Mining your data:Extracting insights and value
London School of Mines
6 June 2019
PwC
Presenters
Mining your data: extracting new insights into your business June 2019
2
Jacqueline Chow
Natural Resource Valuations
Leader
Jacqueline leads our natural
resource valuations covering
metals & mining and oil & gas.
She has performed numerous
valuations of assets
(exploration/development and
operational) located in various
geographies (Ukraine, Russia,
Kazakhstan, Brazil, Mozambique,
Mexico) and various commodities
(base metals, lithium, gold,
diamond, heavy minerals etc.)
Stephen Herd
Capital Project Services
Advisory
Stephen is an Chartered
Engineer who is experienced in
the engineering and construction
of capital projects. He specialises
in using data analytics to improve
the delivery of large complex
projects, by providing people at
all levels within an organisation
with the information they need to
make informed and evidence-
based decisions.
PwC
1. Introduction
2. Complex project analytics
3. Case study 1
4. Case study 2
5. Q&A
Agenda
3
June 2019Mining your data: extracting new insights into your business
Introduction:Data as an asset
PwC
Mining your data
Mining your data: extracting new insights into your business June 2019
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Exploration Develop Extract Process Product
AnalysePlan &
StructureFind Insights
Extract
Transform
Load
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PwC
• Minimise the regulatory
burden of ESG reporting
• Understand the ESG
implications of business
decisions from a
valuations & regulatory
perspective
• Provides the backbone to
a digital transformation
strategy
• Target investment in
areas of the organisation
which will benefit most
from digitalisation
• Understand the impact of
commodity prices on the
day to day operations of
the business
• Model the performance
of portfolio against
market scenarios
• Capture knowledge and
bridge experience gap
• Provide context and
trends to help individuals
make more informed
decisions
• Track and maximise the
outcomes of CSR
activities
Data can help address industry challenges
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Environment, Social and
Governance
Digital transformation Managing the commodity
cycles and price volatility
Workforce and society
impact
Complex Project Analytics:Art of the possible
PwC
Complex Project Analytics is about combining industry experience and the creative application of advanced analytics to help clients gain control and confidence through deriving new insights from their disconnected and disparate data…
June 2019Mining your data: extracting new insights into your business
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PwC
Complex Project Analytics in the Project Controls environment
Mining your data: extracting new insights into your business June 2019
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Schedule
data
Cost
data
Risk
Management
Change control
mapping
TQ, RFI,
document
registersHealth and
safety data
Communication
logs
Resource
deployment
Supply chain
invoicing
Common data
environment logs
Data Analytics
EnvironmentComplex Project
Analytics
Industry needs
and challenges
PwC
Pro
ject
Da
ta
Pro
ject
Da
ta
Ow
ners
Co
ntr
acti
ng
En
tity
Co
ntr
acti
ng
En
tity
Co
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En
tity
Ow
ners
Co
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En
tity
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Ow
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En
tity
Who benefits from analytics?
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Data Analytics
Data Analytics
Schedule
Cost
Risk
Design
Registers
Comment,
approvals
Technical
queries
Progress
metrics
Material
orders
Resource
deployment
Contract
change
IT config
Office
utilisation
Data
sheets
Staff data
Timesheets
High level
summary
Access to
full dataset
PwC
Predictive AnalyticsAchieving predictive insights
Mining your data: extracting new insights into your business June 2019
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Fixed reporting
One-off messages
No historic insights
Limited trending
Reliance on manual inputs
(text narrative)
Limited ability to challenge
Data analysis and
visualisation
Alignment of data sources
Ability to connect data
sources (linked impacts)
Greater insights from
common project data
Machine Learning
and Predictive
Analytics
Analytics is interwoven
between data sources
Intelligent links between data
sources
Live data patterns analysed
on an ongoing basis
Project delivery and schedule
impacts recognised
Early warnings flagged
Enhanced reporting
Scenario planning
Algorithms test likely
outcomes
Com
ple
xity
Com
ple
xity
Com
ple
xity
Schedule Cost Risk
Design
Registers
Comment,
approvals
Technical
queriesProgress
metrics
Material
orders
Resource
deploymentTimesheets
Case study 1New meaning to old data
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Overview: Making data accessible
Mining your data: extracting new insights into your business June 2019
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~800live projects
managing
$billionsin spend
Worldwide~40 countries across 5 continents
304columns (KR)
240,000data points
PwC
Enable self service analytics
Mining your data: extracting new insights into your business June 2019
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Ability to drill down and identify outliers within a portfolio
Mining your data: extracting new insights into your business June 2019
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Case study 2Using data across the project
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Data sources across the project
Mining your data: extracting new insights into your business June 2019
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Site
deliveries TurnstileCrane
Data
Hoist Lift
Planning
ScheduleDocument
control
NCR
Sub-
Con.Mgmt
Accounts
Project
Cost
Reports
App. for
Payment
Site logistics
Cost ManagementProject Controls Engineering Design
CAD
federated
model
Make
Ready
Needs
Client
changeEmailsCAD clash
reports
Wider business
Risk
Register
Resources
(Hoist)Task Mgt
Workflows
Site
diaries
Planned
ResourcesHandover
Resource Management Task close out
Data sources from across the business
and…combining data from cuts in time to understand early warnings
Identifying the value in existing data
databases and Excel files
PwC
Project Level AnalysisSchedule analysis
Mining your data: extracting new insights into your business June 2019
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Improved visibility of delivery challenges
Identification and evidence of delay patterns
Improved insight into project delivery
PwC
Project Level AnalysisMulti-source analysis
Mining your data: extracting new insights into your business June 2019
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Material orders and schedule delay impacts
Resource profile, costs and effectiveness
Contractual change, governance and schedule impacts
Delivery trends and deviations
Schedule volumetric comparisons
5 questions to ask yourselves:
1. Are you using treating your data as an asset?
2. What questions do you want to answer on your projects?
3. What data do you have access to and what more could you be
doing with it?
4. What additional data do you need to answer those questions?
5. Can you embrace an analytical and creative mindset to think
about data differently, to bring further benefit to your
organisation?
pwc.co.uk
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Q&A