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Analytical Thinking
Analytical Thinking 16 - A
Newsletter from the UK Business                                                                  October 2012
Analytics Team

   Introduction
   Introduction
   Welcome to the latest edition of Analytical Thinking, a newsletter from the UK Business Analytics
   community providing snippets of insight on what people have been saying and how organisations have
   been using our capability over the last 2 weeks.
   Within this edition, we have two different sections. The Big Data section is made with articles explaining
   how Big Data is affecting several domains like the financial services, health and retail. The Big Data and
   Analytics section holds some insights on how Big Data and Analytics together can improve businesses
   and release innovation, with 2 applications within the utilities sector.
                                                                                                     back to top


   Big Data

   Big Data In Insurance - Is The                                            Big Data Is
                Industry Ready To Take                                       Transforming
                Advantage?                                                   Healthcare
                      Insurance      companies    have                       Big Data is all around us. It‘s in
                      traditionally operated under silos                     the way we shop, do our
                      by building their systems and                          finances, and tweet. To some,
                      applications from ground up. As                        it‘s more information than your
                      new processes, products and          laptop can handle. Others define it as melding
   technologies emerged, more silos were created           data from different sources and seeing what
   due to lack of integration among the existing one.      patterns emerge. As People are measuring
   The traditional methods employed by insurance           everything from their sleeping patterns to how fast
   companies for risk, actuarial and product               their toenails grow, using devices as varied as
   analyses, reserving, market penetration, customer       smartphones, headbands, cars that track their
   churn etc. are being pushed to backseat, and            own health and the health of their driver, and
   more     modern,      accurate,    penetrative   and    carpets that monitor a person‘s balance and gait,
   conclusive methods are driving business priorities.     this use of Big Data is certainly transforming
   This article argues that there are some major           healthcare.
   challenges that need to be address for insurance        See article
   carriers to stay in the race.
   See article
3 Big Data Insights From The
          Grandfather Of Google                                     Shopping At The Bank
          Glass                                                     For more than a decade bankers have
                                                                    fretted about the threat posed to
              Following an article from Analytical                  them by the banking arms of
              Thinking 13, this article will give                   supermarkets. The likes of Walmart
              you 3 Big Data insights from MIT                      and Tesco have thousands of outlets
              Media Lab Professor Alex ‗Sandy‘                      that customers visit millions of times
              Pentland, a pioneer in big data,                      a week. Yet now banks and other
              computational      social   science,                  financial institutions are learning to
mobile and health systems, and technology for        crunch the data they hold on their customers. This
developing countries as well as being the pioneer    article from the economist explains that instead of
behind ‗Google Glasses‘ - a prototype heads up       being supplanted by supermarkets, banks may
display that literally makes digital data a lens     sway shoppers.
through which we see society in the ―real‖ world.
                                                     See article
See article




Big Data and Analytics


Big Data Opportunity For Smart
                                                     Viewpoint: Big Data And Big
            Metering
                                                                 Analytics Means Better
                  Utilities   worldwide      are
                  installing smart meters on
                                                                 Business
                  homes and businesses, which                         According to new research by
                  means there could be as much                        Dynamic Markets, one in five of
                  as 50 terabytes of energy data                      the UK's largest companies now
                  that can emerge from a million                      quantify the value of corporate
or so homes in a year. The problem has been                           data on their balance sheets. The
that there haven‘t been very many ways to make       businesses making the most of their intelligence
good use of all this data to benefit the average     are doing so by tackling mountains of figures. This
consumer. A new startup has created algorithms       article from BBC explains that decision making is
that can dig into real-time smart meter energy-      the essence of management and argues that Big
consumption data, can reduce consumers‘ home         Data and analytics together help making a better
energy use by between 4 percent to 12 percent,       business.
and can also deliver other beneficial home           See article
services to consumers. Their CEO details about
what it‘s been up to.
See article
Customer Understanding Drives
Investment In Big Data
Analytics                                         Introducing A Big Data Prediction
                 Gaining        a      better     Engine For The Power Grid
                 understanding             of
                                                                      Imagine if you took the power of
                 customers is the main
                                                                      Netflix or Amazons recommendation
                 motivation for big data
                                                                      engines and used them for utilities
                 programmes. This is one
                                                                      energy data. Tools like this will be
                 finding        from        a
                                                                      needed, given that down the road
SearchDataManagementUK survey of 184 UK
                                                                      there could be more data created by
and continental European IT and business
                                                  the power grid than by the Internet. In this article, you
professionals who are primarily engaged with
                                                  will discover how this platform which takes petabytes
data matters. This article gives insights on
                                                  of grid data — both structured and unstructured —
how investment in big data analytics will
                                                  crunches it to predict and analyze what it happening on
help understanding customers.
                                                  the grid in real time.
See article
                                                  See article




Footnote
Leadership Conference Materials
On 9th – 11th October, one of our strategic partners SAS held their annual Premier Business Leadership
conference in Las Vagas. You can find the material from this conference in the link below, covering key
note presentations, case studies and workshops on topics such as Big Data, customer analytics and
enterprise performance management.
View Conference Materials
                                                                                                  back to top



Figure It Out Blog
   Have you visited the Figure it out blog yet?
                                                                                                  back to top



Feedback
We hope that you have enjoyed reading this sixteenth edition of Analytical Thinking and hope that it
has provided you with a good insight into some of the value that is currently being realised through
Business Analytics solutions. If you would like to find out more about our services and propositions then
please contact Nigel Lewis or Jon Chadwick. If you have any suggestions on how we can improve this
newsletter or if you have received it via a colleague and would like to subscribe then please contact
Charlotte Skornik. If you spot an article that is Business Analytics related then we'd like to know about
it, please submit it to Charlotte Skornik, and it may appear in the next edition of Analytical Thinking!
                                                                                                  back to top



              The information contained in this newsletter is proprietary and confidential.
     It is for Capgemini internal use only. Copyright © 2012. All rights reserved by Capgemini.

                                      subscribe to this newsletter
This is a fortnightly newsletter, if you don’t want to receive it anymore, please let me know.

Regards,

Charlotte Skornik
Business Analytics | Operational Research

charlotte.skornik@capgemini.com
Tel: +44 (0) 870 904 5666 - Mob: +44 (0) 789 115 5666
www.uk.capgemini.com
40 Holborn Viaduct - London - EC1N 2PB




Connect with us:



Capgemini Consulting is the strategy and transformation consulting brand of Capgemini Group


is at No 1, Forge End, Woking, Surrey, GU21 6DB.

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Analytical thinking 16 - October 2012

  • 1. Analytical Thinking Analytical Thinking 16 - A Newsletter from the UK Business October 2012 Analytics Team Introduction Introduction Welcome to the latest edition of Analytical Thinking, a newsletter from the UK Business Analytics community providing snippets of insight on what people have been saying and how organisations have been using our capability over the last 2 weeks. Within this edition, we have two different sections. The Big Data section is made with articles explaining how Big Data is affecting several domains like the financial services, health and retail. The Big Data and Analytics section holds some insights on how Big Data and Analytics together can improve businesses and release innovation, with 2 applications within the utilities sector. back to top Big Data Big Data In Insurance - Is The Big Data Is Industry Ready To Take Transforming Advantage? Healthcare Insurance companies have Big Data is all around us. It‘s in traditionally operated under silos the way we shop, do our by building their systems and finances, and tweet. To some, applications from ground up. As it‘s more information than your new processes, products and laptop can handle. Others define it as melding technologies emerged, more silos were created data from different sources and seeing what due to lack of integration among the existing one. patterns emerge. As People are measuring The traditional methods employed by insurance everything from their sleeping patterns to how fast companies for risk, actuarial and product their toenails grow, using devices as varied as analyses, reserving, market penetration, customer smartphones, headbands, cars that track their churn etc. are being pushed to backseat, and own health and the health of their driver, and more modern, accurate, penetrative and carpets that monitor a person‘s balance and gait, conclusive methods are driving business priorities. this use of Big Data is certainly transforming This article argues that there are some major healthcare. challenges that need to be address for insurance See article carriers to stay in the race. See article
  • 2. 3 Big Data Insights From The Grandfather Of Google Shopping At The Bank Glass For more than a decade bankers have fretted about the threat posed to Following an article from Analytical them by the banking arms of Thinking 13, this article will give supermarkets. The likes of Walmart you 3 Big Data insights from MIT and Tesco have thousands of outlets Media Lab Professor Alex ‗Sandy‘ that customers visit millions of times Pentland, a pioneer in big data, a week. Yet now banks and other computational social science, financial institutions are learning to mobile and health systems, and technology for crunch the data they hold on their customers. This developing countries as well as being the pioneer article from the economist explains that instead of behind ‗Google Glasses‘ - a prototype heads up being supplanted by supermarkets, banks may display that literally makes digital data a lens sway shoppers. through which we see society in the ―real‖ world. See article See article Big Data and Analytics Big Data Opportunity For Smart Viewpoint: Big Data And Big Metering Analytics Means Better Utilities worldwide are installing smart meters on Business homes and businesses, which According to new research by means there could be as much Dynamic Markets, one in five of as 50 terabytes of energy data the UK's largest companies now that can emerge from a million quantify the value of corporate or so homes in a year. The problem has been data on their balance sheets. The that there haven‘t been very many ways to make businesses making the most of their intelligence good use of all this data to benefit the average are doing so by tackling mountains of figures. This consumer. A new startup has created algorithms article from BBC explains that decision making is that can dig into real-time smart meter energy- the essence of management and argues that Big consumption data, can reduce consumers‘ home Data and analytics together help making a better energy use by between 4 percent to 12 percent, business. and can also deliver other beneficial home See article services to consumers. Their CEO details about what it‘s been up to. See article
  • 3. Customer Understanding Drives Investment In Big Data Analytics Introducing A Big Data Prediction Gaining a better Engine For The Power Grid understanding of Imagine if you took the power of customers is the main Netflix or Amazons recommendation motivation for big data engines and used them for utilities programmes. This is one energy data. Tools like this will be finding from a needed, given that down the road SearchDataManagementUK survey of 184 UK there could be more data created by and continental European IT and business the power grid than by the Internet. In this article, you professionals who are primarily engaged with will discover how this platform which takes petabytes data matters. This article gives insights on of grid data — both structured and unstructured — how investment in big data analytics will crunches it to predict and analyze what it happening on help understanding customers. the grid in real time. See article See article Footnote Leadership Conference Materials On 9th – 11th October, one of our strategic partners SAS held their annual Premier Business Leadership conference in Las Vagas. You can find the material from this conference in the link below, covering key note presentations, case studies and workshops on topics such as Big Data, customer analytics and enterprise performance management. View Conference Materials back to top Figure It Out Blog Have you visited the Figure it out blog yet? back to top Feedback We hope that you have enjoyed reading this sixteenth edition of Analytical Thinking and hope that it has provided you with a good insight into some of the value that is currently being realised through Business Analytics solutions. If you would like to find out more about our services and propositions then please contact Nigel Lewis or Jon Chadwick. If you have any suggestions on how we can improve this newsletter or if you have received it via a colleague and would like to subscribe then please contact Charlotte Skornik. If you spot an article that is Business Analytics related then we'd like to know about it, please submit it to Charlotte Skornik, and it may appear in the next edition of Analytical Thinking! back to top The information contained in this newsletter is proprietary and confidential. It is for Capgemini internal use only. Copyright © 2012. All rights reserved by Capgemini. subscribe to this newsletter
  • 4. This is a fortnightly newsletter, if you don’t want to receive it anymore, please let me know. Regards, Charlotte Skornik Business Analytics | Operational Research charlotte.skornik@capgemini.com Tel: +44 (0) 870 904 5666 - Mob: +44 (0) 789 115 5666 www.uk.capgemini.com 40 Holborn Viaduct - London - EC1N 2PB Connect with us: Capgemini Consulting is the strategy and transformation consulting brand of Capgemini Group is at No 1, Forge End, Woking, Surrey, GU21 6DB.