Becoming (Big) Data Driven presentation at BusinessMeetsIt Big Data seminar March 13th 2013

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Information about Becoming (Big) Data Driven presentation at BusinessMeetsIt Big Data...

Published on March 15, 2014

Author: geertvanlandeghem



How to become big data driven? Wat does it mean to be data-driven and how data science and big data help to become more data-driven. Finally, how to build a near real-time (big) data platform.

Becoming (Big) Data Driven

Geert Van Landeghem 3 ▪ Big Data Consultant@DataCrunchers! ▪ ▪ From Vision to Implementation ▪ References

13 The Ubiquity of Data Opportunities ! Continuous investments in business infrastructure! ! Virtually every aspect of business can be measured! ! More and more External data is available! ! More interest into getting information out of data! ! Data mining versus data science

13 From Business Problems to Data Mining

13 Data mining tasks ! Classification! Regression! Clustering! Profiling! Similarity matching! Co-occurence grouping! Data reduction! Link prediction! Casual modeling

Data Science Context 7

2 How DDD affects performance ! ! ! The more data driven a firm is, the more productive it is!! ! One standard deviation higher on the DDD scale is associated with a ! 4%–6% increase in productivity.! ! DDD also is correlated with higher return on assets, return on equity, asset utilization, and market value, and the relationship seems to be causal! ! ! ! ! Source: Study by Economist Erik Brynjolfsson and his colleagues from MIT (2011)

2 Data Driven marketeers outperform their competition Source: The State of Marketing 2013, IBM’s Global Survey of Marketeers

Many leaders are data-driven 4

What does it mean to be data-driven? ! The culture and capabilities that! operationalize capturing, processing, and! utilizing data to make timely decisions! that improve products, customer! experiences, operational efficiency and! competiveness. 2

Data driven hurdles ! Disparate Data Sets! ! Data owned by different silos within the org! ! Lack of funding! ! Lack of time/resources! ! Legacy operating rhythm 2

Embarking on your data driven journey ! Transformation will not happen overnight! ! Support of C-Level (top-down)! ! Requires cross-functional collaboration! ! Combination of people, process, tools! ! Cultural champion is needed 2

How does big data fit in? ! Big data refers to data that is too big to fit ! on a single server, too unstructured to fit ! into a row-and-column database, ! or too continuously flowing ! to fit into a static data warehouse 6

Big Data Technical Drivers 7

Big Data Business Drivers ! Do More (Analytics) with Less (Costs) 8

Big Data Driven Roadmap 13

14 Source: Bill Schmerzo (EMC)!

How to build the 360° view? ! ! ! Two-way data integrations across multi-channels! ! Data is always updated and ! accessible for use 2

The Enterprise Data Hub

Enterprise Data Hub Definition ! Contains all enterprise data! ! Internal & External! ! Processes all data in „near real-time” to generate views! ! Historic & Flowing! ! Views! Answers to business questions 2

A Common Start Situation 16

Our Vision #1 Focus on Data not on Derived Data 17

Our Vision #2 Data is immutable! 18

Our Vision #3 Query = function (all data) 19

Conceptually 20

21 Lambda architecture

View generation ! - Use machine learning! ▪ Recommendations! ▪ Clustering! ▪ Classification! ▪ Regression! ▪ R! ▪ …! - SQL Like (Hive)! - Data Flow Programming (Pig) 25

13 References


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