The document discusses 3 ways that organizations can use data-driven innovation to improve performance: 1) business process optimization through strategic alignment, automation, and risk mitigation; 2) enhanced customer intimacy by improving customer satisfaction, loyalty, and upselling; and 3) product and service innovation such as reducing costs, creating new revenue streams, and enabling open government collaboration. The role of finance is expanding to provide strategic insights and CFOs need skills in areas beyond finance like IT and commercial skills. Data-driven innovation is an opportunity for the finance function.
From insight to action - data analysis that makes a difference! - Heena JethwaIBM SPSS Denmark
Presentation from an IBM Business Analytics seminar, held the 22th of november 2012 at IBM Client Center Nordic.
Description:
Global competition has increased, and the need to meet customer demands has never been more important. It is essential that all parts of the company work efficiently to achieve success. IBM SPSS Predictive Analytics can help you increase efficiency and reduce costs at every stage of your operational processes. Predictive Analytics helps your organization to capture structured and textual data, so you can better manage its assets, maintain the infrastructure and capital equipment, as well as maximize the performance of your people, processes and assets.
Heena Jethwa, Program Director - Predictive Analytics Market Strategy, IBM
Fully embracing a BI tool can mean the difference between the full payoff of your data analytics and returns that are just so-so. Learn how to avoid BI pitfalls and boost BI adoption to become a truly data driven organisation.
Becoming Data-Driven Through Cultural ChangeCloudera, Inc.
We've arrived at a crossroads. Big data is an initiative every business knows they should take on in order to evolve their business, but no one knows how to tackle the project.
This is the first in a series of webinars that describe how to break down the challenge into three major pieces: People, Process, and Technology. We'll discuss the industry trends around big data projects, the pitfalls with adopting a modern data strategy, and how to avoid them by building a culture of data-driven teams.
Is your big data journey stalling? Take the Leap with Capgemini and ClouderaCloudera, Inc.
Transitioning to a Big Data architecture is a big step; and the complexity of moving existing analytical services onto modern platforms like Cloudera, can seem overwhelming.
From insight to action - data analysis that makes a difference! - Heena JethwaIBM SPSS Denmark
Presentation from an IBM Business Analytics seminar, held the 22th of november 2012 at IBM Client Center Nordic.
Description:
Global competition has increased, and the need to meet customer demands has never been more important. It is essential that all parts of the company work efficiently to achieve success. IBM SPSS Predictive Analytics can help you increase efficiency and reduce costs at every stage of your operational processes. Predictive Analytics helps your organization to capture structured and textual data, so you can better manage its assets, maintain the infrastructure and capital equipment, as well as maximize the performance of your people, processes and assets.
Heena Jethwa, Program Director - Predictive Analytics Market Strategy, IBM
Fully embracing a BI tool can mean the difference between the full payoff of your data analytics and returns that are just so-so. Learn how to avoid BI pitfalls and boost BI adoption to become a truly data driven organisation.
Becoming Data-Driven Through Cultural ChangeCloudera, Inc.
We've arrived at a crossroads. Big data is an initiative every business knows they should take on in order to evolve their business, but no one knows how to tackle the project.
This is the first in a series of webinars that describe how to break down the challenge into three major pieces: People, Process, and Technology. We'll discuss the industry trends around big data projects, the pitfalls with adopting a modern data strategy, and how to avoid them by building a culture of data-driven teams.
Is your big data journey stalling? Take the Leap with Capgemini and ClouderaCloudera, Inc.
Transitioning to a Big Data architecture is a big step; and the complexity of moving existing analytical services onto modern platforms like Cloudera, can seem overwhelming.
Webinar given by Andrew Hudson for the Benefits Management SIG 16th March 2016. You will learn
HOW ORGANISATIONS WORK - One way of looking at it
WHAT ARE SOME OF THE CAUSES OF BENEFITS REALISATION FAILURE?
BEING CLEAR ON OUR STRATEGY - NHS
BEING MORE OBJECTIVE AT PROJECT DECISIONS
VALUE IS THE OVERRIDING PURPOSE OF A PROJECT …not Deadlines and Budgets
ESTABLISH BENEFITS MEASUREMENT AS A CLOSED LOOP
ESTABLISH PROCESS MANAGEMENT PRACTICES …To manage change and benefits realisation
DISCOVER & SHARE THE MEASURES THAT MATTER
global Venture funding and start up data : top 10 chartsSumit Roy
2015 VC FUNDING HITS ALL-TIME HIGH. ENDS WITH PULLBACK.
Multi-year highs in funding: Globally, funding to VC-backed companies in 2015 hit an all-time high of $128.5B, up 44 percent versus 2014’s total of $89.4B.
Deals see steep decline: Large deals were the headline of 2015, largely driving the funding trends and leaving deal activity to fall for the final 2 quarters, including Q4’15, which saw just 1742 deals, the lowest quarterly total since Q1’13.
Marketing Analytics: Data Quality, Data Matching & Marketing MetricsSenturus
Connect your sales and marketing systems to accurately profile and track your customers. View the webinar video recording and download this deck: http://www.senturus.com/resources/holy-grail-marketing-analytics/.
If you’re like many companies, you struggle to connect your sales and marketing systems and are frustrated by the inability to accurately profile and track your customers. Closing the loop to connect the two silo'd systems is easier to achieve than you may realize. Learn to use the right tools and maximize your expertise to easily surface critical marketing metrics to: 1) Measure return on marketing investment, 2) Know your customer lifetime value and 3) Optimize your marketing and sales funnels based on profit per marketing dollar.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources/.
GT Events & Program Guide: ForwardThinking August/September 2017Grant Thornton LLP
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Account-Based Marketing: Scaling B2B’s New Strategy with Marketo & LatticeMarketo
In this presentation deck, you'll learn how your organization can:
- Accelerate sales with deep insights using account-based marketing
- Launch a strategy targeting high-value accounts to scale
- Leverage data to personalize web content for anonymous visitors
- Gather best practices from a customer case study on how to increase conversions and accelerate deals with the Lattice Predictive Marketing Platform and Marketo
4 Leadership Shifts You Must Make For Successful Content Marketing in 2016Kyle Lacy
Presentation given at the Content2Conversion conference in Scottsdale, AZ on 2/16/2016. There are four shifts that must happen for content marketers to be successful in 2016.
1. Build the right team.
2. Create better thought leadership.
3. Internal activation is almost more important than external.
4. Learn the important unit economics of your business.
The global management consulting services market was valued at around $751 billion in 2017. North America was the largest region in the management consulting services market
Building an Effective Business Case in a Real Practical World? | Alexander LumLavaConConference
Can’t get funding for your key Content Development Strategic initiative?
Business case is an integral part of the planning and securing funds/resources for your initiatives. It becomes more important as the cost and complexity of the project increases.
Why your proposal to proceed is DEAD before it even gets off the ground; perhaps due to poor business case?
Alexander will discuss an alternative way beside typical ROI business case to obtain funding for your key content development strategy initiative.
The Business Case provides evidence that the project is a good investment.
The attendees will learn:
– How to make your Business Case properly?
– Why do you need a Business Case?
– When should you write a Business Case?
– What is in a Business Case?
– What angle should you consider for your Strategic Business Case?
– How Your Ecosystem impact your Business Case?
– What is Important to consider in your research data analysis?
– What do you need to consider gaining corporate backing and budget?
At the end of this session, you will gain some insights on some elements that you will need to consider for an effective Business Case that matches the purpose and the funding to secure your Strategic Initiatives.
In short, an effective business case justifies:
– Why a project should be undertaken,
– Why a stakeholder partner should invest in it, and
– Why the project represents a worthy expenditure of funds.
Research reveals: How to effectively manage sales compensationAnaplan
Sales compensation commands plenty of the sales organization’s energy and attention. An organization’s ability to design, adapt, administer, and communicate their sales compensation plans is therefore a significant management concern.
This webcast will present findings from recently concluded Sales Management Association (SMA) research on how to better manage sales compensation. The research examines current compensation management practices, and identifies emerging issues and management priorities, including:
Factors responsible for effective sales compensation management
Sales management’s critical issues and improvement priorities
Emerging capabilities essential for effective plan administration
Sales compensation management’s impact on overall performance
Compensation management technology trends and ROI
This is an introduction to competitive intelligence, which includes definition, 5 flavors of competitive intelligence, some analytic tools like SWOT, STEEP, BCG, The Radar Screen, and Win Loss Analysis. Also includes some competitive intelligence books for those beginning in the field.
Subscribe to our newsletter and get our list of over 200 competitive intelligence and marketing books with links to Amazon: http://bit.ly/NHOCqM
Including our latest book, "Win/Loss Analysis: How to Capture and Keep the Business You Want." http://amzn.to/297Mrxl
CAWA 2016: How You Can Benefit from Aftermarket Consolidationmarxgroupadvisors
Presented at the CAWA leadership conference that was held in Napa, Calif. The informative session was extremely well received by an audience of distributors and suppliers, especially in light of constant consolidation activity facing leaders in the aftermarket, and a current business environment that is driving M&A activities to all-time high levels.
Webinar given by Andrew Hudson for the Benefits Management SIG 16th March 2016. You will learn
HOW ORGANISATIONS WORK - One way of looking at it
WHAT ARE SOME OF THE CAUSES OF BENEFITS REALISATION FAILURE?
BEING CLEAR ON OUR STRATEGY - NHS
BEING MORE OBJECTIVE AT PROJECT DECISIONS
VALUE IS THE OVERRIDING PURPOSE OF A PROJECT …not Deadlines and Budgets
ESTABLISH BENEFITS MEASUREMENT AS A CLOSED LOOP
ESTABLISH PROCESS MANAGEMENT PRACTICES …To manage change and benefits realisation
DISCOVER & SHARE THE MEASURES THAT MATTER
global Venture funding and start up data : top 10 chartsSumit Roy
2015 VC FUNDING HITS ALL-TIME HIGH. ENDS WITH PULLBACK.
Multi-year highs in funding: Globally, funding to VC-backed companies in 2015 hit an all-time high of $128.5B, up 44 percent versus 2014’s total of $89.4B.
Deals see steep decline: Large deals were the headline of 2015, largely driving the funding trends and leaving deal activity to fall for the final 2 quarters, including Q4’15, which saw just 1742 deals, the lowest quarterly total since Q1’13.
Marketing Analytics: Data Quality, Data Matching & Marketing MetricsSenturus
Connect your sales and marketing systems to accurately profile and track your customers. View the webinar video recording and download this deck: http://www.senturus.com/resources/holy-grail-marketing-analytics/.
If you’re like many companies, you struggle to connect your sales and marketing systems and are frustrated by the inability to accurately profile and track your customers. Closing the loop to connect the two silo'd systems is easier to achieve than you may realize. Learn to use the right tools and maximize your expertise to easily surface critical marketing metrics to: 1) Measure return on marketing investment, 2) Know your customer lifetime value and 3) Optimize your marketing and sales funnels based on profit per marketing dollar.
Senturus, a business analytics consulting firm, has a resource library with hundreds of free recorded webinars, trainings, demos and unbiased product reviews. Take a look and share them with your colleagues and friends: http://www.senturus.com/resources/.
GT Events & Program Guide: ForwardThinking August/September 2017Grant Thornton LLP
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Account-Based Marketing: Scaling B2B’s New Strategy with Marketo & LatticeMarketo
In this presentation deck, you'll learn how your organization can:
- Accelerate sales with deep insights using account-based marketing
- Launch a strategy targeting high-value accounts to scale
- Leverage data to personalize web content for anonymous visitors
- Gather best practices from a customer case study on how to increase conversions and accelerate deals with the Lattice Predictive Marketing Platform and Marketo
4 Leadership Shifts You Must Make For Successful Content Marketing in 2016Kyle Lacy
Presentation given at the Content2Conversion conference in Scottsdale, AZ on 2/16/2016. There are four shifts that must happen for content marketers to be successful in 2016.
1. Build the right team.
2. Create better thought leadership.
3. Internal activation is almost more important than external.
4. Learn the important unit economics of your business.
The global management consulting services market was valued at around $751 billion in 2017. North America was the largest region in the management consulting services market
Building an Effective Business Case in a Real Practical World? | Alexander LumLavaConConference
Can’t get funding for your key Content Development Strategic initiative?
Business case is an integral part of the planning and securing funds/resources for your initiatives. It becomes more important as the cost and complexity of the project increases.
Why your proposal to proceed is DEAD before it even gets off the ground; perhaps due to poor business case?
Alexander will discuss an alternative way beside typical ROI business case to obtain funding for your key content development strategy initiative.
The Business Case provides evidence that the project is a good investment.
The attendees will learn:
– How to make your Business Case properly?
– Why do you need a Business Case?
– When should you write a Business Case?
– What is in a Business Case?
– What angle should you consider for your Strategic Business Case?
– How Your Ecosystem impact your Business Case?
– What is Important to consider in your research data analysis?
– What do you need to consider gaining corporate backing and budget?
At the end of this session, you will gain some insights on some elements that you will need to consider for an effective Business Case that matches the purpose and the funding to secure your Strategic Initiatives.
In short, an effective business case justifies:
– Why a project should be undertaken,
– Why a stakeholder partner should invest in it, and
– Why the project represents a worthy expenditure of funds.
Research reveals: How to effectively manage sales compensationAnaplan
Sales compensation commands plenty of the sales organization’s energy and attention. An organization’s ability to design, adapt, administer, and communicate their sales compensation plans is therefore a significant management concern.
This webcast will present findings from recently concluded Sales Management Association (SMA) research on how to better manage sales compensation. The research examines current compensation management practices, and identifies emerging issues and management priorities, including:
Factors responsible for effective sales compensation management
Sales management’s critical issues and improvement priorities
Emerging capabilities essential for effective plan administration
Sales compensation management’s impact on overall performance
Compensation management technology trends and ROI
This is an introduction to competitive intelligence, which includes definition, 5 flavors of competitive intelligence, some analytic tools like SWOT, STEEP, BCG, The Radar Screen, and Win Loss Analysis. Also includes some competitive intelligence books for those beginning in the field.
Subscribe to our newsletter and get our list of over 200 competitive intelligence and marketing books with links to Amazon: http://bit.ly/NHOCqM
Including our latest book, "Win/Loss Analysis: How to Capture and Keep the Business You Want." http://amzn.to/297Mrxl
CAWA 2016: How You Can Benefit from Aftermarket Consolidationmarxgroupadvisors
Presented at the CAWA leadership conference that was held in Napa, Calif. The informative session was extremely well received by an audience of distributors and suppliers, especially in light of constant consolidation activity facing leaders in the aftermarket, and a current business environment that is driving M&A activities to all-time high levels.
Similar to Data-Driven Innovation: 3 Ways to Create a New Level of Performance in Your Organisation (20)
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
Global Situational Awareness of A.I. and where its headedvikram sood
You can see the future first in San Francisco.
Over the past year, the talk of the town has shifted from $10 billion compute clusters to $100 billion clusters to trillion-dollar clusters. Every six months another zero is added to the boardroom plans. Behind the scenes, there’s a fierce scramble to secure every power contract still available for the rest of the decade, every voltage transformer that can possibly be procured. American big business is gearing up to pour trillions of dollars into a long-unseen mobilization of American industrial might. By the end of the decade, American electricity production will have grown tens of percent; from the shale fields of Pennsylvania to the solar farms of Nevada, hundreds of millions of GPUs will hum.
The AGI race has begun. We are building machines that can think and reason. By 2025/26, these machines will outpace college graduates. By the end of the decade, they will be smarter than you or I; we will have superintelligence, in the true sense of the word. Along the way, national security forces not seen in half a century will be un-leashed, and before long, The Project will be on. If we’re lucky, we’ll be in an all-out race with the CCP; if we’re unlucky, an all-out war.
Everyone is now talking about AI, but few have the faintest glimmer of what is about to hit them. Nvidia analysts still think 2024 might be close to the peak. Mainstream pundits are stuck on the wilful blindness of “it’s just predicting the next word”. They see only hype and business-as-usual; at most they entertain another internet-scale technological change.
Before long, the world will wake up. But right now, there are perhaps a few hundred people, most of them in San Francisco and the AI labs, that have situational awareness. Through whatever peculiar forces of fate, I have found myself amongst them. A few years ago, these people were derided as crazy—but they trusted the trendlines, which allowed them to correctly predict the AI advances of the past few years. Whether these people are also right about the next few years remains to be seen. But these are very smart people—the smartest people I have ever met—and they are the ones building this technology. Perhaps they will be an odd footnote in history, or perhaps they will go down in history like Szilard and Oppenheimer and Teller. If they are seeing the future even close to correctly, we are in for a wild ride.
Let me tell you what we see.
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Round table discussion of vector databases, unstructured data, ai, big data, real-time, robots and Milvus.
A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
Adjusting OpenMP PageRank : SHORT REPORT / NOTESSubhajit Sahu
For massive graphs that fit in RAM, but not in GPU memory, it is possible to take
advantage of a shared memory system with multiple CPUs, each with multiple cores, to
accelerate pagerank computation. If the NUMA architecture of the system is properly taken
into account with good vertex partitioning, the speedup can be significant. To take steps in
this direction, experiments are conducted to implement pagerank in OpenMP using two
different approaches, uniform and hybrid. The uniform approach runs all primitives required
for pagerank in OpenMP mode (with multiple threads). On the other hand, the hybrid
approach runs certain primitives in sequential mode (i.e., sumAt, multiply).
Chatty Kathy - UNC Bootcamp Final Project Presentation - Final Version - 5.23...John Andrews
SlideShare Description for "Chatty Kathy - UNC Bootcamp Final Project Presentation"
Title: Chatty Kathy: Enhancing Physical Activity Among Older Adults
Description:
Discover how Chatty Kathy, an innovative project developed at the UNC Bootcamp, aims to tackle the challenge of low physical activity among older adults. Our AI-driven solution uses peer interaction to boost and sustain exercise levels, significantly improving health outcomes. This presentation covers our problem statement, the rationale behind Chatty Kathy, synthetic data and persona creation, model performance metrics, a visual demonstration of the project, and potential future developments. Join us for an insightful Q&A session to explore the potential of this groundbreaking project.
Project Team: Jay Requarth, Jana Avery, John Andrews, Dr. Dick Davis II, Nee Buntoum, Nam Yeongjin & Mat Nicholas
Learn SQL from basic queries to Advance queriesmanishkhaire30
Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
The Building Blocks of QuestDB, a Time Series Databasejavier ramirez
Talk Delivered at Valencia Codes Meetup 2024-06.
Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds.
It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.
19. Stellar Consulting Group
New Zealand’s Business Intelligence Specialists
Contact
Find us: stellarconsulting.co.nz
Follow us: @stellarbi
Thank You
Travis Barker – Consulting Partner
Editor's Notes
Model S P90D:
0-100kph in 3 secs (in Ludicrous mode) – fastest accelerating 4 door ever made… and it’s a 7 seater!
- Similar to a Porsche 911 or McLaren P1 ($2m)
450km range – fully charged in 15 minutes
Why is Tesla so successful?
Tesla has focused on developing efficient energy storage – not solving carbon emissions problem.
What has Tesla got to do with DDI?
DDI is the means by which many organisations are exploiting opportunities.
DDI refers to the use of data and analytics to improve or foster new products, processes, organisational methods and markets (OECD).
Using the power of data and technology to align organisational execution with strategic intent and create competitive advantage:
Business Process Optimisation
Enhanced Customer Intimacy
Product & Service Innovation
And it’s a big opportunity – looking at how the make up of the S&P500 has changed over the past 40 years… it’s completely inverted itself from around being made up of 83% tangible assets to now 83% intangible assets
- Amazon v Walmart
Taking a look at comparative markets NZ is lagging significantly – estimated 1.4% of GVA derived from DDI compared to at least 3x that in Australia.
Gross Value Added (GVA) = Consumer Surplus (derived from lower prices) + Producer Surplus (derived from higher margins)
Why is NZ behind other countries? We suggest it is down to:
Entry costs have been high – this is changing with the availability of cloud based computing.
This results in NZ orgs opting to achieve the same outcome using manual labour.
We also have a problem of people throwing technology at problems without:
Consideration for the supporting processes and people needed to make it stick.
Consideration of the wider opportunities
Availability of experts in the field has also been a problem in NZ – Stellar hires globally because we find it difficult to find local experts.
NZ has a multi Billion dollar opportunity.
So let's look at the 3 ways we can add value and create new levels of performance through BI / DDI.
Let's drill down into the first area of opportunity - Business process optimisation is THE biggest opportunity in NZ.
Stellar works with a range of organisations to monitor and measure operations, automate manual tasks and mitigate single points of failure.
Example: Large Global Vehicle Manufacturer – Corp planning monthly reporting process. Legacy process required manual input from dozens of people each month to compile reports in Excel. Corp Planning then responsible for consolidating into a single file for Japan. We stripped down the process and redesigned it from the ground up. Key driver was risk avoidance, but also benefited from reduce labour costs and more timely availability through automation.
Large Global Telco – Reviewing resource investment (tech & people) to identify process redundancy and savings. $2m identified in just 2 weeks!
Drilling down into Strategic Alignment.
Essentially we are trying to achieve a "single version of the facts" (there will always be multiple versions of the truth depending on context) to enhance decision making.
This is not just about aligning data & technology, but also people & process. Org change is a key component – if you're not willing to drive change and efficiency in your org then don't waste your time and resources on BI / DDI.
The second area of opportunity centres around customer interaction.
Building a strong understanding of your customers' preferences and behaviours allows for much more personalised and meaningful interactions.
Let's drill down to examine Customer Intimacy and Brand Awareness.
Example: TrustPower is using Data & Analytics to drive its multi-product strategy (energy + broadband).
Early adoption of segmentation and predictive modelling to drive marketing campaigns.
Enrichment of customer data sets enhances Trustpower's ability to offer the right products to customers at the right time.
TrustPower has outperformed the market on almost every performance metric.
Multi-product Customer churn is lowest in the market (reduced from average 18% to below 8%).
Brand awareness is rising steadily – now a strong competitor in metro NZ.
The third area of opportunity looks at the expanding role of data to expand and improve products & services.
Example: the Open Data discussion driving innovation and change across Govt
Results 9 – Better for Business – is fostering private innovation.
Results 10 – Better Public Services – is fostering process optimization. Goal is to raise Govt transactions to 70% via digital by 2017 (DIA)
One example in the R10 area is the use of open data and data sharing (eg IDI) to improve Social Investment outcomes.
A more holistic understanding of At Risk kids is helping to refine the services provided.
Around 1% of five year olds are considered “At Risk” – that’s 600 kids every year.
75% of these kids will leave school without NCEA2
40% will have been on a benefit long-term
24% will have been in prison
On average they cost tax-payers $320k to age 35. Some cost over $1m.
Example: NGO / Charity Stand is working at the front line with kids. They capture much more granular detail about a child and their family. Looking to collaborate with Govt to determine whether this data can be used to enrich a wider data set?
I’m sure we don’t need to dwell on this, but in short the role of the CFO is changing.
Here’s a good example – there was more about digital disruption / data & analytics at this year’s CFO Summit than at the recent CIO summit.
There’s also a very clear message that Process Optimisation is top of the agenda across ANZ Govt agencies.
Finally, here’s six defining characteristics of successful programmes – note #1: Start with a transformative mindset. If the organisation isn’t ready or willing to change your success will be limited from the outset.