Amazon has a long heritage in data and machine learning. Many of the innovations you’ve heard about, personalisation, drones, Alexa, are driven by data rich, machine learning models. We’ve been working for years to try make smart use of the data we have for the benefit of our customers. As leaders and builders, we now want you to have the same opportunity.
During this 60-minute webinar leaders at National Australia Bank, Amazon Web Services and Fonterra showcased how they used real time data insights to create rapid experiments designed to improve customer outcomes. We also discussed how agile team structures and a culture of experimentation can help you accelerate the development of your own Data Driven Business.
6. Data Driven Businesses…
Data-driven
culture
Business demands data
driven decision making
Platforms that support
experimentation
Platforms
Mechanisms or
processes that support
ideation
Culture of
experimentation
19. Idea: Create a portal to capture ideas within the business
around how data science could solve a problem
Define
Scope:
After narrowing the scope of ideas down based on
potential value, define the problem properly and identify
the riskiest assumptions
Prototype: Gather all data into the lab environment and build some
descriptive and explanatory analytics
Result:
Deliver results back via regular showcases, and seek to
identify whether we can solve for the riskiest assumption
Our approach to Data Science
20. Idea: Could data help us build the “perfect
product”
Ingredients
Processing
Parameters
Flavor and
Nutrition
Type of
Consumer
Packaging and
Functionality
Location
21. Active People
Eat on the Go
Nutritionally
Conscious
Combining function, flavour and consumer
insight to create new products
Time Poor