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CHAPTERS
1. INTRODUCTION
2. DEFINITIONS
3. CASE STUDY THEMES:
I. JUST HOW SMALL CAN SMALL BE?
II.ARE BIGGEST CUSTOMERS PROFITABLE?
III.THE VALUE OF MASHUPS
IV.SHINING A LIGHT ON DARK PLACES
V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
4. CONCLUSIONS
5. Q&A
1 - INTRODUCTION
1 - INTRODUCTION
DISCLAIMER
ALL VIEWS ARE MY OWN
BASED ON 25 YEARS EXPERIENCE
VENDORS MAY NOT LIKE WHAT I SAY!
MENTION OF PRODUCTS, TOOLS, SERVICES & COMPANIES SHOULD
NOT BE TREATED AS AN ENDORSEMENT (OR A CRITICISM)
NAMES HAVE BEEN CHANGED TO PROTECT THE GUILTY!
IF YOU’D LIKE A COPY OF THE PRESENTATION THEN GET IN TOUCH
CHAPTERS
1. INTRODUCTION
2. DEFINITIONS
3. CASE STUDY THEMES:
I. JUST HOW SMALL CAN SMALL BE?
II.ARE BIGGEST CUSTOMERS PROFITABLE?
III.THE VALUE OF MASHUPS
IV.SHINING A LIGHT ON DARK PLACES
V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
4. CONCLUSIONS
5. Q&A
2 – DEFINITIONS
• Big Data
• Small Data
• Data Discovery
2 – DEFINITIONS: BIG DATA
• Any offers?
2 – DEFINITIONS: BIG DATA – THE TECHNOLOGIST VIEW:
2 – DEFINITIONS: BIG DATA – THE STATISTICIAN VIEW:
N= ALL
2 – DEFINITIONS: BIG DATA – THE PRACTITIONER VIEW:
• "Big Data refers to things we can do at a large scale that
cannot be done at a smaller one, to extract new insights or
create new forms of value, in ways that change markets,
organisations, the relationship between citizens and
governments, and more"
• (Big Data: A revolution that will transform how we live, work and think". Viktor Mayer-Schonberger and Kenneth
Cukier, John Murray, London, 2013. ISBN: 9781848547933).
2 – DEFINITIONS: SMALL DATA
• Any offers?
2 – DEFINITIONS: SMALL DATA
• ANY data generated prior to mid 1990’s
• Anything which requires N < ALL
• When causation > Correlation
• When a single datapoint matters
• Anything you don’t want to label as Big Data
2 – DEFINITIONS: DATA DISCOVERY
2 – DEFINITIONS: DATA DISCOVERY
Well
documented
Well
documented
2 – DEFINITIONS: DATA DISCOVERY - THEORY
Poorly
documented
Poorly
documented
2 – DEFINITIONS: DATA DISCOVERY - PRACTICE
CHAPTERS
1. INTRODUCTION
2. DEFINITIONS
3. CASE STUDY THEMES:
I. JUST HOW SMALL CAN SMALL BE?
II.ARE BIGGEST CUSTOMERS PROFITABLE?
III.THE VALUE OF MASHUPS
IV.SHINING A LIGHT ON DARK PLACES
V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
4. CONCLUSIONS
5. Q&A
• ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS
• TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE
3 (I) – CASE STUDY – ARE BIGGEST CUSTOMERS PROFITABLE ?
TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE
3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
• BIG VOLUME = BIG REVENUE = BIG PROFIT ?
3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
BIG VOLUME = BIG REVENUE…
3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
BIG VOLUME = BIG REVENUE = BIG PROFIT ?
3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
BIG VOLUME = BIG REVENUE = BIG PROFIT ?......OR NOT!
3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
• GROWING, ACCORDING TO INTERNAL DATA. EXTERNAL DATA SHOWS?
3 (III) – CASE STUDIES – THE VALUE OF MASHUPS
GROWING……
3 (III) – CASE STUDIES – THE VALUE OF MASHUPS
Month
Units
Unit Sales per Month
Own
GROWING MARKET SHARE………
3 (III) – CASE STUDIES – THE VALUE OF MASHUPS
Month
Units
Unit Sales per Month
Own
Month
Units
Unit Sales per Month
Competitor
Own
GROWING MARKET SHARE IN A SHRINKING MARKET
3 (III) – CASE STUDIES – THE VALUE OF MASHUPS
Month
Units
Unit Sales per Month
Own
Month
Units
Unit Sales per Month
Competitor
Own
Month
Units
Unit Sales per Month
Competitor
MARKET
Own
• IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE?
• IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST!
3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE?
3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE?
3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
0 1 2 3 4 5 6 7 8
09:00:00
10:00:00
11:00:00
12:00:00
13:00:00
14:00:00
15:00:00
16:00:00
17:00:00
(blank)
Contacts
Customer Contacts
IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST!
3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST!
3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
-10000
-5000
0
5000
10000
15000
20000
25000
30000
Distributor Profitability (Revenue - Rebate)
Net Rev
Rebate
ROUGHLY RIGHT VERSUS PRECISELY WRONG
3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO
BE WRONG?
• LOSING THE INFORMATION IN THE DATA – DASHBOARD DAZZLE
• ROUGHLY RIGHT VERSUS PRECISELY WRONG
3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO
BE WRONG?
LOSING THE INFORMATION IN THE DATA – DASHBOARD DAZZLE
3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO
BE WRONG?
ROUGHLY RIGHT VERSUS PRECISELY WRONG
3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO
BE WRONG?
-1000
0
1000
2000
3000
4000
5000
6000
7000
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99
Performace(Units)
Day
Performance - Expectedvs Actual
EXPECTED
ACTUAL
Linear (EXPECTED)
Linear (ACTUAL)
1. INTRODUCTION
2. DEFINITIONS
3. CASE STUDY THEMES:
I. JUST HOW SMALL CAN SMALL BE?
II.ARE BIGGEST CUSTOMERS PROFITABLE?
III.THE VALUE OF MASHUPS
IV.SHINING A LIGHT ON DARK PLACES
V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
4. CONCLUSIONS
5. Q&A
• START SMALL – SMALL PROJECT, SMALL DATA
• THE SMALLER THE DATA, THE BIGGER THE IMPORTANCE OF DATA QUALITY
• ROUGHLY RIGHT IS QUICKER AND BETTER THAN PRECISELY WRONG
• THE REAL POWER OF ANALYTICS IS WHEN YOU MASH TOGETHER DATA
4 - CONCLUSIONS
4 - CONCLUSIONS
1. INTRODUCTION
2. DEFINITIONS
3. CASE STUDY THEMES:
I. JUST HOW SMALL CAN SMALL BE?
II.ARE BIGGEST CUSTOMERS PROFITABLE?
III.THE VALUE OF MASHUPS
IV.SHINING A LIGHT ON DARK PLACES
V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
4. CONCLUSIONS
5. Q&A
oEMAIL: NUTTALL_GARY@HOTMAIL.COM
oTWITTER: @GPN01
oLINKEDIN: HTTP://WWW.LINKEDIN.COM/IN/GARYNUTTALL
oMEETUP: MEETUP MASHUP LONDON: HTTP://WWW.MEETUP.COM/MEETUP-MASHUP-
LONDON/
oBLOGGER: HTTP://MEETUPMASHUP.BLOGSPOT.CO.UK/
5 – QUESTIONS ?

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CIAFS 2015 - The Importance of Small Data - FINAL

  • 1.
  • 2. CHAPTERS 1. INTRODUCTION 2. DEFINITIONS 3. CASE STUDY THEMES: I. JUST HOW SMALL CAN SMALL BE? II.ARE BIGGEST CUSTOMERS PROFITABLE? III.THE VALUE OF MASHUPS IV.SHINING A LIGHT ON DARK PLACES V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? 4. CONCLUSIONS 5. Q&A
  • 5. DISCLAIMER ALL VIEWS ARE MY OWN BASED ON 25 YEARS EXPERIENCE VENDORS MAY NOT LIKE WHAT I SAY! MENTION OF PRODUCTS, TOOLS, SERVICES & COMPANIES SHOULD NOT BE TREATED AS AN ENDORSEMENT (OR A CRITICISM) NAMES HAVE BEEN CHANGED TO PROTECT THE GUILTY! IF YOU’D LIKE A COPY OF THE PRESENTATION THEN GET IN TOUCH
  • 6. CHAPTERS 1. INTRODUCTION 2. DEFINITIONS 3. CASE STUDY THEMES: I. JUST HOW SMALL CAN SMALL BE? II.ARE BIGGEST CUSTOMERS PROFITABLE? III.THE VALUE OF MASHUPS IV.SHINING A LIGHT ON DARK PLACES V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? 4. CONCLUSIONS 5. Q&A
  • 7. 2 – DEFINITIONS • Big Data • Small Data • Data Discovery
  • 8. 2 – DEFINITIONS: BIG DATA • Any offers?
  • 9. 2 – DEFINITIONS: BIG DATA – THE TECHNOLOGIST VIEW:
  • 10. 2 – DEFINITIONS: BIG DATA – THE STATISTICIAN VIEW: N= ALL
  • 11. 2 – DEFINITIONS: BIG DATA – THE PRACTITIONER VIEW: • "Big Data refers to things we can do at a large scale that cannot be done at a smaller one, to extract new insights or create new forms of value, in ways that change markets, organisations, the relationship between citizens and governments, and more" • (Big Data: A revolution that will transform how we live, work and think". Viktor Mayer-Schonberger and Kenneth Cukier, John Murray, London, 2013. ISBN: 9781848547933).
  • 12. 2 – DEFINITIONS: SMALL DATA • Any offers?
  • 13. 2 – DEFINITIONS: SMALL DATA • ANY data generated prior to mid 1990’s • Anything which requires N < ALL • When causation > Correlation • When a single datapoint matters • Anything you don’t want to label as Big Data
  • 14. 2 – DEFINITIONS: DATA DISCOVERY
  • 15. 2 – DEFINITIONS: DATA DISCOVERY
  • 18. CHAPTERS 1. INTRODUCTION 2. DEFINITIONS 3. CASE STUDY THEMES: I. JUST HOW SMALL CAN SMALL BE? II.ARE BIGGEST CUSTOMERS PROFITABLE? III.THE VALUE OF MASHUPS IV.SHINING A LIGHT ON DARK PLACES V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? 4. CONCLUSIONS 5. Q&A
  • 19. • ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS • TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 20. ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 21. ONE LETTER THAT PUT A COMPANY OUT OF BUSINESS 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 22. TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE 3 (I) – CASE STUDY – ARE BIGGEST CUSTOMERS PROFITABLE ?
  • 23. TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 24. TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 25. TWO DATA ITEMS THAT DROVE BUSINESS INTELLIGENCE ACROSS EUROPE 3 (I) – CASE STUDIES – JUST HOW SMALL CAN SMALL BE ?
  • 26. • BIG VOLUME = BIG REVENUE = BIG PROFIT ? 3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
  • 27. BIG VOLUME = BIG REVENUE… 3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
  • 28. BIG VOLUME = BIG REVENUE = BIG PROFIT ? 3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
  • 29. BIG VOLUME = BIG REVENUE = BIG PROFIT ?......OR NOT! 3 (II) – CASE STUDIES – ARE BIGGEST CUSTOMERS PROFITABLE?
  • 30. • GROWING, ACCORDING TO INTERNAL DATA. EXTERNAL DATA SHOWS? 3 (III) – CASE STUDIES – THE VALUE OF MASHUPS
  • 31. GROWING…… 3 (III) – CASE STUDIES – THE VALUE OF MASHUPS Month Units Unit Sales per Month Own
  • 32. GROWING MARKET SHARE……… 3 (III) – CASE STUDIES – THE VALUE OF MASHUPS Month Units Unit Sales per Month Own Month Units Unit Sales per Month Competitor Own
  • 33. GROWING MARKET SHARE IN A SHRINKING MARKET 3 (III) – CASE STUDIES – THE VALUE OF MASHUPS Month Units Unit Sales per Month Own Month Units Unit Sales per Month Competitor Own Month Units Unit Sales per Month Competitor MARKET Own
  • 34. • IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE? • IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST! 3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
  • 35. IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE? 3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
  • 36. IS THIS DATA RIGHT? ARE YOU SURE? REALLY SURE? 3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES 0 1 2 3 4 5 6 7 8 09:00:00 10:00:00 11:00:00 12:00:00 13:00:00 14:00:00 15:00:00 16:00:00 17:00:00 (blank) Contacts Customer Contacts
  • 37. IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST! 3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES
  • 38. IF THIS SYSTEM WAS RIGHT WE’D BE GOING BUST! 3 (IV) – CASE STUDIES – SHINING A LIGHT ON DARK PLACES -10000 -5000 0 5000 10000 15000 20000 25000 30000 Distributor Profitability (Revenue - Rebate) Net Rev Rebate
  • 39. ROUGHLY RIGHT VERSUS PRECISELY WRONG 3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
  • 40. • LOSING THE INFORMATION IN THE DATA – DASHBOARD DAZZLE • ROUGHLY RIGHT VERSUS PRECISELY WRONG 3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
  • 41. LOSING THE INFORMATION IN THE DATA – DASHBOARD DAZZLE 3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO BE WRONG?
  • 42. ROUGHLY RIGHT VERSUS PRECISELY WRONG 3 (V) – CASE STUDIES – JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? -1000 0 1000 2000 3000 4000 5000 6000 7000 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 Performace(Units) Day Performance - Expectedvs Actual EXPECTED ACTUAL Linear (EXPECTED) Linear (ACTUAL)
  • 43. 1. INTRODUCTION 2. DEFINITIONS 3. CASE STUDY THEMES: I. JUST HOW SMALL CAN SMALL BE? II.ARE BIGGEST CUSTOMERS PROFITABLE? III.THE VALUE OF MASHUPS IV.SHINING A LIGHT ON DARK PLACES V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? 4. CONCLUSIONS 5. Q&A
  • 44. • START SMALL – SMALL PROJECT, SMALL DATA • THE SMALLER THE DATA, THE BIGGER THE IMPORTANCE OF DATA QUALITY • ROUGHLY RIGHT IS QUICKER AND BETTER THAN PRECISELY WRONG • THE REAL POWER OF ANALYTICS IS WHEN YOU MASH TOGETHER DATA 4 - CONCLUSIONS
  • 46. 1. INTRODUCTION 2. DEFINITIONS 3. CASE STUDY THEMES: I. JUST HOW SMALL CAN SMALL BE? II.ARE BIGGEST CUSTOMERS PROFITABLE? III.THE VALUE OF MASHUPS IV.SHINING A LIGHT ON DARK PLACES V. JUST HOW ACCURATELY DO YOU NEED TO BE WRONG? 4. CONCLUSIONS 5. Q&A
  • 47. oEMAIL: NUTTALL_GARY@HOTMAIL.COM oTWITTER: @GPN01 oLINKEDIN: HTTP://WWW.LINKEDIN.COM/IN/GARYNUTTALL oMEETUP: MEETUP MASHUP LONDON: HTTP://WWW.MEETUP.COM/MEETUP-MASHUP- LONDON/ oBLOGGER: HTTP://MEETUPMASHUP.BLOGSPOT.CO.UK/ 5 – QUESTIONS ?