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RedPixie were sponsored by Telereal Trillium, a Large Commercial Real Estate, to re-develop part of their forecasting system so that it could leverage modern cloud-based technologies.
By Mike Hinton, CIO
RedPixie recently completed a technically complex and exciting engagement for Telereal Trillium centred on making improvements to key components of the firms forecasting engine.
The forecasting engine is used to forecast multi-year budgets based on numerous complex business scenarios. The forecasting models were built on legacy technologies and, as a result, the business process had become inefficient at executing long-term forecasts.
We worked with the Telereal Trillium to build an alternate solution using Microsoft Azure and modern statistical computing languages.
The cloud solution allowed them to consume more cloud computing power “on demand” and accelerate the budget modelling process.
Our data & analytics team worked closely with the Telereal Trillium’s modelling team to understand their forecasting and budget process intimately. It was clear that the process needed to be executed quickly to streamline the budget process.
It was also evident that the process would benefit from the execution of modern technologies that were not hampered by legacy technology platforms.
We are now working with Telereal Trillium to migrate the entire forecasting engine platform to Microsoft Azure so that it can leverage more capability and improvements across the entire data warehouse.
Telereal Trillium is particularly interested in machine learning and identifying how this and the Internet of Things might change their business operating model from unplanned maintenance to planned. We will be undertaking a POC with them in this space.