How to unlock profits through data?

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  1. How to unlock profits through data? SANDEEP RAO (CEO) www.einsights.com 2. The two key forces that shape industries globally 2 1.Regulation 2.Technology We can only…
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  • 1. How to unlock profits through data? SANDEEP RAO (CEO) www.einsights.com
  • 2. The two key forces that shape industries globally 2 1.Regulation 2.Technology We can only REACT We can be PROACTIVE In the world of technology, you have choice and the option to embrace what you want, when you want!
  • 3. The next big thing in the technology world! 3 BIG DATA IBM – 90% of the data today was created in the last two years
  • 4. But it can be all too confusing! 4 BIG DATA IBM – 90% of the data today was created in the last two years Business Intelligence MIS Reporting Predictive Analytics Data Mining Data Scientists Hadoop R Business Warehouse Business Analytics
  • 5. A better ideology that makes sense! 5 BIG DATA Business Intelligence MIS Reporting Predictive Analytics Data Mining Data Scientists Hadoop R Business Warehouse Business Analytics SMART DATA
  • 6. How can SMART DATA help you? 6 1.Increase Revenue 2.Reduce Risks and Costs 3.MOST IMPORTANT – Save Time
  • 7. How can SMART DATA help you? 7 1.Increase Revenue Customer Analytics – for sales & retention Business Performance Management 2.Reduce Risks and Costs Streamline reporting & enhance governance Understand & manage your cost structure 3.Save Time We spend about 2.5 hours a day “looking” for information*  ~900 hours a year!!! Get the information you need when you need – Enhance Decisions! Pattern / Trend Recognition *Einsights research & Interviews
  • 8. 8 ACT REAP THINK There is an ART to SMART DATA
  • 9. There is an ART to SMART DATA 9 1.ACT Stop procrastinating – Data cleansing, Systems, Process, Resource, Money Chose your key metrics – (HINT – They are the ones related to your incentives) Build a basic MIS – manually if required (HINT – Recruit an intern!) 2.REAP Harvest “LOW HANGING FRUITS” – You will see insights instantly What gets measured gets improved Build trust among stakeholders – Improve “Data Literacy” 3.THINK Review your organisational progress & maturity Automate as much as you can Consider engaging specialists / consultants to take you to the next level
  • 10. Einsights – Your gateway to SMART DATA! 10 Website: www.einsights.com Press: http://www.ifa.com.au/news/13773-advisers-urged-to-become-data-smart www.einsights.com/press Email: hello@einsights.com Phone: +61 2 8249 1901
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