Grant: Applied Research and Development Grants - Level 1

Mircom is a Canadian company that operates as a global player in the building solutions sector and is the largest independent fire alarm system manufacturer in North America. Mircom large repository of transactional data originates from its in-house ERP system. This data has been key for the pricing of Mircom products and projects. However, current data analysis involves ad hoc extraction of data and custom creation of spreadsheets, causing inefficiencies in the pricing and forecasting of new and existing products. Mircom will collaborate with Seneca's School of Software Design and Data Science to create new knowledge systems and tools that can be scaled to manufacturing and supply chain operations. Moreover, outcomes of the project will include system design and documentation of the data architecture, and machine learning tools to support advanced analytics and forecasting using data collected internally and externally. The results of this project will boost the competitiveness of Mircom in global markets by using data effectively to improve operating margins. By implementing the tools developed, Mircom anticipates average pricing reductions of 5%, which ultimately enables a competitive edge in the important US and Canadian markets.