Bigit Keynote - Big Data & Critical Thinking

•

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BIGIT Technology Malaysia 2016, the Anchor Event of the Big Data Week Asia featuring concurrent conferences themed Data Security World Show and the 4th Big Data World Show will be held on 19th-20th September 2016 at KLCC Convention Centre, Malaysia. As the leading Big Data World Show in Asia, BIGIT Technology Malaysia 2016 is co-organized with Malaysia Digital Economy Corporation (MDEC) - Malaysia's government agency leading the national Big Data Analytics initiative.

Données & analyses

LutzFinger.com
Big Data & Critical
Thinking
Sep 2016
Twitter: @LutzFinger
Snapchat: LutzFinger

LutzFinger.com
Disclaimer
This presentation is solemnly my
own opinion and does not
necessarily represent the opinion of
my employers.

LutzFinger.com
ASK the right Questions.
MEASURE the right data –
even if it is not Big data.
Take Actions and LEARN from
them.
?

LutzFinger.com
They Knew How To Make Money

LutzFinger.com
Google had the Right Question Leading to the Right Data
But They Had Not The Right Data

LutzFinger.com
Harper Reed, CTO at Obama for America
BIG DATA IS “BULLSHIT”

LutzFinger.com
To Get Data is EASY
To Get The Right Data is HARD
To Get Insights is EASY
To Make Money of Data/Insights is
HARD

LutzFinger.com
SCHOOLSCOMPANIES KNOWLEDGESKILLSMEMBERS JOBS
LinkedIn's vision is to create economic
opportunity for every member of the global
workforce.

LutzFinger.com
The Right Data - But ...
300+ Million Member at LinkedIn
60.000 with a Job Title that might fit
19.000 who switched after 3 to 8 years
24 who had the same career path

LutzFinger.com
Describing Skills
Source: World Economic Forum - Human Capital Report 2016

LutzFinger.com
Talent On The Move
Source: World Economic Forum - Human Capital Report 2016

LutzFinger.com
Data by itself
is
USELESS
Information by itself
is often
USELESS
Only
Action
Counts!
Data Reporting
prescriptive, predictive,
actionable, data science
… the holy grail

LutzFinger.com
Data Business Cases .
• Banking: Card Fraud Detection
• Banking: Credit Scoring
• Media: Content Recommendation
• HR: Online Recruiting
• Health Care: Fraud Detection
• Medicine: Image Processing
• Medicine: Outliers Detection
• Education: Course Improvement
• Retail: Likelihood to Buy
• Books: Marketing Planning
• Manufacturing: Machine Failure Prediction
• Manufacturing: Optimization
• Insurance: Likelihood & Pricing
• Transportation: Route Planning
• Energy: Grid Utilization

LutzFinger.com
Everyone Tries … Many Just Start
Volum
n
ofD
ataBusiness
C
aseAdvanced
?

LutzFinger.com
Measure / Data is essential.
● Impactful
● Access
● Competitive
● Sustainable

LutzFinger.com
“Data is the new oil”
- World Economic Forum
Photo by William Warby under the Creative Commons (CC BY 2.0)

LutzFinger.com
Photo by KOMUnews under the Creative Commons (CC BY 2.0)

LutzFinger.com
Data Might (Not) Be
A Barrier To Enter

LutzFinger.com
How Many Points For A Line?

LutzFinger.com
Summary
THE ASK is the hardest part, but there
are many use-cases to get started.
?
Take Actions and LEARN with the Right
Team and the Right Timing.
MEASURE / DATA is essential. Data needs to
create an impact as well as a sustainable
competitive advantage.

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Context 1. Housing Agent collected resale prices on HDB apartments in Singapore. Objective 2. To predict resale prices in to advise his potential clients. Strategies 3. Explore & Clean data for analysis. 4. Perform K-Means Clustering, in Orange, to find possible segments in the customer data. 5. Tune the model to improve its performance. 6. Visualise the findings, share conclusions, and give insight-driven recommendations. Author: Anthony mok Date: 18 Nov 2023 Email: xxiaohao@yahoo.com

Predicting HDB Resale Prices - Conducting Linear Regression Analysis With Orange

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Bigit Keynote - Big Data & Critical Thinking

1. LutzFinger.com Big Data & Critical Thinking Sep 2016 Twitter: @LutzFinger Snapchat: LutzFinger

2. LutzFinger.com Disclaimer This presentation is solemnly my own opinion and does not necessarily represent the opinion of my employers.

3. LutzFinger.com Data Is Value?

4. LutzFinger.com I was not alone…

5. LutzFinger.com ASK the right Questions. MEASURE the right data – even if it is not Big data. Take Actions and LEARN from them. ?

6. LutzFinger.com They Knew How To Make Money

7. LutzFinger.com Google had the Right Question Leading to the Right Data But They Had Not The Right Data

8. LutzFinger.com ASK the right Questions. MEASURE the right data – even if it is not Big data. Take Actions and LEARN from them. ?

9. LutzFinger.com Harper Reed, CTO at Obama for America BIG DATA IS “BULLSHIT”

10. LutzFinger.com To Get Data is EASY To Get The Right Data is HARD To Get Insights is EASY To Make Money of Data/Insights is HARD

11. LutzFinger.com SCHOOLSCOMPANIES KNOWLEDGESKILLSMEMBERS JOBS LinkedIn's vision is to create economic opportunity for every member of the global workforce.

12. LutzFinger.com The Right Data - But ... 300+ Million Member at LinkedIn 60.000 with a Job Title that might fit 19.000 who switched after 3 to 8 years 24 who had the same career path

13. LutzFinger.com Describing Skills Source: World Economic Forum - Human Capital Report 2016

14. LutzFinger.com Talent On The Move Source: World Economic Forum - Human Capital Report 2016

15. LutzFinger.com Data by itself is USELESS Information by itself is often USELESS Only Action Counts! Data Reporting prescriptive, predictive, actionable, data science … the holy grail

16. LutzFinger.com Data Business Cases . • Banking: Card Fraud Detection • Banking: Credit Scoring • Media: Content Recommendation • HR: Online Recruiting • Health Care: Fraud Detection • Medicine: Image Processing • Medicine: Outliers Detection • Education: Course Improvement • Retail: Likelihood to Buy • Books: Marketing Planning • Manufacturing: Machine Failure Prediction • Manufacturing: Optimization • Insurance: Likelihood & Pricing • Transportation: Route Planning • Energy: Grid Utilization

17. LutzFinger.com Everyone Tries … Many Just Start Volum n ofD ataBusiness C aseAdvanced ?

18. LutzFinger.com Measure / Data is essential. ● Impactful ● Access ● Competitive ● Sustainable

19. LutzFinger.com “Data is the new oil” - World Economic Forum Photo by William Warby under the Creative Commons (CC BY 2.0)

20. LutzFinger.com

21. LutzFinger.com Photo by KOMUnews under the Creative Commons (CC BY 2.0)

22. LutzFinger.com Data Might (Not) Be A Barrier To Enter

23. LutzFinger.com Data Might (Not) Be A Barrier To Enter

24. LutzFinger.com Does Size Matter?

25. LutzFinger.com How Many Points For A Line?

26. LutzFinger.com Summary THE ASK is the hardest part, but there are many use-cases to get started. ? Take Actions and LEARN with the Right Team and the Right Timing. MEASURE / DATA is essential. Data needs to create an impact as well as a sustainable competitive advantage.

27. LutzFinger.com Thank You

Bigit Keynote - Big Data & Critical Thinking

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