More than 80% of data is outside the reach of traditional analytical systems, including sources like social media, email, websites and more. Supercharge your analytic investments by unlocking the power of insights from any source.
Key Idea: Dialogs contain untapped insights about your business.One of the fastest growing new opportunities organizations have today is to better harness and understand the dialogs happening around their business.Let’s take your customers as an example.[build]They have different perceptions of products, services, and brand, which they are expressing every day - for better or worse - on social media sites, the internet, or directly to customer service reps.[build]Inside organizations we can also look at what the workforce is saying, in notes the sales and service team record as they interact with customers, in documents and emails, performance reviews, job satisfaction surveys, and more.[build]And so it goes across supplier and partner networks, with the competition, with the government, and with the general public. Everyone is thinking and saying things that can lead to transformative new insights.[transition]
Key Idea: Understanding and assessing the impact of these dialogs presents a huge new business opportunity.This information is often literally telling you how to improve the business.If you could listen directly to customer's opinions and feedback and assess its impact, organizations could better target products and services to the market, address customer satisfaction issues proactively, and improve brand perception.And understanding workforce performance and sentiment is driving the next level of improvements around operational efficiency, talent management, and employee satisfaction. And so on...So if the opportunity here is to understand and analyze these dialogs to improve the quality of the relationships you have with all of these groups, why isn't everyone already doing it?[ransition]
Key Idea: But, unstructured data is a big problem for IT.First, this data isn’t all captured in a single place. It’s common knowledge at this point that barely 20% of enterprise data is maintained in traditional data management systems.[build]Which means that over 80% of the world’s data is not. it’s spread out everywhere, on social media sites and in the internet, on file shares and your email, or maybe embedded in the text fields in your enterprise applications.[build]Most of this information is “unstructured”, and it turns out that it is really very different from traditional structured data. Unstructured data has no pre-defined data model and/or does not fit well into relational tables. Typically, there is no identifiable structure – it can have complex, hierarchical structures, and is often text-heavy. Due to the explosion and proliferation of the internet and social media, unstructured data is growing exponentially in volume and diversity – and organizations are looking for better ways to manage and analyze this data.The second challenge is the quality of this data. The truth is that while there are golden nuggets of insight buried in these mountains of data, most of it will be messy, and may not be all that valuable. How do you decide what matters to your business? There’s not necessarily a right answer: Different user groups will find value in different data sets.The bottom line is most organizations believe they lack the time and skills to make sense of it all, so they struggle to get started and never realize the benefits of unstructured analysis.[transition]
Key Idea: You need a solution that extends analytics to unstructured sources. This is Endeca.The key is, in order to make this information actionable, you need to be able to look across all of these diverse sources; correlate them back to the structured data that you are already using to measure and drive your business; and enable decision makers to interact directly with that data to generate insights and improve outcomes.What we’re going to talk about today is Oracle’s unique offering in this space.[build]Oracle already has Oracle BI is the best platform for analyzing structured data, and for managing the common business analytic definitions of your enterprise.[build]And to that, we now add Endeca Information Discovery, which extends Oracle’s analytic capabilities across unstructured sources, uniting the worlds of structured and unstructured to provide business users with complete visibility into their business processes, creating new insights and enabling better business decisions.Only Oracle provides a complete, integrated platform for structured and unstructured data analysis.Let me now give you an example of how all this information comes together in Endeca Information Discovery.[transition]
Key Idea: Unstructured data analytics with Endeca enhances business problem solving.Let's consider a solution to help quality engineers analyze, predict and avoid costly product recalls.To figure this out, a reliability engineer needs to ask some additional questions. “What parts receive the most claims? What other products contain those parts? Who supplies those parts? What did the customer say was wrong? What are industry experts and other consumers saying about our products?”The information sources holding these answers are diverse, so where do we start?[build]As in most Endeca solutions, we start by incorporating the gold standard data and metrics in your existing data warehouse and BI solutions. The unstructured data from the other systems will enrich and enhance this data to provide new insights.[build]One of the first places to look is your enterprise applications. Lots of valuable information gets left behind from the analysis you're doing in the warehouse, such as the text of your service requests or warranty claims. [build]Then there are all of the disparate unstructured sources within and beyond your organization. Government websites and public data sets, industry safety forums, and consumer chatter on popular social media sites.[build]By seeing all of this information together, business users can now ask the new questions that will help them understand what's happening, what could happen next, and where to go for more information. They've turned all of this disparate information into insight.Let’s now take a look at what it’s like to use the resulting Endeca application.[transition]
The use case we are looking at today is around incident analysis, for this example we look specifically at helping authorities combat international terrorism. The information sources you see on the screen represent a wide variety of public data sets from a number of disparate sources across the internet. Across these sources we will use Oracle Endeca Information Discovery to look for interesting patterns and relationships. Sources are both structured and unstructured or a combination of both. Out of a relational database we extract terrorist incidents that denote the time, location and type of event amongst other attributes. These incidents also contain a field that is a long free-form text description of the incident. These notes typically come from a file or content management system. We then combine this data with very unstructured sources that might possibly be talking about the very same incidents, such as news sites, social media and other public forums.In our demo we will be focusing on relating incidents of international terrorism with comments on social media. We are trying to find instances of people talking about the same terrorist incidents on facebook or twitter. Perhaps they know additional information about the incident that can help authorities with their investigation.To do this we will use Endeca's Text Enrichment capabilities across the unstructured fields contained in all the sources to uncover common themes and entities such as places, company names or people.[build]Here we see the country 'Somalia' is mentioned in all of the sources in various fields, both structured and unstructured[build]As is the term 'IED'[build]and 'bomb' and 'vehicle'The more terms that the various sources have in common, the more likely the sources are to be related. Oracle Endeca Information Discovery will summarize the different sources based on attributes that already exist in the data in addition to those identified by our text enrichment capabilities within the unstructured data.Let's see how that works...[transition]
Discovery in action: the transformative power of oracle endeca information discovery