The currency of the future is not what one might think: It is not the cash, land, metals, or even cryptocurrency—it is data. As an essential corporate asset, data continues to gain value and power AI and digital transformations in businesses. Moreover, a commonly professed objective for many firms over the past decade involves becoming “data-driven” in this era of relentless change. While these firms aspire to generate increased revenue from their digital portfolio, they need to integrate data not just across their organisations but also the present-day wider ecosystem where vendors are becoming partners, and customers are turning into co-creators. Evidently, they need to find new and novel ways to leverage these data assets.
This is where 2S Consulting is in a class by itself. A specialist consulting firm, 2S Consulting specialises in data-led transformations that create significant and tangible value impact using data and technology. 2S Consulting acts as a catalyst that helps enterprises to embark on their digital journey by planning the right portfolio for them, bringing in the right organisational and operational elements to levitate that portfolio, and supporting the same with the right set of technology tools. As a long-term partner in creating value from operations, organisation and technology initiatives, 2S Consulting ensures that it assists the clients throughout the entire journey—from ideas to implementation to impact. “We are entering an era where data has an inert tangible value; evidently, the success of these transformations depends on how best you can manage your data assets and define the value you can create over a period of time,” says Rajeev Surana, co-founder and managing partner, 2S Consulting.
As someone who has over 18 years of expertise in helping companies across the globe make data a strategic asset, Surana believes that it is imperative to understand the strategic magnitude of what 2S Consulting refers to as “from data to dollar journey” and get it right the first time. He continues to explain that the leadership in organisations with a myopic ‘data vision’ often loses focus on the long-term digital impact and “have a much lesser tolerance for the misses and delays.” As a result, to glean something meaningful value out of the data, leaders must create a tangible roadmap for impact and then move in the right direction.
The conception of 2S Consulting traces almost two decades back when enterprises were embracing business intelligence to transform quickly. However, owing to two non-converging approaches, the success rates for these programs were limited. First off, they lacked a more strategic approach to data, which outlines how they want to leverage data. Secondly, the missing convergence between the strategy consultants and the systems integrators lead to several disconnects in digital transformation programs. Since its inception in 2003, 2S Consulting has had a distinctive 100 percent successful track record of powering and getting BI initiatives a decade back and now big data and AI/ML-driven transformations right in the first time.
“We see ourselves as a specialist partner for organisations to collaborate on their ‘data to dollar’ journey. We are driven by a passion for creating a tangible impact with data and technology; our track record is a testimony to the value we create at the end of the day,” adds Surana.
We see ourselves as a specialist partner for organisations to collaborate on their ‘data to dollar’ journey
From recommendations to results, 2S Consulting primarily caters to healthcare and life sciences industries, equipping them with consultation services to eliminate the complex burden of legacy infrastructure and create new digital services. The company has devised a proprietary data platform—HCare360 Analytics—that helps mitigate the healthcare industry challenges and creates opportunities for improving quality, enhancing efficiencies and reducing cost. The GDPR-compliant, cloud-based platform allows users to architect business solutions more simplistically, without being weighed down by the burden of rigid, complex and costlier legacy architectures. At the core, HCare360 Analytics enhances managerial decision support capabilities through out-of-the-box content and intuitive discovery and exploration of the client’s data. While the main modules of platform focus on building key capabilities around financial health, operational and administrative efficiencies, it also helps users with performance management, financial analytics, operational analytics, and strategy and planning.
For a leading medical device manufacturer looking to provide the equipment to the hospitals along with its expertise on how they can optimise the resource utilisation and make their labs more productive and efficient, they need the right digital capabilities that would allow them to look at the performance of their clients and create an improvement plan. While typically these programs take 18 to 36 months for implementation, large organisations fail to keep up with the pace of change required. This is where 2S Consulting fits in to provide the client with a more responsive approach to building digital portfolios. The company ensures that the healthcare firms can have their highly-scalable digital business up and running in just six to ten weeks, covering all testing, prototyping, and refining processes in the same period and creating a tangible MVP of a digital product.
2S Consulting’s ability to engage clients and win their trust is, in many ways, tied into its technological and subject matter expertise. The uniqueness of 2S Consulting stems from the in-depth understanding of digital and data, as well as, the client industries and their processes it brings to the table. Well-versed with the data and its implications, the team of experts at 2S Consulting leverages this unique blend of data and business skills to look at the right problems to be solved. Such a unique approach to problem-solving facilitates the creation of long-term relationships between 2S Consulting and its customers.
In a recent engagement, 2S Consulting assisted a client from the healthcare industry in organising their operational datasets and improving their overall performance. By leveraging in-house portfolio tools powered by machine learning algorithms, 2S Consulting educated the client about the efficiencies of operating rooms, which helped the healthcare company improve their scheduling, tackle utilisation issues and focus on specific areas such as maintaining the entire balance of procedures across different operating rooms. The tool made it easy for the users to build robust data quality checks and balances, thereby facilitating the whole process and reducing the time for conducting the efficiency study for the hospital.
Scripting similar success stories, 2S Consulting has established its footprint in North America and India, and is currently focused on building a leadership position in big data and analytics across the European healthcare and lifesciences markets. The company has presence in Switzerland and Finland since 2016, and is looking forward to expanding in the Netherlands and the UK. “Our certification in analytics has positively benefited our clients across the chemical and retail industry as well; as a team, we are ready to get our hands dirty with our clients from the start to the finish of a project and create a significant digital impact in the long-term,” concludes Surana.