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Data as a catalyst for a new approach to innovation by Giovanna Miritello

Date post: 16-Apr-2017
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Page 1: Data as a catalyst for a new approach to innovation by Giovanna Miritello
Page 2: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data as a catalyst for a new approach to innovation

Giovanna Miritello @gmiritello

Page 3: Data as a catalyst for a new approach to innovation by Giovanna Miritello

26 countries

50 partner networks

430+ M connections

107k employees

Page 4: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data overview

Page 5: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Enterprise & External data

External data is usually wide and shallow. Enterprise data is narrow and deep.

data-driven home searchtransportation

socio economics -unemployment-

Page 6: Data as a catalyst for a new approach to innovation by Giovanna Miritello

so data

Page 7: Data as a catalyst for a new approach to innovation by Giovanna Miritello

so data

but data is not numbers, it’s people.

Page 8: Data as a catalyst for a new approach to innovation by Giovanna Miritello
Page 9: Data as a catalyst for a new approach to innovation by Giovanna Miritello
Page 10: Data as a catalyst for a new approach to innovation by Giovanna Miritello
Page 11: Data as a catalyst for a new approach to innovation by Giovanna Miritello
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How to build a product suitable for every different customer?

Page 13: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Let’s the data speak.

How to build a product suitable for every different customer?

Page 14: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data-driven customer centric products

Page 15: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data-driven customer centric products

Page 16: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data-driven customer centric products

Page 17: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Personalised customer experience

Page 18: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Personalised customer experience

Page 19: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Why personalisation is important?

VS

Page 20: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Personalisation at Vodafone

Page 21: Data as a catalyst for a new approach to innovation by Giovanna Miritello

slower 4G faster 4G

Why do we need more data & advanced models? The world is often simple to predict.

Page 22: Data as a catalyst for a new approach to innovation by Giovanna Miritello

mobility needs apps/type of content

device health network performance in the area

Or not?

Page 23: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Network experienceNetwork experience might be related to: • home/work location • mobility patterns • needs and interests • device type/quality

Page 24: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Price-plan

2. We are social animals

1. Black or whiteand

Gb

£

data plan (Gb)

# contacts

% c

usto

mer

s

Page 25: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Understanding reasons to leave and motivations to stay

customer experience

OOB spend

spend on roaming

4G at home

Page 26: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Homophily and influence effects can be measured and predicted!

Don’t forget the social factor!

Jun Ding et al. Alone in the Game: Dynamic Spread of Churn Behavior in a Large Social Network a Longitudinal Study in MMORPG

Page 27: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Data is not numbers, it’s people.

What you can’t predict, you must at least see!

This customer feedback can go unnoticed if only structured feedback and scores get looked at.

Page 28: Data as a catalyst for a new approach to innovation by Giovanna Miritello

This does not happen in one day.

Page 29: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Within the data science community

No organisation is perfect, but some good practices help [1/2]

Page 30: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Invest in standardisationStandardisation enables sharing and collaboration: lowering barriers, increasing expectations)

data format

platformtools

frameworkmethodology

Page 31: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Sharing knowledge

Data stories and visualisations as a daily practice

Page 32: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Avoid “data vomit”

D.J. Patil, Data Jujitsu: The Art of Turning Data into Product

VS

Page 33: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Solid software development practices: know your code!

http://thecuriouscan.com/learn-from-the-costliest-mistakes-in-history/

June 4, 1996 Ariane 5 rocket launched by the European Space Agency exploded just 37 seconds after its lift-off

7 billion dollars development of the rocket

The cost

500 million dollars estimated value of the destroyed rocket and its cargo

Page 34: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Solid software development practices: know your code!

http://thecuriouscan.com/learn-from-the-costliest-mistakes-in-history/

A software programming error!

A 64 bit floating point number relating to the horizontal velocity of the rocket with respect to the platform was converted to a 16 bit signed integer.

The number was larger than 32.767, the largest integer storable in a 16 bit signed integer, and thus the conversion failed.

The reason for the blast?

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Model accuracy is important, but it’s not the only thing

Prefer interpretability at the beginning, then upgrade models.

Page 36: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Start simple, then iterate

• think it (reduces the risk) • build it (as fast as possible) • ship it (gradually roll out to all users) • tweak it (continuously improve)

Prefer high precision of one product instead than many sophisticated products.

The real risk is building solutions that no one needs:

D.J. Patil, Data Jujitsu: The Art of Turning Data into Product

Page 37: Data as a catalyst for a new approach to innovation by Giovanna Miritello

No organisation is perfect, but some good practices help [2/2]

With the rest of the organisation

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• Engage with stakeholders from day 1

It is a bidirectional direction thing: - a data science team must know the business priorities - the whole organisation needs to understand and engage with data driven results, stories and their value

Page 39: Data as a catalyst for a new approach to innovation by Giovanna Miritello

• Engage with stakeholders from day 1

It is a bidirectional direction thing: - a data science team must know the business priorities - the whole organisation needs to understand and engage with data driven results, stories and their value

• Remove barriers & enable data connectivity

Page 40: Data as a catalyst for a new approach to innovation by Giovanna Miritello

• Engage with stakeholders from day 1

It is a bidirectional direction thing: - a data science team must know the business priorities - the whole organisation needs to understand and engage with data driven results, stories and their value

• Remove barriers & enable data connectivity

• Agree on implementation and performance metrics

Page 41: Data as a catalyst for a new approach to innovation by Giovanna Miritello

Thank you!

Giovanna Miritello @gmiritello


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