Our Prospecta Partnership: Accelerating Value in the Supply Chain Space

Prospecta and Logic Point are partnering to offer software and services that build new efficiency in the Supply Chain and Enterprise Asset Management Space. Logic Point will be Prospecta’s North American Services partner, offering industry expertise as well as technology consulting services to deliver Prospecta’s class-leading Data Offerings.

We’re adding Prospecta’s Master Data Online (MDO) solution to Data Sherpa’s suite of software for Master Data Governance and Data Quality as a Service. MDO will be delivered to clients using Data Sherpa’s Accelerators and Methodware. Our customers will enjoy a beautiful user experience, easy-to-implement rules for data governance and assured data quality. No matter where your data lives or how it is used, Data Sherpa can now ensure that your data is reliable and trustworthy.

Data Sherpa is designed to help asset intensive companies define and attain business value through data. Every Data Sherpa engagement can be scoped to include important elements to drive success, such as, Organizational Change Management, Project Management Accelerators, Design Thinking Driven Data Initiatives and various Industry-specific enhancements.


About MDO

Prospecta’s Master Data Online (MDO) delivers trustworthy and reliable data to business users by mediating, managing and governing core master data shared by multiple master data domains. Available both on cloud and enterprise models MDO can integrate with SAP, Salesforce, Microsoft and other leading enterprise solutions.


About Prospecta

Prospecta develops enterprise solutions that empower users to take control of their business processes with optimized data quality through MDO Data Quality framework. Key solution offerings are in the space of Data Governance/Data Quality (Master Data Online) & Occupational Health & Safety (Work Safe Online).

With almost two decades of experience in IT solution development, Prospecta continues to transform the way organizations automate their business processes. Headquartered in Sydney, Australia with offices in USA and India, our customers come from a diverse range of industries and verticals. With a passionate and product focused team, we continuously improvise & enhance our solutions to meet business challenges that our customers face.

CIOReview: Logic Point is one of 2018's most promising SAP solution providers

CIOR.png

It's here. CIOReview has published profiles of 2018's most promising SAP Solution Providers and Logic Point is on that list.

Paul Theisen, Logic Point's COO (and former industry CIO), talks candidly about what makes Logic Point different, the importance of a strong data foundation for any enterprise transformation and the value of executive advisory from industry veterans.

Here are some quotes from the article that explain Logic Point's philosophy for taking our customers from vision to value.

Instead of just upping our monthly numbers we are shifting the focus back to the customer. We are led by an outcomes-driven approach that is agile by design, underpinned by a fair and cost-effective pricing structure when compared to other alternatives in the market
— Spencer Brown, CEO, on why we started Logic Point

We are not all things to all companies. We believe in excelling at niche services and our forte primarily lies in data and content management, creating digital foundation transformation programs
— Paul Theisen on our go-to-market strategy

While it’s a combination of things that carries us into the foreseeable future, through it all we are laser focused to develop our competency, align with only those customers who genuinely need what we have to offer, and delivering rock-solid success for them
— Spencer Brown on our plan for the future

"The future of utility asset maintenance is prescriptive" (3 years later)

 

Spencer Brown, CEO of Logic Point on what's changed in the three years since this article was written.

jason-blackeye-212990.jpg

3 years ago, I wrote an article in the Electric Light and Power magazine predicting how IoT would change the way asset intensive industries would operate in the field. While adoption has been slow, there has since been an explosion of activity - new players, platforms, and new offerings provide many exciting options. Machine learning advances have led to increased "IoT edge processing" - driving more decisions within these IoT devices.

While the original article was focused on asset operational management, the advancements in processing and accessibility of data is driving new value through convergence with customer interaction.

Major players have entered the market to rapidly change the journey from data decision to intelligent automation. A few examples are Intel's network solutions for Smart Cities and Energy, GE's Predix partnerships with Apple handhelds and Microsoft Azure and penetrations in the generation industry, or SAP's Leonardo platform which begins to make IT and OT truly seamless. This is an exciting time with so much technology evolving so quickly, we only seem to be limited by our imagination in how to apply it.

Aviate, Navigate, Communicate

Logic Point COO, and former industrial CIO, Paul Theisen has a simple philosophy for successful transformation learned from piloting airplanes. 

kristopher-allison-249993.jpg

Industrial executives now understand that their firms are now in the information business, across all lines, and therefore need a trusted advisor with depth and experience, to help convert assets to analytics. Industrial firms need a twenty-first century navigator to chart the digital course, map the waypoints along the route, and maintain altitude and airspeed until the destination is reached. Logic Point was designed from the ground up for this purpose; to help transform industrials to achieve their own digital dominance.

I am an aviator. I love aviation for many reasons, but one reason in particular is the opportunity to manipulate a group of interrelated constraints, with purpose and precision, that will, if skillfully executed, not only optimize limited resources, but preserve your very life in the process! We have a saying in aviation, which we employ to remind us how to think during times of high-stress or unexpected circumstances – “Aviate, Navigate, Communicate” – in that order.

Aviate

Focus on the fundamentals first and foremost – keep everything running smoothly

 

Navigate

Think ahead and plot your next course of action, utilizing all the tools and resources available.

 

Communicate

Inform the outside world what your intentions are.

 

Nothing else matters if you fail to accomplish #1 -  keep it flying. If you succeed, focus on #2 – plot your next course of action and #3 - tell the world what you intend to do for them!

Executive Cheat Sheet: Robotic Process Automation

The problem

Your manual processes take too long. You have multiple sources of data, over-engineered processes and systems that don’t talk to each other. Process fatigue leads to poor data quality and long execution times.

nick-abrams-197003.jpg

Every part of your business is impacted by inefficient manual processes

Traditional responses to the problem

  1. Business Process re-engineering

  2. Build workflows and automate the old way

  3. Throw more people at the problem to reduce your workload


The RPA solution

RPA provides automation for time consuming and repetitive manual activities. It can touch many disconnected systems and applications and can offer a high degree of accuracy and predictability.

william-bout-264826.jpg

Welcome your new robot overlords

Commonly available RPA platforms enable the business user to automate processes easily using drag and drop interfaces. This focus on the user relies on its light touch, easy integration and user friendly interfaces.

Unlike traditional automation, RPA can be implemented quickly to offer quick wins. It also excels in the long term, when new platforms and processes are designed and implemented with an automation friendly approach.

noun_1251644_247fc3.png

Common use cases:

  • Scan and digitize paper invoices and use OCR to scrape and move data into an ERP system.

  • Automate rules based billing and exceptions for industrial customers.

  • Automate procurement processes to ensure you have the parts you need when you need them.

Why companies choose RPA

According to a recent HfS study, the top reasons a business chooses to implement RPA include:

  1. Driving more predictability and higher process quality
  2. Speeding up the time it takes to complete the processes
  3. Freeing up staff to move to different projects
noun_1145697_247fc3.png