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atm-performance-analytics

Background

As the use of automated teller machines (ATMs) continues to grow worldwide, providing reliable and available services becomes a top priority for banks and managed services providers. To achieve this goal, ATM operators require advanced analytics tools that can help them predict potential issues before they become disruptive and take proactive measures to prevent downtime and improve customer satisfaction. 

One of the leading managed services providers of outsourced ATM services in Asia recognized this need and wanted to take action. They wanted to leverage the power of Big Data analytics to collect and analyze ATM log data across their network, using advanced models to identify patterns and predict potential failures. 

Challenges

To ingest and analyze large volumes of unstructured data from a variety of sources, including multiple banks and original equipment manufacturers (OEMs).  

Approach

  • Processing the data through a Big Data platform, which allowed for real-time analysis and reporting of key performance indicators (KPIs) such as ATM uptime, transaction success rates, and customer usage patterns. 
  • Applying a range of advanced analytical models, including machine learning algorithms, predictive analytics, and statistical analysis techniques. These models were trained on historical data and used to predict potential issues, identify root causes of problems, and recommend proactive maintenance actions. 

Value and benefits

  • Reduced downtime and increased customer satisfaction, by analyzing ATM data across the entire network resulting in a significant boost in revenue. 
  • Able to identify key performance drivers that allowed them to optimize their service offerings and improve the overall performance of their ATM network. 

Monitored systems/Data sources

ATM activity logs include data fields such as ATM ID, Event ID, Date, Time, Status Code, Description, among others. Also reference data such as ATM location mapping, Status Code Severity. 

Users team

Overall, the use of advanced analytics tools to monitor and optimize ATM performance has become an essential part of the managed services provider's operations. By leveraging Big Data and sophisticated models, they were able to improve the availability and reliability of their services, ultimately benefiting both their customers and their bottom line. As the use of ATMs continues to grow, it is clear that analytics-driven approaches like this one will become increasingly important for organizations looking to stay competitive in the financial services industry. 

 

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