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Big Data for Sales and Marketing
People
Fill the gaps companies need in their
big data teams
Who am I
• Sr Leader of Omnichannel and Innovation at
Best Buy
• Experience building and scaling big data
projects that include data science and data
visualization teams – first in the midwest and
retail
• Tekne finalist for software innovation
• Marketer at heart – Group Alum
What is Big Data
• Ask 5 people, get 5
answers
• Often defined by the V’s
– Volume – how much data
– Variety – how many kinds
of data
– Velocity – how fast data
moves
– Viability – how useful is
the data
– Value – what value will the
data add
??
Big Data and Your Career
Mckinsey Report on Big Data
Framing Big Data
5
Big Data
Value: Improved Customer Experience
Data Science: Analytics
Technology: What Tools
and Why
Data Strategist
- Measurable Results
- Multi-Channel Case Studies
- MapReduce, Hadoop
- Cassandra, The Cloud
- Pig, Hive,
- HDFS
- Solve Customer Painpoints
- Develop competitive strategy
- Alignment with Analytical Infrastructure
- Speed to Market
- Privacy Considerations
- Data Scientist + Statistician
- Where to find talent?
- Discovery Analytics
- Deep data insights
Big Data: Data becomes your core asset. It realizes its value when you know how to do what.
The Hadoop Vendor Ecosystem
Big Data is beginning to generate some returns
What businesses are saying about big data:
Improved Business Decisions: 84%
Improved Current Revenue Streams: 43%
Also Support of New Revenue Streams: 31%
Not Leveraged for Revenue Growth: 27%
However, Businesses are still seeing some gaps:
1. Going from Data to Insights
2. Taking Insights to Action
3. Creating big ideas from Insights.
Source: Avanda Inc. 2012 Big Data Survey
How Sales and Marketers Fit into Big Data
The world of big data is changing. As more companies move to real time, they are starting
to realize that a tech driven strategy will not give them the better business performance or
customer experience they crave. That’s where sales and marketers come in or the new
data strategists.
Data Management Framework
• Holistic approach to understand the
information needs of the enterprise
& its stakeholders
• Consistency for planning & process
development
• 10 major functional areas, including
governance
• Aligns data with business strategy
(above) and technology (below)
• Takes into account the data lifecycle
– creation through destruction
• Internationally recognized through
Data Management Association
International (DAMA)
Signal Types
Signals have attributes depending on their representation in time or frequency domain can
also be categorized into multiple classes
All signal types have certain qualities that describe how quickly signals can be generated
(frequency), how often the signals vary (rate of change), whether they are forward
looking (quality), and how responsive they are to stimulus (sensitivity)
Rate of Change
(Slow or Fast)
Quality
(Predictive or Descriptive)
Sensitivity
(Sensitive or Insensitive)
Frequency
(High or Low)
Sentiment
Expressed as
positive, neutral,
or negative, the
prevailing
attitude towards
and entity
Behavior
These signals
identify
persistent
trends or
patterns in
behavior over
time
Event/Alert
A discrete signal
generated when
certain
threshold
conditions are
met
Clusters
Signals based on
an entity’s
cohort
characteristics
Correlation
Measures the
correlation of
entities against
their prescribed
attributes over
time
Finding Signals in Unstructured Data
High quality signals are necessary to distill the relationship among all the of the Entities
across all records (including their time dimension) involving those Entities to turn Big Data
into Small Data and capture underlying patterns to create useful inputs to be processed by a
machine learning algorithm.
For each dimension, develop meta-
data, ontology, statistical measures,
and models
Timing/
Recency
Measure the
freshness of
the data and
of the insight
Source
Measure
sources’
strength:
originality,
importance,
quality,
quantity,
influence
Content
Derive the
sentiment
and meaning
from tracking
tools to
syntactic and
semantics
analysis
Context
Create symbol
language to
describe
environments
in which the
data resides
Clickstreams
Social
Articles
Blogs
Tweets
The Data, Insights, Action Gap
The Data Insights Gap
Data to insights can often fall
short for a number of issues
- Difficulties in defining
areas of focus for external
data
- Only gradual adoption of
exception analytics and
automated opportunity
seeking
- Example (P&G / Verix
Systems)
- Opportunity seeking
business alerts
- Value share alerts
- Out of stock alerts
- New Launch alerts
The Insights Action Gap
Processes and systems
designed prior to big data
thinking
Examples:
- CRM
- Pricing: Buy now in-store
pricing
- Supply chain and logistics
- Prevalence of operational
, internal metrics
- Complex new concepts:
“Intents”
New Solutions Must Aid Human Insight
Big Data + Personalization + Amplified Human Intelligence
Last Decade
- Structured Data
- Conclusive Dashboards
- Small scale / sampling
A data architect built a
view to reach a specific
conclusion
Next 5 Years
- Any data, from
anywhere
- Intuitive exploration
- Making sense of it
at scale
Business users easily
find, explore, visualize
and navigate insights
Human Motion Graph
19
New Tools Same Solutions
We have new data sets to help us engage customers, the technology can’t solve the
customer experience issues. Companies want marketers with an understanding of
Tech
Case Study: Rent the Runway
• Rent the Runway rents high end dresses to women,
similar to the model of renting tuxedoes to men.
• RTR collects many data points on users experience the
same items.
• Hundreds of women rent the same style, site average
of 300 orders per dress up to 1000.
• 1/6th of customers have written at least 1 review.
• Women are willing to provide information to help
others make decisions, 50% of reviewers share their
weight, 60% share their bust size.
• Seeing a photo review increases the likelihood of
renting by 200%
• RTR wanted to create a better personalization
system for women searching for the right
dress.
• How many data points do we need to
accurately find other women in our user base
like you?
• Start basic: Same size, demographics.
• Expand: Similar taste
• Evaluate: Clickstream updating
RTR: Calculating Sameness
• Even with only 4 points of comparison (size, age,
height, bust) over 100,000 possible combinations.
• Too much detail narrows the results set too far
• Slow to compute, large to store.
• Simplify, create buckets per characteristic
– Height: Petite, Short, Average, Tall
– Bust: Small, med, large
– Age: Demographic group
– Result: 864 vectors that accurately capture the range
of women shopping the site.
RTR: Future of Fashion Retailing
• The future of fashion retailing is data driven
• Crowdsourcing of fit and style matching will
become more widespread.
• As confidence in the business model grows, so
will positive experiences with customers.
What is Data Science
Data science is a discipline for making sense of unstructured as well as numerous
data sets at scale
Disparate Data
- News
- Web
- Email
- Research
- Clickstream
- Various
external data
sets
Interpret
Deep processing
of data structured
and unstructured
Resolve
Assemble, organize,
and relate
Reason
Uncover
relationships,
compare and
correlate
Machine Learning
Distributed Processing (Hadoop)
Alignment with Business Goals
Cross team Customer Experience Improvment
What is Data Visualization
Data Visualization is the discipline of telling the story of what the data is saying via
visuals
Disparate Data
- News
- Web
- Email
- Research
- Clickstream
- Various
external data
sets
Interpret
After data science
finds insights,
create the story
Resolve
Challenges of story
telling
Reason
Express large
complex data in
easy to
understand
visuals
Data visualization tools
Graphic Arts
Light coding
Understand human interaction
What is Data Strategy
Data strategy is a discipline that managed the customer experience via the
understanding of what data says about the customer experience
Disparate Data
- News
- Web
- Email
- Research
- Clickstream
- Various
external data
sets
Interpret
How the customer
experiences
products
Resolve
Pain points and
business objectives
via technology
Reason
Uncovers what
motivates
customers
Marketing and Sales
High level understanding of technology tools
Understands how to use visualization to sell
Customer’s advocate for a better experience
How to Get Started
• Meetups
• Online Classes
• Conferences
• Read, Read and Read some more.
Meetups
We have several great Meetup groups locally that
are free to attend:
• Data Visualization:
http://www.meetup.com/Twin-Cities-
Visualization-Group/
• Hadoop: http://www.meetup.com/Twin-Cities-
Hadoop-User-Group/
• Big Data Developers:
http://www.meetup.com/Big-Data-Developers-
in-Minneapolis/
Classes
There are free classes available locally and
online you can take:
• Big Data University:
http://www.bigdatauniversity.com/
• Coursera: https://www.coursera.org/
Conference
There are free classes available locally and
online you can take:
• Minneanalytics: http://minneanalytics.org/
• Minnebar: http://minnestar.org/minnebar/
Read
Plenty of free blogs, sites and Linkedin groups to
join now:
• The Connected Company, Dave Gray
• The Intention Economy, Doc Searls
Companies Need you
More companies understand the need for the
business skills to be added into the big data mix.
Most need help now! 2 years ago hardly anyone
was doing this work, now, hardly anyone isn’t.
• Your skills are transferable and needed!
Big data for sales and marketing people

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Big data for sales and marketing people

  • 1. Big Data for Sales and Marketing People Fill the gaps companies need in their big data teams
  • 2. Who am I • Sr Leader of Omnichannel and Innovation at Best Buy • Experience building and scaling big data projects that include data science and data visualization teams – first in the midwest and retail • Tekne finalist for software innovation • Marketer at heart – Group Alum
  • 3. What is Big Data • Ask 5 people, get 5 answers • Often defined by the V’s – Volume – how much data – Variety – how many kinds of data – Velocity – how fast data moves – Viability – how useful is the data – Value – what value will the data add ??
  • 4. Big Data and Your Career Mckinsey Report on Big Data
  • 5. Framing Big Data 5 Big Data Value: Improved Customer Experience Data Science: Analytics Technology: What Tools and Why Data Strategist - Measurable Results - Multi-Channel Case Studies - MapReduce, Hadoop - Cassandra, The Cloud - Pig, Hive, - HDFS - Solve Customer Painpoints - Develop competitive strategy - Alignment with Analytical Infrastructure - Speed to Market - Privacy Considerations - Data Scientist + Statistician - Where to find talent? - Discovery Analytics - Deep data insights Big Data: Data becomes your core asset. It realizes its value when you know how to do what.
  • 6. The Hadoop Vendor Ecosystem
  • 7.
  • 8.
  • 9. Big Data is beginning to generate some returns What businesses are saying about big data: Improved Business Decisions: 84% Improved Current Revenue Streams: 43% Also Support of New Revenue Streams: 31% Not Leveraged for Revenue Growth: 27% However, Businesses are still seeing some gaps: 1. Going from Data to Insights 2. Taking Insights to Action 3. Creating big ideas from Insights. Source: Avanda Inc. 2012 Big Data Survey
  • 10. How Sales and Marketers Fit into Big Data The world of big data is changing. As more companies move to real time, they are starting to realize that a tech driven strategy will not give them the better business performance or customer experience they crave. That’s where sales and marketers come in or the new data strategists.
  • 11. Data Management Framework • Holistic approach to understand the information needs of the enterprise & its stakeholders • Consistency for planning & process development • 10 major functional areas, including governance • Aligns data with business strategy (above) and technology (below) • Takes into account the data lifecycle – creation through destruction • Internationally recognized through Data Management Association International (DAMA)
  • 12. Signal Types Signals have attributes depending on their representation in time or frequency domain can also be categorized into multiple classes All signal types have certain qualities that describe how quickly signals can be generated (frequency), how often the signals vary (rate of change), whether they are forward looking (quality), and how responsive they are to stimulus (sensitivity) Rate of Change (Slow or Fast) Quality (Predictive or Descriptive) Sensitivity (Sensitive or Insensitive) Frequency (High or Low) Sentiment Expressed as positive, neutral, or negative, the prevailing attitude towards and entity Behavior These signals identify persistent trends or patterns in behavior over time Event/Alert A discrete signal generated when certain threshold conditions are met Clusters Signals based on an entity’s cohort characteristics Correlation Measures the correlation of entities against their prescribed attributes over time
  • 13. Finding Signals in Unstructured Data High quality signals are necessary to distill the relationship among all the of the Entities across all records (including their time dimension) involving those Entities to turn Big Data into Small Data and capture underlying patterns to create useful inputs to be processed by a machine learning algorithm. For each dimension, develop meta- data, ontology, statistical measures, and models Timing/ Recency Measure the freshness of the data and of the insight Source Measure sources’ strength: originality, importance, quality, quantity, influence Content Derive the sentiment and meaning from tracking tools to syntactic and semantics analysis Context Create symbol language to describe environments in which the data resides Clickstreams Social Articles Blogs Tweets
  • 14. The Data, Insights, Action Gap The Data Insights Gap Data to insights can often fall short for a number of issues - Difficulties in defining areas of focus for external data - Only gradual adoption of exception analytics and automated opportunity seeking - Example (P&G / Verix Systems) - Opportunity seeking business alerts - Value share alerts - Out of stock alerts - New Launch alerts The Insights Action Gap Processes and systems designed prior to big data thinking Examples: - CRM - Pricing: Buy now in-store pricing - Supply chain and logistics - Prevalence of operational , internal metrics - Complex new concepts: “Intents”
  • 15.
  • 16.
  • 17.
  • 18. New Solutions Must Aid Human Insight Big Data + Personalization + Amplified Human Intelligence Last Decade - Structured Data - Conclusive Dashboards - Small scale / sampling A data architect built a view to reach a specific conclusion Next 5 Years - Any data, from anywhere - Intuitive exploration - Making sense of it at scale Business users easily find, explore, visualize and navigate insights
  • 20. New Tools Same Solutions We have new data sets to help us engage customers, the technology can’t solve the customer experience issues. Companies want marketers with an understanding of Tech
  • 21. Case Study: Rent the Runway • Rent the Runway rents high end dresses to women, similar to the model of renting tuxedoes to men. • RTR collects many data points on users experience the same items. • Hundreds of women rent the same style, site average of 300 orders per dress up to 1000. • 1/6th of customers have written at least 1 review. • Women are willing to provide information to help others make decisions, 50% of reviewers share their weight, 60% share their bust size. • Seeing a photo review increases the likelihood of renting by 200%
  • 22. • RTR wanted to create a better personalization system for women searching for the right dress. • How many data points do we need to accurately find other women in our user base like you? • Start basic: Same size, demographics. • Expand: Similar taste • Evaluate: Clickstream updating
  • 23. RTR: Calculating Sameness • Even with only 4 points of comparison (size, age, height, bust) over 100,000 possible combinations. • Too much detail narrows the results set too far • Slow to compute, large to store. • Simplify, create buckets per characteristic – Height: Petite, Short, Average, Tall – Bust: Small, med, large – Age: Demographic group – Result: 864 vectors that accurately capture the range of women shopping the site.
  • 24. RTR: Future of Fashion Retailing • The future of fashion retailing is data driven • Crowdsourcing of fit and style matching will become more widespread. • As confidence in the business model grows, so will positive experiences with customers.
  • 25. What is Data Science Data science is a discipline for making sense of unstructured as well as numerous data sets at scale Disparate Data - News - Web - Email - Research - Clickstream - Various external data sets Interpret Deep processing of data structured and unstructured Resolve Assemble, organize, and relate Reason Uncover relationships, compare and correlate Machine Learning Distributed Processing (Hadoop) Alignment with Business Goals Cross team Customer Experience Improvment
  • 26. What is Data Visualization Data Visualization is the discipline of telling the story of what the data is saying via visuals Disparate Data - News - Web - Email - Research - Clickstream - Various external data sets Interpret After data science finds insights, create the story Resolve Challenges of story telling Reason Express large complex data in easy to understand visuals Data visualization tools Graphic Arts Light coding Understand human interaction
  • 27. What is Data Strategy Data strategy is a discipline that managed the customer experience via the understanding of what data says about the customer experience Disparate Data - News - Web - Email - Research - Clickstream - Various external data sets Interpret How the customer experiences products Resolve Pain points and business objectives via technology Reason Uncovers what motivates customers Marketing and Sales High level understanding of technology tools Understands how to use visualization to sell Customer’s advocate for a better experience
  • 28. How to Get Started • Meetups • Online Classes • Conferences • Read, Read and Read some more.
  • 29. Meetups We have several great Meetup groups locally that are free to attend: • Data Visualization: http://www.meetup.com/Twin-Cities- Visualization-Group/ • Hadoop: http://www.meetup.com/Twin-Cities- Hadoop-User-Group/ • Big Data Developers: http://www.meetup.com/Big-Data-Developers- in-Minneapolis/
  • 30. Classes There are free classes available locally and online you can take: • Big Data University: http://www.bigdatauniversity.com/ • Coursera: https://www.coursera.org/
  • 31. Conference There are free classes available locally and online you can take: • Minneanalytics: http://minneanalytics.org/ • Minnebar: http://minnestar.org/minnebar/
  • 32. Read Plenty of free blogs, sites and Linkedin groups to join now: • The Connected Company, Dave Gray • The Intention Economy, Doc Searls
  • 33. Companies Need you More companies understand the need for the business skills to be added into the big data mix. Most need help now! 2 years ago hardly anyone was doing this work, now, hardly anyone isn’t. • Your skills are transferable and needed!