“The Honeypot” - Hivetec’s Data Warehouse Insights Lab

G) HIGH RETURN ON INVESTMENT (ROI)
Return on investment (ROI) refers to the amount of increased revenue or decreased expenses
a business will be able to realise from any project or investment of capital. Subsequently,
implementations of data warehouses and complementary business intelligence systems have
enabled business to generate higher amounts of revenue and provide substantial cost savings.
According to a 2002 International Data Corporation (IDC) study “The Financial Impact of
Business Analytics”, analytics projects have been achieving a substantial impact on a business’
financial status. Additionally, the study found that business analytics implementations have
generated a median five-year return on investment of 112% with a mean payback of 1.6
years. Of the businesses included in the study, 54% have had a return on investment of 101%
or more.
Specific jobactive/DES Benefits (Would you like to?):
(i)
Save the cost of buying Tableau licences (at least 15,000AUD annually).
(ii)
Share data sources across several teams in your organisation (e.g. finance analysts can use data
sources that your Business Intelligence team prepared).
(iii) Find opportunities and avoid risks. For instance, using advanced analysis, business developers
and consultants can better allocate their time and resources (e.g. the probability that an employer has
a brokered vacancy or the probability that a placement converts to a 4 week outcome).
(iv) Save the cost of the infrastructure and the maintenance of having a data-warehouse inside your
office. The honey pot is a cloud solution which is IRAP (InfoSec Registered Assessors Program) certified.
Hivetec uses Vault system cloud services which is IRAP certified.
The HONEY
“THE HONEY” FOR LEADERS AND BUSINESS ANALYSTS IN JOBACTIVE AND
DES PROVIDER ORGANISATIONS:
1. Making daily reports automated;
2. Accessing external data sources in a secure Tableau Environment (e.g. CSV, external data warehouse
Google analytics);
3. Freeing up the Business Intelligence team time so they can spend more time on analysing data rather than
creating daily, monthly reports;
4. Improving running time of offline reports;
5. Importing and exporting files into Tableau environment;
6. Integrating different data sources in one place;
7. Publishing reports from external resources on Bridge (analytics);
8. Publishing reports from external resources in Tableau management (analytics);
9. Saving costs for buying another BI tools (e.g. $15,000AUD annually for Tableau); and
10. Creating history data by importing different ESS reports every day (e.g. history of clients status, case load
changes over time)