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Creating green-field opportunities for customer analytics through on-line experience

"Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

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In this talk, I present some new ideas on how the analytical field is being transformed by the development and maturity of social media and the Internet.

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Page 1: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Creating green-field opportunities for customer analytics through

on-line experience

Page 2: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Page 3: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

The internet is changing at an ever-increasing pace

Page 4: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

M1Massive

processing

M1Massive

processing

The 3 emerging engines of change in today’s online world

M2Massive

communications

M2Massive

communications

M3Massed

minds

M3Massed

minds

Page 5: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Massive power + Massive power + storage = more data storage = more data than ever before than ever before

Page 6: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Massive communication power has createdan explosion of social networks

Page 7: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Whilst massed minds have enabled

scalable pattern recognition

Page 8: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Page 9: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

The five stages of a customer analytics project

1. CONCEPTUAL

2. PROBLEM STRUCTURING 3. DATA

PREPARATION & EXPLORATION

5. RECOMMENDATIONS & DEPLOYMENT

4. ANALYSIS & MODELING

Page 10: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Analysts can now tap into new streams of data for analysis…

Page 11: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

…and leverage distributed networks for crowdsourcing analytics

Page 12: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Today’s agenda

1 Recent evolution of the internet

2 The Analytical process

3 Greenfield opportunities in customer analytics

Today’s agenda

Page 13: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Opportunity # 1 : Predicting movies box-office revenue with Search data

Page 14: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

A simple yet powerful model predicts revenue with accuracy…

Page 15: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

… and performs well even after introducing a time-lag

Page 16: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Opportunity # 2: Leveraging the crowd

Page 17: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

a

Case study : Predicting book sales in the first 15 weeks of release

Page 18: "Creating green field opportunities for customer analytics through on-line experience" - a presentation by The crazy Colombian at IAPA's "Customer Analytics 2009" conference

Case study: Predicting uptake of new products in financial services