The Analytics Big Bang

The Analytics Big Bang + Analytic exchanges that enable global collaboration + Anticipatory analytics Predictive analytics reaches critical mass as. Big.Data and new technologies collide + Rversion 1.O + Standardization of natural language processing + Apache Hadoop Anyone + Real-time analytics + Prescriptive analytics Personalization of every event, experience, offer + Monte Carlo simulations + Non-linear programming + Computer-based heuristic problem solving Solving the Unsolvable in medicine, energy, agriculture and more + Computational models for neural Small Businesses networks & Analytic Experts + Linear programming Analytic Innovation Accelerates 2000-2009: Production version of R language for analytic software grows from 0 to 1,000,000 users' Buy! Buy! Buy! 2000-2012: Analytic software market grows from $11 billion to $35 billion? Analytic Talent Gap grows as demand skyrockets Mid-size Businesses & Tech Startups 21st Century's Sexiest Job 2011-2012: Data scientist job posts jump 15,000%* Corporations & Research Institutions Affordable and Accessible analytics as tools become broadly adopted Hyper-connectivity 2012:1.7 billion mobile devices sold and 2+ billion people on social networks add to data explosion Government Agencies 1930s-40s 1950s-1960s 1970s-1990s 2000-Present Next Dawn of Commercialization Computer Age of Analytics Analytics Goes Mainstream Analytics' Deep Impact Ubiquitous Analytics 1940s: 1950: 1973: Widespread analytics use: dynamic ticket pricing, shopping and movie recommendations, traffic management and much more Turing and Good conduct • Cloud-based analytic exchanges: lead to Collaboration Economy between developers, businesses, researchers, scientists and entrepreneurs ENIAC computer generates first models to forecast weather Black-Scholes model created to predict optimal price for stock options over time groundbreaking work with "weights 1951: 1980: First university degree program in Operations Research (Case Institute of Technology) of evidence" to First commercial tool for building model-driven Decision Support Systems is marketed • Natural language processing: unlocks analytic value of unstructured data (e.g., Facebook posts, web pages, PDFS, email, Word docs) • Individuals use analytics in everyday decisions: about education, careers, finances, healthcare, peer-to-peer renting and lending ("share economy") decode German messages in WWII 1940: 1956: 1992: Analytics solves "shortest path problem," improving air travel and logistics Kerrison Predictor automates targeting of anti-aircraft FICO deploys real-time analytics to fight credit card fraud Big Data arrives: 2.5 quintillion bytes of data created each days • Curing rare diseases: becomes a financial winner 1995: • Server farms and low-cost, high-speed processing: make distributed computing and Big Data analytics viable for most organizations weapons against enemy planes 1958: Amazon and eBay go live; race to personalize online experience is on • Predictive policing: FICO applies predictive modeling to credit risk decisions preempts many crimes 1944: Manhattan Project team runs computer simulations to 1998: Anticipatory analytics: makes it nearly impossible to crasha car or burn dinner 1966: Google applies algorithms to web searches to maximize results relevance Growing demand for talent: 190,000 more analytics experts and 1.5 million more data-literate managers needed in US alone by 20186 Future SAS Institute starts as predict behavior of nuclear chain research project funded by US Department of Agriculture 1998: Moneyball changes pro sports as Oakland A's use analytics for a competitive edge Mass marketing campaigns are dead: all customer interaction is personal reactions • Data licensing trumps data purchasing: in a world where data gets stale in minutes FICO 1 http://bits.blogs.nytimes.com/2009/01/08/r-you-ready-for-r/ 2 IDC Market Analysis: Worldwide Business Analytics Software 3 http://hbr.org/2012/10/data-scientist-the-sexlest-job-of-the-21st-century/ 4 http://www.indeed.com/jobtrends?q=%22Data+ścientists%22&l=1&relatíve=1 5 http://marclaconner.com/blog/data-on-big-data 5 http://spotfire.tibco.com/blog/?p=6886 www.fico.com/analytics © 2013 Fair Isaac Corporation. All rights reserved. Key Innovations New Users. 哺 Milestones 目 Collaboration leads to massive innovation