infovision 2011 keynote business transformation in data deluge world, k r sanjiv, sr. vp, wipro
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Infovision 2011 Keynote Business Transformation in data deluge world, K R Sanjiv, Sr. VP, Wipro http://informationexcellence.wordpress.com/2011/10/28/infovision2011-presentations/TRANSCRIPT
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Data Deluge
Variety of DataData Volume
Velocity of increase
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New data sources bring new value
EDW & Big Data Platforms
Business Insights
Machine Generated
Pattern Matching, Time Series Analysis
Social network/graph analysis/text analysis
Social Media – Web Logs
Customer Interactions
Click stream/document/text analysis
Manufacturing & Retail –
Sensor
Media –Segmentation &
Behavior
Energy & Utilities
Transportation – Stock
Tracking Finance & Insurance – Risk
Assessment Telecom - CDR
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Successful Businesses today need
1 Innovation to win in a world of constraints
2 Variabilization of IT to enhance business agility
3 Harnessing consumerization of technology
4 Analytics led performance enhancement
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Analytics Driven Performance
Unlocking Consumer Value
Channel Engineering
In Process Effectiveness
Improved Risk & Compliance
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Unlocking Consumer Value
Increased Prevalence of
Citizen portals
Availability of customer data has increased
65% of top 50 retailers
have loyalty cards Increased penetration
of social media
Credit/Debit cards
account for 50% of
all transactions
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Unlocking Consumer Value
Leading to
• Integration of CRM & Social
profiles to drive customer
initiatives
• Ability to capture & respond
to brand perception &
sentiment at a broader level
• Focused intervention based on
specific events
Driving Transformation
• Demography driven
optimization
• Next best offer
• Combining purchase patterns
to health insurance
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Channel Engineering
Increase in importance for online channel ~ 50% of
retail sales from online/online sales
Social media becomes a premier listening
channel
M not E becomes the buzz word
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Channel Engineering
Leading to
• Enhanced opportunities to
reach customers effectively
• Proliferation of media choices
& customer touch points
• Pervasiveness in usage of
analytics across channels
Driving Transformation
• Ability to integrate
interactions across channels
• Enhanced marketing &
consumer initiatives
• Fusion analytics
• Social media based product
launches
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In Process Effectiveness
Latency reduction between process & decision
making
Technology advances in in-memory computing
Leading to
In process analytics for optimizing process decision
Real time analytics to enable timely decision making
Driving Transformation
Vendor recommendation based on buy patterns
Investment advice effectiveness
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Improved Risk and Compliance
Ability to
manage new
forms of data
New age fraud &
detection
Increased focus on
health & safety
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Improved Risk & Compliance
Leading to
• Early intervention on potential
compliance failures
• Newer techniques on fraud
detections using social media &
internet as a source
Driving Transformation
• Compliance & early warning
systems in Pharma & medical
device space
• Fraud detection using social
media
• Ability to predict adverse
events in O&G exploration
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Best Practices
Enterprise level “top down” approach.
Identify key processes and enhance, the
“bottom up” approach.
Every Business transformation initiative
needs an information transformation track
One Size does not fit all- pick up the right
architecture to support the new age data
Change management is key to success