LCM Data Group: Visualizing Enterprise Lifecycle Asset Management Risk (ELAM)

Today’s organizations live and die by their digital data, and in order to transform the way they operate, they are becoming more inclined toward data-driven practices. The collection and presentation of data no longer means just putting records into bar graphs and tables, but it has become a new paradigm of highly-engaging and interactive designs which are far more convincing and compelling; this is in due part to the enormous volume of data that gave rise to the trend of deriving meaningful insights from enterprise data through analytics. Companies are competing with each other to accumulate unique data assets before their rivals outmaneuver and trounce them. Enter LCM Data Group (LCM DG), a company that provides enterprise IT teams with accurate ELAM data and visualization models to plan budgets and handle risk management effectively. “We create visual models of asset risk by taking data problems and creating pictures so that our customers can understand and internalize their entire process,” asserts Andy Raczka, the VP of sales, LCM Data Group.

The company empowers executive teams of businesses with access to structured data and well-designed ELAM visualization models so that they can make better decisions to control their overall risks and budgets. Certain IT asset risk strategies have an annual budget risk reduction process which incorporates past expenditures and current customer financial strategies to address ELAM risk. For such scenarios, LCM DG the company offers visualization models to identify the risk peaks which ensure the accuracy of financial reports. At the same time, customer resource plans are made to align with future peak and specific lifecycle risks. The graphically represented information is presented on a customized dashboard to their customers so that they can make meaningful and effective decisions.

Raczka also mentions that most CIOs use ELAM information with more accuracy, higher frequency and in a visual format where risk is easily understood, and decisions can be made in support of company strategies. LCM DG facilitates this entire cycle by providing reports, technologies, and services, while the ELAM visualization models allow enterprises to understand risk without worrying about the data analytics complexities.