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Big Data Black Hole

Date post: 30-Oct-2014
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@Expion / The Big Data Black Hole
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Page 1: Big Data Black Hole

@Expion / @albert4waves

The Big Data Black Hole

Page 2: Big Data Black Hole

@Expion / @albert4waves

The Customer

Page 3: Big Data Black Hole

@Expion / @albert4waves

Wages Are Not Rising

Page 4: Big Data Black Hole

@Expion / @albert4waves

Dollars Available = Shrinking

Page 5: Big Data Black Hole

@Expion / @albert4waves

The Rise of Mobile

Page 6: Big Data Black Hole

@Expion / @albert4waves

The Collaborative Economy

Page 7: Big Data Black Hole

@Expion / @albert4waves

Customers Have More Information

Page 8: Big Data Black Hole

@Expion / @albert4waves

Data Tools and Their Focus

Page 9: Big Data Black Hole

@Expion / @albert4waves

Display Advertising

Page 10: Big Data Black Hole

@Expion / @albert4waves

Email

Page 11: Big Data Black Hole

@Expion / @albert4waves

Web Personalization

Page 12: Big Data Black Hole

@Expion / @albert4waves

Web Optimization

Page 13: Big Data Black Hole

@Expion / @albert4waves

This is not innovation… this is SOP

Page 14: Big Data Black Hole

@Expion / @albert4waves

Where Your Data Needs to Be

Page 15: Big Data Black Hole

@Expion / @albert4waves

What you are asking, “How do I…”

• Optimize my display ads• Increase sales via direct marketing• Offer better personalized

experiences• Optimize my web conversion

Page 16: Big Data Black Hole

@Expion / @albert4waves

But the customer wants to know…

• Can you make my life better• Will you make it right if it sucks• Will you go the extra mile• PS. Do all of this faster!

Page 17: Big Data Black Hole

@Expion / @albert4waves

Make my life better

Page 18: Big Data Black Hole

@Expion / @albert4waves

Make it right if it sucks

Page 19: Big Data Black Hole

@Expion / @albert4waves

Go the extra mile

Page 20: Big Data Black Hole

@Expion / @albert4waves

Ask Yourself, “Why is my data not working for me?”

Page 21: Big Data Black Hole

@Expion / @albert4waves

You think you need more…

Page 22: Big Data Black Hole

@Expion / @albert4waves

You are not aware of Miller’s Law

Page 23: Big Data Black Hole

@Expion / @albert4waves

You are trying to be Nate Silver

Page 24: Big Data Black Hole

@Expion / @albert4waves

You rely entirely on data to predict customer needs…

Page 25: Big Data Black Hole

@Expion / @albert4waves

You don’t know what’s important

Page 26: Big Data Black Hole

@Expion / @albert4waves

If business results were dependent on data, then how come?

Page 27: Big Data Black Hole

@Expion / @albert4waves

Most businesses don’t have a data problem, they have a distribution

problem

Page 28: Big Data Black Hole

@Expion / @albert4waves

Innovation and Instincts can be Stronger than Data

Page 29: Big Data Black Hole

@Expion / @albert4waves

Thin Slicing

• “The key to good decision making is not knowledge. It is understanding. We are swimming in the former. We are desperately lacking in the latter.”

• Cook County Hospital – 70% Accuracy– 95% Accuracy

Page 30: Big Data Black Hole

@Expion / @albert4waves

What would make this more scary?

Page 31: Big Data Black Hole

@Expion / @albert4waves

Case: Blake Mycoskie

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@Expion / @albert4waves

Case: Nick Woodman

Page 33: Big Data Black Hole

@Expion / @albert4waves

Case: Sara Blakely

Page 34: Big Data Black Hole

@Expion / @albert4waves

Analyze total but distribute local

Content Optimization

and Distribution

VOICE OF CUSTOMER (CEM) STAKEHOLDERS

Research and Development

Executives

Human Resources

Sales & Marketing

Customer Care

Operations

Product Management

Blogs

Facebook

Ratings & Review

Online Communities

Twitter

Transactions

Call Center

Online Feedback

Chat

Surveys

E-mails

Voice Transcriptions

Social: G+, Youtube, Insttagram, Pinterest, Tumlblr, …

TRANSFORMATION

Page 35: Big Data Black Hole

@Expion / @albert4waves

The Future Will Be Won By…

• Distributing data to those who can act

• Enabling employees to operate at higher service standards

• Providing an adaptive behavior recommendation

Page 36: Big Data Black Hole

@Expion / @albert4waves

Thank You


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