Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... ·...
Transcript of Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... ·...
![Page 1: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/1.jpg)
![Page 2: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/2.jpg)
Creating value with data Overcoming the Hype
September 15th 2016 Arjan van den Born
![Page 3: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/3.jpg)
CONTENT
• The disruptive force called data science
• Cool examples
• JADS – Bringing business and IT together
• The Graduate School Mariënburg – Data, Entrepreneurship & Innovation
• Unlocking the Value of Data Science – The Data Driven Organization
[3]
![Page 4: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/4.jpg)
The Usual Story
[4]
![Page 5: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/5.jpg)
Life changes…so what
We trained hard, but it seemed that every time we were beginning to form up into teams, we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization.
This quote is attributed to a disgruntled soldier in Ancient Rome, one Petronius Arbiter, in 210 BC.
![Page 6: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/6.jpg)
The Datafication era started in the early 1800’s
Mathew Fontaine Maury, Virginia 1806-1873 Florence Nightingale , London 1820-1910 [6]
![Page 7: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/7.jpg)
The Always-On Society generates true Big Data
Providing
connected
Apps
Philips Value Platform Extracting
meaningful
information
Connected Solutions
Enhancing the user experience
Sensing and monitoring data
Connected devices
7
![Page 8: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/8.jpg)
Public Private
Large scale
Small and medium scale
Melissa On-line Data
Business Strategist
Ron Web-data Entrepreneur
Debora Consultant
Data Concessions
Jeremy Data Regulatory Officer
Data science will create new professions
8
![Page 9: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/9.jpg)
Every profession becomes a Data Science Profession
9
Health Analytics
HR Analytics
Marketing Analytics
Accounting & Finance Analytics
![Page 11: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/11.jpg)
Data science seeks to use all relevant, often complex and hybrid
data to effectively tell a story that can be easily understood by non-
experts
11
Data Science is the next big thing
![Page 12: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/12.jpg)
http://bigdata.fairness.io/wp-content/uploads/2014/11/Civil_Rights_Big_Data_and_Our_Algorithmic-Future_v1.1.pdf
Data Science is also the next big risk
![Page 13: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/13.jpg)
Data Science
….we need both to subtract value from data
Data Science has two words
![Page 14: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/14.jpg)
Does the data always reveal the truth?
![Page 15: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/15.jpg)
![Page 16: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/16.jpg)
The vision is clear: data is the new oil water
[16]
![Page 17: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/17.jpg)
[17]
![Page 18: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/18.jpg)
Cool Examples
![Page 19: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/19.jpg)
Big data and gene-environment interactions
![Page 20: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/20.jpg)
Setting up Big Registries to find new answers to complex questions
![Page 21: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/21.jpg)
21 28-9-2016
GENOME ANALYTICS MADE SIMPLER
![Page 22: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/22.jpg)
Your I-phone has become a biomedical research device
![Page 23: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/23.jpg)
The biological passport as the way to find cheaters
HEALTH
![Page 24: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/24.jpg)
24 28-9-2016
SMART MAINTENANCE USING PREDICTIVE ANALYTICS (e.g. GE, BMW & DAF)
![Page 25: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/25.jpg)
25 28-9-2016
Air Shephard: Drones and data to fight the battle against poachers
![Page 26: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/26.jpg)
PREDICTING DEFORESTATION
![Page 27: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/27.jpg)
FROM SEED PRODUCER TO BIG DATA COMPANY
![Page 28: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/28.jpg)
![Page 29: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/29.jpg)
![Page 30: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/30.jpg)
Detecting Confusion of the Elderly
![Page 31: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/31.jpg)
Does Spotify Increase Variety?
![Page 32: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/32.jpg)
Design Targeted Marketing Actions
![Page 33: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/33.jpg)
More Products than Persons?
![Page 34: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/34.jpg)
![Page 35: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/35.jpg)
Pricing for advertising space on billboards, benches and busses based on actual # views
![Page 36: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/36.jpg)
HR Analytics: Overhaulin’ HR
![Page 37: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/37.jpg)
How does big data affect competitive processes?
![Page 38: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/38.jpg)
38 28-9-2016
![Page 39: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/39.jpg)
![Page 40: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/40.jpg)
Who we are
![Page 41: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/41.jpg)
Two focused, comparable, yet distinct top universities
41
= TU/e
= TiU
![Page 42: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/42.jpg)
Are Business & IT finally meeting up?
![Page 43: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/43.jpg)
JADS: What, Why & How
43
![Page 44: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/44.jpg)
WHY JADS? Bringing Technology and Sociology/Business together
![Page 45: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/45.jpg)
[45]
Key Ingredients of Data Science
![Page 46: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/46.jpg)
Our Capability Framework
Data Science
Research Meth
Computer Science Data
Technologies
Data
Visualization Mathematics Statistics
Legal
(Privacy, IP) Ethical
Smart Industries Finance
Analytics
Smart
Cities
HR & Org
Analytics
Other
TiU & TU/e
Domains
(e.g Legal
Analytics)
Start-up &
Scale-ups
Digital
Transformation Creativity &
Innovation
Entrepreneurial
Marketing
Entrepreneurial
Finance
Ethical HTI Artificial
Intelligence
= basic technical skills = basic science skills = entrepreneurial skills = domain specific skills = cognitive skills
Marketing &
Branding Health
Analytics
[46]
![Page 47: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/47.jpg)
JADS: close collaboration of 2 universities on 3 areas within data science
![Page 48: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/48.jpg)
Education: nine data science programs offered at three locations
Graduate School Den Bosch
Joint Bachelor Data Science
2000
Students
[48]
![Page 49: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/49.jpg)
Data Innovation & Data Entrepreneurship
Transforming data into value through analysis and visualization
Research: we will have one generic research theme …
[49]
![Page 50: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/50.jpg)
… and six dedicated research themes
Branding and marketing
Analyzing customer behavior and
mapping needs on business
propositions.
Productivity and maintenance
Monitoring performance remotely
and enabling long-distance control
and maintenance.
Personal care and wellbeing
Monitoring non-intrusively
biomarkers and body functions and
feeding back information.
Finance and insurance
Developing data driven options for
innovative financial and insurance
related business improvements.
City management and control
Enabling adaptive public space
support by urban service
management and commissioning.
Agro, food, and life science
Providing decision support by
correlating information from different life-
science related sources. [50]
![Page 51: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/51.jpg)
Relevance: Intense collaboration with industry in education and research
Ambition & Quality: world class staff & students to make an impact
Multi-disciplinary: Mixing business and IT to drive innovation
Novelty: educational programs are newly designed using DS design criteria
Size: 2000 students in various programs with 3 research centers
Five unique elements of our proposition
[51]
![Page 52: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/52.jpg)
Mariënburg: the hotspot of our initiative
![Page 53: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/53.jpg)
53
Combining Data Science
& Entrepreneurship
![Page 54: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/54.jpg)
Data Architecture &
Data Integration
Data Mining &
Data Analysis Data Visualization &
Data Decision Making Data Entrepreneurship
Master Data Science Entrepreneurship (200+ students)
PD. Eng Data Science (50+ students)
Permanent Education / Lifelong Learning (NTB)
Collaborative & Innovative Data Science Labs
Incubator / Accelerator (100+ start-ups, scale-ups & spin-offs)
Academic staff (20-30 FTE) & Ph.D’s Data Science (30 FTE)
Functions in our ‘hotspot’: ‘s-Hertogenbosch
[54]
![Page 55: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/55.jpg)
The place where we will collaborate intensively with our partners
[55]
![Page 56: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/56.jpg)
Our offering to start-ups, scale-ups and spin-offs (and students)
We offer a unique proposition to start-ups (incubator), scale-ups (accelerator) and spin-offs to take shop in and around Mariënburg. This offer has several layers.
1. Hardware – state of the art facilities.
2. Software a scientific cloud (e.g. R, Python, Matlab, Mathematica, Hadoop) and commercial applications (e.g. SAS, Tableau) on premises.
3. Living Labs with proprietary datasets and open data
4. Data science capability by having established researchers open to discussion and dedicated scientific programmers who do data science.
5. Financial capital available for students, start-ups, scale
6. Mentoring network of 100+ data science entrepreneurs, data scientists, advisors (IP)
56
Capability
Living Labs
Software
Hardware
Mentor Capital
![Page 57: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/57.jpg)
Unlocking the Value of Data
57
![Page 58: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/58.jpg)
[58]
Entrepreneurship = the art & science of
spotting and grabbing opportunities
![Page 59: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/59.jpg)
To really change the world one needs to understand both business & IT
59
![Page 60: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/60.jpg)
Unlocking Value out of Data
• The triple pathway to unlocking Data Value
• Volume, Variety, Velocity, Veracity and Value
• The Process of Data Science
• The Organization of Data Science
• The Business Models of Data Science
• The difficulties of building a Data Science Capability
[60]
![Page 61: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/61.jpg)
The Triple Pathway to Data Value
Customer Insights
Process Information
Product Innovation
[61]
• There are various ways to extract value from Data:
• Improved customer relations
• Effective and efficient processes
• New products and services
• The current focus is mainly on improving customer understanding
A
B C
![Page 62: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/62.jpg)
[62]
![Page 63: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/63.jpg)
The Potential Value of Big Data is determined by it’s uniqueness
Value
Volume
Variety Veracity
Velocity
[63]
+/-
+
-
+/-
VRIS
![Page 64: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/64.jpg)
The High-Level Process of Data Science
Data Engineering
Data Mining & Analytics
Data Decision Making &
Visualization
Data Entre-preneurship
[64]
Law & Ethics
• Data value can be created in every phase of the data value process
• Data value can be destroyed in every phase of the data value process
• Without potential value, there is no way value can be created
![Page 65: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/65.jpg)
[65]
The Mature Data Science Organization
![Page 66: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/66.jpg)
[66]
Data Science is not Business Intelligence
![Page 67: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/67.jpg)
Project Aristotle: Google’s question on how to build teams
Google Myths
[67]
“ Building the best team means combining the
best people”
‘It’s better to put introverts together’’
“Teams are more effective when everyone is friends
away from work”
![Page 68: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/68.jpg)
It’s all very much about human capital
We need T-shaped people
Data scientist have knowledge of
•Engineering •Business and society
•Entrepreneurship
![Page 69: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/69.jpg)
[69]
Data Science Maturity is generally low
A Data Driven Organization Has:
•Data Technology •Data Processes •Data Governance •Data Skills & Data Culture
![Page 70: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/70.jpg)
[70]
Key Aspects of Your Data Science Business Model
•Who is the data customer? •What is the product or service? •What is your pricing model? •What is the price? •Where is your added value?
![Page 71: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/71.jpg)
[71]
Problems at the end and beginning of the value chain
![Page 72: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/72.jpg)
[72]
INDUSTRY CHANGE AHEAD
![Page 73: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/73.jpg)
73
![Page 74: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/74.jpg)
APPENDIX
74
![Page 75: Creating value with data - Global Forumglobalforum.items-int.com/gf/gf-content/uploads/... · Productivity and maintenance Monitoring performance remotely and enabling long-distance](https://reader030.fdocuments.us/reader030/viewer/2022040410/5ed0bff4140f632d825e4335/html5/thumbnails/75.jpg)
75