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titleIs my data confidential? How?

YES. The customer’s data is anonymized by Pricefx via double-blinding. Double-blinding is an automated process that removes customer identifiers to ensure that it is impossible to trace individual customer data eve if someone had access to the complete benchmarking database. Through the double-blinding process, no-one outside Pricefx has visibility to unique customer identifiers.

Read more about how we do this in PricefxPlasmahere.

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titleIs my competition able to see my own performance or any other data?

NO. Industry benchmarks are always compiled from aggregated metrics with a minimum of five anonymized entities. Thus, no competitor can extrapolate on your own performance and thanks to the double-blinding process there is no way for a competitor to see your data. In addition, the benchmarks are made available with a 3 month delay: fast enough to allow for relevant analysis but sufficiently disconnected from the current market status, thus ensuring maximum data anonymity.

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titleHow many man days does it take to set up Plasma?

n In short, approximately one hour.

Plasma works with the data you already have uploaded in Pricefx to use with other capabilities. This means that if your data’s quality is high, the comparison and analysis will be relevant. If however your data is incomplete, some of the dashboards may not be as much to the point or may not even display. For instance if you do not have any quotes in your application, then the Profit dashboard will not display.

It terms of how long it takes to set up Plasma, it means zero man-days because the data already exists your datamart. All you have to do is spend up to an hour with a CE (configuration engineer) who will take a look at your datamarts, and have a clear understanding of your data and then map it. We need to do this because of how each customer identifies their KPIs. So this hour is need to clarify taxonomy and make sure it matches the one used in Plasma. Once this is done, all we need is a confirmation that everything looks good. After that, Plasma runs on its own.

It is advisable to review data every quarter to make sure that everything is up to date. This can be done by anyone in the organisation.