What is

Big Data
Analytics?
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Many definitions on the topic of big data

focus on a bottom-up view, using the
3 Vs of the data volume, variety and
velocity. Our customers define big data
analytics from a top-down view:

Answering a new range of diagnostic questions

about your business using more data and
sophisticated analytics to deliver actionable
results to your business teams.

You may start with a general question, one your traditional

descriptive analytics has revealed. Big data analytics lets
you explore the deeper diagnostic questions some
of which you might not have thought about asking to
reveal a new level of insight and identify steps to take to
improve business performance.

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What Questions
Do Big Data Analytics Answer?
This Garner chart reveals a business-analysis view on big data analytics:

Think of each of these Descriptive Analytics Diagnostic Analytics

areas as building blocks
Many organizations have spent years Most organizations start to apply big data
that expand your analytics. generating descriptive analytics answering analytics to answer diagnostic questions
Big data analytics plays a what happened questions. This information how and why something happened. Some
vital role in expanding the is valuable, but only provides a high-level, might also call this behavioral analytics.
rearview mirror view of the business Diagnostic analytics with big data helps in
analytics from a backward, performance. two ways: (a) the additional data brought on
reactionary approach to a by the digital age eliminates analytic blind
forward, action-oriented spots, and (b) the how and why deliver insights
that pinpoint actions to take.
method.

Predictive Analytics Prescriptive Analytics

Answering the how and why questions will At the next level, prescriptive analytics will
reveal specific patterns to identify that detect automate decisions and actions how can
when outcomes are about to occur. Predictive I make it happen? Building upon the previous
analytics builds upon the diagnostic analytics analytics, neural networks and heuristics are
to look for these patterns and see what will applied to the data to recommend the best-
happen. Machine learning is also applied to possible actions that drive desired outcomes.
continuously learn as new patterns emerge.

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Big data analytics makes

three new levels of analytics possible:

Diagnostic Predictive Prescriptive

Big data delivers the granularity and orientation

around results necessary to find patterns to drive
actions that create the right outcomes.

Popular questions that companies answer

with big data analytics include:

Which channels are the most cost Which events occur before equipment
effective for customer acquisition? fails?

How can I get customers to increase How can I extract more oil or gas from
purchase sizes? existing wells?

How do customers behave before Why do certain assets have a large

they churn? impact on our risk?

Which areas have the capacity to roll Which customers are exhibiting signs of
out new IP services? payment fraud?

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The Benefits
of Big Data Analytics
A big data analytics platform is designed
to add value to your organization in three ways.

1. Answer New Business Questions

Business leaders can finally answer a new range of diagnostic questions that reveal
deeper insights into behavior and performance to drive actions that create more profitable
customer relationships, improve operational execution and reduce business risk.

2. Produce More Results

Agile, self-service analytics makes BI and analyst teams more productive, enabling them
to answer questions faster, deliver more information to data-starved business teams and
eliminate analytic backlogs.

3. Put Your Insights to Work

Insights are only valuable if they can be used daily by the business teams. Operationalized
big data analytics offers the scale and governance to continuously deliver fresh analytics
results to the business, driving the everyday actions they take.

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Big Data Analytics

Use Cases

Financial Services
With switching costs and brand confidence at an all-
time low, financial services firms use big data analytics
to build customer relationships across the entire
lifecycle of acquisition, engagement and retention.

Increasing regulatory requirements and the risk of fines

are driving financial service institutions to invest in big
data analytics to ensure compliance and reduce risk.

With competition ever increasing, financial services

organizations use big data analytics to identify new
products and services to reach new customers and
create new revenue streams.

Telecommunications
Competition for consumers drives communications
service providers (CSPs) to invest in big data analytics
to build stronger relationships with existing customers
and acquire new ones in cost-effective ways.

With networks and services becoming more complex,

CSPs are using big data analytics to identify areas of
improvement and the most financially prudent capital
investment.

CSPs use big data to identify new products and

services, as well as the most effective ways to roll out
new services, to drive incremental revenue streams.

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Retail
Most retailers have a handle on the Whats selling? question. Theyre
applying big data analytics to understand why consumers are buying
and then tailoring their responses to influence sales.

The omni-channel customer journey is elusive to many retailers, driving

them to use big data analytics to better understand customer behavior
and influence to drive actions that influence more profitable outcomes.

Faster product life cycles and ever-complex operations cause retailers

to use big data analytics to understand supply chains and product
distribution to reduce costs.

Technology
Technology firms use streams of product data to understand how
customers use their products so they can create stickier products.

The same product and usage information allows firms to use big data
analytics to identify ways to optimize service delivery, increasing
customer satisfaction and lowering costs.

Technology companies also use big data analytics to identify key

customer attributes to reach like-minded customers and identify
opportunities for upselling.

Healthcare
Large healthcare groups use big data analytics for population health
analysis to predict epidemics, cure disease, improve quality of life and
avoid preventable deaths.

Traditional healthcare providers are using applying data from medical

devices, doctors notes, lab results and more to drive big data analytics
that improve patient care and increase efficiency.

Insurers and healthcare providers use big data analytics to streamline

payment processes and better monitor for claims fraud.

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Manufacturing
Manufacturers use big data analytics to identify patterns
and relationships among discrete process steps and
inputs, and then optimize the factors that improve
efficiency.

By using big data analytics on a growing flow of real-

time sensor and machine data, manufacturers can
improve yields, increase quality and ship products on
schedule.

Manufacturers optimize supply chains and logistics with

big data analytics by analyzing supplier and logistics
tracking data with cost and historical logistics data.

Energy
Oil and gas companies collect and use big data
analytics on sub-surface and geographic characteristics
to improve geology interpretation, new well delivery and
well optimization.

By using big data analytics on well and reservoir

data, energy firms can predict their performance
and production, and identify ways to optimize future
production and hydrocarbon delivery.

Energy companies are using big data analytics on

assets and equipment for predictive maintenance and
optimal use of assets to reduce capital expenditures.

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Five Reasons Why Big Data

Analytics Delivers Better Results
A valuable set of big data analytics will deliver greater
accuracy, depth and relevance.

1. Use More Data

Big data analytics allows you to use not just a greater volume of data, but also a wider
variety of of data different formats and structures. Adding more data to the analytics
makes the results more detailed, helping find deeper answers and eliminating blind spots.

2. Data Discovery
The big data discovery process allows an analytic-to- iterative approach to data. Using
a technical feature called schema on read, analytic models are dynamically adjusted
to the data, rather than forcing the data into a pre-formed structure. This allows data to
guide analysts to the data, rather than force the data into a pre-determined answer.

3. Advanced Analytics
Big data analytics offers more advanced analytic functions that can identify new patterns
and trends hidden in data. Path and graph analytics, statistical functions, correlations,
dependencies and algorithms find previously undiscoverable answers.

4. Actionable Outcome
Discovering how and why certain events occurred allows business analysts to identify
both positive and negative outcomes. This encourages teams to identify the best actions
to create positive outcomes and what actions can eliminate the negative ones.

5. Delivery of Results
Traditional BI was designed to deliver dashboards and visualizations it was a tool for
analysts. Now, the combination of creating actionable data and being able to integrate
with downstream business applications allows big data analytics to deliver the real
information business teams need to take action.

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How to Implement
Big Data Analytics
Business objectives and answers to questions are the primary drivers of big data
analytics. Understanding these needs is an essential part of any process to implement
big data analytics in your company. A process to deliver success at your organization
involves four components.

Use Case Discovery 1

The business, analyst and IT teams should work
together to identify the key big data use cases.
Hold a use case discovery workshop to uncover the
attributes of key use cases (data sources, potential 2 Proof of Value
business value and ROI, barriers to implementation)
and help prioritize implementing the use cases. Using some of the data, use data discovery for
the top priority use case to find new patterns,
outcomes and opportunities hidden within the
Answer Discovery 3 data. Use this to demonstrate the fit and value of
your analytics and build a projected ROI model for
Bring the data from all sources into your big business teams to evaluate.
data analytics platform, prepare it and use data
discovery and advanced analytics to let the data
reveal answers. This is often an iterative process
by which the analyst fluidly moves between the
4 Operationalization
data integration, preparation and analysis steps After finding the analytic patterns, deploy the
to discover answers. analytics to the business teams. This involves
defining and implementing the attributes of
the repeated process that will produce results,
including job execution, data retention policies,
security models and integration with downstream
applications or tools used by the business users.

As the business uses analytics, you should

continuously measure progress in well-
defined time frames. New data will be
generated, creating the need to re-visit the
analytics to continuously improve them.

In parallel, go back and discover the next

groups of high-priority use cases with the
business teams. In many cases, the new
use cases should leverage existing data
and analytics from existing use cases.

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How to Discover Answers

With Big Data Analytics
Discovering answers in big data analytics is not the same process as it is with traditional BI.
The volume of data and variety of potential dimensions make a rigid data discovery
process impossible.

Big data analytics requires a fully self-service platform that

allows an analyst to perform the end-to- end analytic cycle.
This eliminates process delays such as waiting for IT to
deliver data, streamlining the delivery of big data analytics.

Integrate
The digital age is generating vast volumes of data in many different formats. Big data
analytics simplifies the integration steps by connecting to and understanding the data
the analysts require.

Prepare
Analysts can spend up to 80 percent of their time preparing their data for analysis. With
vast volumes and a variety of big data, an analytic platform needs to help the analyst
cleanse, transform and organize their data faster and easier.

Analyze
Answering how and why questions on big data requires a vast number of analytic
functions that range from simple aggregations to advanced algorithms. A strong big data
analytics platform must make it easy to apply these functions to find patterns deep within
the data.

Visualize
Big data analytics requires a new range of visualization capabilities that can show signals
within the noise. Visualization must be easily applied to the analytic result sets to show
both analysts and business teams new trends and patterns.

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Iterative and Experimental Discovery Process

Big data analytics requires a fluid data functions on that data. As they see the
discovery experience that allows analysts visualization, they may not find the answers.
to have the different phases of the cycle
open at the same time. It should be possible They might need go back and clean the
to make iterative tweaks to any of the steps data, for more data preparation. Maybe
while seeing the upstream and downstream they need a different dataset. There is
impacts. This allows the analyst to quickly a chance the analytic functions need
run through experiments to find answers tweaking. Or, it could be a combination
without having to switch context. of these items.

As analysts perform big data discovery, Big data analytics allow analysts to quickly
they experiment with each phase of the cycle and iterate through these steps to
cycle. They may start by bringing in and find answers to complex questions at the
integrating specific datasets, preparing speed of thought.
the data and then running a set of analytic

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