Value Delivered - Predictive Analytics 2015 v3
16
Value Delivered Business Insights through Big Data Roger L Moore, Senior Principal, Sagence June 11, 2015 Predictive Analytics 2015
-
Upload
roger-moore -
Category
Documents
-
view
408 -
download
0
Transcript of Value Delivered - Predictive Analytics 2015 v3
Value Delivered
Business Insights through Big Data
Roger L Moore, Senior Principal, Sagence
June 11, 2015
Predictive Analytics 2015
N Dimensional Space
The Data ScienceValue Chain
CorporateDecisionMaking
Enhanced Data Science
non-quant skills
Value DeliveredFaked Data
Increased
Demand for
Insights
More and
more Data
Statistical
illiteracy
Golden Gut
mentality
Black box
algorithms
Data Science Value Chain
Source: H. Gilbert Miller, Peter Mork, "From Data to Decisions: A Value Chain for Big Data", IT Professional, vol.15, no. 1, pp. 57-59, Jan.-Feb. 2013
John Boyd
Fighter Pilot
OODA Loop
Act
Orient
Decide
Observe
Mapping OODA Loop to the Value Chain
Source: H. Gilbert Miller, Peter Mork, "From Data to Decisions: A Value Chain for Big Data", IT Professional, vol.15, no. 1, pp. 57-59, Jan.-Feb. 2013
Observe Orient Decide Act
?
ObserveOBSERVE
Orient
Cockpit
ORIENT
Orient – Business ValueORIENT – Business Value
DecideDECIDE
ActACT
Data Science Challenges
Lack of appropriate skills is a key inhibitor…
…biggest skill gaps are non-quant related:
• Translating analytics into business strategy or specific actions
• Asking the right questions
• Knowing what data to analyze
Source: MIT Sloan Management Review and SAS: Spring 2015 Research Report: The Talent Dividend by Sam Ransbotham, David Kiron and Pamela Kirk
Prentice; Findings from the 2014 Data & Analytics Global Executive Study and Research Project
Impact of the “challenge”
Source: H. Gilbert Miller, Peter Mork, "From Data to Decisions: A Value Chain for Big Data", IT Professional, vol.15, no. 1, pp. 57-59, Jan.-Feb. 2013
Observe Orient Decide Act
?
Non-quant challenged
Increase Value Delivery!
Continue to build your Data Science capabilities
Support corporate decision making
• Clear communication to Orient users -- emphasize strategic and/or financial value
• Campaign for a data-driven decision culture
• Confirm analytics’ connection to real-world actions
Enhance your non-quant skills
Roger L MooreSagenceSenior Principal
University of ChicagoAdjunct Lecturer
(312) 543-1319
Twitter: @RogerMoore
LinkedIn: https://www.linkedin.com/in/rogermoore
Thank You!
Questions?
