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It is the lifeblood of their business without which the simplest tasks will become impossible to do.  The potential loss of data can have devastating financial, legal and health implications.  In the case of social and legal governance, the loss of data has had wider implications.  The recent media reports highlighting a computer glitch that caused loss of reports on suspected child abuse cases is one devastating example. 

As we move towards great automation, it’s important to ensure we have the basics right. Secure storing of information is the first step.  Off-site storage and online backups provide a cost-effective safety net to protect data.  The next evolutionary phase is efficient management and maximising profits using Big Data.

Companies have been eagerly gathering data through digital and mobile devices on mass, yet on the whole, the data lays dormant.  

While governments have been using information collected through censuses for centuries to develop policies and services; sophisticated analysis is still evolving. 

 
 

The “Big Data Revolution”, means we have the capacity to link datasets to generate new insights into business performance, environment factors and consumer behaviour.

On a grand scale, global companies are mining information from financial transactions, mobile devices and social media to predict consumer behaviour and developing targeted marketing campaigns accordingly.

Governments have the potential to use the information from analysed data to allocate resources to likely crime hot spots, health, social or environmental risk areas.

Smart organisations view data as an important asset to be protected, certainly but more importantly, a valuable resource to be utilised.

Through analysing Big Data organisations and businesses can improve services, increase profitability and predict human behaviour. Helping companies to make informed decisions through Big Data is indeed the next revolutionary phase of information management.

 
 
 

First all, what is Big Data?  The original phase was coined by industry analyst Doug Laney, to describe methods of analysing large volumes of mega data gathered by enterprises.  He categorised Big Data according to the three Vs: volume, velocity and variety.  Since then Value has been added to the equation. This refers to the commercial value of any new data sources to determine the Return on Investment. 

Data analysis can be applied to improve production management or to predict employee behaviours.  Review of buying habits and personal data can give businesses clear insights into their customers’ like, dislikes and demographics. The long-term return on investment can be measured through better marketing campaigns or improved products.

Ironically, the process does not begin with the data.  It starts with asking the question: what problem do you want to solve? For instance: if you want to grow your market, an analysis of your existing customers will give you insights to develop a typical profile: demographics of individual buyers; or decision-makers modes of contact or interaction, motivating pain points or triggers, profitability and other external factors.

If you don’t have a means to access this information, then look at opportunities to gather it.  For example websites, social media sites, sales statistics, surveys, demographic trends etc. Here are a number of analytical tools you can use:

  1. Google Analytics: Helps monitor traffic to your website; provide insights on visitor behaviour.
  2. IBM's Watson Analytics: A Big Data solution to help unify data, pinpoint sales patterns, automates predictive analytics and enables dashboard and infographic creation.
  3. Canopy Labs: Helps to determine the profitability of each customer and better focus your resources.
  4. Customer relationship management (CRM) tools: Offer insightful information and easy collection. Most are online (or SaaS, meaning software-as-a-service), and help track leads, sales, conversion rates, customer information including histories, complaints and more. Commonly used tools include GetBase, Act, NetSuite, Zoho, BuilderFusion and Salesforce.

These are just a few tools to help analyse Big Data.  Ultimately, the more you know, the more value you can offer to clients and employees, the greater the chances of business success. 

The subject of Big Data is complex; here are a couple of sources for further information.

 
 
 
 
 
 
 

TIMG was engaged to help an International Finance company create a better file management system.  Here’s an overview of the circumstances and how TIMG provided a cost-effective and efficient solution.

Situation:

  • Over 1,000 new finance files generated per month
  • Files were scanned in-house, packed and catalogued in boxed, then shipped to third party multi-national storage company
  •  High daily activity of file retrieval – internal and external

Problem:

  • Considerable time and resources spent in scanning and archiving files
  • Files were misplaced or lost
  • Increased exposure to risk and potential legal implications
  • Retrieval times were slow, causing further delays
  • Additional stress and frustration for staff

TIMG’s Solution:

  • Reliable weekly collection and scanning of files
  • Accurate barcoding and indexing of each file
 
 
  • Easy access to images within two days to client’s EDMS
  • Flexible retrieval and delivery of files as required

Client Benefits:

  • Considerable cost savings – time and resources
  • Improved efficiency through accurate recording and locating of files
  • Fast electronic and physical delivery of records
  • Greater security and compliance

 

Here’s what our client thought of TIMG’s solution…

"I've been in private practice for over 30 years - your service is the best thing I've done."

If you want to achieve cost benefits and efficiencies, click here to learn more about TIMG’s document conversion and digitisation services.

 
 
 

TIMG South Australia has undergone significant growth with the extension of the state-of-the-art warehouse and new recruits to expand e-business services.  The facility now stores archives, data tapes and digital services for thousands of clients increasing its business by almost 70% during the past 12 months.  Great work continues to be done by our Operations team to ensure archives and tapes are stored securely and efficiently retrieved to meet the demands of our clients.

Maurice Hewson, State Manager and one of the founding members of TIMG under the Databank brand, has been instrumental in growing the business.  The Adelaide team successfully attracted new clients from government, resources, financial and legal sectors.

“We were fortunate enough to be included in the Approved Service Product Agreement for the South Australian Government a few years ago and this has been a tremendous benefit.  Our focus is on expanding digital services firstly to our existing clients and then further afield.

 
 

“As TIMG Sales Foundation Manager, I am responsible for developing sales and customer service training programs for the whole group.  Building relationships with clients and delivering exceptional service is core to all TIMG sales programs and built into our KPIs,” said Maurice.

The recent addition of Tim Fawbert and Chris King as Business Development Managers has given South Australia the manpower to really promote our digital expertise.  Tim has global experience in the UK and Northern Europe helping companies manage big data.  He is very pleased to have migrated to Australia and is enjoying exploring Adelaide and the region with his family. Chris has over ten years’ experience servicing local businesses and held a number of account management roles with a worldwide office supply company. 

We welcome them to the TIMG family.

 
 

SA Team

 

Last month we asked TIMG e- News readers to guess how many archive boxes were located on the racks behind David Patterson in our Melbourne warehouse.

If you said, 1707 boxes, you would be right!

Congratulations to our lucky TIMG client from Adelaide on winning a $100 gift voucher from Dabware, with the nearest correct answer. Stayed tuned for another competition and great prizes next month.

 
 
 

The children’s charity Variety held its annual Variety Bash with participates travelling through outback Australia and raising $2.3million in funds.

TIMG proudly donated $7000 to Variety for the second year running.  As part of our sponsorship, the new TIMG logo and character bytes were featured on the “Bash Cop” car .

 At the wheel is Leanne Kluyt, Director of Sunny Oaks Conveyancing, one of TIMG’s clients.  Leanne is part of the “Bash Cop’ crew and raised an amazing $34,000.

Congratulations to all Variety Bash participants for their hard work, and to Variety for helping to improve the quality of life for children.  TIMG is proud to be associated with such a worthy cause.

 
 
 
 
 
 
 

Inforum 2015

Digital Dreams (Not Digital Nightmares)

 
 

inForum will take place on 30 August to 2 September 2015, at the Melbourne Cricket Ground.  Look out for TIMG’s stand, no. 2!  

 
 

Contact your local TIMG office on 1300 764 954 for a complimentary review of your information management systems and to improve your workflow processes.

While every effort has been made by TIMG to ensure that the information contained in the e-news is up to date and accurate, TIMG does not give any guarantees, undertakings or warranties in relation to the accuracy completeness and up to date status of the above information. TIMG will not be liable for any loss or damage suffered by any person arising out of the reliance of any information in this newsletter.