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Big Data for the Little Guy

        Brad Smith
      President and CEO
New Research on Big Data



    Intuit 2020 Report: The New Data Democracy
 How Big Data Will Revolutionize the Lives of Small Business and Consumers




                                      •  Authored by Steve King and Carolyn
                                         Ockels, Emergent Research


                                      •  Methodology: Mix of research and
                                         forecast methods


                                      •  Released 12/14/12
•    Explosive tech growth fueling a data revolution.

•    Global volume of digital data to increase 40-fold.

•    Access to cheap, sophisticated, data-powered tools &
     systems give consumers & small businesses an edge.

•    Data quickly becoming a new type of vital raw material.
•  Drives decision-making.

•  Tasks delegated to digital concierges.

•  Creates new market transparency that
   radically alters how business is done.

•  Will build a stronger community.
•  Levels the playing field.

•  Will bring back the level of
   personal service.

•  Creates opportunities for new &
   existing small businesses.

•  Sensors, smart machines will
   help do the work.
Research Summary



             The New Data Democracy
             Data will become a new vital raw material




             Data Empowers Consumers
             Data will help people navigate modern life




             Data Drives Main Street Digital
             New rules emerge for being smart in small business
•  Data-driven insights empower people to save time and
   money and make meaningful changes in their lives.

•  Small businesses now have access to insights that were
   once only available to big, multi-million dollar companies.

•  Data and data-driven insights are the fuel of the 21st
   Century global economy.
Intuit is a Leader in this Trend

  Entrusted with the collective data of our 60 million customers…
  45 million using connected services.


  Applying Intuit’s core capabilities, the secret sauce that has made
  Intuit a trusted global brand.

        Customer Driven Innovation      Design for Delight




  All of Intuit’s data-driven innovations are built on a strong
  foundation of privacy, security and customer choice.
Data a Pillar of our Growth Strategy
Improving Our Customers’ Financial Lives So Profoundly…


                                   Small
                                 Businesses


                 Accountants                    Employees




               Financial
                                                    Consumers
              Institutions




                 Government                      Suppliers


                                 Developers




                       Delivering awesome product experiences
Improving Our Customers’ Financial Lives So Profoundly…


                                    Small
                                  Businesses


                 Accountants                      Employees




               Financial
                                                      Consumers
              Institutions




                 Government                        Suppliers


                                  Developers




                       Delivering awesome product experiences

                       Enabling the contributions of others
Improving Our Customers’ Financial Lives So Profoundly…


                                    Small
                                  Businesses


                 Accountants                      Employees




               Financial
                                                         Consumers
              Institutions




                 Government                           Suppliers
                                                                     More than $2.4B
                                                                       in savings
                                  Developers                            identified



                       Delivering awesome product experiences

                       Enabling the contributions of others

                       Using data to create delight
Improving Our Customers’ Financial Lives So Profoundly…


                                                Small
                                              Businesses


                             Accountants                      Employees




                           Financial
                                                                     Consumers
                          Institutions




                             Government                           Suppliers
Help customers obtain
     capital faster
                                              Developers

Help lenders make more
informed risk decisions
                                   Delivering awesome product experiences

                                   Enabling the contributions of others

                                   Using data to create delight
Improving Our Customers’ Financial Lives So Profoundly…


                                   Small
                                 Businesses


                Accountants                      Employees




                FIs                                     Consumers




                   Gov’t                             Suppliers


                                 Developers




                      Delivering awesome product experiences

                      Enabling the contributions of others

                      Using data to create delight

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Big Data for the Little Guy - Brad Smith Data Roundtable

  • 1. Big Data for the Little Guy Brad Smith President and CEO
  • 2. New Research on Big Data Intuit 2020 Report: The New Data Democracy How Big Data Will Revolutionize the Lives of Small Business and Consumers •  Authored by Steve King and Carolyn Ockels, Emergent Research •  Methodology: Mix of research and forecast methods •  Released 12/14/12
  • 3. •  Explosive tech growth fueling a data revolution. •  Global volume of digital data to increase 40-fold. •  Access to cheap, sophisticated, data-powered tools & systems give consumers & small businesses an edge. •  Data quickly becoming a new type of vital raw material.
  • 4. •  Drives decision-making. •  Tasks delegated to digital concierges. •  Creates new market transparency that radically alters how business is done. •  Will build a stronger community.
  • 5. •  Levels the playing field. •  Will bring back the level of personal service. •  Creates opportunities for new & existing small businesses. •  Sensors, smart machines will help do the work.
  • 6. Research Summary The New Data Democracy Data will become a new vital raw material Data Empowers Consumers Data will help people navigate modern life Data Drives Main Street Digital New rules emerge for being smart in small business
  • 7. •  Data-driven insights empower people to save time and money and make meaningful changes in their lives. •  Small businesses now have access to insights that were once only available to big, multi-million dollar companies. •  Data and data-driven insights are the fuel of the 21st Century global economy.
  • 8. Intuit is a Leader in this Trend Entrusted with the collective data of our 60 million customers… 45 million using connected services. Applying Intuit’s core capabilities, the secret sauce that has made Intuit a trusted global brand. Customer Driven Innovation Design for Delight All of Intuit’s data-driven innovations are built on a strong foundation of privacy, security and customer choice.
  • 9. Data a Pillar of our Growth Strategy
  • 10. Improving Our Customers’ Financial Lives So Profoundly… Small Businesses Accountants Employees Financial Consumers Institutions Government Suppliers Developers Delivering awesome product experiences
  • 11. Improving Our Customers’ Financial Lives So Profoundly… Small Businesses Accountants Employees Financial Consumers Institutions Government Suppliers Developers Delivering awesome product experiences Enabling the contributions of others
  • 12. Improving Our Customers’ Financial Lives So Profoundly… Small Businesses Accountants Employees Financial Consumers Institutions Government Suppliers More than $2.4B in savings Developers identified Delivering awesome product experiences Enabling the contributions of others Using data to create delight
  • 13. Improving Our Customers’ Financial Lives So Profoundly… Small Businesses Accountants Employees Financial Consumers Institutions Government Suppliers Help customers obtain capital faster Developers Help lenders make more informed risk decisions Delivering awesome product experiences Enabling the contributions of others Using data to create delight
  • 14. Improving Our Customers’ Financial Lives So Profoundly… Small Businesses Accountants Employees FIs Consumers Gov’t Suppliers Developers Delivering awesome product experiences Enabling the contributions of others Using data to create delight