Market Perspective 2017: How Data Science Will Drive the Next Wave Of Disruption | AnacondaCON 2017
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Transcript of Market Perspective 2017: How Data Science Will Drive the Next Wave Of Disruption | AnacondaCON 2017
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#OpenDataScienceMeans #AnacondaCON
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Business executives know that disruption is lurking
Source: “Understand The Digital Business Landscape” Forrester report.
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Source: “Will People Really Do That?” Forrester report
2007 - 2016
2017 - 2026
“The next 10 years will generate an order of magnitude of more change than the past 10 years.”
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Source: https://futurism.com/images/ai-forecast-for-2017/
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Firms are eager to hire or train “data scientists”
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It’s a team sport The process can be more valuable than the model
Speed is exceptionally
important
Source: “The Four Things Data Scientists Wish You Knew” Forrester report
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What if Moore’s law applies to number of models?
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Digital insight is insight you can test and implement in software
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Firms that bake an evolved data science into systems of insight will win
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Winners will make data science a part of systems that close the loop between data and action
Source: “Digital Insights Are The New Currency Of Business” Forrester report
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These insights-driven firms will steal $1.2T by 2020
Sources: Morningstar, PitchBook, Economist Intelligence Unit
Revenue forecast of insights-driven businesses
2016 2017 2018 2019 2020
$1200
$800
$400
0
Public: 27% CAGR
Startups: 40% CAGR
Global GDP compound annual growth rate (CAGR) is only 3.5%
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© 2016 Forrester Research, Inc. Reproduction Prohibited
Built differently + operate differently
= steal revenue and customers
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Insights-driven firms build systems of insight
Source: “Digital Insights Are The New Currency Of Business” Forrester report
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Tesla’s system of insight delivers competitive advantage
Source: Tesla
Web UI
Data Science Platform
MongoDBHadoop SQL Server MySQL
Data Sources
Visual Analytics
Data Scientists
Engineers Firmware team
Pipe-lineData
Engineers
The insights team manages insights to execution
Change driving experience
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They put data scientists on insight teams
Source: “Digital Insights Are The New Currency Of Business” Forrester report
Business leader Manages the team to optimize a specific business outcome
Technology leader Responsible for testing, implementation, and architecture
Domain experts Recognize insights worth the investment
Developers Test and implement insights in software and business rules
Data scientists Build models and exercise them to reveal potential insights
Data engineers Gather, assess, integrate, prepare, and manage data
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They drive speed around the loop
Source: ”The Insights-Driven Business” Forrester report
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Source: Upcoming “The Anatomy Of A System Of Insight” Forrester report
Big Data Foundation
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Turn your data science ambition into insights-driven investment
v Make data science a team sport.
v Look at the heart of strategic change.
v Close loops.
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How AI automates the insight loop
DataInsight About
“Things”
Decisions / Actions
• Datapreparation
• Featureengineering
• Modelselection
• Modelapplication
• Datafiltering
• Modelgovernance
• ModelMonitoring
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Turn your data science enthusiasm into insights-driven investment
v Make data science a team sport.
v Look at the heart of strategic change.
v Close loops.
v Use AI to automate the insight-to-execution process.
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Source: Upcoming “The Anatomy Of A System Of Insight” Forrester reportSource: Forrester Research, Inc. Unauthorized reproduction, citation, or distribution prohibited.120088
ContactCenter
Solution
Big Data Fabric provides infrastructure services that support and run insight platform components
Sales Insight PlatformSome run on shared big datafabric services
Marketing Insight PlatformSome run on shared big datafabric services
Real-time InteractionManagement Solution
IoT Insight PlatformAll components runseparately from big datafabric
SalesManagement
Solution
IoTSolution
Buy UseDiscover and Explore
IoTSolution
Ask
States In The Customer Lifecycle
Systemof Insight
Systemof Insight
Systemof Insight
Systemof Insight
Systemof Insight
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Vendors are evolving to platforms
Source: “Vendor Landscape: Insights Platforms, Q3 2016” Forrester report
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#OpenDataScienceMeans #AnacondaCON