Solution
The graph below shows your forecasted growth in employees versus your growth in capacity. This provides great insights for strategic space planning, as well as prevents your company from experiencing growing pains.
The Problem
- Will my capital projects go over budget?
The Approach
Using historical data of the completed capital projects, we created two forecasting models that use the following features below:
- Project type
- Project classification
- City
- Country
First, we determined which projects are forecasted to be over budget. Next, we predict how much the project will be over budget, and which areas there are discrepancies in the budget.
The Solution
The graph below shows a financial breakdown of which capital projects are forecasted to be over budget.
Interactive dashboards and reports are critical in getting data to appear in clear, vivid, and interactive visualizations. Business groups and users expect and need access to freely build metrics and visualizations to help them extract even greater insight than canned reports.
In presenting data, the use of colour, visuals, and layout can have a great effect on a person’s ability to quickly understand the data and draw business decisions from what is shown. Through the use of interactive dashboards and reports, Tjene enables users to visualize the information and allow their data to tell a story.
Click below to interact with the four dashboards in the following use cases:
