Success measurement of geqoio iDMP
Here, a profitability calculation is traditionally hidden behind it. Either the notorious RoI (Return on Investment) is used and/or the payback period. Both ultimately refer to the improvement after a change/investment/acquisition. The improvements are usually:
- "faster" — one needs less time for the same activity, so one person accomplishes more in a day. Possibly, I can save employees and deploy them for other tasks without hiring new ones.
- "better" — the quality increases: reliability, consistent performance. The product promise contributes to customer loyalty or even increases sales — Business Continuity and competitive advantages.
- "cheaper" — technological leaps increase productivity, thus the "output" is greater than before.
In short: save costs, achieve more. This increases the RoI, i.e., the interest rate for the investment, and shortens the time until I have "recouped" the investment.
"Quality comes from tormenting", at least that's what they say. What is meant by this is: If you do not properly nurture and care for what arises in business — data in seemingly endless quantities — then it cannot be expected that results from this data will bring trust and the necessary added value. A measure for better quality is, for example, the error rate.
“He who waits, loses.” This applies in sports, in competition, and especially in data processing. Performance is the answer to the question: How quickly can I get from the question to the answer? With large amounts of data, this often determines whether an evaluation is even carried out — or whether it is postponed to “tomorrow” because the system takes half an hour to compute. With geqoio iDMP, hours become minutes and minutes become seconds. Specifically, this pays off in:
- Acceptance — if a report is ready in 3 seconds, it will be used. If it takes 3 minutes, it will not.
- Decision speed — quick answers mean quick decisions and thus shorter reaction times to the market, customers, and competition.
- Scaling — the volume of data is growing, and the requirements are growing with it. Performance is the assurance that growth does not become a brake.
A typical measure here is the query response time or throughput per hour.
“The power of realtime data” — not without reason our motto. The difference between "data from yesterday" and "data from now" is often the difference between reacting and acting. Classic reporting shows the past, real-time shows what is currently happening — and thus provides the opportunity to intervene at the right moment. An empty shelf space, a delivery delay, a deviating consumption pattern: all of this has a value that decreases with every minute that passes. Real-time means specifically:
- Deciding in the moment — instead of finding out at the end of the month that something has gone wrong.
- Early warning system — deviations become visible before they become a problem.
- Customer experience — those who know in real-time what the customer is doing can also serve them in real-time.
Real-time is not an end in itself, but the lever with which data transforms from a documentation of the past to a tool of the present.
Data is the raw material, AI is the amplifier. What a person recognises in an hour on a table, a well-trained model sees in seconds — and that in a thousand tables simultaneously. But: AI without a clean data foundation is like a sports car without fuel — much noise about nothing. This is exactly where geqoio iDMP comes in: first a data foundation, then AI on top. The support typically addresses three areas:
- Automation — recurring tasks such as classification, data enrichment or anomaly detection run without human intervention.
- Prediction — from patterns of the past, forecasts for the future are made: demand, utilisation, risks.
- Assistance — the employee does not have to dig themselves, but is served suggestions. They still decide — but on a better basis.
This can be measured, for example, by the hit rate of predictions or the proportion of automated processes.
Anyone flying a plane does not look at Excel — they look at the cockpit. All relevant information, clearly presented, in real-time, with a clear hierarchy between "do I need to react now" and "everything is going as planned". A good dashboard is not a pretty collection of charts, but a decision-making tool. It condenses complex data into what really matters. What it must deliver:
- Overview — the most important KPIs at a glance, without a click marathon.
- Depth on demand — from the big picture to the individual data record, if necessary via drill-down.
- Role-specific — the managing director sees different numbers than the warehouse manager. Both see what they need, not what is left over.
A good cockpit is recognised by the fact that it becomes routine — the first glance in the morning, the last in the evening. That is when it delivers its value.