2. Big data refers to the
ever-increasing volume,
velocity, variety,
variability and complexity
of information. Data expansion over the years
Big Data
3. Application of Big Data
• Optimizing Machine and Device Performance
• Understanding and Targeting Customers
• Understanding and Optimizing Business Processes
• Personal Quantification and Performance Optimization
• Financial Trading
4. How Marketing and data work!
Marketing optimization/performance.
Customer engagement.
Customer retention and loyalty.
KEY FEATURES
6. • Most Organizations rely too much on gut
In today’s volatile business
environment, judgment built from
past experience is increasingly
unreliable. With consumer behaviors
in flux, once-valid assumptions can
quickly become outdated.
8. • Dangerously distracted by data
Sometimes, one can blindly follow data without applying the
human intellect. This, leads to higher risk of taking wrong
decisions.
10. Focus on Goal and filter out the noise
Three key qualities:
Comfort with ambiguity
Ability to ask strategic questions based on data
Narrow focus on higher-order goals.
11.
12. Indian Managers Globally
CHALLENGES
• Globalization of Economy
• Corporate restructuring
• Newer organizational designs
• Emphasis on knowledge management
13.
14. Relevance to an Indian Manager
A manager working in some MNC can be
mislead with data. It is important to
consider that if managers get better access
to raw numbers and big data keeps
growing, the importance of the filtering
ability will only intensify, and a well well-
guided team environment will
only help in filtering out the noise, which
will further help them to achieve their goals.
15. Data Facts
• The amount of data generated
in two days is almost as much
as all the data before 2003.
• Harnessing Big Data could reduce Health Care costs by 8%.
• In 1985, it cost $100,000 to store a gigabyte of data. It cost 5 cents
in 2013.
• Today’s data centers occupy an area of land equal in size to almost
6,000 football fields.
