David Turnbull, cofounder and CCO Snapshot, at Travel Tech Conference Russia 2017 (http://traveltechcon.ru/eng).
"As the debate surrounding the dominance of OTA's and who truly "owns" the customer intensifies, David takes an amusing but critical look at the current state of data management within the hospitality sector and why this is preventing the significant leaps in customer experience achieved by other industries".
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17. Analyzing data lakes versus streams
• Collects data in real-time
• Multiple sources of data
• Immediately fed to streaming application
• Analytics run continuously
• Insights used to proactively adjust
immediate and future actions
• Ingested and stored data warehouse
• Multiple sources of data
• Analytics run weekly, daily or hourly
• Insights used to modify future actions
StreamsLakes
18. Live data is flowing
by and value is
slipping away
19. We call these in-the moment advantages:
Perishable Insights
Insights that can provide incredible value but
the value expires and evaporates once
the moment is gone
21. MACHINE LEARNING
A machine learning
algorithm is a system
that derives a set of rules
based on a set of data
It is based on
systematic observation,
double-checking
and cross-validation
There is no magic, just
data - and without data
there is no magic either
Programs that write Programs
22. “ What do you do
when you have a
problem you cant
solve? ”
“Just delegate it
and make it
someone else’s
problem! ”
34. How Data-Driven Decisions ACTUALLY work
• Drill-down analysis ... misunderstood or distorted
• Metrics dashboards ... contradictory and confusing
• Monthly reports ... ignored after two iterations
• In-house analyst teams ... Overworked and powerless
COMMUNICATION
BREAKDOWN
51. “ All of us would be
better investors if
we just made fewer
decisions ”
- Daniel Kahneman
52. “ I feel deeply uncomfortable
with that but it may be that for
some tasks machines can make
these decisions more
effectively and efficiently ”
- Daniel Susskind
53. They are not just faster and cheaper,
they are also better at making
decisions
54.
55. “The best chess players in the world
are ‘centaurs’, amalgamated teams
of humans and algorithms”
56.
57. “ More than 40% of the
actions people
performed each day
aren’t actual decisions,
but habits ”
- Charles Duhigg
63. YOU: 9AM NEXT MONDAY (PART 2)
Where is the updated
budget?
I emailed it, but use the
9am one, not the 8:55 am
one…
Is that the one called
“final”? No, the one called “FINAL
FINAL”. Never mind, I’ll
send it again.