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Big Data - Gold panning in the information age

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Big Data - Gold panning in the information age

  1. 1. BIG DATA – Goldwäsche im Informationszeitalter Dr. Volker Stümpflen 6. November 2014 Siehe Capital Beilage 10/2014: http://issuu.com/inpactmediaverlag/docs/big_data_capital_okt2014
  2. 2. Clueda AG Fresh off the press New applications and higher profitability than coal mines 2 Angela Merkel: “Big-Data-Mining” sei so “vielleicht doch gewinnträchtiger als der Kohlebergbau”. http://www.deutschlandfunk.de/it-gipfel-merkel-mahnt-mehr-datenschutz-an.1818.de.html?dram:article_id=300957
  3. 3. Clueda AG Big Data: High Growth Market Global demand for quicker and better decisions 3 http://www.bain.com/publications/articles/big_data_the_organizational_challenge.aspx/ More likely to make decisions much faster than competitors More likely to execute decisions as intended
  4. 4. Clueda AG A Novel Industry Emerging new technologies and companies 4 Data Applications Social Media Analytics Operational Intelligence Business Intelligence Analytics Visualization IBM 7% HP 5% Dell 4% SAP 3% Teradata 3% Others 78%
  5. 5. Clueda AG Clueda Generating value from Big Data 5
  6. 6. Clueda AG 6 Pain in the Neck: LosingMillions in Seconds Due to Information Delay Faked AP Tweet: Loss of S&P 500 alone totaled $136.5 billion within six minutes !!!
  7. 7. Clueda AG The Dark Matter of Big Data Unstructured information 7  Structured Data  Standard machine processing  Unstructured Data  Hard to interpret for computers  80 - 90 % of data in financial services is unstructured[1] [1] http://www.oracle.com/us/industries/financial-services/bigdata-in-fs-final-wp-1664665.pdf
  8. 8. Clueda AG 3 Steps to Optimal Decision Making Supported by Big Data analytics 8  Read  Simplify reading and interrelation recognition  Understand  Gain knowledge through understanding  Decide  Decide based on optimized knowledge
  9. 9. Clueda AG Gold panning in the information age Relevant knowledge is the new gold Each day,  500,000 news are released  200 million tweets are posted  294 billion e-mails are sent  2 million blog posts are written But merely 1 is relevant 9
  10. 10. Clueda AG Timely decision support through cognitive computing Clueda reads and understands news in real-time 10 Real-time: 1.000 Sentences per Second (SpS) What clients have: -News -Blogs -Tweets -Emails -Pdfs -Word -Databases … What clients get: REAL-TIME EVENT DETECTION What our engine does: -Detects events -Eliminates duplicates -Evaluates sentiment -Generates alerts -Establishes associations -Understands concepts -…
  11. 11. Clueda AG Cognitive Understanding Based on 10+ years of research in systems biology and cognitive computing 11 Linguistics and event detection  Never miss a business relevant event. Be the first to know and act.  Clueda.Engine can find the events of your interest, e.g. company mergers, CEO resignation and rumors. Pfizer FDA Approval wins FDA approval event
  12. 12. Clueda AG Knowledge Networks Inspired by the human brain 12 Apple Samsung verklagt beliefert HP beliefert Tim Cook ist CEO Canon beliefert Cirrus Logic beliefert beliefert China Seltene Erden beliefert kontrolliert benötigt In collaboration with
  13. 13. Clueda AG 13  Challenge: Obtention of market moving information in real-time  Solution: Real-time analysis of unstructured information to retrieve: • Events • Sentiments • Trends  Benefit: Get the decision relevant information in real-time, faster than competitors; act quick and take profits Solutions Financial Services & Banking Current clients The positive effect on the income statement is estimated to be € 2 million. Current prospects
  14. 14. Clueda AG 14  Challenge: • Securities regulations in the U.S FINRA & SEC  Solution: • Analyze mail and chat streams • Multiple search-options • Define alerts and events • Dashboard with statistic features • Fraud triangle  Benefit: • Be compliant and act preventively through events/alerts • Prevent penalties • Detect frauds Solutions Compliance ($7.5 billion market in 2018*) Current prospects In negotiations for strategic cooperation with *Source: Markets & Markets
  15. 15. Clueda AG FromBig Data to Relevance New applications and higher profitability than coal mines  Increasing investments in Big Data  Real-time relevance is key to unlocking value  Dark matter and the big challenge  Understanding unstructured data  Successful applications  Portfolio monitoring  Compliance  Cognitive computing  Predictive analytics 15
  16. 16. Clueda AG Dr. Volker Stümpflen CEO T +49 89 4161402 10 M +49 176 57288282 v.stuempflen@clueda.com Clueda AG Elsenheimerstraße 59 D-80687 München www.clueda.com 16 Contact Selected References

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