Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems...

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Big Data Analytics How data changes our way of lives

Transcript of Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems...

Page 1: Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems •Vehicle diagnostics, driving patterns, and location information •Financial business

Big Data Analytics

How data changes our way of lives

Page 2: Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems •Vehicle diagnostics, driving patterns, and location information •Financial business

Digital technologies that change our way of lives

Page 3: Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems •Vehicle diagnostics, driving patterns, and location information •Financial business

Ask

questions

Prospective

Customer

Call Center

Online Store Cart

Paid

Enrolled

Customer

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Needs

Desires

Preferences

Opinions

Behavioral Data

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The rapid development of technology led

to the explosive growth of data in almost

every industry and business area.

DATA IS THE NEW OIL

Data of great Volume, Variety, and Velocity

Page 6: Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems •Vehicle diagnostics, driving patterns, and location information •Financial business

BIG DATAAn umbrella term for all sorts of data

Structured Unstructured

Page 7: Big Data Analytics · •Traffic & weather data from sensors, monitors and forecast systems •Vehicle diagnostics, driving patterns, and location information •Financial business

WHERE TO LOOK FOR DATA

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PREDICTIVE

ANALYTICS

AI / Machine Learning

Software

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• First Union Bank deployed a value predicting system that assigns

green / yellow / red flag to each customer, based on their

predicted lifetime value.

• Service representatives were instructed to waive fee for green

customers, and not waive for red customers. For yellow

customers, they can make their own judgement.

• This strategy generated over $100 million in incremental revenue.

CREDIT SCORING

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MACHINE LEARNING

Credit: nicolamattina.it

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Real-time Face Recognition

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ANSWERING

BUSINESS QUESTIONS

• Who are the most profitable customers?

– A straightforward database query, if “profitable” can be defined clearly.

• Is there really a difference between the profitable customers and the

average customer?

– Statistical Hypothesis testing

• But who really are these customers? Can I characterize them?

– Automated pattern finding

• Will some new customer be profitable ? How much revenue can I expect?

– Predictive model of profitability

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TourismUse Cases

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Context-based Search Services

Thai National Lanaguage Processing

Attraction Hashtag Recommender Services

Similar AttractionServicesAPI

Attraction Information Services

Tourism Authority of Thailand

Department of Tourism

Ministry of Tourism and Sports

Designated Areas for Sustainable Tourism Administration (Public Organization

Attraction Information

Sources

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Huay-Yang Reservoir (Tapraya National Park )

อ่างเก็บน้้าที่ไม่เพียงเป็นแหล่งน้้าส้าหรับการเกษตรและอุปโภคบริโภคตลอดปี เป็นแหล่งเพาะพันธ์ุปลาน้้าจืด รวมทั้งบรรเทาป้องกันอุทกภัยให้กับชาวสระแก้วเท่าน้ัน หากยังเป็นสถานที่พักผ่อนหย่อนใจที่รายรอบ ด้วยทัศนียภาพสวยงาม ที่ชาวสระแก้วนิยมมาน่ังรับประทานอาหารพร้อมธรรมชาติในคราวเดียวกัน

>Reservoir>National Park >Tapraya>Fish Breeding Ground

Attraction Name

Attraction Details

Recommended Hashtags

Nature Attractions >> National ParksBreeding Ground >> Fish Breeding Ground

SaveSelected Hashtags

Hashtag Recommender Services

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Smart Search Services: Similar AttractionsSearch results on “Kho Good Diving”

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Smart Search Services: Context-based

Search results on “World War”

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“Pin”-as-a-Services with attraction details

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Attractions Recommendation, How ?

budget

Favorites and preferences

Nationality

Travelling dates

Area of interests

Recommended attraction

Inputs Recommender Output

Tourist behaviors

Adjust to travelling budget

Order attractions by preferences

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Attractions Recommendation, How ?

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Tourism Revenue Estimation

➢ Tourist Demographics Samplingby using data from the immigration form (Tor-mor 6)

Survey Data

Regression

• Immigration form for foreigners• Passport

Number of tourists

Total Revenue× =

Average spending

➢ Revenue calculationTotal Revenue = number of tourists

× average spending

➢ Spending Estimationusing regression model

Immigration Bureau

TAT

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Repeat Customers for Tourism Sectors

Survey Data Provided by TAT

Repeat customers

First timer / single visit customers

Segmentation with AI

Targeted Ads

Tourists

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Classification Using AI

Repeat Customer Prediction

Demographics➢ Male➢ Age 43➢ Profession: Teacher➢ Married with kids➢ Nationality: Chinese➢ revenue $60,000-$69,999➢ Travel with group tour➢ Visit with family

Input Processing Output

Prediction Results

➢ 14.5% First timer/single

visits

➢ 85.5% Repeat Customer

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BIG DATA IN LOGISTICS

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TRANSPORATION

Traffic Prediction

Personalized Insurance

Connected Car

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WITH BIG DATA, WE CAN

• Gauge sentiments of the general

public towards services

• Make it easier to maintain vehicle fleet

• Find more efficient routes to deliver

• Quicken the last mile shipping

• Make sure drivers are complying with

traffic law

The DHL Story

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POSSIBLE DATA

SOURCES

• Traditional enterprise data from operational systems

• Traffic & weather data from sensors, monitors and forecast systems

• Vehicle diagnostics, driving patterns, and location information

• Financial business forecasts

• Advertising response data

• Website browsing pattern data

• Social media data

The DHL Story

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PROCESS

OPTIMIZATION

• Goal: Streamline operational processes: mail and parcel processing and delivery

• Predictive analytics: predict parcel volumes and better determine delivery staff and vehicle requirements through analysis of correlations between external factors such as weather, flu epidemics, Google trends, and shipment data.

• Predictive maintenance: Equip new electric vehicles with sensors that track vehicles’ vital statistics.

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WHERE CAN WE START ?

• Credit Scoring

• Treasury or currency risk

• Fraud detection

• Accounts Payable Recovery

• Anti-money laundering

• Lead prioritization

• Sales Script Analysis

• Demand forecasting

• Resource optimization

• Resume screening

• Employee churn

• Training recommendation

• Talent management

• Predicting Lifetime Value (LTV)

• Wallet share estimation

• Customer churn analysis

• Customer segmentation

• Product mix

• Cross selling/Recommendation

algorithms

• Up selling

• Channel optimization

• Discount targeting

• Reactivation likelihood

• Target market

• Adwords optimization and ad buying

• Call center message optimization

• Call center volume forecasting