Gaining Actionable Insight into Financial Systems and Areas Impacting the Revenue Cycle
From Big Data to Actionable Insight: What's Needed on the Back End
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Transcript of From Big Data to Actionable Insight: What's Needed on the Back End
![Page 1: From Big Data to Actionable Insight: What's Needed on the Back End](https://reader031.fdocuments.in/reader031/viewer/2022032617/55aa1f861a28ab4a428b45a5/html5/thumbnails/1.jpg)
From Big Data to Actionable Insight:What’s Needed on the Back End
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Agenda
Industry Examples
Big Data Is Flashy
The Not-So-Flashy Side of Big Data
Q&A
Gaining the Insight
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Big Data Is Flashy
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How Flashy Is It?
Fortune 100 Financial Services Companies
Store history for billions of transactions
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How Flashy Is It?
Fortune 100 Financial Services Companies
Store history for billions of transactions
Identify and prevent
fraudulent behavior
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How Flashy Is It?
Fortune 100 Financial Services Companies
Store history for billions of transactions
Identify and prevent
fraudulent behavior
Predict cardholder behavior
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How Flashy Is It?
Online Retail Corporations
Track every online
interaction
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How Flashy Is It?
Online Retail Corporations
Track every online
interaction
Load custom website for each visitor
(mass personalization)
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The Not-So-Flashy Side of Big Data
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IT Architectures, Networking Topologies, and Physical Infrastructure are all undergoing massive structural shifts to deal with Big Data demands
The 3Vs of Big Data
VOLUME
• Terabyte
• Petabyte
• Exabyte
• Zettabyte
VARIETY
• Structured
• Semi-structured
• Unstructured
VELOCITY
• Near real time
• Real time
• Streaming
3 Vs of Big Data
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The 4th V of Big Data?
Quality, accuracy, reliability, duplicity, relevancy, …….
VOLUME
• Terabyte
• Petabyte
• Exabyte
• Zettabyte
VARIETY
• Structured
• Semi-structured
• Unstructured
VELOCITY
• Near real time
• Real time
• Streaming
3 Vs of Big Data
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VOLUME
• Terabyte
• Petabyte
• Exabyte
• Zettabyte
VARIETY
• Structured
• Semi-structured
• Unstructured
VELOCITY
• Near real time
• Real time
• Streaming
VERACITY
• Integration
• Harmonization
• Management
Veracity, the 4th V of Big Data
Quality, accuracy, reliability, duplicity, relevancy, …….
4 Vs of Big Data
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Gaining the Insight
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What’s missing from the picture?
VOLUME
• Terabyte
• Petabyte
• Exabyte
• Zettabyte
VARIETY
• Structured
• Semi-structured
• Unstructured
VELOCITY
• Near real time
• Real time
• Streaming
4 Vs of Big Data
VERACITY
• Integration
• Harmonization
• Management
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5th V: ValueBusiness derives VALUE from Big Data initiatives through the actionable insights!
VOLUME
• Terabyte
• Petabyte
• Exabyte
• Zettabyte
VARIETY
• Structured
• Semi-structured
• Unstructured
VELOCITY
• Near real time
• Real time
• Streaming
VERACITY
• Integration
• Harmonization
• Management
5 Vsof Big Data
VALUE
• Discovering actionable insights
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Data Scientists Are Not Data Janitors
Data scientists spend up to 80% of their time1 on this 4th V, cleaning up raw data in preparation for analysis
With salaries that range upwards of $200,0002
they make very expensive data janitors
VERACITY AT WORK
Integration Harmonization Management
CAUTION
1 - Lohr, Steve. “For Big-Data Scientists, ‘Janitor Work’ Is Key Hurdle to Insights” The New York Times. 17 August 2014.
2 - Rosenbush, Steve. “The Morning Download: Competition for Data Scientists Heats Up” The Wall Street Journal. 11 August 2014.
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Leverage a Unified Cloud Platform
A Unified Cloud Data Integration and Data Management Platform like Liaison enables focus on the insights:
SEC
UR
ITY
CO
MP
LIA
NC
E
Data Management
Data Integration & Harmonization
Big Data Storage & Computation
Data Visualization
Structured Unstructured Semi-structured
VOLUME VELOCITY VARIETY
DATA
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Leverage a Unified Cloud Platform
A Unified Cloud Data Integration and Data Management Platform like Liaison enables focus on the insights:
SEC
UR
ITY
CO
MP
LIA
NC
E
Data Management
Data Integration & Harmonization
Big Data Storage & Computation
Data Visualization
Structured Unstructured Semi-structured
VOLUME VELOCITY VARIETY
DATA
VERACITY
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Leverage a Unified Cloud PlatformThe data is now ready for analysis and BI:
Analytics & Business Intelligence
SEC
UR
ITY
CO
MP
LIA
NC
E
Data Management
Data Integration & Harmonization
Big Data Storage & Computation
Data Visualization
Structured Unstructured Semi-structured
VOLUME VELOCITY VARIETY
DATA
VERACITY
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Industry Examples
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Cloud Fostered Collaboration
SEC
UR
ITY
Analytics & Business Intelligence
Data Management
Data Integration & Harmonization
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
E
Genomics Proteomics
Clinical
Pre-clinical
Real World Evidence-based
Data
HIP
AA
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Cloud Fostered Collaboration
SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
E
Genomics Proteomics
Clinical
Pre-clinical
Real World Evidence-based
Data
HIP
AA
Harmonize Data Sets
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Leveraging Historical Data Sets
SEC
UR
ITY
Analytics & Business Intelligence
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EH
IPA
ADecades of Historical
Compound Data
Data Management
Data Integration & Harmonization
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Leveraging Historical Data Sets
SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EH
IPA
AHarmonize Historical Data for Use in New Research
Decades of Historical
Compound Data
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Contextual Discovery
SEC
UR
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Analytics & Business Intelligence
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
E
Data Integration & Harmonization
Data Management
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Contextual Discovery
SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
ETranslation & Context Discovery
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SEC
UR
ITY
Analytics & Business Intelligence
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
E
Unified Data Analytics
Data Integration & Harmonization
Data Management
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SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EHarmonizing Web Analytics Data
Unified Data Analytics
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Unified Streaming Comparison
SEC
UR
ITY
Analytics & Business Intelligence
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
E
Data Integration & Harmonization
Data Management
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Unified Streaming Comparison
SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EHarmonizing Movie & Audience Data
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Integrated Supply Chain
SEC
UR
ITY
Analytics & Business Intelligence
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EP
CI D
SS
Orders
Catalog
Financial
Logistics
Data Integration & Harmonization
Data Management
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Integrated Supply Chain
SEC
UR
ITY
Analytics & Business Intelligence
Data Integration & Harmonization
Data Management
Big Data Storage & Computation
Data Visualization
CO
MP
LIA
NC
EP
CI D
SS
Orders
Catalog
Financial
Logistics
Harmonized Supply Chain Data
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In Review
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Unified Cloud Platform for your Big Data Initiative
Scalability
Streamlined Operations
Time to Insight Elasticity
Accessibility
Better ROI
Your Big Data Complexity Buffer
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Focus on Business Insights
Allow a unified cloud platform to buffer the complexities of…
1
So that you can focus on gaining insight from the data
2
Analytics & Business Intelligence
SEC
UR
ITY
CO
MP
LIA
NC
EData Management
Data Integration & Harmonization
Big Data Storage & Computation
Data Visualization
Structured Unstructured Semi-structured
DATA
VALUE
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