the evolution of data and new opportunities for analytics
TRANSCRIPT
The Evolution of Data and New Opportunities for AnalyticsSteve HolderNational Practice Leader – SAS Canada
» We are not:» An Airline» An Elite Fighting Unit» Software as a Service
Who is SAS?
Who is SAS?
» We are: A 38 year old software company The market leader in analytics Empowering business with The Power to
know allowing them to :· Anticipate Opportunity· Take Action· Drive Impact
EVOLUTION OF DATA» WE’VE GROWN OVER THE LAST 60 YEARS
Then the Apps emerged…data grew at an incredible pace
EVOLUTION OF DATA
BIG DATA…IS EVERYWHERE
• Internet – Social Media• Customer Interactions• Bank Transactions• Financial Feeds• Telecommunications• Sensors• Intelligent Devices….and many more
Democratization of IT
Data Discovery
“Big Data”
Data Scientists
Information as an Asset
INESCAPABLE TRENDS
Big Data
Analytics
Internet of Things
0
500
1000
1500
2000
2500
3000
3500
Big DataAnalyticsInternet of Things
VALIDATION
VALIDATION
“Retailers exploiting data analytics could increase their operating margins by more than 60 percent” - McKinsey Global Institute
“US healthcare sector could reduce costs by 8 percent”- McKinsey Global Institute
“Big Data Analytics spending will grow by 30%”- IDC Predictions 2014
2.7ZB2013
MegaGigaTeraPetaExaZettaYottaBronto
SO HOW BIG IS BIG DATA
7.9ZB2015Gigabyte
WHERE’S BIG DATA TODAY
» Rapid growth of data
8 TB/day
40 TB/hour52 PB/day
ANALYTICS
an·a·lyt·icsˌanəˈlidiks/ nounAnalytics is the discovery and communication of meaningful patterns in data. Especially valuable in areas rich with recorded information, analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance. Analytics often favors data visualization to communicate insight.
- Wikipedia 2015
ANALYTICS
Analytics solve business problems by exploring an idea with data.
- Steve Holder
ANALYTICS
Explore and Get Value
Now
Relationship
Idea
Difference
Trend
PredictionIdeaIdea
CHALLENGE• Monitoring Electronic Submersible Pump (ESP) Efficiency and
Well Performance for deep sea drilling in the Gulf of Mexico. • ESP’s are 1500 horsepower pumps operating some 8,000 feet
below sea level. • They pump oil 14-15,000 feet from below the ocean floor
• Failure of one of these pumps = $2M/day• Platform generates 100K barrels/ day
CHALLENGE• Consumer mobile phone market is saturated• Highly competitive landscape with rising acquisitions costs• Customers offer more data than ever and expect intimacy
• Leverage data to drive relationships and links with customers• Ability identify high influence customers• Target offers and actions for them• Retain them and their network (reduce churn)
Questions and AnswersSteve HolderNational Practice [email protected]
Visit to learn more: http://www.sas.com