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Big Data – BIG Business Meetup Group 8/20/2013. Why Big Data – Big Business?. The amount of big data in our world is exploding The ability to analyze large data sets will become a key competitive advantage Big data will lead to new waves of productivity, growth and innovation
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Big Data – BIG Business Meetup Group 8/20/2013
Why Big Data – Big Business? • The amount of big data in our world is exploding • The ability to analyze large data sets will become a key competitive advantage • Big data willlead to new waves of productivity, growth and innovation • Businesses will have to grapple with the implications of big data – good and bad
Goals for our meetup Group • Tackle Big Data from a business perspective • Provide true, actionable value to our members • Use our group as a tool to network and share ideas • Stay current on the latest trends and business models • Have fun and meet new people
Big Data Facts According to McKinsey – a retailer using big data to the fullest could increase its operating margins by more than 60%
Big Data Facts According to Zuckerberg, 1 billion pieces of content are shared via Facebook’s Open Graph Daily
Big Data Facts Google’s Eric Schmidt claims that every two days now we create as much information as we did from the dawn of civilization until 2003
Big Data Facts By 2015 4.4 Million IT jobs will be created to support Big Data – generating 1.9 million jobs in the United States
Big Data Facts Bad data or poor quality data costs US businesses $600 Billion annually
Big Data Facts According to Gartner Big Data will drive $232 Billion in spending through 2016
Data never sleeps… How Much Data Is Generated Every Minute? 24/7/365 Email Users Send 204,166,667 Emails
Data never sleeps… How Much Data Is Generated Every Minute? 24/7/365 Google Receives Over 2,000,000 Search Queries
Data never sleeps… How Much Data Is Generated Every Minute? 24/7/365 Apple Receives About 47,000 App Downloads
Data never sleeps… How Much Data Is Generated Every Minute? 24/7/365 Brands on Facebook Get 34,722 Likes
Digital Data is Exploding According to IBM 90% of the worlds information… …was created in the last 2 years
Demand for analytical skills 140,000 to 190,000 with deep analytical skills… …will be needed by 2018
Demand for general big data skills 1,500,000managers and analysts… …will be needed to fill jobs in Big Data by 2018
Key sectors for big Data • Financial • Healthcare • Communications • Digital Media • Real Estate • Manufacturing • Travel • Retailing • Government • Energy
Formats for meetings • Speakers • Panels with Q&A • Open Forum Discussions
Potential Topics - 1 • Big Data Business Models • Deep-Dive into Industry Sectors • Growing your Big Data Consultancy • Best in Class Business Intelligence Tools • Building out your Big Data Team • Maximizing Dollars Spent in the Public Cloud
Potential Topics - 2 • Sales & Marketing with Big Data • Streaming Data – Big Data on Steroids • Machine to Machine Data for Advanced Optimization • Big Data Mashup's • Big Data Markets – Where is all the information hidden • Best Big Data Repositories Available through Open API’s
Potential Topics - 3 • Using Correlation Techniques to Find the Answers • Outsourcing Big Data Projects • Harnessing Social Media with Big Data • Emerging Trends in Big Data • Risks & Liabilities of Big Data Utilization • Government Opportunities with Big Data
Potential Topics - 4 • Building Your Big Data Toolbox • Using Big Data as an Optimization Tool • Making Your Big Data Department the MVP in the Company • Big Data & Healthcare • Big Data for a Better World
Housekeeping Topics • How often should we meet? • Monthly, Bi-Monthly • Where should we meet? • Issaquah, Bellevue, Redmond • Should we consider sponsors? • Pay for munchies and beverages • Should we include beer? • If so, we cannot use libraries
Group participation • Help with organizing meetings • Help with setting up for meetings • Help with pictures at meetings • Help with the Meetup Site • Other?
Thanks for joining us tonight Tom Poole tom@marketsense.com 425-442-2244