Download - Teradata presentation at the Chief Analytics Officer Forum East Coast USA

Driving Action With Big Data Analytics Bill Franks, Chief Analytics Officer, Teradata

January, 2016

2 © 2015 Teradata & Bill Franks

Join The Analytics Revolution!

Image source: Target

Analytics is going through its own industrial revolution!

Image source: iStock


Operational Analytics Build On Traditional Analytics …

… traditional analytics aren’t replaced, but are taken further!



Operational Analytics Are …

Embedded

Automated

Run In “Decision Time”

Action Oriented

Prescriptive

Images source: Teradata


“Decision time” operational analytics are not the same as batch analytics applied operationally

A Critical Distinction

Reverse that Fee, Please!

Sorry, but no.Image source: Teradata

Image source: Teradata


Hardening A Process For Operational Scale

Trading some power & beauty to achieve operational scale is done all the time in the manufacturing world

A little extra accuracy will do no

good if the solution cannot be

deployed at operational scale

Image source: Microsoft Clipart


Monitoring Decisions, Not Approving Decisions …

Image source: Wikimedia

Operational analytics TAKE ACTION. Those actions are

monitored after the fact rather than reviewed up front



Same Metrics, Different Method

Current performance tracking metrics often still apply as-is …

… What changes is the way that

the data feeding the analytics is

generated!

Image Source: Teradata


Delegating Vs Losing Control …

Delegate authority to a trusted algorithm and free yourself to focus on new problems

Image source: Tim Geers on Flickr


Operational Analytics Require Extreme Care

Image source: Alper Cugun on Flickr

Along with the power comes GREAT RESPONSIBILITY and RISK


Be Prepared To Deal With Trouble

When DECISIONS are proactively

and automatically made by algorithms,

things can (and will!) go wrong



Good Enough vs. Perfect

With operational analytics, the goal is not to maximize the quality of each individual decision …

… but rather to

MAXIMIZE THE AGGREGATE IMPACT of the process

across all decisions



Change Actions, Not Necessarily Minds …

Image source: Microsoft Clipart


The Hundred Million Dollar Millisecond

Images source: Brian Yap on Flickr


Optimizing Power Generation & Usage

© 2015

Image source: GE Image source: GE

For large organizations,

even 1 or 2 % increases in efficiency can translate into many

MILLIONS OF DOLLARS



Proactively Meeting Customer Demand

With some ingenious analytics, it is sometimes possible to

see a spike in activity coming before it strikes

Image Source: Walmart on FlickrImage Source: tom.arthur on Flickr


Many Operational Analytics Are Simple Today …

Automatic braking is easy

Image source: Ford Motor Company Image source: Saad Faruque on Flickr

… but they will get more complex as time passes

Staying in a lane is hard


Improving Our Lives By Freeing Our Time

• Children today WILL learn how to drive

• They may NOT HAVE to drive by the time they are 30

• They will probably NOT BE ALLOWED to drive at my age!

Image source: State Farm on Flickr


If You Have Further Questions Or Comments

[email protected]

www.Bill-Franks.com

Twitter: @BillFranksGA