Today’s online, mobile world has changed the way we consume services. Yet, regardless as to whether it’s subscription, consumption or multi-modal, today’s commerce generates enormous amounts of granular transactional data. The holy grail is how you leverage that underlying data to make more money.
Kotlin Multiplatform & Compose Multiplatform - Starter kit for pragmatics
Making Money With Big Data
1. +
Making Social
Cloud
Money With Mobile
Big
Big Data Data
6.14.2012
2. +
Your Presenters
Curt Raffi - Host
Jeff Kaplan - THINKstrategies
Jason Mondanaro – MetraTech, Corp.
3. +
What is big data?
Big data
is a loosely defined term used to
describe data sets so large that
they become awkward to work with
using traditional database
management techniques.
Difficulties include capture,
storage, search, sharing,
analysis and visualization.
5. +
Mobility, consumerization
& the consumptive user
Every device
B2C & B2B
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Need to better understand
buyer/user
Where, when, why they buy
How they behave
What they prefer
When they are at risk
How to retain them
7. +
Convert data into insight
Gartner predicts more than 85 percent of Fortune 500
organizations will fail to effectively exploit
big data for competitive advantage through 2015.
8. +
Turn every keystroke into strategic
intelligence
User activity
= insight
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Acquire & analyze data to
better serve customers
Heuristics
+ aggregated
metadata
=meaningful
benchmark
stats/KPIs
10. +
Act upon customer data to
target strategic solutions
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Result = better business
relationships with customers
The ultimate competitive advantage
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Why is data now big data?
Has anything changed in data formats and sizes?
MP3s/audio
Web server logging
Syslog and other app/device logging standards
CDRs (classic, MPLS, custom, other…)
EDI versus XML?
No… But there is a lot more of it now.
Why? Because software is eating the
world.
20. +
A3: The new model
• Enroll
Analyze • Price
• Meter • Test
• Pay • Analyze • Offer
• Refine
• Plan
Acquire Act
21. +
Acquire
business with
Build your
measurement in mind.
Making good decisions requires
information.
You don’t have information; you have
acquired metered usage and big
data.
22. +
Analyze
“Compute as you go.”
Slowly scouring your data for insights 24X7
Data analysis done without hurting performance
Adapt to user demands and continually improve pre-
calculation, pre-correlations.
Put analysis tools in hands of decision-makers.
23. +
Act
You aren't limited anymore.
Integrate with billing tools that can provide analysis of your
products, pricing & promotions.
24. +
Next sessions
July 25
Analyze your big
data for maximum profit
August 22
Act on pricing &
product strategies
out of the billing system to drive more
revenue
Notas del editor
Big Data sounds cool, but really we’re talking about MORE Data than before
Movie Rentals -> Used to have no idea how much people viewed stuff. Movie rental store might tell you in aggregate monthly. But now with Netflix or VOD, you know every view, what time, how they found the movie through search or recommendations, how many times you paused it and where etc… many more user interactions are happening and being captured
Data used to be a problem of points in time. How do you store it cheaply and long term in case of an audit, legal discovery or disaster recovery so you can restore to a point in time. Or , given real-time operations you need to know immediately if there is a service problem, but historical data has no use…
You are measuring user activity. User’s activity impact your bottom line, if you do not provide feedback on behavior, then behavior won’t change
Screen from ATT Wireless Keynote at CTIA ~2006-2007http://www.att.com/gen/press-room?pid=20535&cdvn=news&newsarticleid=32318&mapcode=corporateATT Talking points: ATT operationally is managing and collecting all this data. They can see the future and it doesn’t look good, but they were afraid/unwilling to give this feedback to their users via billing. So Users clobbered their network. Then, to make matters worse they again didn’t give the feedback through billing. Instead they implemented invisible caps and throttling at the operational layer, they turned themselves into Liars unlimited data was no longer unlimited -> BIG PR disaster #2. Slowly getting Billing and operational data united. After all, complaining about cost and revenue, maybe some people WANT to pay them more for extra data…
If you want to influence behavior and how your services are used, you need to collect Big Data and use consumptive pricing models. If you don’t care what people do or set a generic one-size-fits-all service then simple Subscription is probably ok. Example Salesforce uses simple pricing but provides detailed limitations on service uses and volumes as a result.
Collect your data in billing and use it to drive the business. Example here, April usage measurements was down but revenue was up? Were people using higher value services why? Revenue and usage are way up in May, is a campaign being successful? What can we do next month? What else are we collecting in the billing system that we may want to use to drive pricing and behavior?
Where are people clicking in your application?Where are they stuck?What are their purchase patterns?What affinity groups are they most like?What offers do they respond to?How is their value to your business compared with others of a similar type?