26
November 2013 BIG ANALYTICS THE GOOD & THE VALUE

Big Analytics: Building Lasting Value

Embed Size (px)

DESCRIPTION

From the Predictive Analytics Innovation Summit Video here: https://www.youtube.com/watch?v=PdKUt0zK0UY With the avalanche of data about operations, customers, and products, leading companies are utilizing Big Analytics to better understand historical patterns and predict what may come next to create sustained competitive advantage. Dan Mallinger, who leads Think Big Analytic's data science team, will focus on practical examples of where companies are implementing new analytics approaches over big data. Dan will discuss how these efforts differ from traditional analytic approaches, the organizational and business impact, and how our clients are creating new value in areas such as marketing, services, sales and product development.

Citation preview

Page 1: Big Analytics: Building Lasting Value

November 2013

BIG ANALYTICS THE GOOD & THE VALUE

Page 2: Big Analytics: Building Lasting Value

CONFIDENTIAL | 2

About Think Big Analytics

2

¨  Formed in 2010 to help clients launch and scale-out Big Data solutions

¨  Services include Big Data strategy, training, engineering and data science

¨  Management Background: Quantcast, Cambridge Technology, Oracle, Sun Microsystems, Accenture

¨  Blue chip clients, including:

Ø  Internet Transactions Security Global #1

Ø  Retail 2 of Global Top 5

Ø  Banking 4 of Global Top 1; Financial Services 2 of Global Top 5

Ø  Asset Management Global #1

Ø  Disk Manufacturing Global #1

Ø  Social Networking Global #1

Page 3: Big Analytics: Building Lasting Value

CONFIDENTIAL | 3

Think Big Integrated Value

Advisory Implement

¨  Understand true business needs

¨  Evaluate suitability of new technologies

¨  Provide perspective on market ideas

¨  Ensure engineering and analytics support business goals

¨  Help establish realistic and attainable objectives

¨  Drive client-specific innovation

¨  Understand technology preferences and limitations

¨  Assess talent skills and development needs

¨  Develop deep knowledge of the data and tools

Integrated Value

Page 4: Big Analytics: Building Lasting Value

CONFIDENTIAL | 4

�  New data �  Yielding new opportunities �  Enabled by new approaches �  With supporting organization

Big Analytics

Page 5: Big Analytics: Building Lasting Value

CONFIDENTIAL | 5

New Data

Page 6: Big Analytics: Building Lasting Value

CONFIDENTIAL | 6

�  Unstructured data != text - Call logs - Raw video - Satellite photos

Nontraditional Formats

Page 7: Big Analytics: Building Lasting Value

CONFIDENTIAL | 7

�  Byproduct data �  Driving interest in the Internet

of Things �  Our machines tell a story about

us

Exhaust

Page 8: Big Analytics: Building Lasting Value

CONFIDENTIAL | 8

�  Data usage patterns �  Driving next generation

organizations - Data access patterns as KPI - Systems access as employee

engagement

Data about Data

Page 9: Big Analytics: Building Lasting Value

CONFIDENTIAL | 9

New Opportunity

Page 10: Big Analytics: Building Lasting Value

CONFIDENTIAL | 10

�  Unintentional patterns define us - ATM rhythm - Botnet synchronization

�  More connected world exposes more fingerprints - Mobile installs and settings +

NFC - Sensory data at shopping mall

displays

Fingerprinting

Page 11: Big Analytics: Building Lasting Value

CONFIDENTIAL | 11

�  It’s back from the dead! �  Audit data �  Fund manager predictions �  Employee logs �  Architectural records

Dark Data Insights

Page 12: Big Analytics: Building Lasting Value

CONFIDENTIAL | 12

New Approaches

Page 13: Big Analytics: Building Lasting Value

CONFIDENTIAL | 13

�  Non-traditional structures - Path models - High dimensionality

�  Text - POS - Classification

�  Images - Object recognition - Time differentials

Unstructured Analysis

Page 14: Big Analytics: Building Lasting Value

CONFIDENTIAL | 14

�  MapReduce built for - Bootstrapped models - Partitioning data by complex

logic �  Backpropagation is hard �  Feature learning isn’t (always)

Deep Learning

Page 15: Big Analytics: Building Lasting Value

CONFIDENTIAL | 15

Challenges Incorporating Data Science

Page 16: Big Analytics: Building Lasting Value

CONFIDENTIAL | 16

�  Traditionally under engineering �  Integrated with data creators,

not data consumers �  Disconnected from business

priorities

Organizational Integration

Page 17: Big Analytics: Building Lasting Value

CONFIDENTIAL | 17

�  We take BI for granted - Analysts find novel patterns - Business sees new trends - Statistics is balanced by

domain knowledge - Integration of actors aware of

feasibility, cost, and impact �  Where does your data scientist

sit?

Success Loops

Page 18: Big Analytics: Building Lasting Value

CONFIDENTIAL | 18

Successful Incorporation of Data Science

Page 19: Big Analytics: Building Lasting Value

CONFIDENTIAL | 19

�  Business is a partner, not a customer

�  New insights, capabilities, and products are not born in a vacuum

Partnership

Page 20: Big Analytics: Building Lasting Value

CONFIDENTIAL | 20

�  Data science is a process, not a job role - Engineering - Research - Statistics - Business - Salesmanship

�  Successful Big Analytics blends skills, perspectives, and pushes boundaries

Cross Functional Teams

Page 21: Big Analytics: Building Lasting Value

CONFIDENTIAL | 21

�  Requires KPI/KRI �  Performance metrics

- Direct actions - Create purpose

Measurement

Page 22: Big Analytics: Building Lasting Value

CONFIDENTIAL | 22

Client Success

Page 23: Big Analytics: Building Lasting Value

CONFIDENTIAL | 23

�  First phase: Big Analytics execution

�  New methods of Botnet detection

�  Led to patent

Example Client Phase 1

Page 24: Big Analytics: Building Lasting Value

CONFIDENTIAL | 24

�  Further analysis - Improvement of Botnet models

�  Expansion of cross functional Big Analytic team - Tool selection - Training - Early win identification - Self-selected group

Example Client Phase 2

Page 25: Big Analytics: Building Lasting Value

CONFIDENTIAL | 25

�  Cross-Functional Analytic Organization

�  Governance �  Ownership and accountability �  Process �  Roadmap

Example Client Phase 3

Page 26: Big Analytics: Building Lasting Value

CONFIDENTIAL | 26

Questions? www.thinkbiganalytics.com www.linkedin.com/in/danmallinger @danmallinger