welcome to the party
TRANSCRIPT
Welcome to the Party!
Alex Booth @zorroBooth
Information ExplosionEvery minute –
• Facebook users share nearly 2.5 million pieces of content.
• Twitter users tweet nearly 300,000 times.
• Instagram users post nearly 220,000 new photos.
• YouTube users upload 72 hours of new video content.
• Apple users download nearly 50,000 apps.
• Email users send over 200 million messages.
• Amazon generates over $80,000 in online sales
Image: Erik Fitzpatrick licensed CC BY 2.0
Contains a lot of people and organisation information in many different formats
Impact on Business
The impact of the information explosion on businesses is that many struggle with
• managing the volume and types of data (email, news, websites, sensors, audio, video, location, click streams, log files, etc.)
• how to consistently represent information about people and organisations
• how to control access to different types of people data and organisation data
• how to address data privacy issues• classifying and deriving value from
data• isolating the important from the
unimportant• knowing how to begin data governance
Resulting in• lost business opportunities• poor data quality• data protection issues• legal and regulatory
challenges• frustrated customers• unhappy employees
Gaps in the information infrastructure
Pressures to derive value from data and requirements for strong informationgovernance mandate that organizations have a solid enabling technologyinfrastructure for information management. However, most organizationshave significant gaps in their information infrastructure that must beaddressed. (Ted Friedman)A very important gap in the information infrastructure (and a strong focus of this presentation) is the lack of a standard and unified way to represent information about people and organisations !
PwC
“A Party is either a Person or an Organization”
Welcome to the Party!
Party
Person Organization
A Party is an identifiable, addressable unit that may have legal status and that normally has autonomous control over (at least some of) its actions*
John Brown is a Party Merrill Lynch is a Party
Alex Booth
Every Party has a Unique Identifier
The Party “pattern” provides a consistent and unified way to represent information about People and Organisations!
* Arlow & Neustadt (Addison Wesley, 2003)
PwC
Every Party has relationships
Person-Person Relationships
Organisation-Organisation Relationships
Person-Organisation RelationshipsAlex Booth
PwC
Person to Person relationships
Person-Person Relationships include the following:
Alex Booth
Role 1 Relationship Role 2
Person A Collaborator Is_Collaborating_With Person B Collaborator
Person C Subordinate Is_Managed_By Person D Manager
Person E Pupil Is_Mentored_By Person F Mentor
Person G Pupil Is_Instructed_By Person H Instructor
Person I Spouse Is_Spouse_Of Person J Spouse
Person K Parent Is_ Parent_Of Person L Child
Person M Contact Is_Contact_Of Person N Contact
PwC
Person to Organisation relationships
Person-Organisation Relationships include the following:
Alex Booth
Role 1 Relationship Role 2
Person A Candidate Pre-Hire Organisation A Prospective Employer
Person C Employee Is_Employed_By Organisation B Employer
Person E Global Relation Partner Is_GRP_for Organisation F Client
Organisation G Subsidiary Is Controlled_By Person H Owner
Organisation I Influenced Is_Influenced_By Person J Influencer
Person K Security Holder Holds_Security Organisation L Security Issuer
Person M OFI Holder Holds_OFI Organisation N OFI Issuer
Person O CFO Is_CFO_for Organisation P Employer
Person Q CEO Is_CEO_for Organisation R Employer
Person S Board Member Is_Board_Member Organisation T Listed Company
Person U Audit Partner Is_Service_Provider Organisation V Client
PwC
Organisation to Organisation relationships
Organisation-Organisation Relationships*
Alex Booth
Role 1 Relationship Role 2
Organisation A Subsidiary Is Controlled_By Organisation B Owner
Organisation C Influenced Is_Influenced_By Organisation D Influencer
Organisation E Collaborator Is_Collaborating_With Organisation F Collaborator
Organisation G Business Partner Is_Business_Partner_Of Organisation H Business Partner
Organisation I Associate Is_Associate_of Organisation J Associate
Organisation K Auditor Is_Auditor_Of Organisation L Audited Party
Organisation M Controller Effectively_Controls Organisation N Controlled
Organisation O Controller Family_Controls Organisation P Controlled
Organisation Q Business Partner Joint_Business_Relationship Organisation R Business Partner
Organisation S Global Ultimate Parent Is_GUP_of Organisation T Child of GUP
Organisation U Business Partner Joint_Venture Organisation V Business Partner
PwC
John Jones
John Jones’ Relationship
sEmployment
Sec Holder
Sec. Issuer
Merrill Lynch
Holds Security
Sec. Issuer
AppleHolds
Security
Sec. Issuer
Harbor Fund
Holds
Sec
urity
Holds Security
Holds OFI
OFI Holder
OFI Issuer
BoA
Holds OFI
Service Consumer
BP
Service Provider
Provides
Services
Provides Services
Example - What RELATIONSHIPS does an Independence System need to know about John Jones?
?
Alex Booth
Employment
Employer
Employee DirectorTaxFTEChain Of CommandBoston USA
Company A
Has Broker
Portfolio Owner
Richard Right
Broker
Has Broker Spous
e/
Cohab
itant
Mary Jones
Cohabitant
Cohabitant
Spouse/Cohabitant
Close Family
Member
James Jones
Close Relative
Close Relative
Close Family Member
John Jones’ Roles
Parties also have Roles
Using Big Data analysis to uncover more relationships
Email News Websites Social Location
BIG DATA analysis (Map & Reduce)
New party relationships
PwC
Email News Websites Social Location
BIG DATA analysis (Map & Reduce)
Finance
HR
CRM
R&Q
Relationships
Party Information Hub
Combining internal and external information in a central hub
Combined internal and
external party relationships
Using Artificial Intelligence to gain new insights
Party InformationHub
Threats
Opportunity
Regulation
Talent
Connections
InsightData
Cognitive Computing
trained to discover new
insights
PwC
Alex Booth
Using Advanced Data Visualisation and Graph Analysis for traversing relationships