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The very next Big thing about Big Data is Big Value. Big Data can expensive proposition without crystal clear value proposition. That clearly needs to come through Big Data Predictive Modeling. Big Data Predictive Modeling must bring substantial increase of ROI to justify itself.
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May 2014Milorad Krneta
Soft10 Inc.
Big Data Predictive Modeling Software: Dr. Mo
Big Data Predictive Modeling
• Expectations • Requirements
• Note: • Small Data Predictive Modeling : 0s variables• Big Data Predictive Modeling : 00s, 000s, 0000s variables• All presented numbers were empirically established.
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Big Data Predictive Modeling Expectations
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Customer Picture
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Predictive Modeling
Small Data
Predictive Modeling Big Data
Conversion Rate
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Predictive Modeling
Small Data
Predictive Modeling Big Data
0.002%
2%
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Predictive Modeling Small Data
Predictive Modeling Big Data
0.02%
31%
Recommender-Engine Success Rate
Frequency of Successful Projects
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Predictive Modeling
Small Data
Predictive Modeling Big Data
Once a month
20x per month
Decision-making Risk
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Predictive Modeling
Small Data
Predictive Modeling Big Data
30%+
Less than 5%
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Predictive Modeling
Small Data
Predictive Modeling Big Data
2 weeks+
By hours, minutes
Decision Modeling Support required time
Big Data Predictive Modeling Requirements
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• Example:• Training file:
– 500 independent variables– 10 million records
• Prediction file • 50 million records• Big Data Prediction Delivery: 6 hours. • Small Data Prediction Delivery – Not possible at
all Soft10 Inc.
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Speed: 000x faster than now
Small Data Predictive Modeling AccuracyBest-One Model Accuracy Example:ID= 4508179Prediction: Person making $100k, not married and male will choose Cadillac Sport with 37% probability
Big Data Predictive Modeling AccuracyMultiModel Accuracy Example:ID=45081791. Prediction: Person making $100k, not married and male will choose Cadillac Sport with 37% probability2. Prediction: Married person, house>4,000sq.ft. will choose Cadillac Sport with 28% probability3. Prediction: College educated person, self-employed, has cottage, frequent restaurants more than 3x per week will choose Cadillac Sport with 62% probability………………………………..
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Accuracy: much higher than now
Small Data Predictive ModelingBest-One Model Accuracy Example:
1. Person making $100k, not married and being male will choose Cadillac Sport with 37% probability
• Big Data Predictive Modeling Multi-Model Accuracy Example:
1. Prediction: College educated person, self-employed, has cottage, frequent restaurants more than 3x per week will buy Cadillac Sport with 62% probability
2. Person 35-39, high executive and not married will choose Cadillac Sport with 62% probability
3. Person with investment over $500k, married, being over 65 will choose Cadillac Sport with 62% probability
…………………….Soft10 Inc.
Accuracy: More Best Prospects
04/11/2023
Big Data Prediction Nature
• Big Data continuous feeds
• Big Data Predictive Modelingcontinuous prediction generation- objective predictions-new knowledge discovery-24/7 guided future action
2013 Soft10. All Rights Reserved. Confidential
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• NO:• Big Data Modeling Experts Cost is prohibitive since
there is no scale advantage with data volume • • Yes:• Big Data Modeling Cost must be scalable based on: License-usage fee + machine time
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Cost
• Anybody should be able to run Big Data Predictive Modeling
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Simple to run
• So, how can Big Data Predictive Modelling be made possible?
• Automatic: fast• Automatic: simple to run• Multi-Model: the highest accuracy• Multi-Model: the highest reliability• Technology Strength: 24/7 unlimited• ANYBODY can afford it
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Here is How Big Data Predictive Modeling Must Be:
The Big Data Predictive Modeling Revolution Man Versus Machine!
• Big Data Predictive Modeling Decisions are based on Predictions not on History!
• Big Data Predictive Modeling will bring Prediction Discoveries - all the time, literally!
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04/11/2023
So, WHO is Big DataPredictive Modeler?
Dr. MoVirtual Data Miner
Virtual Predictive ModelerVirtual StatisticianAutonomous Decision Maker
2013 Soft10. All Rights Reserved. Confidential
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• Business Leaders by hiring Dr. Mo will drive Progress into:
MORE PRODUCTIVE, MORE RATIONAL, LESS UNCERTAIN
GREEN WORLD!
We stand by Green World.
