what is stopping big data adoption in south african financail services
TRANSCRIPT
Unlocking the value of your information asset
WHY BANKS ARE UNABLE TO EXPLOIT BIG DATA
Gary Allemann@mdm_za
What is Big Data?
3V’s
• Variety• Velocity• Volume
3D Data Management, MetaGroup, 2001
What is Big Data?
Big Data is about delivering insight in business time
Evolution of Big Data in Banking
ITExperiments
+- 2010
EDWOptimisation
+- 2011
CustomerAnalytics
+- 2012
RDARR
+- 2015
FraudManagement
Threat Prediction
10 Questions to Ask
1. Are there important questions that we have not been able to address with current tools (or resources)?
2. Do we know what others in our industry are doing?3. How can our experience with BI guide our Big Data projects?4. What type of data problem do we really have?5. Are we ready to be data driven?6. Will we be able to control confirmation bias?7. Cloud or on premise?8. How will we know that it worked?9. Where will our ongoing funding come from?10.Do we understand the effort involved to resolve data quality?
http://info.datameer.com/10-Questions-to-Align-Your-Big-Data-Project-with-Business-Requirements_Registration.html
The Building Blocks for effective EIM
Data Architecture
Metadata/Data Modelling
Data Security
Data Integration
MDM
/Ref
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BusinessDriven
IT Driven
Free for use with attribution to www.masterdata.co.za
What is a data scientist?
“There’s a joke running around on Twitter that the definition of a data scientist is:
‘a data analyst who lives in California,”
— Malcolm Chisholm
Data Scientist
Data Scientist (n.): Person who is better at statistics than any software engineer and better at software engineering than any statistician.
- Josh Wills
Evolution of Analytics
Which raises the question: Is business knowledge more important that technical competence?
Predicting Brexit
