Big data, the management revolution

Big data, the management revolution

1. How data driven companies perform

   • True or false
     • It makes an study to know if the data driven improve the performance of the companies
       • In an interview of 300 executives americans of public companies
         • The result
           • Not all of them was embracing data driven decision
           • The companies characterized by data driven decision, has better results between the finances objectives and operationals
             • 5% more productive and 6% more profitable than their competitors
               • For example
                 • Improved airline ETA`s
                   • Need
                     • Importance of time more precise information to take decisions
                       • Why
                         • Due to late flight there are a lot of motive staff and a lot of money is lost
                           • Solution
                             • It was calculated these times by combinnig public data available on climate
                               • The company keeps all the data you have collected over time
                   • About 10% of the flights in its main center had a least of 10 minutes between the rrival time on actual arrive time
                 • Speedler more personalized
                   • When a company is faster, it can heard more clients
                     • Use big data leads to better prediction and better productions, in orter totake aproppiate decisions faster
                   • More time ro customize the attention

2. New culture of decision making

   • Multing hippos
     • People trust more in intuition sometimes that in big data
       • What to do to achieve a data transition?
         • Five management challenges
           • Leadership, team with clear goals
           • Talent management
             • People who know how to manage visualization tools and techniques
           • Technology
             • Newest tools to handle the volume, velocity and variety of big data
           • Company culture on change acting , making decisions if not base each decision in numbers
           • Decision making
             • The tright data with the people who have problem solving techniques

3. What’s new here?

   • Gathers faster information
     • Why?
       • Shows information in real time
   • Stores a lot of information
     • From social media or text messages
     • It’s not that expensive

4. It’s important for managers to gather information and to take decisions

5. Big data helps companies to target customers easier