impact of emerging technologies in business
DESCRIPTION
'Impact of emerging technologies in Business' was presented at the 17th IMA CEO Roundtable, by Sudipta K. Sen, Regional Director - South East Asia, Vice Chairman and Member of Board, SAS Institute (India). The presentation talks about how technologies in data management, analytics and BI can help organisations in driving breakthrough business outcomes.TRANSCRIPT
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IMPACT OF EMERGING
TECHNOLOGIES IN BUSINESS
SUDIPTA K. SEN
REGIONAL DIRECTOR – SOUTH EAST ASIA,
VICE CHAIRMAN & BOARD MEMBER
SAS INDIA
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LESSON FROM THE EVOLUTION
Dinosaur -
• Extinct even
though the largest
living organism in
the universe
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LESSON FROM THE EVOLUTION CONTD.
Amoeba
• Surviving even
though one of the
smallest living
organism in the
universe
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GLOBAL CHALLENGE
INNOVATE & OPTIMIZE
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GLOBAL CHALLENGE
INNOVATION
New ways of thinking. New strategies.
“Best Practices” vs. “Next Practices”.
Beyond improving on what already exists.
Involves risk and disruption.
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GLOBAL CHALLENGE
OPTIMIZATION
Process improvements.
Cost cutting. Reallocation of resources.
Let go of what you shouldn’t be doing.
Too much may challenge long-term viability.
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GLOBAL CHALLENGE
STRIKING A BALANCE
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DRIVING CHANGE
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DRIVING CHANGE
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DATA DRIVES INNOVATION
GLOBAL ONLINE POPULATION TO HIT 2.2 BILLION BY 2013
Internet Users 2008• US
• China
• Japan
• Brazil
• Germany
Internet Users 2013• China
• US
• India
• Japan
• Brazil
43% of the world’s online population will reside in Asia by 2013
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“Data that exceeds the processing capacity
of conventional database systems.”
BIG DATA –
WHAT IS IT?
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DRIVING CHANGE
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KEY
CONSIDERATIONS
Data
Platforms
Which kind?
Predict outcomes
Quantifiable benefit
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Driving the need for…
Intelligence with Analytics
IT’S ALL ABOUT PROFITABLE REVENUE GROWTH
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ANALYTICS
WHAT SHOULD YOU EXPECT?
Discover
Act
Anticipate
Hedge
Simulate
Illuminate
Eliminate
Contain
Understand
ReduceDecide
Constrain
Justify
Model
Conserve
Limit
Recycle Better
Find
Filter
Isolate
Pinpoint
Improve
Simplify
Streamline
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ANALYTICS
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DRIVING CHANGE
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ISLANDS OF INFORMATION
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BRINGING ISLANDS TOGETHER!
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Agility
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Are We Agile?
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Effective
Acquisition
Mechanisms
Structured
X-Sell and
Up-Sell
Structure
Increased
Share-of -
Customer -
Wallet
IncreaseProduct Holding Ratio
IncreaseShare-Of-Wallet
IncreaseMonth on Books
IncreaseCustomer Value
ReduceCustomer Irritation Quotient
ReduceLeaking Bucket Syndrome
ReduceMarketing & Allied Costs
ReduceBad Customer Acquisition
TOO MANY
DECISIONS TO
MAKE
IncreaseCustomer Value
ReduceTime to Decision
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STEP 1 – INFRASTRUCTURE
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STEP 2 – SEGMENT CUSTOMERS
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RETAIN
DON’TFOCUS
XUPXUPXUP
DON’TFOCUS
DON’TFOCUS
RETAIN
RE
TA
IN DON’T FOCUS
STEP 3 – PROFILE SEGMENTS
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Decisioning!
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CUSTOMER FOR OVER
4 YEARS
AVERAGE
REVOLVING
AMOUNT INR
12,000
AVERAGE
MOBILE
PAYMENT
7,200
MOBILE BILL
PAYMENT IS
ON STANDING
INSTRUCTION
VALUABLE
CREDIT CARD
CUSTOMER
CORROBORATIVE DATAPOINTS
• Busy Executive
• Age 36
• Living in South Mumbai
• Low Risk, Potentially
• High Value Customer
• Current exposure to Business
– VERY LOW
• Potential Cross-Sell Products
Personal Loan
• Communication Channel Priority
Electronic Mail and Mobile (SMS)
POSSIBLE ACTION
• Cross-Sell Prospect to PRODUCT-1 PL
• Propose via E-Mail Channel
• Provide 1 Year offer with Low APR
ANTICIPATED RESULT
• Increased Exposure thus Increased
Value/Revenue
NO
DELINQUENCY
IN 24 MONTHS
STEP 4 – KNOW YOUR CUSTOMER
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Timely Application!
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HOW?Empower Relevant Stakeholders in the Enterprise with Analytically Validated Decisions for Execution!
Run Targeted Outbound Programs
Transform Service to Sales
Mr. Kumar has with-drawn 4 Standard Deviation Higher Amount of Average Behavior today,
PL Scores have been consistent since three months – Propose an Offer!
Offer has already been calculated for 10.25% Interest
Lead Intimation
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SOCIAL MEDIA
WHERE DOES IT PLAY?
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SUCCESS STORIES
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SEBI
“SEBI has always been seen as a
proactive regulator, and when we
implement a solution of this kind,
we live up to that standard – a
standard that says, ‘Look,
somebody is watching you.’”
Avneesh Pandey, General Manager, SEBI
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TELECOM ITALIA
“Analysis that is valuable and
makes sense today may be
irrelevant tomorrow. And we need
to see well beyond tomorrow.
SAS Visual Analytics has allowed
us to identify profitable areas that
we can strengthen in terms of
infrastructure and services to be
marketed”
Fabrizio Bellezza, Vice President - National Wholesale
Services and Head of Market Development ,
Telecom Italia
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MARUTI SUZUKI
Developed a comprehensive
unified view of the customer
across different sources. Reduced
redundancies in the customer
database, leading to optimization
of marketing spend and enabling
opportunities to cross and upsell.
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SALES TAX
DEPARTMENT OF A
MAJOR STATE IN
INDIA
Identifying and plugging the
leakages in the system, resulting in
increased Tax revenue for the
department. Enabling a culture of
data-driven decision making and
resource optimisation across
various divisions
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• In an increasingly volatile world, hindsight is a poor tool to create insight
• Past trends tend to be poor predictors of future possibilities
• Today’s insights would be tomorrow’s hindsight
• Organizations with capability of learning from hindsight and ability to do
well in the future through foresight will thrive
THE POWER OF ANALYTICS – KEY TAKEAWAY
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Leader in Business Analytics
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“One cannot be in business today with
yesterday’s methods and practices and be in
business tomorrow”
THANK YOU