big data resolutions 2014

The hype is everywhere—Big Data is revolutionizing everything from law enforcement to selling shampoo. But the reality is many CIOs aren’t sure how to take their first steps toward adopting

Big Data. Andrew Jennings, Chief Analytics Officer at FICO, offers 10 New Year’s resolutions for CIOs who want to take the Big Data plunge in 2014.

Big Data Resolutions for 2014

Dr. Andrew Jennings, Chief Analytics Officer, FICO

© 2014 Fair Isaac Corporation. All rights reserved. 2

Add people to my team who are fluent in languages such as Groovy, Pig and Python so we can build applications and systems that are optimized for manipulating and analyzing Big Data.

1. Learn a new language


2. MapReduce my waistline

Shed a few IT pounds by improving our ability to digest large amounts of data. Parallel computing is the way to do it, and adopting the Hadoop MapReduce framework is a great first step.


3. Live in the moment

While the collection of historical data remains important for developing analytic models, we will also deploy systems that analyze data as it streams in. Real-time analytics is the future of Big Data.


4. Expand my circle of friends

Create relationships between my analytics team and the lines of business so we can better understand the business problems that need to be solved.


5. Explore new places

Look for new data sources and new types of data that could have value for my company and improve our decision making.

6. Embrace the chaos

The amount of unstructured data—video, blogs, social data—is hundreds of times greater than the amount of structured data. We need to tap into unstructured data as a source of business intelligence.


7. Bone up on my presentation skills

Find compelling ways to present my team’s analytic discoveries, emphasizing visual, data-driven insights that can facilitate smarter decision making across the company, including the c-suite.


© 2014 Fair Isaac Corporation. All rights reserved.

8. Be a good neighbor

Encourage business units to share information across organizational silos. Partnering in this way enables more data analysis, and generates more value for the company.

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9. Get more involved in the community

Leverage open source offerings for my Big Data strategy. Collaboration with experts outside our company, and the flexibility to customize software, can help us develop state-of-the-art solutions.

© 2014 Fair Isaac Corporation. All rights reserved.

10. Be a better student

Implement machine-learning strategies to accelerate the pace of our analytic advances. Continuous feedback and input will enable us to optimize our decision making.

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FICO is a trademark or registered trademark of Fair Isaac Corporation in the United States and in other countries. Other product and company names herein may be trademarks of their respective owners. © 2014 Fair Isaac Corporation. All rights reserved.

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Learn more:Read our Insights white papers on analytics and decision management.

Check out our blogs: FICO Labs Blog

Banking Analytics Blog

Learn more about analytics at:

www.fico.com/analytics

http://www.fico.com/en/latest-thinking/insights-white-papers/

http://ficolabsblog.fico.com/

http://bankinganalyticsblog.fico.com

http://www.fico.com/landing/Analytics/index.html

big data resolutions 2014

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