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Big Data, Smart Metrics,
             and Consumer Behavior

                   Dr. Andreas Weigend
                   and Wang Jian Shuo

              Shanghai, 29 December 2011

Presentation: weigend.com/files/speaking/SH_2011.12.29.pdf
Recordings there as SH_2011.12.29a.mp3 and SH_2011.12.29b.mp3
Big Data, Smart Metrics, and Consumer Behavior
Agenda
• 7:00 Welcome and brief introductions
• 7:10 Keynote (30 mins, Andreas)
• 7:40 Break out into teams
• 8:00 Presentation of results by teams
• 8:20 Fireside chat (30 mins, Jian Shuo and
  Andreas)
• 8:50 Summary and feedback by participants
• 9:00 End
Big Data, Smart Metrics, and
            Consumer Behavior
• (Social) Data Revolution
   – Mindset
   – Economics of communication
• Allows for fast innovation through experimentation
• CEO job includes to define equations of business
   – Customer centric metrics
• Deep implications for companies
   – E- / me- / we-business; social commerce
• Deep implications for society and individuals
   – E.g., identity management, data ownership, future of work
8 Rules for Big Data
1.   Start with the problem, not with the data
2.   Share data to get data
3.   Align interests of all parties
4.   Make it trivially easy for people to
     contribute, connect, collaborate
5.   Base the equation of your business on customer
     centric metrics
6.   Decompose the business into its “atoms”
7.   Let people do what people are good at, and
     computers what computers are good at
8.   Thou shalt not blame technology for barriers of
     institutions and society
Break out into teams
7:40 – 8:00 Team work
• Either (1): Create a single, crisp prediction for the
  year 2020 (related to big data)
• Or (2): Describe one problem that your team
  thinks can be solved with big data. Briefly sketch
  an app that does it (specify incentives and value
  for end-user)

8:00 Each team puts up its result on one sheet of
paper on the wall
• Also hand in your questions for Q&A
• Discussion of the results
What have we learned?
• 8:20 Fireside chat (Reflections, stories, Q&A)
• 8:50 Summary and feedback by participants
• 9:00 End


Contact information:
andreas@weigend.com
US cell: +1 650 906-5906
China mobile: +86 138 1818 3800
weigend.com | socialdatalab.com

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Big Data, Smart Metrics, and Consumer Behavior

  • 1. Big Data, Smart Metrics, and Consumer Behavior Dr. Andreas Weigend and Wang Jian Shuo Shanghai, 29 December 2011 Presentation: weigend.com/files/speaking/SH_2011.12.29.pdf Recordings there as SH_2011.12.29a.mp3 and SH_2011.12.29b.mp3
  • 3. Agenda • 7:00 Welcome and brief introductions • 7:10 Keynote (30 mins, Andreas) • 7:40 Break out into teams • 8:00 Presentation of results by teams • 8:20 Fireside chat (30 mins, Jian Shuo and Andreas) • 8:50 Summary and feedback by participants • 9:00 End
  • 4. Big Data, Smart Metrics, and Consumer Behavior • (Social) Data Revolution – Mindset – Economics of communication • Allows for fast innovation through experimentation • CEO job includes to define equations of business – Customer centric metrics • Deep implications for companies – E- / me- / we-business; social commerce • Deep implications for society and individuals – E.g., identity management, data ownership, future of work
  • 5. 8 Rules for Big Data 1. Start with the problem, not with the data 2. Share data to get data 3. Align interests of all parties 4. Make it trivially easy for people to contribute, connect, collaborate 5. Base the equation of your business on customer centric metrics 6. Decompose the business into its “atoms” 7. Let people do what people are good at, and computers what computers are good at 8. Thou shalt not blame technology for barriers of institutions and society
  • 6. Break out into teams 7:40 – 8:00 Team work • Either (1): Create a single, crisp prediction for the year 2020 (related to big data) • Or (2): Describe one problem that your team thinks can be solved with big data. Briefly sketch an app that does it (specify incentives and value for end-user) 8:00 Each team puts up its result on one sheet of paper on the wall • Also hand in your questions for Q&A • Discussion of the results
  • 7. What have we learned? • 8:20 Fireside chat (Reflections, stories, Q&A) • 8:50 Summary and feedback by participants • 9:00 End Contact information: andreas@weigend.com US cell: +1 650 906-5906 China mobile: +86 138 1818 3800 weigend.com | socialdatalab.com