Leveraging What-If Analysis and Power BI to Make Business Decisions During the Coronavirus Pandemic
Find out how this AEC company is unlocking critical insights to pivot and prioritize during COVID-19.
With the outbreak of the coronavirus pandemic in the late winter of 2020, businesses quickly began facing a multitude of challenges related to adjusting to a new normal that could have serious impacts on their projects (along with associated financial impacts). Unavailability of labor, technical support, resources, or supply deliveries are all causing project delays – impacting sectors like the engineering and construction industry.
Businesses are thus looking at new ways to manage and monitor their business and adapt in a quicker manner using technology available like data analytics and data visualization.
Our customer, a leading architecture, engineering, and construction (AEC) firm, was in this same situation. They wanted to understand which projects were being affected by COVID-19 impacts in order to assess the net impact on their revenue. With the goal being to pivot and prioritize their goals in a time of crisis, they partnered with CloudMoyo to leverage what-if analysis and Power BI.
The resulting solution was the implementation of what-if parameters in the customer's existing model and Power BI reports. This enabled the predicting or forecasting of what could happen in the future, giving financial professionals and project managers a single view to inform decision-making.
Download your copy of the customer success story to discover key metrics this solution is enabling the customer to track, along with the business value delivered:
- Quickly obtain financial projections of the near-future
- Consider dynamic changes in the market
- Adapt, pivot, and prioritize in uncertain times
