big data - gold panning in the information age
TRANSCRIPT
BIG DATA –Goldwäsche im Informationszeitalter
Dr. Volker Stümpflen
6. November 2014
Siehe Capital Beilage 10/2014: http://issuu.com/inpactmediaverlag/docs/big_data_capital_okt2014
Clueda AG
Fresh off the pressNew applications and higher profitability than coal mines
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Angela Merkel: “Big-Data-Mining” sei so
“vielleicht doch gewinnträchtiger als
der Kohlebergbau”.
http://www.deutschlandfunk.de/it-gipfel-merkel-mahnt-mehr-datenschutz-an.1818.de.html?dram:article_id=300957
Clueda AG
Big Data: High Growth MarketGlobal demand for quicker and better decisions
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http://www.bain.com/publications/articles/big_data_the_organizational_challenge.aspx/
More likely to make
decisions much faster
thancompetitors
More likely to execute
decisions asintended
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A Novel IndustryEmerging new technologies and companies
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Data
Applications
Social Media Analytics
Operational Intelligence
Business Intelligence
Analytics Visualization
IBM7%
HP5%
Dell4%
SAP3%
Teradata3%
Others 78%
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Pain in the Neck:
Losing Millions in Seconds
Due to Information Delay
Faked AP Tweet:Loss of S&P 500 alone totaled $136.5 billion within six minutes !!!
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The Dark Matter of Big DataUnstructured information
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Structured Data
Standard machine processing
Unstructured Data
Hard to interpret for computers
80 - 90 % of data in financial services is unstructured[1]
[1] http://www.oracle.com/us/industries/financial-services/bigdata-in-fs-final-wp-1664665.pdf
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3 Steps to Optimal Decision MakingSupported by Big Data analytics
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Read
Simplify reading and interrelation recognition
Understand
Gain knowledge through understanding
Decide
Decide based on optimized knowledge
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Gold panning in the information ageRelevant knowledge is the new gold
Each day,
500,000 news are released
200 million tweets are posted
294 billion e-mails are sent
2 million blog posts are written
But merely
1 is relevant
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Clueda AG
Timely decision support through cognitive computingClueda reads and understands news in real-time
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Real-time: 1.000 Sentences per Second (SpS)
What clients have:-News-Blogs-Tweets-Emails
-Pdfs-Word-Databases…
What clients get:
REAL-TIME EVENT DETECTION
What our engine does:-Detects events-Eliminates duplicates-Evaluates sentiment
-Generates alerts-Establishes associations-Understands concepts-…
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Cognitive UnderstandingBased on 10+ years of research in systems biology and cognitive computing
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Linguistics and event detection
Never miss a business relevant event. Be the first to know and act.
Clueda.Engine can find the events of your interest, e.g. company mergers, CEO resignation and rumors.
Pfizer FDA Approvalwins
FDA approval event
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Knowledge NetworksInspired by the human brain
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Apple
Samsungverklagt
beliefert
HP
beliefert
Tim Cook
ist CEO
Canon
beliefert
Cirrus Logic
beliefertbeliefert
China
Seltene Erden
beliefert
kontrolliert
benötigt
In collaboration with
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Challenge:
Obtention of market moving informationin real-time
Solution:
Real-time analysis of unstructured information to retrieve:
• Events
• Sentiments
• Trends
Benefit:
Get the decision relevant information in real-time, faster than competitors; act quick and take profits
SolutionsFinancial Services & Banking
Current clients
The positive effect on theincomestatement isestimated to be€ 2 million.
Current prospects
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Challenge:
• Securities regulations in the U.S FINRA & SEC
Solution:
• Analyze mail and chat streams
• Multiple search-options
• Define alerts and events
• Dashboard with statistic features
• Fraud triangle
Benefit:
• Be compliant and act preventivelythrough events/alerts
• Prevent penalties
• Detect frauds
SolutionsCompliance ($7.5 billion market in 2018*)
Current prospects
In negotiationsfor strategiccooperation with
*Source: Markets & Markets
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From Big Data to RelevanceNew applications and higher profitability than coal mines
Increasing investments in Big Data
Real-time relevance is key to unlocking value
Dark matter and the big challenge
Understanding unstructured data
Successful applications
Portfolio monitoring
Compliance
Cognitive computing
Predictive analytics
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Clueda AG
Dr. Volker Stümpflen
CEO
T +49 89 4161402 10
M +49 176 57288282
Clueda AG
Elsenheimerstraße 59
D-80687 München
www.clueda.com
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Contact
Selected References