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EMC Journal Authors: Cloud Best Practices Network, William Schmarzo, Greg Schulz, Mat Mathews, Jeffrey Abbott

Related Topics: EMC Journal, Big Data on Ulitzer

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Creativity Is a Team Activity in Big Data | @CloudExpo #BigData

The potential of big data is only limited by the creative thinking of your business stakeholders

Creativity Is A Team Activity in Big Data

The potential of big data is only limited by the creative thinking of your business stakeholders, and that may be the most important concept in the “thinking like a data scientist” process.  The “thinking like a data scientist” process guides the business stakeholders into envisioning how big data can optimize their key business processes, create a more compelling customer engagement and uncover new monetization opportunities.  But neither the business stakeholders, nor the data scientists, can likely do that envisioning entirely by themselves.

The data scientists with whom I have worked are brilliant.  They have the ability to apply unique data enrichment techniques and a bounty of analytic algorithms in an attempt to identify those variables and metrics that are better predictors of performance.

However without the business stakeholders helping them by identifying the right hypotheses to test, the variables that will be better predictors of performance, and the business decisions that they need to make, the data science process can end up being rudderless – without a clear sense of direction and an understanding of what success looks like – a solution looking for a problem.

I will be covering our “thinking like a data scientist” process at the New York Strata+Hadoop World conference September 29 through October 1.

I will be presenting “Think like a data scientist: Build your big data blueprint” 5:25pm–6:05pm Wednesday, September 30.  The workshop session will be complete with a workbook, so like I tell my students at the University of San Francisco School of Management (I teach a course called The Big Data MBA), come to class ready to work.

And oh yeah, there just might be a special surprise for those folks who come to the session and complete the workshop.

Importance of Thinking Differently

Maybe the biggest inhibitor to creative thinking is the baggage about data and analytics that we have picked up over the years.  Organizations need to embrace the power of “thinking differently,” especially with respect to:

  • Data as a strategic asset to be gathered, enriched and shared, versus data as a cost to be minimized
  • The potential of predictive (what is likely to happen) and prescriptive (what should I do) questions versus of just mechanically capturing descriptive (what happened) questions
  • The power of data science to quantify those variables and metrics that are better predictors of performance, versus business intelligence that just reports on what happened while monitoring current business performance
  • Building analytic profiles at the individual (human, machine) level to uncover individual behaviors, tendencies, propensities, interests, passions, associations and affiliations that can lead to specific actionable insights, versus relying on aggregated data to uncover general market trends

Think_like_datascientistJeff Abbott of EMC Consulting’s Big Data marketing team has created a most excellent “Think Like a Data Scientist” Interactive Guide.  It outlines how we drive the creative collaboration process between business stakeholders and data scientists to identify and utilize predictive and prescriptive analytics to create new sources of business value.

Hey you data scientists!!  There is a guinea pig opportunity. Data Scientists attending Strata Hadoop World New York are invited to join an exclusive group of two dozen participants in a live User Feedback Program and get access to exclusive content and connect directly with EMC’s Big Data Solutions Product Management team. Join this program and share your insights on user experience and usability feedback for the Federation Business Data Lake.  Sign up is only 1 click away or come by the EMC booth (#319) during the show.

Summary

The most impactful, yet biggest challenge, to drive value out of big data doesn’t lie with the technology, but lies with getting the business stakeholders to think like a data scientist.

I think the Jules Verne quote from the book “Around the World in Eighty Days” perfectly describes the relationship between the business stakeholders and the data scientists:

“Anything one man can imagine, other men can make real.”

Beautiful

More Stories By William Schmarzo

Bill Schmarzo, author of “Big Data: Understanding How Data Powers Big Business”, is responsible for setting the strategy and defining the Big Data service line offerings and capabilities for the EMC Global Services organization. As part of Bill’s CTO charter, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He’s written several white papers, avid blogger and is a frequent speaker on the use of Big Data and advanced analytics to power organization’s key business initiatives. He also teaches the “Big Data MBA” at the University of San Francisco School of Management.

Bill has nearly three decades of experience in data warehousing, BI and analytics. Bill authored EMC’s Vision Workshop methodology that links an organization’s strategic business initiatives with their supporting data and analytic requirements, and co-authored with Ralph Kimball a series of articles on analytic applications. Bill has served on The Data Warehouse Institute’s faculty as the head of the analytic applications curriculum.

Previously, Bill was the Vice President of Advertiser Analytics at Yahoo and the Vice President of Analytic Applications at Business Objects.