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1
Why Sales and Marketing Specialists
will become Big Data Scientists
Dr. Cindy Gordon, CEO & Founder, SalesChoice
cindy@saleschoice.com
Sales & Marketing Conference:
Middle East – Abu Dhabi
May 19th-20th, 2015
Overview
2
Making Sense of Big Data
Relevance to Marketing & Sales
Rise of the Chief Data Scientist
3
What is Big Data?
3
Today’s Big Data is Tomorrow’s Normal Data
What is key is to extract insight and value out of the data.
4
Big Data = New Approaches
4
Traditional Approach Big Data Approach
Analyze small
subsets of data
Analyze all data ..
Connect the dots…
Analyzed
information
All available
information
All available
information
analyzed
5
Big Data: Growth Trends
5
The McKinsey Global Institute
estimates that data volume is
growing 40% per year, and will grow
44x between 2009 and 2020.
6
Big Data keeps Growing….
6
8
Growth is Staggering
8
• Every day we create 2.5 quintillion bytes
of data.
• 90% of the data in the world today has
been created in the last two years alone
9
Big Data is the New Oil
9
Oil is Gushing
Everywhere
• Some is Good
• Some is Bad
• Some is Ugly
10
Big Data: V-Enablers
10
VOLUME:
Increase of Storage Capacity
VELOCITY:
Increase of Processing Power
VARIETY
Availability of Data
VERACITY
Messiness in Data (..noise…)
11
Big Data:
Enables New Ways of Working
11
Homeland Security
FinanceSmarter Healthcare Multi-Channel Sales
Telecom
Manufacturing
Traffic Control
Trading Analytics Fraud and Risk
Log Analysis
Search Quality
Retail: Churn, NBO
12
Marketing & Sales
12
Making Sense of Big Data
Relevance to Marketing & Sales
Rise of Chief Data Scientist
13
Marketing & Sales Relevance
13
Enhanced 360o View
of the Customer
• View all internal and external
information sources to know
everything about your
customers
Sales Win Rate
Optimization
Analyze All Historical Win and
Loss Patterns to predict future
outcomes using Predictive
Analytics
- Lead Scoring
- Opportunity Scoring
- Prescriptive Pricing
14
The Plight of the CSO
14
99% of CSOs are increasing their revenue target this year,
but only 14% believe they can achieve it.
Revenue Achievement ConfidenceRevenue Target
Source: Accenture , 2014
15
The Problem We Solve
15
Salespeople are challenged with prioritizing
opportunities, focusing, and predicting the
outcomes of their sales efforts, resulting in 30-60%
of companies sales reps not meeting their targets.
16
SalesChoice:
Predictive & Prescriptive Analytics
16
Source: Accenture , 2014
Insight
Analytics
(Win/Loss Indicators)
Predictive
Prioritizations
Accurate Sales
Forecasting
Simulations &
Dashboards
Secure Patented SaaS Software & Data Sciences using
Predictive and Prescriptive Analytics.
Data Sciences
SalesChoice:
Predictive & Prescriptive Analytics
17
Forecast
Accurately
Without emotional
distraction.
Prioritize
Opportunities
Through advanced
predictive analytics
Increase Odds
of Winning
By aligning efforts on the
best opportunities.
We can predict at 80% or more
accuracy which opportunities will close
& the reasons for wins or losses.
18
Uber Smart Sciences
18
“SalesChoice’s Science
is uncannily Smart.”
Steve Little
Former CIO, Mitel
“SalesChoice
accurately
predicts
4/5
sales
outcomes.”
19
Reducing COS – 1,000 ROI +
SalesChoice has impacted over
$20M of our business
by reducing our Cost of Sales
(COS) and improving our
top line revenue growth focus by
30% or more.
Dinesh Kandanchatha
Head of Sales
Macadamian Technologies
Customer Testimonial
I will put in a BIGplug for SalesChoice!
Evaluate this solution if you are
considering Big Data in your marketing
and sales strategy.
Darryl D’Sa
Director, Global
Corporate Strategic Sales Operations
OpenText Inc.
20
21
Improvements ~ 28%-62%++ ~
21
28% 54% 62% 31% 56% 33% 35% 33% 22%
22
Rise of Chief Data Scientist
22
Making Sense of Big Data
Relevance to Marketing & Sales
Rise of the Chief Data Scientist
23
The Rise of the
Big Data Scientist
23
Source: Wikibon Taming Big Data
By 2015 6 million jobs in Big Data ; >2 million
is in US alone…
24
Talent Shortage
24
By 2018 there will be a shortage of 140,000
– 190,000 data scientists.
This represents a 50-60% talent gap to meet
projected business demands.
Source: McKinsey, 2015
25
Changing Approaches
25
Start with hypothesis
and test against
selected data
Explore all data and
identify correlations
… Data leads the way…
Hypothesis Question
DataAnswer
Exploration
CorrelationInsight
Traditional Approach Big Data Approach
Data
26
Reduced Effort
26
TRADITIONAL APPROACH BIG DATA APPROACH
Govern Data to the Highest
Standard, Store it, then use
it for multiple purposes
Understand data and usage,
govern to the appropriate
level, use it, and iterate.
RepositoryGovern to
Perfection
UseData
Data Understand
GovernUse
27
Chief Data Scientist Skills
27
• Creative problem solving for large complex issues.
• Business Acumen with Math, IT and Statistical Proven Know-how
• Varied IT skills with an understanding of most prominent software
used by lead data scientists.
• Strong people skills and an ability to lead teams toward a common
goal.
• Flexible communication skills to work with top-down and bottom-up
groups dedicated to achieving corporate goals and successes.
• General business acumen to understand data in the context of teams
and their day-to-day task sets.
• A willingness to invest in ongoing education to remain current
• Ability to communicate: make the complex simple to understand
• Business Value (ROI skills), Sales skills (convince others of value)
28
Concluding Comments
28
More organizations
are using
predictive analytics
to create a
competitive advantage!
37%
58%
65%
80%
2010
2011
2012
2014
75%
Increase
Source:The New Intelligent Enterprise,
MIT Sloan Review Research (2013)
1.6X Revenue Growth
2.0X EBITDA Growth
2.5X Stock Appreciation
10X CAGR
Leaders applying predictive analytics are
outperforming their competitors.
Source: Economist Intelligence Unit and IBM Business Value
Institute (2012), McKinsey (2013)
29
Concluding Comments
29
Source: Big & Fast Data: The Rise of Insight Driven Business: Cap
Gemini, 2014
30
Concluding Comments
30
“ Apply Big Data,
Predictive
Analytics well… or
become
uncompetitive….
The Risks are High
as the War of
Sciences in
Business
accelerates”
Source: Big & Fast Data: The
Rise of Insight Driven Business:
Cap Gemini, 2014
31
Concluding Comments
31
How many of you now think you need to learn more about:
• Big Data
• Predictive and Prescriptive Analytics
• Big Data Approaches, and
• Applications relevant to Marketing & Sales?
Join me tomorrow at my workshop seminar where we will
probe deeper in to this rapidly emerging new field.
What is clear our world is exploding in data in marketing &
sales: Each of us has a responsibility to work in new ways.
Evolve or Die.
32
We offer Products & Services in
Predictive & Prescriptive Analytics
32
Issues
Discover potential for
revenue generation & cost
savings
Use best-of-breed cross-
discipline methodologies
from data sciences: statistics,
applied math, computer
science, biology, physics,
engineering
• Discover the hidden value and potential revenue in
your data
• Learn which data is valuable and which is wasteful –
improve efficiencies
• Create cross organizational understanding
Identify useful, accessible
data both Internal & external,
raw and derived
• Identify operational inefficiencies
• Solve poor cross-organizational visibility issues
• Do you feel that you’re lacking the comprehensive
big-picture view / missing key clues in the details.
Data
• Create an automated and efficient collection,
preparation, cleaning, transformation procedure
• State-of-the-art secure on-site / cloud-based storage
and retrieval
Analytics
Insights
• Intelligent nested algorithms, voting models that
learn over time to point and predict with confidence
• Customized analytics meaningful to you and your
business
• SaaS Technology can help your sales and marketing
professionals advance their business needs.
Actionable insights,
intelligence, knowledge,
predictions, forecasts: what
THE important factors really
are
33Confidential: Copyright SalesChoice Inc. 2014
Questions
34
How to Contact me:
cindy@saleschoice.com
Cell (416)230-6538
www.saleschoice.com
@Sales_Choiceinc

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Why Sales and Marketing Specialists will become Big Data Scientists

  • 1. 1 Why Sales and Marketing Specialists will become Big Data Scientists Dr. Cindy Gordon, CEO & Founder, SalesChoice cindy@saleschoice.com Sales & Marketing Conference: Middle East – Abu Dhabi May 19th-20th, 2015
  • 2. Overview 2 Making Sense of Big Data Relevance to Marketing & Sales Rise of the Chief Data Scientist
  • 3. 3 What is Big Data? 3 Today’s Big Data is Tomorrow’s Normal Data What is key is to extract insight and value out of the data.
  • 4. 4 Big Data = New Approaches 4 Traditional Approach Big Data Approach Analyze small subsets of data Analyze all data .. Connect the dots… Analyzed information All available information All available information analyzed
  • 5. 5 Big Data: Growth Trends 5 The McKinsey Global Institute estimates that data volume is growing 40% per year, and will grow 44x between 2009 and 2020.
  • 6. 6 Big Data keeps Growing…. 6
  • 7.
  • 8. 8 Growth is Staggering 8 • Every day we create 2.5 quintillion bytes of data. • 90% of the data in the world today has been created in the last two years alone
  • 9. 9 Big Data is the New Oil 9 Oil is Gushing Everywhere • Some is Good • Some is Bad • Some is Ugly
  • 10. 10 Big Data: V-Enablers 10 VOLUME: Increase of Storage Capacity VELOCITY: Increase of Processing Power VARIETY Availability of Data VERACITY Messiness in Data (..noise…)
  • 11. 11 Big Data: Enables New Ways of Working 11 Homeland Security FinanceSmarter Healthcare Multi-Channel Sales Telecom Manufacturing Traffic Control Trading Analytics Fraud and Risk Log Analysis Search Quality Retail: Churn, NBO
  • 12. 12 Marketing & Sales 12 Making Sense of Big Data Relevance to Marketing & Sales Rise of Chief Data Scientist
  • 13. 13 Marketing & Sales Relevance 13 Enhanced 360o View of the Customer • View all internal and external information sources to know everything about your customers Sales Win Rate Optimization Analyze All Historical Win and Loss Patterns to predict future outcomes using Predictive Analytics - Lead Scoring - Opportunity Scoring - Prescriptive Pricing
  • 14. 14 The Plight of the CSO 14 99% of CSOs are increasing their revenue target this year, but only 14% believe they can achieve it. Revenue Achievement ConfidenceRevenue Target Source: Accenture , 2014
  • 15. 15 The Problem We Solve 15 Salespeople are challenged with prioritizing opportunities, focusing, and predicting the outcomes of their sales efforts, resulting in 30-60% of companies sales reps not meeting their targets.
  • 16. 16 SalesChoice: Predictive & Prescriptive Analytics 16 Source: Accenture , 2014 Insight Analytics (Win/Loss Indicators) Predictive Prioritizations Accurate Sales Forecasting Simulations & Dashboards Secure Patented SaaS Software & Data Sciences using Predictive and Prescriptive Analytics. Data Sciences
  • 17. SalesChoice: Predictive & Prescriptive Analytics 17 Forecast Accurately Without emotional distraction. Prioritize Opportunities Through advanced predictive analytics Increase Odds of Winning By aligning efforts on the best opportunities. We can predict at 80% or more accuracy which opportunities will close & the reasons for wins or losses.
  • 18. 18 Uber Smart Sciences 18 “SalesChoice’s Science is uncannily Smart.” Steve Little Former CIO, Mitel “SalesChoice accurately predicts 4/5 sales outcomes.”
  • 19. 19 Reducing COS – 1,000 ROI + SalesChoice has impacted over $20M of our business by reducing our Cost of Sales (COS) and improving our top line revenue growth focus by 30% or more. Dinesh Kandanchatha Head of Sales Macadamian Technologies
  • 20. Customer Testimonial I will put in a BIGplug for SalesChoice! Evaluate this solution if you are considering Big Data in your marketing and sales strategy. Darryl D’Sa Director, Global Corporate Strategic Sales Operations OpenText Inc. 20
  • 21. 21 Improvements ~ 28%-62%++ ~ 21 28% 54% 62% 31% 56% 33% 35% 33% 22%
  • 22. 22 Rise of Chief Data Scientist 22 Making Sense of Big Data Relevance to Marketing & Sales Rise of the Chief Data Scientist
  • 23. 23 The Rise of the Big Data Scientist 23 Source: Wikibon Taming Big Data By 2015 6 million jobs in Big Data ; >2 million is in US alone…
  • 24. 24 Talent Shortage 24 By 2018 there will be a shortage of 140,000 – 190,000 data scientists. This represents a 50-60% talent gap to meet projected business demands. Source: McKinsey, 2015
  • 25. 25 Changing Approaches 25 Start with hypothesis and test against selected data Explore all data and identify correlations … Data leads the way… Hypothesis Question DataAnswer Exploration CorrelationInsight Traditional Approach Big Data Approach Data
  • 26. 26 Reduced Effort 26 TRADITIONAL APPROACH BIG DATA APPROACH Govern Data to the Highest Standard, Store it, then use it for multiple purposes Understand data and usage, govern to the appropriate level, use it, and iterate. RepositoryGovern to Perfection UseData Data Understand GovernUse
  • 27. 27 Chief Data Scientist Skills 27 • Creative problem solving for large complex issues. • Business Acumen with Math, IT and Statistical Proven Know-how • Varied IT skills with an understanding of most prominent software used by lead data scientists. • Strong people skills and an ability to lead teams toward a common goal. • Flexible communication skills to work with top-down and bottom-up groups dedicated to achieving corporate goals and successes. • General business acumen to understand data in the context of teams and their day-to-day task sets. • A willingness to invest in ongoing education to remain current • Ability to communicate: make the complex simple to understand • Business Value (ROI skills), Sales skills (convince others of value)
  • 28. 28 Concluding Comments 28 More organizations are using predictive analytics to create a competitive advantage! 37% 58% 65% 80% 2010 2011 2012 2014 75% Increase Source:The New Intelligent Enterprise, MIT Sloan Review Research (2013) 1.6X Revenue Growth 2.0X EBITDA Growth 2.5X Stock Appreciation 10X CAGR Leaders applying predictive analytics are outperforming their competitors. Source: Economist Intelligence Unit and IBM Business Value Institute (2012), McKinsey (2013)
  • 29. 29 Concluding Comments 29 Source: Big & Fast Data: The Rise of Insight Driven Business: Cap Gemini, 2014
  • 30. 30 Concluding Comments 30 “ Apply Big Data, Predictive Analytics well… or become uncompetitive…. The Risks are High as the War of Sciences in Business accelerates” Source: Big & Fast Data: The Rise of Insight Driven Business: Cap Gemini, 2014
  • 31. 31 Concluding Comments 31 How many of you now think you need to learn more about: • Big Data • Predictive and Prescriptive Analytics • Big Data Approaches, and • Applications relevant to Marketing & Sales? Join me tomorrow at my workshop seminar where we will probe deeper in to this rapidly emerging new field. What is clear our world is exploding in data in marketing & sales: Each of us has a responsibility to work in new ways. Evolve or Die.
  • 32. 32 We offer Products & Services in Predictive & Prescriptive Analytics 32 Issues Discover potential for revenue generation & cost savings Use best-of-breed cross- discipline methodologies from data sciences: statistics, applied math, computer science, biology, physics, engineering • Discover the hidden value and potential revenue in your data • Learn which data is valuable and which is wasteful – improve efficiencies • Create cross organizational understanding Identify useful, accessible data both Internal & external, raw and derived • Identify operational inefficiencies • Solve poor cross-organizational visibility issues • Do you feel that you’re lacking the comprehensive big-picture view / missing key clues in the details. Data • Create an automated and efficient collection, preparation, cleaning, transformation procedure • State-of-the-art secure on-site / cloud-based storage and retrieval Analytics Insights • Intelligent nested algorithms, voting models that learn over time to point and predict with confidence • Customized analytics meaningful to you and your business • SaaS Technology can help your sales and marketing professionals advance their business needs. Actionable insights, intelligence, knowledge, predictions, forecasts: what THE important factors really are
  • 34. 34 How to Contact me: cindy@saleschoice.com Cell (416)230-6538 www.saleschoice.com @Sales_Choiceinc

Editor's Notes

  1. Good Evening: My name is Dr. Cindy Gordon, and I am the CEO and Founder of SalesChoice. We are seeking $500K in Angel Seed Financing to accelerate our growth.
  2. We are a Software as a Services company that specializes in advanced predictive and prescriptive analytics with a highly scalable & robust platform. Our primary buyers are B2B Sales professionals in mid to large enterprises, although our software also can also bring value to the SMB segment with 25 ore more sales professionals. As of September, 2014, we have also deployed a SalesForce.com Application that is now certified in their App Exchange. Hence we have our 1st channel reach secured.
  3. We are a Software as a Services company that specializes in advanced predictive and prescriptive analytics with a highly scalable & robust platform. Our primary buyers are B2B Sales professionals in mid to large enterprises, although our software also can also bring value to the SMB segment with 25 ore more sales professionals. As of September, 2014, we have also deployed a SalesForce.com Application that is now certified in their App Exchange. Hence we have our 1st channel reach secured.
  4. We are a Software as a Services company that specializes in advanced predictive and prescriptive analytics with a highly scalable & robust platform. Our primary buyers are B2B Sales professionals in mid to large enterprises, although our software also can also bring value to the SMB segment with 25 ore more sales professionals. As of September, 2014, we have also deployed a SalesForce.com Application that is now certified in their App Exchange. Hence we have our 1st channel reach secured.