Objectives

2.1 BMT’s Strategy and Vision

BMT aims to be a global leader in addressing the most significant engineering challenges of our time. Our vision is to excel in ship design and become a credible digital competitor by transforming asset life cycle and environmental services. We strive to be recognised for our collaborative approach, investing in our future and the futures of others through our work in communities, education, and the environment.

Our business ambition is straightforward: within five years, we aim to generate annual revenues of £500M across three global regions of roughly equal size. This growth will be achieved through both organic and inorganic means, ensuring that we meet our customers’ demands and exceed their expectations.

2.2 Changing Landscape

BMT’s internal landscape continues to simplify and cohere around a smaller set of Enterprise Applications.  As we remove novel and custom-built applications, we continue to take advantage of product and commodity applications.  The increased use of mature products and services is enabling BMT to cohere our Business Processes to increasingly ‘best practice’ approaches.

Data-driven insights of transactional, process, aggregated and summarised data is increasingly used within the business.  The evolution of data warehousing, engineering, data science and AI/ML services to being on-demand cloud services has transformed how we provide data to the business.  On demand or self-service business reports in applications like IFS Cloud or via Power BI Reporting service all require data integration.  The commoditisation of cloud-based data services is enabling more widespread use of Business Reporting and will enable AI to support future predictions and analysis.  Ensuring our approach to integration is cost effective whilst our demand for data-driven services is a priority.  We must also consider how future changes in data usage such as providing more strategy insights or through M&As will be enabled by our integrations.

User expectations and simplicity of use has shifted and users now expect immediate access to data that is accurate and easy to use.  With access to multiple sources and visualisation of the same data users expect clarity and consistency.

2.3 Reporting Goals

Considering the overall business objectives and goals we have identified the following the Reporting Goals:

1. Ownership and Governance
   1. Data Ownership: Clarify who owns the data and reporting for different use cases particularly where the use of the data or ownership crosses several functions.
   1. Data Governance: Improve the quality and trust in our data and reports through the introduction of a Data Governance programme balancing risks and enabling the business to exploit the data.
2. Simplification
   1. Rationalise Business Reporting: reduce the number of reports required to satisfy the key business needs.
   1. Appropriate Delivery Methods: reduce the duplication of reports between in-system
   1. Regional Reporting: Business Reports will be developed to support Global and Regional businesses avoiding the need to develop separate regional reports.
3. Security and Access:
   1. Transparency: a catalogue of Business Reports will be available for all users to understand what is available, where and who has access to each report.
   1. Control of Sensitive Data: nationally protected, personal data and commercially sensitive information will be protected through our security and access controls of the data and to the final reports.
   1. Self-Service Employee Data: Make available to line managers and People Team professionals employee data ensuring that data protection and privacy is considered and rigorously maintained.
   1. Understanding our Skills: Making use of employee’s skills and aspirations to enable us to align our employees with the future demand whilst providing engaging careers.

2.4 Reporting Objectives and Solutions

To achieve the Reporting Goals, we have created a Data & Analytics capability and established enterprise-wide Data Governance.  The introduction on single IFS Cloud instance to be the single source of truth for all global management information enables us to simplify and streamline our Business Intelligence.

The following Reporting Objectives are being progressed in FY25 and FY26.

1. Launch of the Business Reporting Hub – completed in Dec 2024 the Business Reporting Hub provides a single touch point for employees and managers seeking access to global and regional business reports.
2. Prepare for IFS Cloud – throughout FY25 we will create a data pipeline for the new IFS Cloud system as part of the broader G-MIS programme.  This will include learning lessons from the IFS Apps 10 deployment in the UK whilst also supporting the G-MIS team with the introduction of IFS Reports and Lobbies to provide a holistic reporting framework.
3. Successful Launch of IFS Cloud – starting in the FY26 the roll out of IFS Cloud to all regions we be supported with improved Business Reporting, IFS reports and IFS lobbies to support users fully realise the benefits of G-MIS.
4. Extension of Enterprise Applications and Business Reporting – as new Enterprise Applications are launched; we will ensure that any relevant data is available to extend and scale the use of Business Reporting across BMT.