David Feinleib's Big Data Trends presentation from the World Future Society's Annual Conference, WorldFuture 2015, held at the Hilton Union Square, San Francisco, California July 25, 2015.
2. Actionable Insights From Big Data
My Background
! Managing Partner, The Big Data Group
! Author of Big Data Demystified and Big Data
Bootcamp
! Producer of The Big Data Landscape
! Serial entrepreneur with acquisitions by
Keynote, HP and EMC
! CEO & Founder, Content Analytics, a leader in
E-Commerce analytics
! General Partner, Mohr Davidow Ventures
! Group Program Manager, Microsoft
My Background
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3. Actionable Insights From Big Data
Agenda
• Big Data Overview
• The Big Data Landscape
• Big Data Industry Transformation
• Case Studies
• Big Data Futures
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4. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
THE BIG DATA LANDSCAPE
Actionable Insights From Big Data
6. Actionable Insights From Big Data
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64%
of companies
planned to fund a
Big Data Project in
2013 with more
than $1M
GOOD INTENTIONS:
[Gartner 2012]
85%
of the Fortune 500
still won’t be able
to use Big Data for
competitive
advantage in 2015
REALITY:
[Gartner 2012]
35%
Shortfall in data-savvy
workers needed to make
sense out of
big data by 2018
PEOPLE:
[McKinsey 2011]
Big Data Challenges + Opportunities
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12. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
BIG DATA DEFINED
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13. Actionable Insights From Big Data
The ThreeV’s
• Volume: The amount of data
• Variety: Different types of data
• Velocity: Speed of processing the data
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15. Actionable Insights From Big Data
"Big data is data that exceeds the processing
capacity of conventional database systems. The
data is too big, moves too fast, or doesn’t fit the
strictures of your database architectures. To gain
value from this data, you must choose an
alternative way to process it.”
- Ed Dumbill, O’Reilly
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19. Actionable Insights From Big Data
Facebook
Users
In Millions
0
350
700
1050
1400
Aug-04 Feb-07 Jul-09 Jan-12 Jun-14
Sources: benphoster.com, statista.com, Facebook newsroom
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20. Actionable Insights From Big Data
Big Data: By The Numbers
• Walmart handles 1M transactions per hour
• Google processes 24PB of data per day
• AT&T transfers 30PB of data per day
• 90 trillion emails are sent per year
• World of Warcraft uses 1.3PB of storage
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21. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
BIG DATA INDUSTRY TRANSFORMATION
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22. Actionable Insights From Big Data
Transformation of Retail
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Sales
Data driven pricing and
recommendations
THEN... NOW...
Image: webdesignerdepot.com
23. Actionable Insights From Big Data
Transformation of Financial Services
THEN... NOW...
Manual
trading
Automated, high
frequency trading
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24. Actionable Insights From Big Data
Chart: Zendesk
Transformation of Customer Service
THEN... NOW...
Unhappy
customers
Customer insight
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25. Actionable Insights From Big Data
Transformation of Online Marketing
Company First Last Oppty Created
Acme Fred Langan $250K 6/08/12
BigCo Tom Jones $100K 6/17/12
DealCo Jan Sedor $50K 7/01/12
Stor Works Liza Grear $750K 7/14/12
RF Group Carl Tomer $47K 7/18/12
Leads
Marketing and Sales
Recommendations
THEN... NOW...
Campaign
Recommendations
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26. Actionable Insights From Big Data
Transformation of Transportation
THEN... NOW...
You Drive You’re Driven
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27. Actionable Insights From Big Data
Transformation of Cities
THEN... NOW...
Traditional
infrastructure
Smart meters,
smart transport,
data driven city design
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28. Actionable Insights From Big Data
Transformation of Health + Fitness
THEN... NOW...
Manual
tracking
Goals +
measurement
Images:Azumio, DrChrono, Fitbit, Garmin, Nike
Walk 45 minutes
Smoothie
Lift weights 20 minutes
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29. Actionable Insights From Big Data
Transformation of Education
THEN... NOW...
Linear learning
Adaptive learning
Images: Khan Academy,
Knewton, Michigan
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30. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
THE BIG DATA CYCLES
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31. Actionable Insights From Big Data
The Big Data Cycle
1) Consumer scale and
speed requirements have
introduced new
technologies that have
increased the efficiency of
using Big Data
2) This increased efficiency
is leading to adoption of Big
Data across a wide variety
of industries
3) This results in the
generation and
consumption of more
data
1
2
3
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32. Actionable Insights From Big Data
Big Data Technology: Hadoop + MapReduce
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Source: Apache Software Foundation
33. Actionable Insights From Big Data
Big Data: Shift From Technology To Information
20101990 INFORMATION
TECHNOLOGY
Commodity
Competitive
Advantage
Commodity
Competitive
Advantage
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34. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
VISUALIZATION: GIVING MEANING TO DATA
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35. Actionable Insights From Big Data
Visualization Futures
• Visualization makes Big Data accessible to a
much broader group of users
• Interactive visualizations will be expected
• Visualization will become the standard way
to interact with data
• The sharing nature of social media is
making it easier and more important than
ever to present data visually
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42. Actionable Insights From Big Data
• OpenXC is Ford’s open hardware, open software
platform for getting real-time data from your vehicle
• You can think of OpenXC as an application
programming interface (API) for your car
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The Platform
46. Actionable Insights From Big Data
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➔ Network data
➔ Service data
➔ Subscriber data
BIG DATA SOURCES
400%
market growth expected in
the communications sector
for big data
technology.*
*ARI BANERJEE, HEAVY READING, JANUARY 2014
➔ Churn management
➔ Customer experience management
➔ Handset analysis
➔ Roaming management
➔ Revenue management
➔ Interconnect billing verification
➔ Content settlement assurance
BIG DATA USE CASES
Big Data For Telecommunications
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47. Actionable Insights From Big Data
• Business Goal: Churn reduction
• Predict those most likely to churn & execute proactive retention campaign
• Analytic Technique: Behavioral analysis
• Identify correlations between demographics,
usage locations, call experience &
consumer behavior
• Big Data Sources: OSS & BSS
• Call Detail Record Data in Hadoop
• Subscriber Details stored in Database
Business Opportunity: Churn Reduction
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48. Actionable Insights From Big Data
• Connected car: Platform approach
• Marketing analytics: Faster iterations
• Telecom: Identifying customers at risk for churn
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Case Studies Summary
49. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
BIG DATA 2025
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50. 50
Web Browser Market Share
“Increased Accessibility has Created an Expectation that
Millennials Can Have Whatever They Want Whenever They Want It”
Sources: http://thenextweb.com/entrepreneur/2014/03/29/meet-millennials-consumers-change-marketing-landscape/2/
http://www.edelman.com/news/study-finds-millennial-generations-power-to-influence-is-increasing/
forbes.com
Millennials are the first generation
to grow up inherently digital
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It took 19 years (1994-2013) for E-Comm Sales to Exceed $1T
But Only ThreeYears to Nearly Double That ($2T)
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Web Browser Market Share
Next Generation of Sharing Economy
• eBay made trusting strangers
possible
• Amazon, Apple and Paypal
made it safe to do business
online
• Apple and Google provided
GPS and Internet phones to
make us reachable + findable
• Facebook makes it more likely
that people are who they say
they are
Now the next generation of the
sharing economy is being built
on top of those foundations
54. Actionable Insights From Big Data
• Small Data the New Big Data
• Internet of Things (IoT) — Connected World
• Self-Driving Car
• E-Commerce Efficiency
• Next Generation of Sharing Economy
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Big Data 2025 — Driven by Consumer Demand
55. Actionable Insights From Big Data
METADATA GROUPMETADATA GROUP
FOR MANY COMPANIES,
THE BEST OF BIG DATA IS STILL AHEAD
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56. Actionable Insights From Big Data
Contact Information
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David Feinleib
dave@thebigdatagroup.com