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Bigit Keynote - Big Data & Critical Thinking
The presentation emphasizes the importance of asking the right questions and measuring the correct data to derive actionable insights, noting that data itself is often useless without action. It highlights various use cases for data in different sectors, suggesting that while data acquisition is easy, obtaining the right insights and monetizing them is challenging. Ultimately, the document argues that impactful data is essential for achieving sustainable competitive advantage.
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Bigit Keynote - Big Data & Critical Thinking
- 1. LutzFinger.com Big Data &Critical Thinking Sep 2016 Twitter: @LutzFinger Snapchat: LutzFinger
- 2. LutzFinger.com Disclaimer This presentation issolemnly my own opinion and does not necessarily represent the opinion of my employers.
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- 4. LutzFinger.com I was notalone…
- 5. LutzFinger.com ASK the rightQuestions. MEASURE the right data – even if it is not Big data. Take Actions and LEARN from them. ?
- 6. LutzFinger.com They Knew HowTo Make Money
- 7. LutzFinger.com Google had theRight Question Leading to the Right Data But They Had Not The Right Data
- 8. LutzFinger.com ASK the rightQuestions. MEASURE the right data – even if it is not Big data. Take Actions and LEARN from them. ?
- 9. LutzFinger.com Harper Reed, CTOat Obama for America BIG DATA IS “BULLSHIT”
- 10. LutzFinger.com To Get Datais EASY To Get The Right Data is HARD To Get Insights is EASY To Make Money of Data/Insights is HARD
- 11. LutzFinger.com SCHOOLSCOMPANIES KNOWLEDGESKILLSMEMBERS JOBS LinkedIn'svision is to create economic opportunity for every member of the global workforce.
- 12. LutzFinger.com The Right Data- But ... 300+ Million Member at LinkedIn 60.000 with a Job Title that might fit 19.000 who switched after 3 to 8 years 24 who had the same career path
- 13. LutzFinger.com Describing Skills Source: WorldEconomic Forum - Human Capital Report 2016
- 14. LutzFinger.com Talent On TheMove Source: World Economic Forum - Human Capital Report 2016
- 15. LutzFinger.com Data by itself is USELESS Informationby itself is often USELESS Only Action Counts! Data Reporting prescriptive, predictive, actionable, data science … the holy grail
- 16. LutzFinger.com Data Business Cases. • Banking: Card Fraud Detection • Banking: Credit Scoring • Media: Content Recommendation • HR: Online Recruiting • Health Care: Fraud Detection • Medicine: Image Processing • Medicine: Outliers Detection • Education: Course Improvement • Retail: Likelihood to Buy • Books: Marketing Planning • Manufacturing: Machine Failure Prediction • Manufacturing: Optimization • Insurance: Likelihood & Pricing • Transportation: Route Planning • Energy: Grid Utilization
- 17. LutzFinger.com Everyone Tries …Many Just Start Volum n ofD ataBusiness C aseAdvanced ?
- 18. LutzFinger.com Measure / Datais essential. ● Impactful ● Access ● Competitive ● Sustainable
- 19. LutzFinger.com “Data is thenew oil” - World Economic Forum Photo by William Warby under the Creative Commons (CC BY 2.0)
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- 21. LutzFinger.com Photo by KOMUnewsunder the Creative Commons (CC BY 2.0)
- 22. LutzFinger.com Data Might (Not)Be A Barrier To Enter
- 23. LutzFinger.com Data Might (Not)Be A Barrier To Enter
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- 25. LutzFinger.com How Many PointsFor A Line?
- 26. LutzFinger.com Summary THE ASK isthe hardest part, but there are many use-cases to get started. ? Take Actions and LEARN with the Right Team and the Right Timing. MEASURE / DATA is essential. Data needs to create an impact as well as a sustainable competitive advantage.
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