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

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

description

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...

Page 1: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Creating green-field opportunities for customer analytics through

on-line experience

Page 2: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Page 3: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

The internet is changing at an ever-increasing pace

Page 4: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

M1Massive

processing

M1Massive

processing

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

M2Massive

communications

M2Massive

communications

M3Massed

minds

M3Massed

minds

Page 5: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

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

Page 6: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Massive communication power has createdan explosion of social networks

Page 7: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Whilst massed minds have enabled

scalable pattern recognition

Page 8: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Page 9: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

The five stages of a customer analytics project

1. CONCEPTUAL

2. PROBLEM STRUCTURING 3. DATA

PREPARATION & EXPLORATION

5. RECOMMENDATIONS & DEPLOYMENT

4. ANALYSIS & MODELING

Page 10: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

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

Page 11: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

…and leverage distributed networks for crowdsourcing analytics

Page 12: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Today’s agenda

Page 13: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

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

Page 14: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

A simple yet powerful model predicts revenue with accuracy…

Page 15: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

… and performs well even after introducing a time-lag

Page 16: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Opportunity # 2: Leveraging the crowd

Page 17: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

a

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

Page 18: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Case study: Predicting uptake of new products in financial services