How to transform metals data into actionable insights

Transforming raw data into actionable insights is a multifaceted process that involves six steps, all of which are bundled together in our turnkey analytics solution: Crowe Metals Accelerator Analytics.

Step 1: Define end goals

Start by clearly stating what stakeholders want to achieve with data analytics. Identify the problems to be solved.

Step 2: Identify key analytics

Outline the key performance indicators and analytics that decision-makers can use to solve the problems and reach the end goals.

Step 3: Determine the necessary data points

Begin building the model behind the analytics by defining the scope of metals data necessary to generate the analytics and the relationships between these data points.

Step 4: Create technical architecture

Create infrastructure that can efficiently extract metals data, centralize, contextualize, and transform it into the desired analytics. Keep in mind that producing an optimal architecture that incorporates all factors and one that is cost-effective, scalable, extensible, agile, and built for the future requires deep specialization.

Step 5: Generate reports

Develop easy-to-read reports that display the relevant metals data. Tailor these reports to different parts of the business so everyone has access to the insights and can understand how they bring value to each specific area.

Step 6: Train end users

Work toward companywide buy-in, remembering that a data-driven future takes time and effort. Support end users, who typically have their own way of solving problems, by providing specific training as necessary to unleash the potential of the analytics tool and scale it to solve future problems.

These steps, roles, and skill sets can help provide greater clarity and insight into what it takes to transform metals data into actionable insights. With these resources, your metals company can empower leaders to be more strategic and make better business decisions faster.

If you need help at any point in the process, someone to help fill in a knowledge gap, or a better understanding of the technology you need, we’re here to help. We have decades of combined experience working with metals companies, and we’ve built industry-specific systems like Crowe Metals Accelerator Analytics to help companies like yours get the most out of your metals data. Don’t hesitate to reach out with any questions.