Firms at present are trying to find modern options in an ever-evolving work atmosphere. COVID-19 has satisfied companies of their must search for versatile approaches to those environments. The Ukrainian Warfare, within the heart of Europe, might be seen as one other “tectonic shift” in the direction of the instability of the world’s established order, and has undeniably had a noticeable influence on enterprise.
The army battle in Ukraine has opened its companies to the world, particularly its IT trade. World-famous startups, corresponding to DepositPhotos, Terrasoft (Creatio), Preply, Grammarly, Petcube, MacPaw, Individuals.AI, RefaceAI, Coursmos, YouScan, have been created by Ukrainians inside this unstable market atmosphere. In opposition to the backdrop of world instability, this type of expertise is of nice curiosity to firms within the USA and Canada, whereby exceptional outcomes have turn out to be potential due to modern IT professionals and entrepreneurs.
About Dmytro Chashnyk, CEO at Cobit Options, Enterprise Intelligence & Information Consulting Firm
Dmytro Chashnyk, an skilled innovator and a founding father of Cobit Options (the corporate working in Energy BI implementation sphere and data-driven determination consulting), is an individual who left a C-level place to begin a enterprise in information. Earlier than Russia’s invasion of the Ukraine, his enterprise intelligence consulting firm turned #1 in Energy BI consulting throughout Ukraine and had secured its first worldwide purchasers. The mission of Dmytro and his workforce was to develop the nation’s economic system by implementing the idea of data-driven choices in native firms. It was not with out its challenges nonetheless, as not all CEOs are receptive to altering the reporting system within the firm. Regardless of their reservations, their fears have been allayed after seeing dashboards for enterprise, and so they’ve usually signed extra contracts for a good deeper immersion in analytics. One may discover extra about fashionable Enterprise Intelligence improvement method at https://cobit-solutions.com/en/
In keeping with Dmytro, it is very important discuss with CEOs and financiers about crucial factor to them, revenue, margins and improvement of the corporate; a standard situation for innovators, who have a tendency to talk in technical phrases. To beat this, Dmytro obtained a further finance diploma and studied fashionable administration methods. The mix of technical acumen and an modern monetary method has turn out to be the elemental issue for the success of Dmytro and his Energy BI consulting firm within the Ukrainian market. That is fairly clearly proven by their checklist of purchasers – quite a few high firms from 22 various kinds of trade within the economic system.
Considered one of Dmytro’s well-known improvements in BI and enterprise dashboard improvement was a technological method for totally exploring ERP information inside BI. The benefit of this methodology is that purchasers get full entry to all the information of their ERP system from the BI system. This expertise answer doesn’t require complicated and lengthy ERP modifications, interim export to DWH, or costly and time consuming improvement of sophisticated ETL processes.
The innovation works with any quantity of knowledge and supplies complete ERP information analytics for future reporting. The method supplies massive firms with the flexibleness and velocity of a BI system begin . In different phrases, it provides computerized reporting, fast decision-making, in addition to alternatives for enterprise improvement.
Dmytro had an fascinating case in his enterprise intelligence consulting firm whereas working with the biggest electronics retailer in Uzbekistan. Each three months, 20 workers of the holding would put together a report for high administration which normally took them three weeks. After introducing the automated monetary consolidation of 14 ERP programs within the holding, report technology now takes quarter-hour and is completed routinely. It implies that day-after-day, administration & executives are capable of see all of the consolidated information in enterprise dashboards on Revenue & Loss, Gross sales margins, Working capital, and Money stream. They will make administration choices based mostly on this information with out having to attend three months for a report.
Dmytro says that the contract with the Uzbekistan retailer turned actually vital because it was signed after the army invasion and the next fall of the Ukrainian market. It helped to avoid wasting the workforce and many roles, and means the corporate is ready to proceed paying taxes to the Ukrainian finances.
Overcoming challenges in BI implementation
Dmytro and his enterprise intelligence consulting firm workforce took 4 months to implement the venture with Uzbekistan holding. An analogous venture would take US and Canadian firms 10-12 months at the price of 15-20 instances extra. Dmytro is at the moment engaged on the same answer for ERP programs broadly utilized in North America: JDE, EPM, EBS, SAGE, SAP, IFS, Infor and others. He’s assured that this can revolutionize the marketplace for DWH and ETL options improvement providers.
One of many insights of the US and Canadian market is that data-driven choices and improvement of dashboards may deliver many managerial improvements to firms within the USA and Canada. Many of those options and improvements that enhance enterprise and, consequently, the nation’s economic system have efficiently confirmed themselves in Ukraine’s extra dynamic and sophisticated market.
Dmytro notes that regardless of totally different continents and mentalities, the reporting and information challenges confronted by companies and firms in North America are the identical as in Ukraine. In Ukraine, enterprise intelligence consulting firms have realized to unravel reporting and information challenges promptly and effectively with a lot smaller budgets. Dmytro plans to deliver his improvements to the businesses in North America he plans to work with – his being one of many methods for his enterprise improvement sooner or later.
A visionary innovator for Enterprise Intelligence & Analytics Improvement
Dmytro Chashnyk has been passionate in regards to the energy of knowledge and new applied sciences for over a decade. Due to his modern approaches, he shortly climbed the profession ladder from an IT specialist to the place of CIO at StarLightMedia, the biggest media holding firm, the place he managed 80 IT-engineers in 11 groups.
Dmytro was one of many first to discover the Ukrainian broadcasting market to design technical structure and implement a Netflix-style VoD video platform. His key technical determination within the venture was in making use of an modern mixture of open-source options for a high-load platform. It was a TV trade breakthrough at the moment, offering as many as 2 million video views per day.
Dmytro lives for innovation, not solely does he create his personal developments but additionally follows every part that’s occurring on the earth as regards to innovation. For instance, in 2016, Dmytro noticed that Bitcoin was changing into a brand new pattern within the expertise market, an modern software for making cross-border funds to beat cost restrictions, and an enormous new economic system. He was one of many first in Ukraine who believed within the thought and invested in bitcoin mining. Nevertheless, he bought all of the cryptocurrencies when the crypto market modified from being modern to being extra speculative in its method.
The next yr, Dmytro foresaw a pattern for the event of Energy BI consulting and the idea of data-driven choices. Due to this fact, a yr later, he left the C-level place of the media holding and opened his personal enterprise intelligence consulting firm. He now faces new challenges. He believes in administration choices predicated on deep information evaluation and his expertise within the sphere may very well be very helpful and rewarding for firms within the USA and Canada. It is rather seemingly that solely companies with robust modern approaches will survive and develop sooner or later.