information 3.0 - data + technology + people
DESCRIPTION
Presented by Charlie VanekTRANSCRIPT
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Information 3.0: The Future of Data ManagementLisa Schlosser, CTO Thomson Reuters Content Marketplace & Charlie Vanek, Sr. Director, Product Marketing, Hubbard One
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The Future of Data Management
• Introduction
• Data: Big Data Drives Transformational Value
• Technology: Case Studies in Big Data– Lisa Schlosser
– Charlie Vanek
• People: Collaboration between CTO & CMO
• Recommendations to overcome Impediments to Transformational Value
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Big Data
Big Data: datasets whose size is beyond the ability of typical software tools to capture, store, manage and
analyze
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Big Data
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Technology Trigger
Peak ofInflated Expectations
Trough of DisillusionmentSlope of Enlightenment Plateau of
Productivity
time
expectations
Years to mainstream adoption:
less than 2 years 2 to 5 years 5 to 10 years more than 10 yearsobsoletebefore plateau
As of July 2011
Human Augmentation
Quantum Computing
3D Bioprinting
Computer-Brain Interface
Video Analytics for Customer Service
Social TV
"Big Data" and Extreme Information Processing and Management
Mobile RobotsNatural Language Question Answering
Speech-to-Speech Translation
Context-Enriched Services
3D PrintingGamification
Group BuyingSocial Analytics
Wireless Power
Internet TVNFC PaymentPrivate Cloud Computing
Augmented RealityCloud ComputingMedia Tablet
Virtual AssistantsImage Recognition
Cloud/Web Platforms
Hosted Virtual Desktops
E-Book Readers
ConsumerizationQR/Color Code
Idea Management
Location-Aware Applications
Predictive Analytics
Speech Recognition
Internet of Things
Activity Streams
In-Memory Database Management Systems
Gesture Recognition
Mesh Networks: Sensor
Machine-to-Machine Communication Services
Virtual Worlds
Biometric Authentication MethodsMobile Application Stores
Big Data
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"Big Data" and Extreme Information Processing and Management
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Big Data
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Big Data
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Big Data
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Big Data
Big Data: are there instances where similar investments yielded
outsized results?
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Big Data
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Big Data
Tailored to business, KPIs
Deployed sequentially, building capabilities over time
IT Investment evolved simultaneously with managerial innovation
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Big Data
Big Data: will it produce sector-wide productivity gains like it did for
Big Iron?
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Big Data: Transformational Value
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The Future of Data Management
• Introduction
• Data: Big Data Drives Transformational Value
• Technology: Case Studies in Big Data– Lisa Schlosser
– Charlie Vanek
• People: Collaboration between CTO & CMO
• Recommendations to overcome Impediments to Transformational Value
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Technology
Software Development
Data Center
Shared Platforms
Business UnitsContent Marketplace
Software Development
LEADERSHIP
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CONTENT MARKETPLACE
is an information architecture– a set of common standards and policies
for the way we create, consume, describe,
manage and distribute our content –
that enables content interoperability
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Technology
Content Marketplace enabling content interoperability across Thomson Reuters – People Data
Content Marketplace is helping us innovate, locate, and understand our content Thomson
Reuters-wide
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PeopleAuthority
Technology: CLEAR Product Example
Documents Entity Extraction
Company Authority
People Warehouse
CompanyWarehouse
Relationships and Attributes
R
R
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Technology: Entities, attributes and relationships in action
R
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Technology: Content Marketplace
Content Marketplace is enabling content interoperability across Thomson Reuters. Big data will be solved through a combination of enhancements to the people, processes and
technology strengths of an enterprise.
Officers and Directors
Attorneys
FINANCIAL
LEGAL
TAX & ACCT
SCIENCE
MEDIA
Accountants
Journalists
Researchers
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Who’s Who In China
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Technology: Content Marketplace Skills
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INFORMATION ARCHITECTURE
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The Future of Data Management
• Introduction
• Data: Big Data Drives Transformational Value
• Technology: Case Studies in Big Data– Lisa Schlosser
– Charlie Vanek
• People: Collaboration between CTO & CMO
• Recommendations to overcome Impediments to Transformational Value
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PeopleAuthority
Technology: CLEAR Product Example
Documents Entity Extraction
Company Authority
People Warehouse
CompanyWarehouse
Relationships and Attributes
R
R
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!
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Technology: Business of Law Example
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Technology: Business of Law Example
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Mary Vasaly, Maslon Edelman
Defense
Client: AMD
Hon. R. Jones: Judge, 9th Circuit
Sam Carson, Orrick, Herrington
Plaintiff
Client: Intel
Technology: Business of Law Example
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Technology: Business of Law Example
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PeopleAuthority
Data Sources“Things we’re interested in”
Company Authority
People Warehouse
CompanyWarehouse
Relationships and Profiling Information
R
R
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Documents Entity Extraction Relationships and Attributes
ERM
EM
Third-party data
T & B
Technology: Business of Law Example
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Technology: Business of Law Example
Placeholder for Intranet Portal screen shot
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Technology: Business of Law Example
R
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The Marketing View: Segmentation
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ERM
EM
Third-party data
T & B
Technology: Business of Law Example
Top 25 Companies for Practice Area X by Billing
With a relationship strength index of Z
With YoY revenues of +5%
With whom we’ve done specific corporate work
• Company Name
• GC
• Revenue/Turnover
• Billing
• Attorneys with Strongest relationships
• Contacts at the Company
• Telephone #’s
Questions Answers
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Technology: Business of Law Example
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Technology: Transformational Value
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The Future of Data Management
• Introduction
• Data: Big Data Drives Transformational Value
• Technology: Case Studies in Big Data– Lisa Schlosser
– Charlie Vanek
• People: Collaboration between CTO & CMO
• Recommendations to overcome Impediments to Transformational Value
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People
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CMO CIO
53%
65%
40%
55%
50%
44%
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People: CMO – CTO Collaboration
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CMO CIO
69%
46%
26%
19%
24%
51%
47%
21%
58%
21%
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People: CMO – CTO Collaboration
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CMO CIO
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People: CMO – CTO Collaboration
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CMO CIO
46%
44%
41%
36%
36%
18%
38%
30%
13%
46%
39%
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People: CMO – CTO Collaboration
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CMO CIO
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The Future of Data Management
• Introduction
• Data: Big Data Drives Transformational Value
• Technology: Case Studies in Big Data– Lisa Schlosser
– Charlie Vanek
• People: Collaboration between CTO & CMO
• Recommendations to overcome Impediments to Transformational Value
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Transformational Value
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Impediments to Big Data Transformational Value
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Recommendations for Data Policies and Security
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Enhanced security and compliance will mitigate risks of loss, theft, misuse and breach of sensitive content. Public records content, as used with CLEAR, is at the high end of
protected content.
• Employee credentialing and background checks• Management of employee access• Encrypted logging and log monitoring• Training
• High security network zone with monitoring and intrusion detection
• Security audits• Enhanced configuration management
Customer Misuse
External system or password compromise
Employee Misuse
• Customer credentialing and enhanced due diligence• Password enhancement• Restrictions for IP, domestic and foreign• Monitoring for usage anomalies and VIP searching
Risk Mitigation
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Impediments to Big Data Transformational Value
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Recommendations for Infrastructure
• Recognize that different project team members use different application, formats, and standards to exchange information. Look for common ways to normalize and extract meaning from all types of content to that it can be exchanged across the organization
• Assess current range of information management infrastructure capabilities – identifying gaps (missing capabilities) and overlap/redundancies (multiple approaches to a capability, and/or multiple technologies supporting it)
• Use existing systems and designs as starting points to develop common models that can then be shared by different processing components and system entities
• Identify an initial set of information management “common capabilities” and begin to leverage these in support of in-demand cases
A strong information infrastructure assumes a phased implementation approach that utilizes legacy systems, designs for scale, and prioritizes by
information valuation
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Information Valuation - Identify information that matters most
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Impediments to Big Data Transformational Value
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Recommendations for Organizational Change and Talent
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Recommendations for Organizational Change and Talent
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FROM MAD MEN…
TO MATH MEN!
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Impediments to Big Data Transformational Value
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Recommendations for Access to Data
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Recommendations for Access to Data
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Impediments to Big Data Transformational Value
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CMO – CTO Collaboration
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CMO CIO
46%
44%
41%
36%
36%
18%
38%
30%
13%
46%
39%
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Each of these functions addresses a range of questions about an organization’s business processes. Analytics provides a higher level and proactive solution to these questions.
Com
petit
ive
Adva
ntag
e
Business Intelligence
OPTIMIZATION
PREDICTIVE MODELING
FORECASTING AND PLANNING
STATISTICAL ANALYSIS
THRESHOLD ALERTS
PRE-DEFINED DRILLING
AD-HOC REPORTING
PRE-DEFINED REPORTING
LARGE DATA EXTRACTS
DRILL ANWHERE
HIERARCHIES DATA MAPPING
DECISION TREE ANALYSIS
DATA MINING
INFO
RMAT
ION
DELI
VERY
What is the best way to improve, what else can we do?
What will happen next, how will it happen?
What will happen if these trends continue?
Why is this happening?
What actions are needed?
What exactly is the problem?
How many, how often, who, when, where?
What happened?
What data has been captured?
What else is causing this problem?
Where exactly is this happening?
What will this lead to?
What else is affected by this?
Exhibit identifies the different ways in which data is used and structured by an organization, and the competitive advantage that organizations achieve
Source: IBM 54
Example of Big Data Transformational Value
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Established science to lead generation– drive highly targeted leads based on customer cues indicating the right time to pursue a sales
Eligibility Propensity
Behavioral Metrics:• Ancillary Usage• Warning Screen Declines• Free Trial Usage• New Print Purchases• Docket Appearances
Propensity
Statistical Modeling:• Up-sell Scores• Case Notebook• People Map• ProDoc
Estimated Practice Areas:
• Estimated Practice Area (EPA)• Bankruptcy Fillings• IP – Patent / Trademark Filings
Usage in Defined Content Sets:
Usage Spikes:
Print Purchases
Docket Appearance:
Jury Verdicts:
Behavior (Trigger Events)
Future Price Increases
Password Increases:
Eligibility
Geography
Firm Size
Renewal Eligibility
WestPack Runway
Significant Print Spend
Example of Big Data Transformational Value
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PeopleAuthority
Data Sources“Things we’re interested in”
Customer Warehouse
Relationships and Profiling Information
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CRM
Accounting System
Third-party data
User Behavior
on WL
Technology: Business of Law Example
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• Field resources have very positive opinions and recognize the improvement in lead quality (80% agree vs. 0% disagree)
• Reps achieved 105% of quota and grew sales 116% over prior year
SMART Leads has increased my number of potential sales for existing accounts
Thanks to SMART Leads, leads are more accurate/effective
80%
80%
Using SMART Leads saves me time compared to my previous process
67%
SMART Leads has increased my number of new prospects
60%
SMART Leads has prompted me to pitch products that I wouldn’t have otherwise considered
33%
Thanks to SMART Leads, I am more effective at converting leads 53%
Percent of field reps that tend to Agree or Strongly Agree with these statements . . . .
Thanks to SMART Leads, I can sell more in less time 47%
Results:
Example of Big Data Transformational Value