Moneyball Approach to Big Data

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Moneyball Approach to Big Data Create a competitive advantage with Big Data Rick Kawamura @r_kawamura

description

Presented to Wall Street Technology Conference on opportunities with Big Data using a practical approach to creating a competitive advantage.

Transcript of Moneyball Approach to Big Data

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Moneyball Approachto Big DataCreate a competitive advantage with Big Data

Rick Kawamura@r_kawamura

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Agenda

• Moneyball – The art of Winning

• What is Big Data?

• Big Data Evolution

• Big Data Opportunities

• Not all Big Data is alike

• Big Data Examples

• Top 10 Keys to Success starting out with Big Data

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Moneyball – The Art of Winning

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Using a data-driven approach to outwit, outsmart, and outplay your competition with unstructured Big Data

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What is Big Data?

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Forrester:

… techniques and technologies that make handling data at extreme scale affordable… to understand how to get value from the 95% you are not thinking about right now. (Forester estimates firms utilize less than 5% of available data). In this information age, the firms that best turn information to their advantage will dominate their competition.

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Big Data Evolution

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EAI

SOA

Silos

Portals

Centralization

Vendor Consolidation

Consolidation App Explosion

Web

Globalization

SaaSMobile

Cloud

Social

B2B

Machine

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Big Opportunities

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Who is likely to reap the benefits of Big Data?

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Finance and Insurance are well positioned

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Predictive Analytics

• Is Social Media credible?

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Strong credibility of Unstructured, Social Data

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Improve Operating Margins

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“We estimate that a retailer embracing big data has the potential to increase its operating margin by more than 60%”

- McKinsey

- IBM

Integrating internal and external apps for profit

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Financial Services

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“… unlocking the insights in the data to better understand customers, competitors and employees represents a significant opportunity to gain competitive advantage. … leading firms are looking at using both internal and external data, both structured and unstructured, to develop personalized banking products.”

- Deloitte

Regulatory Compliance, Personalized Service, Competitive Advantage

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Top 10 Keys to Success starting out with Big Data

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1. Honest evaluation of your Big Data goals and weaknesses

2. Desire to change and think different

3. The 3 Vs of Big Data are important – but it’s really about a 4th “V”, Value

4. Gain access to the data and applications you need

5. Use relevant data – internal, external, structured, unstructured

6. Data in real-time

7. Ability to turn data into intelligence

8. Actionable results

9. Hire the right people (before investing in tools and technology)

10. Beware the hungry bear – You may not be first (with Big Data), just don’t be last

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Thank You@r_kawamura

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