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Big Data Readiness & Business Intelligence Capabilities Matrix

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Big Data Readiness & Business Intelligence Capabilities Matrix

  1. 1. Big Data Readiness & BI Capabilities Matrix Philadelphia Technology for Value-based Healthcare Michael Ghen
  2. 2. Overview Big Data Readiness: ● What is big data? ● Why does it warrant a different approach? ● Rubric Business Intelligence Capabilities Matrix: ● What is business intelligence? ● Four capabilities ● Measuring BI maturity
  3. 3. “Big Data” Gartner’s IT Glossary: Big data is high-volume, high-velocity, and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making. SAS: Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis
  4. 4. Beyond a marketing definition of “big data” ● Description is not a definition ● Do you really have a “big data” problem? ● Are you really using a “big data” solution? ● Fundamentally: Big data is about applying innovative and cost effective techniques for solving existing and future business problem whose resource requirements exceed the capabilities of traditional computing environments as currently configured within the enterprise.
  5. 5. Beyond a marketing definition of “big data” Do you really have a “big data” problem? ● Are there existing tools available within your enterprise to solve the problem? ● Are resources available? ● Is this a local problem or a global problem? Are you really using a “big data” solution? ● Is the solution cost-effective? ● Does it leverage new techniques and capabilities? ● Does it solve for future business problems? (local vs. global)
  6. 6. Big Data vs. Small Data Small Data: ● Electronic medical records from one hospital ● Single click event from telemedicine system ● Claims data for patients of a single insurer Sample of data Big Data: ● All EMRs from all hospitals in a health system ● All user activity from a telemedicine system ● All payers all claims data The complete set of all data
  7. 7. Big Data Approach vs. Small Data Approach Small Data Approach: ● Use the data you can handle ● Sample the data ● Simplify the analysis, make assumptions ● Solve the local problem ● Use rule-based systems Analyst’s Approach Big Data Approach ● Use all the data you can get ● Cleanse the data, focus on data quality ● Use advanced analysis techniques ● Create global solutions ● Use inferential systems Scientist’s Approach
  8. 8. What is driving businesses to adopt big data solutions? ● Increased data volumes being captured and stored ● Rapid acceleration of data growth ● Increased data volumes pushed into the network ● Growing variation in types of data assets for analysis ● Alternative and unsynchronized methods for facilitating data delivery ● Rising demand for real-time integration of analytical results
  9. 9. Lowering the barrier to entry ● More analytics and BI tools exist today than ever before ● Cloud computing ● “Free trials”
  10. 10. Big Data Readiness Assessment Measures: ● Feasibility ● Reasonability ● Value ● Integrability ● Sustainability Meaning: ● Are we capable of doing this? ● Do we need to be doing this? ● Will this provide value? ● Can we incorporate this? ● Are we able to keep doing this?
  11. 11. How ready are you? Complete the rubric for your organization Are you currently explore big data solutions? What challenges are you facing as an organization? Does your score align with your challenges?
  12. 12. Feasibility 0 1 2 3 4 Evaluation of new technology is not officially sanctioned Organization tests new technologies in reaction to market pressure Organization evaluates and tests new technologies aftermarket evidence of successful use Organization is open to evaluation of new technology. Adoption of technology is on an ad hoc basis based on convincing business justifications. Organization encourages evaluation and testing of new technology. Clear Decision process for adoption or rejection. Organization supports allocation of time to innovation.
  13. 13. Reasonability 0 1 2 3 4 Organization's resource requirements for near-, mid-, and long-terms are satisfactorily met Organization's resource requirements for near-, and mid-terms are satisfactorily met, unclear as to whether long-term needs are met Organization's resource requirements for near-term is satisfactorily met, unclear as to whether mid- and long-term needs are met Business challenges are expect to have resources requirements in the mid- and long-terms that will exceed the capability of the existing and planned environment Business challenges have resource requirements that clearly exceed the capability of the existing and planned environment. Organization's go-forward business model is highly information-centric.
  14. 14. Value 0 1 2 3 4 Investment in hardware resources, software tools, skills training, and ongoing management and maintenance exceeds the expected quantifiable value The expected quantifiable value widely is evenly balanced by an investment in hardware resources, software tools, skills training, and ongoing management and maintenance Selected instances of perceived value may suggest a positive return on investment Expectations for some quantifiable value for investing in limited aspects of the technology The expected quantifiable value widely exceeds the investment in hardware resources, software tools, skills training, and ongoing management and maintenance
  15. 15. Integrability 0 1 2 3 4 Significant impediments to incorporating any nontraditional technology into environment Willingness to invest effort in determining ways to integrate technology, with some successes New technologies can be integrated into the environment within limitations and with some level of effort Clear processes exist for migrating or integrating new technologies, but require dedicated resources and level of effort No constraints or impediments to fully integrate technology into operational environment
  16. 16. Sustainability 0 1 2 3 4 No plan in place for acquiring funding for ongoing management and maintenance costs. No plan for managing skills inventory Continued funding for maintenance and engagement is given on an ad hoc basis. Sustainability is at risk on a continued basis Need for year-by-year business justification for continued funding Business justifications ensure continued funding and investments in skills Program management office effective in absorbing and amortizing management and maintenance costs. Program for continuous skills enhancement and training
  17. 17. What is Business Intelligence? Gartner IT Glossary: Business intelligence is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance Sabherwal & Becerra-Fernandez: Providing decision makers with valuable information and knowledge by leveraging a variety of structured and unstructured information
  18. 18. Data, Information, and Knowledge Data: ● Facts, observations, or perceptions, which may or may not be correct ● Represents raw numbers or assertions, and may therefore be devoid of meaning, context, or intent Information: ● Data that possesses context, relevance, and purpose Knowledge: ● Justified beliefs about relationships among concepts relevant to a particular area
  19. 19. The Refinery Analogy
  20. 20. Data, Information, Knowledge, and Decisions
  21. 21. Four Synergistic BI Capabilities Capabilities: ● Organizational Memory ● Information Integration ● Insight Creation ● Presentation Description:
  22. 22. How capable are you? Complete the rubric for your organization Are you doing business intelligence? How intelligent is your business? Are you doing analytics or just some form of pseudo-analytics?
  23. 23. Organizational Memory Description ● Represents an organization's accumulated history, including data, information, and knowledge ● Focuses on the storage of intellectual sources (data, information, and explicit knowledge) in such form that they can later be accessed and used Capability Matrix Items: ● Operational Databases ● Data Lake ● Data Warehouse ● Data Markets ● Knowledge Repositories
  24. 24. What is a data lake?
  25. 25. Information Integration Description ● Represents the ability to link past structured and unstructured content from a variety of sources that comprise organizational memory with the new, real-time, content Capability Matrix Items: ● Environmental Scanning ● Text Mining ● Web Mining ● Integrating External Structured Data ● Integrating External Unstructured Data ● Integrating Internal Structured Data ● Integrating Internal Unstructured Data
  26. 26. Insight Creation Description ● Focuses on the utilization of “raw materials” to produce valuable new insights and enable effective decisions making based on continual rather than periodic analysis. Capability Matrix Items: ● Data Mining ● Business Analytics ● Real-time Decision Support
  27. 27. Presentation Description ● The point of contact between BI and the end user ● Focuses on presenting the appropriate information in a user-friendly fashion based on the user's role, the specific task, and the user's inputs regarding the nature of the presentation Capability Matrix Items: ● Enterprise OLAP ● Visual Analytics ● Performance Dashboards ● Scorecards ● Enterprise Key Performance Indicators ● Vigilant Information Systems
  28. 28. Four Synergistic BI Capabilities Capabilities: ● Organizational Memory ● Information Integration ● Insight Creation ● Presentation Description:

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