big data for the little guy - brad smith data roundtable
Post on 18-Oct-2014
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CEO Brad Smith shares findings from a 10-year forecast on how big data will impact individuals and small businesses and Intuit's point of view on an emerging trend: Big Data for the Little Guy. Smith shares two examples, among several, of Intuit's data-driven innovations. For more visit network.intuit.comTRANSCRIPT
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Big Data for the Little Guy
Brad Smith President and CEO
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• Authored by Steve King and Carolyn Ockels, Emergent Research
• Methodology: Mix of research and forecast methods
• Released 12/14/12
Intuit 2020 Report: The New Data Democracy How Big Data Will Revolutionize the Lives of Small Business and Consumers
New Research on Big Data
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• Explosive tech growth fueling a data revolution. • Global volume of digital data to increase 40-fold.
• Access to cheap, sophisticated, data-powered tools & systems give consumers & small businesses an edge.
• Data quickly becoming a new type of vital raw material.
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• Drives decision-making.
• Tasks delegated to digital concierges.
• Creates new market transparency that radically alters how business is done.
• Will build a stronger community.
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• Levels the playing field.
• Will bring back the level of personal service.
• Creates opportunities for new & existing small businesses.
• Sensors, smart machines will help do the work.
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Data Empowers Consumers Data will help people navigate modern life
Data Drives Main Street Digital New rules emerge for being smart in small business
The New Data Democracy Data will become a new vital raw material
Research Summary
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• Data-driven insights empower people to save time and money and make meaningful changes in their lives.
• Small businesses now have access to insights that were once only available to big, multi-million dollar companies.
• Data and data-driven insights are the fuel of the 21st
Century global economy.
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Intuit is a Leader in this Trend
Entrusted with the collective data of our 60 million customers… 45 million using connected services.
Applying Intuit’s core capabilities, the secret sauce that has made Intuit a trusted global brand.
All of Intuit’s data-driven innovations are built on a strong foundation of privacy, security and customer choice.
Design for Delight Customer Driven Innovation
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Data a Pillar of our Growth Strategy
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Improving Our Customers’ Financial Lives So Profoundly…
Suppliers Government
Developers
Consumers Financial Institutions
Accountants Employees
Small Businesses
Delivering awesome product experiences
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Suppliers Government
Developers
Consumers Financial Institutions
Accountants Employees
Small Businesses
Delivering awesome product experiences
Enabling the contributions of others
Improving Our Customers’ Financial Lives So Profoundly…
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Suppliers Government
Developers
Consumers Financial Institutions
Accountants Employees
Small Businesses
More than $2.4B in savings identified
Delivering awesome product experiences
Enabling the contributions of others
Using data to create delight
Improving Our Customers’ Financial Lives So Profoundly…
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Suppliers Government
Developers
Consumers Financial Institutions
Accountants Employees
Small Businesses
Help customers obtain capital faster
Help lenders make more informed risk decisions
Delivering awesome product experiences
Enabling the contributions of others
Using data to create delight
Improving Our Customers’ Financial Lives So Profoundly…
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Suppliers Gov’t
Developers
Consumers FIs
Accountants Employees
Small Businesses
Delivering awesome product experiences
Enabling the contributions of others
Using data to create delight
Improving Our Customers’ Financial Lives So Profoundly…