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Catch the Big Data Wave
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Presented by
Catch the Big Data WaveMartyn Crew, Founder and CEO
Snap Poll
Do you have any big data initiatives underway?
Yes No Planned Not sure
Agenda
What is Big Data? Why is it Important to Your Customers? The Big Data Ecosphere Who’s Making Money from Big Data? Big Data isn’t always BIG Q&A
What is big data? The 3 Vs
Volume
New sources e.g. web logs, social media
Saving more data at raw level for better analysis
Velocity
Variety
Presented by
Why is big data important to your customers?
Consultants vs. real world
The McKinsey View Save everything Bring in the data
scientists (or McKinsey consultants)
Look for correlations – find transformation nuggets of data
Consultants vs. real world
The Real World View Save what makes sense Save more of it because more
data = better trend analysis Analyze it faster Cross-reference existing data
e.g. CRM data with new data sources such as social media to gain more insight
Customer view
Big data - more and better BI
Have all your information at your fingertips
Unify all your analytical time horizons
Enable more powerful business applications e.g.
customer experience optimization
Enable faster answers using interactive analysis,
modeling or unstructured data
Presented by
Big Data …… Big (Marketing) Problem
Poll Question
Who do you thinks owns big data for most of your customers?
CEO CIO CFO CMO Don’t know
Who owns big data?
16
•Social media analytics
•Social CRM
•Brand monitoring
•Sentiment analysis
•Marketing campaign optimization
•Customer experience management
•CRM next best action
•Customer churn mitigation
•Loyalty & promotions analysis
•Behavioral analytics
•Influencer analysis
•Ad placement optimization
•Financial risk analysis
•Supply chain optimization
•Defect tracking
•Device monitoring
•Root cause analysis•IT log analysis
•Event analytics
•Network analytics
•BI
•DW
•ETL
•Advanced analytics
•Data science
•Content optimization
•Compliance monitoring
Presented by
Big Data Ecosphere and Customer’s Options
Big data ecosphere - Wikibon
Source: Wikibon 2012
Big Data today - Ventana
October 24, 2012
Emerging big data options
Scalable, easy to get going
Highly functional Becomes prohibitively
expensive Public vs.
Private
Distributed low cost storage solution
Big data = Hadoop for many companies
A collection of open source technologies
Many flavors
Cloud
Presented by
Who’s Making Money from Big Data?
Breakdown by sector - Wikibon
Wikibon , 2012
Breakdown by category - Gartner
Presented by
One More Thought…
Big isn’t always BIG
“Big to me” or “medium data” Big is relative Big data may only be about
one V e.g. variety Big is whatever customers
don’t have systems, skills,money or time to handle
Presented by
How do you make moneyfrom big data?
7 Steps…
1. Talk to your customers
2. Develop value proposition and messaging
3. Test with customers e.g. survey, interviews
4. Refine message
5. Develop roadmap
6. Align product to messaging
7. Talk to your customers
About Bootstrap
100% high-tech focused Content, content, content Deep technical and product marketing
experience in all things data related Customers include Actian, AsterData,
Informatica, Jaspersoft, Kickfire, Lenovo, Metric Insights and Treasure Data
Public Cloud
Public Scalable, easy to get goingHighly functionalBecomes prohibitively expensiveDominated by Amazon (AWS)Rackspace a strong contenderEmerging open source plays e.g. OpenStack
Private Cloud
Private VPN meets CloudAddresses security, privacy and cost concerns of public cloudLeading players Amazon, Cisco, IBM, Microsoft, Rackspace, VMwareChallengers – Eucalyptus, Nimbula
NoSQL Options
NOSQLNoSQL movement is emerging from open source worldNoSQL = Not Only SQLGood solution for web apps not so good for big data analytics