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Through the Eyes of Data
Harry Blount Discern Through the Eyes of Data
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Through the Eyes of Data
COFES 2017
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Overview $225T of capital is allocated every day using pre-internet tools and processes Companies that create a Sustainable Competitive Information Advantage will thrive We will discuss the 4 major pitfalls of using big data for decision-making Proven methodology for achieving a 100x improvement over current processes Putting the right data, in the right place, at the right time in the right business context
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Superior Decision-Making Wins
What if… Superior Decision-Making Wins …all the business rules and norms were about to change? Superior Decision-Making Wins 2000s 1980s Total Debt Interest Rates Demographics ? Everybody Makes Money 1960s 2000s Superior Decision-Making Wins 1980s 2017 Everybody Makes Money 1960s 2000s Superior Decision-Making Wins 1980s 2015s
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Industry Remains Reliant on Pre-Internet Tools…
Growing Gap Between Data Growth and Ability to Identify Actionable Insights Industry Remains Reliant on Pre-Internet Tools… Information of Everything NextGen Insight Platform Internet Data Available Data Generated Opportunity Lost Spreadsheets Libraries Person Data Interpreted Time
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Sources of Lost Return Insufficient, fragmented data Antiquated,
pre-Internet tools Episodic manual processes Bias and Blind spots Benchmark Returns Relative Actual Returns
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The World is Awash in Data
Insufficient, fragmented data Where Do You Start?
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? How Do You Identify the Optimal Data? Key Challenge:
Supply Demand Transaction Valuation Asset Product Marketplace Entity ? Key Challenge: Awareness of all available data sets Source of Competitive Advantage: Enables you to focus resources on developing proprietary data where holes in public and commercial sources are lacking.
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Many Rapidly Emerging Tools and Services Sources of Lost Return
Insufficient, fragmented data Antiquated, pre-Internet tools On-demand: Processing Storage Bandwidth Analytic tools
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Sources of Lost Return Insufficient, fragmented data Antiquated,
pre-Internet tools Episodic manual processes Identify Load Aggregate Normalize Synthesize Model Analyze Visualize Share Monitor & Update
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Data Utility Services Persistent: Requires: Federated real-time data aggregation Object-attribute data model Continuous data link augmentation Data loading Data aggregation Data normalization Data synthesis Enterprise Tools Personal Tools Emerging Platforms All Relevant Data, Always-up-to-date, Delivered to Customers’ Desired Tools
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Visualization Automation
Persistent: Data visualization Requires: Object-attribute model Object Visuals Tagging Companies Marketplaces Assets Benefit: Image specific analytics Always up to date business images – more discoverable, usable, valuable
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Report Automation Persistent: Up-to-date Reports On a schedule
On demand On an event
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Monitoring Automation
Persistent Monitoring of event types: State change Threshold breach Pattern Match Immediate notification of events users care about
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Signals-As-A-Service™ Hurricane Matthew Wipes Out Key Supplier
Company Price Units Asset Marketplace Supplier Product Location of Asset Customers Company Price Company Price Product Product Marketplace Asset Units Hurricane Matthew Wipes Out Key Supplier Asset Show linkages happening being mapped from data store to (companies, products, assets, markets) [ #1 Aggregated data #2 create linkages and place in 4 buckets > #3 updates to the data buckets / get to consume data any way I want / customization CHANGE TO: "MARKET PLACES" Depict the PROCESSES: Capture, SYNTHESIZE!!, Deliver/ Action happens either outside or inside the discern circle. Price Product Location of Asset Company Customers Units Asset
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Signals-As-A-Service™ Negatively impacting the company and customers…
Price Units Asset Marketplace Supplier Product Location of Asset Customers Company Price Product Asset Units Negatively impacting the company and customers… Show linkages happening being mapped from data store to (companies, products, assets, markets) [ #1 Aggregated data #2 create linkages and place in 4 buckets > #3 updates to the data buckets / get to consume data any way I want / customization CHANGE TO: "MARKET PLACES" Depict the PROCESSES: Capture, SYNTHESIZE!!, Deliver/ Action happens either outside or inside the discern circle. Price Product Company Units Asset
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Signals-As-A-Service™
Company Price Units Asset Marketplace Supplier Product Location of Asset Customers …But positively impacting the other players in the marketplace Show linkages happening being mapped from data store to (companies, products, assets, markets) [ #1 Aggregated data #2 create linkages and place in 4 buckets > #3 updates to the data buckets / get to consume data any way I want / customization CHANGE TO: "MARKET PLACES" Depict the PROCESSES: Capture, SYNTHESIZE!!, Deliver/ Action happens either outside or inside the discern circle.
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Signals-As-A-Service™
The customer is Immediately notified of the event and the implications of the signal Hurricane Matthew: negative implications for Company A, positive implications for Companies B and C Show linkages happening being mapped from data store to (companies, products, assets, markets) [ #1 Aggregated data #2 create linkages and place in 4 buckets > #3 updates to the data buckets / get to consume data any way I want / customization CHANGE TO: "MARKET PLACES" Depict the PROCESSES: Capture, SYNTHESIZE!!, Deliver/ Action happens either outside or inside the discern circle. Persistently scans the world of relevant data Asking the questions you care about most Immediately notify you when an actionable event is detected
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Analytics-As-A-Service A Landscape of Perspectives
Past, present and future Asset, geography, global, company, marketplace, product Cognitive Visual Analytics Framework Multiple synthesized views showing the interplay of key data attributes at a point-in-time and over time Pre-computes likely next step analytic flows accelerating time from awareness to informed decision Panorama A searchable, sortable, screenable gallery of always up-to-date business charts, maps, and other report-ready visuals Valuation Perspectives Cone of the Future Valuation Framework empowers the user to see how their valuation view compares to the landscape of other valuation views Show linkages happening being mapped from data store to (companies, products, assets, markets) [ #1 Aggregated data #2 create linkages and place in 4 buckets > #3 updates to the data buckets / get to consume data any way I want / customization CHANGE TO: "MARKET PLACES" Depict the PROCESSES: Capture, SYNTHESIZE!!, Deliver/ Action happens either outside or inside the discern circle.
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Sources of Lost Return Insufficient, fragmented data Antiquated,
pre-Internet tools Episodic manual processes Bias and Blind spots Key Considerations: A landscape of perspectives: Past, present and future Macro and micro Human and machines
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More Insights, More Often, Better Decisions
Insufficient, fragmented data Antiquated, pre-Internet tools Episodic manual processes Bias and Blind spots All relevant data, always up-to-date Modern, cloud-based tools Persistent processes Better decisions, better returns
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over existing processes
Outcomes from this Process Find the right data at the right time in the right context regardless of source Data More Useful Data in business context More Valuable Faster time from awareness to informed decision More Discoverable Via visualization and tags Benefits Persistence Awareness of events that matter 10x – 100x over existing processes Perspective Reduced bias and blind spots Automation of low-value activities Effectiveness Reduced time from awareness to informed decision More Insights. More Often. Better Returns.
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Summary $225T of capital is allocated every day using pre-internet tools and processes Companies that create a Sustainable Competitive Information Advantage will thrive We will discuss the 4 major pitfalls of using big data for decision-making Proven methodology for achieving a 100x improvement over current processes by: Putting the right data, in the right place, at the right time in the right business context
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Thank you!
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Through the Eyes of Data
Harry Blount Discern Through the Eyes of Data
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