Big Data Monetisation : Selected Success Stories · Big Data Opportunity Unlocks Significant Value...
Transcript of Big Data Monetisation : Selected Success Stories · Big Data Opportunity Unlocks Significant Value...
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 1
Big Data Monetisation : Selected Success Stories Dr. David Millán - Director Big Data for Comms & Media, EMEA Data Capital Event, Madrid, November 24th
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 2 Copyright © 2015, Oracle and/or its affiliates. All rights reserved. |
of market value of S&P 500 companies comes from intangible assets
84%
Source: http://www.oceantomo.com/blog/2015/03-05-ocean-tomo-2015-intangible-asset-market-value/
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 3
REDUCE OVERALL COST
OF DATA CAPITAL
INCREASE RETURN ON INVESTED DATA CAPITAL
CREATE UNIQUE DATA CAPITAL
1 2 3
ad consumption mobile devices
social media demographics marketing response
customer service
prospects subscribers transactions
Millions of interactions create immensely valuable data
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 5
Use Data
Produce Data
10-15%
Most data remains unexploited
Impact on Data Management… Most data remains unexploited
• Smartphones generate 48X more data traffic than basic phones.
• Data tends to generate more data.
6
• Male, above 70 y.o.
• Grew up in England
• Married twice, children
• Successful, wealthy
• Art lovers
What are we missing?
Data tells us many things about our customers but it is often hard to make differenciations with incomplete data
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
multi-channel marketing
product & price strategy
network CAPEX & OPEX optimisation
customer acquisition, retention
programmatic advertising
targeted offers and sales
next best offer
personalised content
Oracle Confidential
Connect the Silos, Understand Customers, Drive Decisions
Voice/data and handset usage
Demographic, user and credit data
Customer contacts and service cases
Consumption logs, clickstream & devices
Network and browsing data
Marketing campaign response
listen better execute smarter learn faster
single customer view
micro-segments
scoring
preferences
behaviour
interests
history
first-party data
third-party data
Social media activity
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | Oracle Confidential
How Can Companies Benefit From Big Data?
Understand End Consumers Unlock the value of telco
customer big data
Engage with Consumers Deliver compelling consumer
experiences
Monetise First-Party Data Enable business model innovation and agility
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Digital services for 3rd parties to enrich their data, their marketing and advertising activities.
Data monetisation value pockets
Revenue leakage containment
External monetisation
Revenue uplift
Internal monetisation
Big Data Opportunity Unlocks Significant Value
9
Cost savings and investment management
Optimise operations and business support systems, driven by better Big Data network insights.
Big Data analytics for extracting incremental value out of geolocation feeds and internet browsing data.
Avoid revenue declines due to churn, downgrades or customer inactivity, analysing network activity and reacting in real-time.
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
More Value From Internal Explotation In The Short Term But Higher Value From External Monetisation In The Long Term
10
Y3 Y1 Y5
Rev
en
ue
s
Learn scale Accelerate
5-10 years
Time
External Monetisation
Internal Monetisation
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 11
Virgin Media Improve Customer Satisfaction
Compelling Event • Low Customer Satisfaction
• Low Net Promoter Score
Data Driver • Customer Satisfaction Surveys
• Content usage and free text data
Use Cases • Discover across All Customer Satisfaction
Surveys
Metrics • Customer Satisfaction Index Surpassing
the Minimum Desired Threshold
• Improved Net Promoter Score by 30%
Products • Big Data Discovery, BDA and OBIEE
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Garanti Bank
Compelling Event • Exploiting Omni-Channel Potential
• Credit Risk Analytics in a changing regulatory environment
Data Driver • 450M Transactions/Day as they happen
• Mainframe Applications Data Use Cases
• Next Best Action (RTD, OEP)
• Accelerate Urban and Risk Analytics Metrics
• Time to Data - From Weeks to Minutes
• Time to Analysis - Afternoon to Morning
• Keep 25 Data Scientist Productive Products
• BDD, BDA, BDC, Spatial, OBIEE and RTD.
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 13
Generali Gelocation Data Analytics
Compelling Event • Geolocation data not exploited
Data Driver • GPS data from insured cars.
• Vehicle accident report.
Use Cases • Directly analyse the behaviour of insured
clients.
• Fraud detection.
Metrics • Reduce fraud in car accidents.
• Increase access control and filtering capabilities.
Products • Big Data Discovery, Big Data Appliance
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Pôle Emploi
Compelling Event • Leverage Labour Pool to Grow Economy
• Focus Staff on Hard Placements
Data Driver • Siloed Stores of Offers and Applicant
Use Cases • Data Reservoir to Consolidate Info
• Advanced Analytics to Perform Job Match
• Fraud Detection
Metrics • Staff Productivity
• Reduce Fraud Rate More Quickly
Products • BDA, R, RTD, NoSQL
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 15
Liberty Global Understand First, Buy Content After
Compelling Event • Investment without Facts
• Low Net Promoter Score
Data Driver • Real-time VoD Feeds.
• Videos and Content Watched.
Use Cases • Improve products internally and make
content more relevant to customers
• From reactive to proactive in real time
Metrics • Save Investment in new Content
• Improve Net Promoter Score
Products • Big Data Appliance, Oracle R and OBIEE
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Any Questions?
Dr. David Millán
• Email: [email protected]
• Phone: +34 637 203 537
• Twitter: @dmillan82
• Linkedin: davidmillan
16