Big Data Analytics Armistead Boyd SVP, Product & Data - - PowerPoint PPT Presentation

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Big Data Analytics Armistead Boyd SVP, Product & Data - - PowerPoint PPT Presentation

Big Data Analytics Armistead Boyd SVP, Product & Data Partnerships October 25, 2016 What is Big Data Analytics? Data Future Data Past Data Present 1 Big Data Trends Data Driven Organization Other Executives 5% 8% Operations Data


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Big Data Analytics

Armistead Boyd SVP, Product & Data Partnerships October 25, 2016

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What is Big Data Analytics?

Data Present Data Future Data Past

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Big Data Trends

39% 19% 24% 8% 10%

Sales Marketing Executives Operations Other

Who Drives the Data Analytics Strategy?

Source: Telstra Global Research

5% 17% 46% 27% 5%

Data Driven Organization Data Implementation Data Aspirations Data Impaired Data Awareness

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Data Opportunities and Challenges

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Is Data Important to Your Customers?

Source: Barlow Research Associates

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Data Complexity = Regulatory Complexity

1932 1932

Glass-Steagall 37 Pages

1980 1980

Basel I 30 Pages

2004 2004

Basel II 347 Pages

2010 2010

Basil III 616 Pages

2015 2015

Dodd-Frank 2,300 Pages

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The Data Nemesis

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How Data Transformed Other Industries

Failure and Success of Customer Data The Customer Data Experience

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Why Big Data Does Not Work

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Integrated Systems = Data / Business Intelligence

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360º Data View – Customer Intelligence

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Data = Operational Intelligence

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Data = Cross Sell Opportunities

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Data = Customer Intelligence

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What Data Analytics Enables

  • 1. Online Applications
  • 2. Auto Decisioning
  • 3. Data Driven KYC / Questionnaires
  • 4. Automated Onboarding
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The Data Engagement Relationship

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Investing in Big Data

Source: Telstra Global Research

6% 51% 43%

Data Analytics Hardware Software % of Technology Budget Spent on Data Analytics

Current

18% 26% 56%

Data Analytics Hardware Software

Next 2-3 Years

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Big Data Results – What to Expect

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Big Data Case Studies

$2.6 billion Tennessee $3.0 billion Pennsylvania $9.9 billion Georgia

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The Big Data Conclusion

  • Understanding the Past, Present, Future
  • Big Data no Longer Optional
  • Driven by Business
  • Streamline and Integrate Systems
  • Turn Data into Intelligence
  • Benchmark the Results

Bi Big Data

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Big Data Analytics

Armistead Boyd SVP, Product & Data Partnerships October 25, 2016

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Financial Results

Da Data Inefficient t Bank Da Data Efficient t Bank