"Creating green field opportunities for customer analytics through on-line experience" - a...

Post on 14-May-2015

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In this talk, I present some new ideas on how the analytical field is being transformed by the development and maturity of social media and the Internet.

Transcript of "Creating green field opportunities for customer analytics through on-line experience" - a...

Creating green-field opportunities for customer analytics through

on-line experience

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

The internet is changing at an ever-increasing pace

M1Massive

processing

M1Massive

processing

The 3 emerging engines of change in today’s online world

M2Massive

communications

M2Massive

communications

M3Massed

minds

M3Massed

minds

Massive power + Massive power + storage = more data storage = more data than ever before than ever before

Massive communication power has createdan explosion of social networks

Whilst massed minds have enabled

scalable pattern recognition

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

The five stages of a customer analytics project

1. CONCEPTUAL

2. PROBLEM STRUCTURING 3. DATA

PREPARATION & EXPLORATION

5. RECOMMENDATIONS & DEPLOYMENT

4. ANALYSIS & MODELING

Analysts can now tap into new streams of data for analysis…

…and leverage distributed networks for crowdsourcing analytics

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Today’s agenda

Opportunity # 1 : Predicting movies box-office revenue with Search data

A simple yet powerful model predicts revenue with accuracy…

… and performs well even after introducing a time-lag

Opportunity # 2: Leveraging the crowd

a

Case study : Predicting book sales in the first 15 weeks of release

Case study: Predicting uptake of new products in financial services