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OPPORTUNITIES FOR YOU, YOUR COMPANY AND THE WORLD
Tim Suther (BA, 1982)
#LCBigData15 | @LorasAnalytics
OPPORTUNITIES, CHALLENGES,
AND A WAY FORWARD
TODAY’S AGENDA
#LCBigData15 | @LorasAnalytics
THE PAST, THE PRESENT, AND THE FUTURE WALKED INTO A BAR.
IT WAS TENSE.
#LCBigData15 | @LorasAnalytics
1 2
3 4
MULTIPLE SIMULTANEOUS INNOVATIONS
PERVASIVE & DISRUPTIVE TRANSITIONS
A HIGHLY ABRIDGED HISTORY OF THE WORLD
#LCBigData15 | @LorasAnalytics
ACCELERATING TECHNOLOGY ADOPTION
#LCBigData15 | @LorasAnalytics
DECLINING COMPANY LIFESPANS
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
$ 15 TRILLION WORLDWIDE SYSTEMS INEFFICIENCIES
$ 8 TRILLION CORPORATE HOLDINGS OF DATA & INTANGIBLES
$ 3 TRILLION OPEN DATA POTENTIAL
$1.2 TRILLION WASTEFUL HEALTHCARE SPENDING
#LCBigData15 | @LorasAnalytics
$90 BILLION REDUCED OIL/GAS CAPEX
$66 BILLION FUEL SAVINGS FOR POWER PLANTS
$63 BILLION HEALTHCARE EFFICIENCY
$30 BILLION AVIATION FUEL SAVINGS
$27 BILLION RAIL OPERATING COST SAVINGS
1% INCREASED PRODUCTIVITY YIELDS:
#LCBigData15 | @LorasAnalytics
PRECISION AGRICULTURE
#LCBigData15 | @LorasAnalytics
HALF THE MONEY I SPEND ON ADVERTISING IS WASTEDTHE TROUBLE IS, I DON'T KNOW WHICH HALF.
““
#LCBigData15 | @LorasAnalytics
SOCIAL MEDIA EXPLAINEDI’M DRINKING COFFEE
I LIKE COFFEETHIS IS WHERE I DRINK COFFEE
THIS IS A VINTAGE PHOTO OF MY COFFEE
HERE I AM DRINKING COFFEEHERE IS A COFFEE RECIPE
NOW LISTENING TO “COFFEE”MY COFFEE IS BEING SILLY
I’M HANGING OUT WITH MY COFFEETHIS IS MY COFFEE APPRECIATION POST
#LCBigData15 | @LorasAnalytics
REDUCE SERIOUS CRIME BY 30%
#LCBigData15 | @LorasAnalytics
YOUNG MALE DRIVERS REDUCE RISKY BEHAVIOR BY 78% WHEN
THEY KNOW THEIR DRIVING BEHAVIOR IS BEING TRACKED
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
125,000/YEAR DIE FROM FAILING TO TAKE PRESCRIBED MEDICATION
40,000/YEAR DIEFROM MISDIAGNOSIS
3.5 MILLION/YEAR READMITTEDDUE TO IMPROPER MEDICATION
#LCBigData15 | @LorasAnalytics
PRECISION HEALTHCARE
#LCBigData15 | @LorasAnalytics
2.4 MILLION FACEBOOK VIDEOS
OVER $100 MILLION DOLLARS RAISED
#LCBigData15 | @LorasAnalytics
BE YOU…WITH YOUR FLAWS40-60 CHARACTER MESSAGES WORK BEST
BOILERPLATE IS 75% AS EFFECTIVE
DO YOU LIKE SCARY MOVIES?HAVE YOU EVER TRAVELED ALONE TO ANOTHER
COUNTRY?
DATACLYSM.ORG/RELATIONSHIPTEST
#LCBigData15 | @LorasAnalytics
$160 BILLION MARKET
85 PRIVATE COMPANIES EACH WORTH $1B+
COMBINED MARKET VALUE OF $285 BILLION
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
THERE WILL BE NON-BELIEVERS
#LCBigData15 | @LorasAnalytics
“Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town hall meetings and virtual communities. Commerce and
business will shift from offices and malls to networks and modems. And the freedom of digital networks will make
government more democratic. Baloney.
…Nicholas Negroponte, director of the MIT Media Lab predicts we’ll soon buy books and newspapers straight over the Internet.
Uh, sure.”
#LCBigData15 | @LorasAnalytics
“Dear Mr. Warhol,
I regret I must report to you that the Committee decided, after careful consideration, to not accept it for our collection.
PS…the drawing may be picked up from the Museum at your convenience”
#LCBigData15 | @LorasAnalytics
We don’t like their sound… and guitar music is on its way out
#LCBigData15 | @LorasAnalytics
OPPORTUNITY IS A MATTER OF PERSPECTIVE
#LCBigData15 | @LorasAnalytics
CHALLENGES
#LCBigData15 | @LorasAnalytics
POOR DATA QUALITY COSTS $3 trillion/yr.
#LCBigData15 | @LorasAnalytics
IS THE LAMP POST USED FOR
ILLUMINATION OR SUPPORT?
#LCBigData15 | @LorasAnalytics
BEWARE CORRELATION V. CAUSATION
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
ITITTHE “I” MATTERS MORE THAN THE “T”
11% 27%
15%23%
THINK HTML IS A STD
THINK SOFTWARE ISCOMFORTABLE CLOTHING
THINK MP3 IS ASTAR WARS ROBOT
THERE IS A CRITICAL SHORTAGE OF ANALYSTS & DATA-SAVVY MANAGERS
THINK GIGABYTE IS ANINSECT COMMONLY
FOUND IN SOUTH AMERICA
#LCBigData15 | @LorasAnalytics
UTOPIA…OR DYSTOPIA?
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
IDENTITY THEFTDATA BREACHES
MALWARE
#LCBigData15 | @LorasAnalytics
INFORMATION HAVE AND HAVE-NOTS
#LCBigData15 | @LorasAnalytics
FIRE CAN WARM OR BURN YOU
#LCBigData15 | @LorasAnalytics
SCIENCE CAN TELL YOU HOW
TO CLONE A T REX
HUMANITIES CAN TELL YOU WHY
THIS MIGHT BE A BAD
IDEA
#LCBigData15 | @LorasAnalytics
WHETHER YOU CAN. WHETHER YOU SHOULD.
#LCBigData15 | @LorasAnalytics
“TECHNOLOGY ALONE IS NOT ENOUGH.
IT’S TECHNOLOGY MARRIED WITH THE LIBERAL ARTS, MARRIED WITH THE HUMANITIES, THAT YIELDS US THE
RESULTS THAT MAKE OUR HEARTS SING.”
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
Data Manageme
ntAnalytics Narrative
& contextCore in all decision making
ANALYTIC MATURITY MODEL
#LCBigData15 | @LorasAnalytics
ETHICAL MATURITY MODEL
LegalSocial Norms
Compliant
Engenders customer
trust
Positive communit
y engageme
nt
Ethical leadership
#LCBigData15 | @LorasAnalytics
Purpose-Driven High PerformanceHigh Purpose
Lost & Lagging Data-Driven
Analytics Maturity (can you)
Ethi
cal M
atur
ity (s
houl
d yo
u)
#LCBigData15 | @LorasAnalytics
CHANGE IS HARD AT THE BEGINNINGMESSY IN THE MIDDLE
GORGEOUS AT THE END
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics
Safe to eat genetically mod-ified food
Safe to eat food grown with pesticides
Childhood vaccines such as MMR should be required
37%
28%
68%
88%
68%
86%
Biomedical Sciences
AAAS Scientists US Adults
Climate change is mostly due to human activity
Growing world population will be a major problem
Favor building more nuclear power plants
50%
59%
45%
87%
82%
65%
Climate & energy
AAAS Scientists US Adults
A DIFFERENCE OF OPINION
#LCBigData15 | @LorasAnalytics
CHANGE IS EMOTIVE
#LCBigData15 | @LorasAnalytics
BE THE CHANGE YOU WISH TO SEE IN THE WORLD
#LCBigData15 | @LorasAnalytics
47% OF JOBS AT
HIGH RISK OF BEING
AUTOMATED AWAY OVER THE NEXT 20 YEARS
#LCBigData15 | @LorasAnalytics
Everything in the world is normal when you’re bornInventions before 30 are incredibly exciting.With luck you can make a career out of them
Inventions after 30 are against the natural order of things and the beginning of the end of civilization as we know it
…until they’ve been around for about ten years when they gradually turn out to be alright really
#LCBigData15 | @LorasAnalytics
WRITING CREATES FORGETFULNESS IN LEARNERS SOULS, BECAUSE THEY WOULD NOT USE THEIR
MEMORIESPLATO
#LCBigData15 | @LorasAnalytics
THE TELEPHONE WILL BREAK UP HOME LIFE AND THE PRACTICE OF VISITING
FRIENDSKNIGHTS OF COLUMBUS, 1926
#LCBigData15 | @LorasAnalytics
THE GENERAL EFFECT OF THE AUTOMOBILE IS TO MAKE THE PRESENT GENERATION LOOK LIGHTLY AT THE MORAL CODE AND DECREASE THE VALUE
OF THE HOMEHOWARD MCCLENAHAN, DEAN AT PRINCETON, 1925
#LCBigData15 | @LorasAnalytics
PHONOGRAPHS WILL CREATE A MARKED DETERIORATION IN
AMERICAN MUSICJOHN PHILIP SOUSA, 1906
#LCBigData15 | @LorasAnalytics
#LCBigData15 | @LorasAnalytics CONTROL YOUR DESTINY: MATH ALONE WILL BE OFFSHORED/AUTOMATED
YOUR LEARNING JOURNEY IS MORE IMPORTANT THAN YOUR IQ OR TITLE
DON’T STOP BELIEVING. REDEFINE FAILURE
#LCBigData15 | @LorasAnalytics
Loras College Business Analytics Center Jennifer Aaker, The Dragonfly Effect
Nate Silver – The Signal and the Noise. Fivethirtyeight.com Robert Cialdini - Influence
Gary Loveman – Diamonds in the data mine Stratechery.comViktor Mayer-Schonberger and Kenneth Cukrer – Big Data: a revolution that will transform how we live, work and think Edward Tufte
Rick Smolan and Jennifer Erwitt – The human face of big data David McCandless
Eric Siegel and Tom Davenport – Predictive Analytics A16z podcastMcKinsey – Big data, analytics and the future of marketing & sales Exponent podcast
Fred Wilson, AVC blog IAPP Newsletter
RESOURCES
#LCBigData15 | @LorasAnalytics 67
WHEN I WENT TO SCHOOL, THEY ASKED ME WHAT I WANTED TO BE WHEN I GREW UP. I WROTE DOWN
‘HAPPY’. THEY TOLD ME I DIDN’T UNDERSTAND THE ASSIGNMENT
I TOLD THEM THEY DIDN’T UNDERSTAND LIFE. JOHN LENNON
#LCBigData15 | @LorasAnalytics
ART & SCIENCE GUIDE THE WAYPROFOUND OPPORTUNITIES
HIGH PERFORMANCE. HIGH PURPOSE.
#LCBigData15 | @LorasAnalytics
THE PAST, THE PRESENT, AND THE FUTURE WALKED INTO A
BAR
IT WAS NO LONGER TENSE