Unexpected use of analytics
While most common applications
of analytics have been in database marketing and CRM type of applications, and
most people associate the use of analytics in these areas – it is hard to find
any other area of human endeavor where analytics have not been used to either
describe or predict, whether it is research, science and techno-, logy, sports, politics, entertainment, or any other area where there is question, historical data
relevant to that question and some analytical skills and technology.
In the wake of India's 16th
national election it was clear that some parties have taken a page from Obama's
re-election campaign where they used – in a big way – technology, social media
and big data to connect with voters. Analytics have helped in micro-segmenting
electorate focusing on swing states, different gender and minority groupings
tailoring messages for segment-specific audiences. Not to mention the use of
analytics to rework advertising campaigns and most importantly – to raise
funds.
Another area of pervasive use
of analytics is in counter-terrorism, as well as for defense and military
agencies. A big lesson of the September 11 attacks was the importance of being
able to integrate disparate pieces of data, and data could be anything from
field reports to social media postings, from broadcast news, accounts to
e-commerce transactions, from bank records to records in classified government
databases. And once data is mapped and reduced, users can track high-value
individuals and organizations of interest, and establish connections between
people, organizations, events and places that would otherwise be difficult to
make.
It is well known that the US
Marine Corps is experimenting with big data analytics technologies, such as
Hadoop and graph databases, all for the purpose of quicker intelligence
gathering and dissemination that can be used for real-decision making by field
commanders. Also, according to US' Department of Veteran affairs, the number of
suicides among veterans and active-duty military personnel is 22 a day, which
is by all accounts an under-reported epidemic, and so analytical practitioners were
approached to see how analytics can help spot patterns of suicide and prevent
it before it occurs. Of course first step in bringing disparate and relevant
data together and then deriving a number of "stress load" factors and
modeling behavioral dynamics that could turn on the switch and push the
person to suicide. And if it can be modeled – it can be prevented, and while
suicide prevention may not be an "exact science" it is hard not to
see how analytics cannot be hugely beneficial in these areas.
In the area of entertainment,
applications of analytics are limitless. Aziz Asnari, an American comedian,
started inviting fans to participate with him in the development of new
material. All they would have to do is subscribe to his channel and give their
feedback on his new material. Of course, the catch was that by subscribing they
gave him information about themselves, so Asnari could see what comic topics
work well or poorly on which segment of his fans, and he could use that
feedback to adjust his material to the segment he was performing to. Largely,
the media and entertainment industry of today is well aware that consumers have
multiple ways of telling them what they think about their content, especially
across social media. So, they need, in essence, to capture these digital
voices, analyze them and tweak and adjust their content accordingly. Which
segments hate a certain program, which segment likes it and therefore where
you should increase your marketing spend, who streamed latest trailers, males
or woman? Who complained about moving it to a new time slot, etc.
In sport, the use of analytics is equally ever-increasing. From
analyzing the injury pattern of a certain football player before the transfer
window to work out what the risk is, after spending millions of dollars on him,
that he will be sidelined for months by yet another injury. Or analyzing
patterns of play of a competitor team or even an individual player to select
the right players and devise the appropriate tactics that will negate competitor's
strengths. It is the new science of winning – whether a coach uses the neural
networks in his brain or those of a computer algorithm.
But then, on the fun side – analytics have been used for more
than just to win customers, profits, audiences or games. They have been
increasingly used to save lives and property, whether is in predicting the most
likely path of the hurricane, the likely spread of the wild fire, floods or
even diseases. Analyzing patterns of injuries is reality in many children's hospitals
for the prevention of falls, traffic accident, assaults, burns etc. And by
knowing where these injuries happen more often, how and when, and who is the
most likely victim – it becomes actionable intelligence that can be used in
injury prevention programs and ultimately reduce suffering and save lives.
It is still early days and there is tremendous potential to do
more across the board, but with big data technologies coupled with abilities to
mine and analyze different types of data, text, pictures and videos, sensor
data will contribute to the new generation of analytical applications that will
hopefully make the world even slightly more predictable and a safer place.
Goran Dragosavac
This post shows us that analytics leads to the discovery of a concrete analysis of data and information. It allows to make effective decisions in any sphere of activity. Thank you for your excellent post!
ReplyDeleteLooking forward to reading more. Great article post. Thanks Again. Fantastic.
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