© 2016 Finity Consulting Pty Limited

Big Data Re-Defin’d

Beneath the hype

CFO-CRO Conference June 2016

Snapshot of Big Data in Australia

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The next

Internet

89% of business

leaders believe

Big Data will be

the next Internet

Big Data

Technology &

Services

Australian spend

$475 million in

2015 as the

Algorithmic

Economy

Evolves

Customer

Engagement

Customer

relationship

expected to be

the focus of Big

Data

BI and Data

Analytics

12% increase in

a year to $670m

in 2015

Organisational

Change

Leaders believe

businesses must

change to

accommodate

Source: Gartner, IDC, Accenture

Completing the picture of the Customer

(and IT to process the Data)

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Global Fintech Financing (2010 – 2016)

The value of global fintech investment in

2015 grew by 75% to $22.3 billion

Fintech investment in APAC more than

quadrupled to $4.3 billion in 2015 4

WAIV - Online system for global remittance. Valued at

$US100 million after closing a $US21 million round in

August 2015 and aiming to make inroads in Asia.

Tyro - Tyro will directly compete with the banks in the

payments space. It was granted a full bank licence and

closed a $100 million investment round, which will allow

it to transform into a “next generation bank”.

MoneyPlace - Focusing on the fast-growing lending

sector. Won an “Australian-first” deal with a big bank

worth $60 million to expand its lending ability.

Data Republic – Data sharing platform – “The

Senate” allows companies and government to share

data securely has raised $10.5 million from Westpac-

Reinventure, NAB and Qantas.

Leading Australian FinTech Companies

Source: http://www.fintechinnovationlablondon.co.uk/fintech-evolving-landscape.aspx

InsurTech – Emerging as a Game Changer

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The insurance-

specific branch of

FinTech,

InsurTech, is

emerging as a

Game-Changing

opportunity for

insurers.

InsurTech Investment Trends 2011 - 2016

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In 2014 - Tech companies targeting the insurance space received less than $800 million in funding

In 2015 - Insurance tech start-ups attracted more than three times that, receiving $2.6 billion

The common thread……. Data & Analytics

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Data Monetisation will take off – IDC predictions

By 2020 data monetisation efforts will result in

enterprises increasing the marketplace’s

consumption of their own data by 100-fold.

50% of all business analytics software will include

prescriptive analytics built on cognitive computing.

In 2015 three times as many companies reported

efforts to commercialise their data compared to 2014.

The common problem……. A skilled workforce

Enhancing the Customer Experience with

Data Analytics

It’s all about how we use

Predictive Analytics to

anticipate customer needs

and pain points

8

The World's Top 10 Most Innovative

Companies Of 2015 in Big Data - Catapult

Catapult - for taking the guesswork out of

injury prevention.

Teams want to find value in data and want

to use science to manage their athletes.

Turn physicality into data—measuring an

athlete’s power and movement efficiency

which gives insight to uncover vitally

important information - like whether an

athlete is developing an injury, or whether

certain workouts are overly stressful.

9

The Power of 3rd-Party Data to Innovate

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In Australia, the economy-wide value of

government data is estimated to be

between $500 million and $25 billion per

year.

The 2014 Lateral Economics report found

that opening up further access to public

sector data could add around $16 billion

annually to the Australian economy.

Productivity Commission in 2016 stated:

• Data is integral to businesses function

• Key economic resource

• Potential to lift efficiency

• Empower consumers

• Boost competition

• Drive innovation

• Make governments more accountable

© 2016 Finity Consulting Pty Limited

Introducing

Powered by

Understanding each Australian

About the Household:

Who lives in the household

Household income

Type of home

Home ownership

Tenure in current home

Number of bedrooms

Number of cars

About the Individual:

Gender

Age

Relationship with others in

the home

Birthplace

Education level

Labour force status

Individual income

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About their car(s):

Make

Year of manufacture

Vehicle class

Lets zoom in some more

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Purchasing Behaviours:

Shopping behaviours

Propensity to shop around

Switching brands

Preferences

Media Habits:

Media channels

Preferred programs

A Profile of Every Australian

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Demographic Segments

Life Stage

Wealth

Geography

15

Understanding Behaviour

16

20,000 people per year

200+ question interview

Psychographic Segments

17

Budget

Conscious

Early

Adopters

Social

Awareness

ABS Census Data Sits at Core

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Some facts and figures for context

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24 million interconnected individuals

14 million motor vehicles each attached to a home

9 million households described

41,000 lines of code

31 billion cells of data

Live demo

Federal Election

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Election Insights - Parramatta

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Election Insights - Parramatta

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Big Data Business Model – Maturity Index

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Where are you ?

InsurTech Blockchain Investments

EU’s biggest insurer Allianz

Risk Transfer and Nephila

Capital successfully piloted the

use of blockchain smart

contract technology for

transacting a natural

catastrophe swap.

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Questions?

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