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#XT2018
#DataDriven
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
InvestorsStartup
Corporate
INVESTMENTS
CAPABILITIES
INNOVATION ADVISORY
VALIDATED
STARTUPS
COMMUNITY
WHO ARE YOU KIDDO?
Michele Giordani
Managing Partner & Founder @ GELLIFY
- Grown fast in business
- Stopped being a data scientist nerd (almost!)
- Founded my own start up
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Data driven businesses
A path to decisions through facts
Data Resistant
Organization actively resists to data, tracking and KPIs
Data Aware
Organization perceive data as a necessary evil
Data Champions
Parts of the organization rely on Data to hit goals
Data Savvy
Organization can’t make decisions if proof (data) is not
available
Data Driven
Organization plans based on data and act in order to
possess peculiar kind of data
Database & reports
Process automation via
analytics
Decision support
systems
Data experiments
5
Text4
3
2
1
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
SIZE DOES NOT MATTER
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
5 Key Success Factors to become a Data -Driven Company
…and any other project
1. Defining a clear vision for the role of data in business
2. Top management commitment
3. Having key data stakeholders engaged in the project
4. Creating a visible business case, then scaling it
5. Circulating data wisdom throughout the organization
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
EVEN THE SMALLER
DATA WORK
IMPLIES ITERATION
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
1. People
• Teach how to read data
• Readability of analysis is an
evaluation metric
• Force data storytelling
• Celebrate the insight which led
to successful decisions
Common data (facts) culture
How to become data driven
Which dimensions, what to do
2. Processes
• A goal always need a KPI
• If no one is tracking progress,
you have no process
• Do not mix insight production
and insight usage
Eliminate the Mr. Wolf Data
Scientist
3. Technicalities
• Don’t try to start by merging
data
• Iterate a data-driven process
three time before sofisticating
• Once the question is totally
clear and specific, use AI
Don’t use a Ferrari to move an
IKEA PAX
Dimension
Activities
Goal
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Not mixing process
Producing insights
FRAMING THE PROBLEM
Access
data
Define the question
UNDERSTANDING DATA BLACK MAGIC
Interpretable
Relevant
Uninterpretable
Irrelevant
Too expensive
Insight
production
Extract signal
and interpret
Slide and dice
Insight design
Signal Noise
Are performances good enough?
Can we access additional sources?
Use insight to
take action!
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
A data business is a business whose
competitive advantage depends on a
data generating process
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Data businesses
Which are and which are not
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Data businesses
Which are and which are not
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
Data businesses
Which are and which are not
Monetization &
new businesses
Product/service
differentiation
Achieve cost
leadership
Next generation
CRM
Fare clic per modificare lo stile del titolo
RAZIE
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
www.gellify.com
info@gellify.com
GRAZIE
Copyright © 2018 GELLIFY S.p.A. All rights reserved.
www.gellify.com
info@gellify.com
SHALL WE
MEET AGAIN?
PARTNER

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Data-Driven Business vs. Data businesses - presentazione di Michele Giordani

  • 1. #XT2018 #DataDriven Copyright © 2018 GELLIFY S.p.A. All rights reserved.
  • 2. Copyright © 2018 GELLIFY S.p.A. All rights reserved. InvestorsStartup Corporate INVESTMENTS CAPABILITIES INNOVATION ADVISORY VALIDATED STARTUPS COMMUNITY WHO ARE YOU KIDDO? Michele Giordani Managing Partner & Founder @ GELLIFY - Grown fast in business - Stopped being a data scientist nerd (almost!) - Founded my own start up
  • 3. Copyright © 2018 GELLIFY S.p.A. All rights reserved. Data driven businesses A path to decisions through facts Data Resistant Organization actively resists to data, tracking and KPIs Data Aware Organization perceive data as a necessary evil Data Champions Parts of the organization rely on Data to hit goals Data Savvy Organization can’t make decisions if proof (data) is not available Data Driven Organization plans based on data and act in order to possess peculiar kind of data Database & reports Process automation via analytics Decision support systems Data experiments 5 Text4 3 2 1
  • 4. Copyright © 2018 GELLIFY S.p.A. All rights reserved. SIZE DOES NOT MATTER
  • 5. Copyright © 2018 GELLIFY S.p.A. All rights reserved. 5 Key Success Factors to become a Data -Driven Company …and any other project 1. Defining a clear vision for the role of data in business 2. Top management commitment 3. Having key data stakeholders engaged in the project 4. Creating a visible business case, then scaling it 5. Circulating data wisdom throughout the organization
  • 6. Copyright © 2018 GELLIFY S.p.A. All rights reserved. EVEN THE SMALLER DATA WORK IMPLIES ITERATION
  • 7. Copyright © 2018 GELLIFY S.p.A. All rights reserved. 1. People • Teach how to read data • Readability of analysis is an evaluation metric • Force data storytelling • Celebrate the insight which led to successful decisions Common data (facts) culture How to become data driven Which dimensions, what to do 2. Processes • A goal always need a KPI • If no one is tracking progress, you have no process • Do not mix insight production and insight usage Eliminate the Mr. Wolf Data Scientist 3. Technicalities • Don’t try to start by merging data • Iterate a data-driven process three time before sofisticating • Once the question is totally clear and specific, use AI Don’t use a Ferrari to move an IKEA PAX Dimension Activities Goal
  • 8. Copyright © 2018 GELLIFY S.p.A. All rights reserved. Not mixing process Producing insights FRAMING THE PROBLEM Access data Define the question UNDERSTANDING DATA BLACK MAGIC Interpretable Relevant Uninterpretable Irrelevant Too expensive Insight production Extract signal and interpret Slide and dice Insight design Signal Noise Are performances good enough? Can we access additional sources? Use insight to take action!
  • 9. Copyright © 2018 GELLIFY S.p.A. All rights reserved. A data business is a business whose competitive advantage depends on a data generating process
  • 10. Copyright © 2018 GELLIFY S.p.A. All rights reserved. Data businesses Which are and which are not
  • 11. Copyright © 2018 GELLIFY S.p.A. All rights reserved. Data businesses Which are and which are not
  • 12. Copyright © 2018 GELLIFY S.p.A. All rights reserved. Data businesses Which are and which are not Monetization & new businesses Product/service differentiation Achieve cost leadership Next generation CRM
  • 13. Fare clic per modificare lo stile del titolo RAZIE Copyright © 2018 GELLIFY S.p.A. All rights reserved. www.gellify.com info@gellify.com GRAZIE Copyright © 2018 GELLIFY S.p.A. All rights reserved. www.gellify.com info@gellify.com SHALL WE MEET AGAIN?