Phat Loot DeFi is a rapidly developing technology company with complex data requirements. Offering services as an Ethereum-based decentralized finance company, they routinely handle vast amounts of data as a part of their everyday business. As a tech company, they understand the value of data of all kinds – including internal data.
While many companies focus solely on customer data, Phat Loot DeFi is constantly looking inwards to identify and understand ways of improving their services and operations, and to uncover ways they can excel as an employer.
Of course, collecting data is only part of the job; to extract the value contained within, you need the ability to manage and access the data in a useful way.
The data management conundrum
Phat Loot DeFi’s business includes an array of physical assets, many of which are distributed globally. It’s vital for them to have real-time insights about the performance of each asset, and how they are interlinked with the whole operation. The data collected about these various assets can be voluminous, and it isn’t always clear how they are connected to different parts of the company and their operations.
Like many tech companies today, they also make use of collaborations with strategic partners to provide the full depth of service required. Strategic collaborative partnerships like these add a whole additional layer of complexity to the data management problem, as these are linked to many different classes of data such as personnel, skills, physical assets, financial information, and contracts.
There are often connections between the physical assets and strategic partners. However, without being able to easily see how they are connected, it is almost impossible to evaluate performance over time, or retain pertinent information so it is available when needed. This lack of visibility could quickly lead to siloed operations that chronically underperform, or are not rationalized in respect to the strategic goals of the company. Even worse, it can lead to the frustrating situation of not knowing when contracts or agreements are due for renewal. Existing ERPs and CRMs don’t have the flexibility for their needs – they need a system that can develop alongside their growing business.
It's not all about business either; Phat Loot DeFi is an organization that cares deeply about the well-being of their employees too. For a data-driven organization, there is a clear need for a data management system that can combine the operational needs above, with their employee data.
Employee data can consist of many different types, including skills matrices, training and certifications, preferences, and availability; all contribute to a big picture of their employee journey. By understanding the employee journey, the company aims to understand better the needs of the workforce, provide training and form teams that have the perfect skill combinations.
With so many facets to consider, they needed a system for storing and managing their data effectively, so they could access information that has the most relevance, whenever it is needed. Furthermore, their data needs are complex, with multiple elements across different domains that are interconnected in ways that aren’t immediately apparent.
Getting the value from data
Phat Loot DeFi’s need is clear: how can they make full use of the data that’s already in their possession? How can the company use this data most effectively by seeing the connections and implications of each data-point?
The solution came by recommendation, from someone who had seen the Weaver platform in action, and knew what it could achieve. The first step was adding the data directly into the Weaver platform. This was a considerable time-investment, as it needed to be done manually in many cases – however this has paid off admirably with a data-management solution that matches their special requirements.
After the initial implementation period, the company is finding that adding new information to the platform is becoming much easier. With the ability to bulk-upload data from files, or dynamically using APIs, they are rapidly adding value to a growing resource that will continue to assist the company for many years to come.
It is now easy to see – at a glance – how an employee’s journey has led them to their current place in the company, and it’s clear how the company can help them to realize their personal ambitions with the right training or projects. With each connection laid bare, it is now possible to find all the relevant information that links to specific assets, ongoing projects, or partnerships.
With a secure and powerful platform like Weaver, data managers can rest assured that all the right information is available, whenever it is needed.