Thursday, 30 April 2015 15:53

IBM, Cortell partner with Australian Museum on analytics deployment

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The Australian Museum has partnered with IBM and Cortell to deploy an IBM analytics solution with the aim of significantly improving the museum’s financial reporting and forecasting.

The museum, located in Sydney – one of the world’s most respected scientific research and educational institutions – is replacing its manual spreadsheet-based reporting and budgeting processes with the IBM Cognos TM1 technology. Cognos will provide a platform for reporting, planning and analytics which will enable information analysis in real time, increasing the speed of delivery and accuracy of budget and forecast analysis across the organisation.

“Cortell Australia, with its customer centric strategy backed by revolutionary digital systems and unparalleled expertise, brings to the Australian Museum outstanding processing solutions to expand our operational excellence throughout the whole institution,” said Paul Ryan, Chief Financial Officer, Australian Museum.

“These enhancements will free up time spent on spreadsheets to be better used in undertaking analysis and support the business.

The museum director and CEO Kim McKay AO said, “As a trusted hub of scientific and natural history information for more than 180 years, it is important that we keep pace with modern day demands and remain at the forefront of Australian science research, collection and education.

“This solution will allow us to streamline our processes and enable our teams to make effective data-driven decisions.”

Cortell Australia director Nick Potts said the IBM technology also addresses the limitations of current reporting, supports the removal of manual processes (exporting and manipulating data), and allows the museum to slice and dice the data across defined dimensions, drill down through relevant hierarchies and provide a graphical analysis of the results.

In addition, the technology will allow the Museum to have greater visibility of the financial impact of its operations, ranging from retail sales peaks to which exhibitions attract the most visitors. Museum employees and management now have access to a single view of data that provides a snapshot of finance and resourcing information across the organisation, which can be accessed on the go via a mobile device.

“We continue to see organisations using insights from financial and operations data to support the day-to-day tactical business decisions being made, providing the basis for strategic organisational growth,” Potts said.

“The Australian Museum is in a unique position to uncover analytics-based insight to make the right decisions to produce the best outcomes for visitors and stakeholders.”

Cortell Australia is an IBM Premier Business Analytics Partner.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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