how to build a data driven business in big data age

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Data-driven Life Or how to build YOUR data-driven business in the dawn of Dataclysm ? http://BigDataVietnam.org http://RFXLab.com

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Page 1: How to build a data driven business in big data age

Data-driven Life

Or how to build YOUR data-driven business in the dawn of Dataclysm ?

http://BigDataVietnam.org http://RFXLab.com

Page 2: How to build a data driven business in big data age

Key ideas in this slide:● Knowledge about the theory of “Human Data World”● Examples about Data Product in real life● How to build a Data Product

Page 3: How to build a data driven business in big data age

Question 1:

What is theory of “Human Data World” ?

Page 4: How to build a data driven business in big data age

3 core ideas of the theory of “Human Data World”1. Soft data of life ( the emotional needs )

E.g: Love experience, Job experience, Friendship ,...

2. Hard data of life ( the fundamental human needs )

E.g: Food, Security, Money, Job, Education, ...

3. Spiritual data of life ( the inner Self needs )a. Belief: What b. Mind: How you see the World from your brain c. Life: The experience between you and your reality

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How Steve Jobs think about data ?

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How Have Cell Phones Changed Over Time ?

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Life of today

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Human Needs → Data → Digital Service1. Physiological needs:

food2. Safety needs:

Financial security3. Love and belonging:

Friendship4. Esteem: engage in a

profession or hobby to gain recognition

5. Self-actualization: becomes a better one

1. Food + reviews

2. Financial data

3. User Profile Data

4. Education data

5. Networking data

1. Foody, Google,..

2. Mobile banking

3. Facebook, Tinder

4. LinkedIn, Coursera

5. Facebook, LinkedIn

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1. Needs: Physiological needs + Safety needs + Esteem2. Input: Food , User reviews (Experience)3. Output: Web, App and API

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1. Needs: Love and belonging or just Friendship2. Input: Facebook Profile Data, GeoLocation, Browsing data3. Output: Tinder

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1. Needs: Security (Job), Self-actualization, Networking2. Input: your career data, networking data, job, contact, ..3. Output: Services of LinkedIn

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1. Needs: Personalized Shopping Experience2. Input: product data, shopping history, your interests,..3. Output: Amazon (Recommended Engine)

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Question 1:

What is theory of “Human Data World” ?

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What is theory of “Human Data World” ?

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Question: Why is spiritual data the most important ?

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Because data is experience

And experience is data in our brain

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How to build a Data Product 1. Identify your customer needs2. Begin a list of basic questions ? E.g: What is output of my service 3. Start design thinking about your product: input, output, function

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Human Data World

Data-driven product

Data-driven business

YOU

Big Data here

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How to build a Data Product

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Demo a simple Data Product● Need: We need a good health ● Input: Our daily activity data → step tracking● Output: sample step tracker app with real-time report and virtual assistant

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Key ideas for simple health analytics app1. Step statistics data2. Tracking user activity data3. Provide information about good habits: favorite

exercise programs

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Great book for references! (worth reading)

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Summary for you

● Know the theory of “Human Data World”● See some examples about data product in real life● Steps to build a data product

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More information● http://www.rfxlab.com● http://www.bigdatavietnam.org● https://www.oreilly.com/ideas/drivetrain-approach-data-products

● http://www.becomingminimalist.com/escaping-excessive-consumerism/● http://edition.cnn.com/interactive/2013/06/world/sharing-economy/index.html● https://techcrunch.com/2016/09/06/buddha-was-a-data-scientist/● http://www.nytimes.com/2010/05/02/magazine/02self-measurement-t.html● http://www.independent.co.uk/environment/green-living/the-end-of-consumerism-

our-way-of-life-is-not-viable-1863278.html● http://www.jkrishnamurti.org/krishnamurti-teachings/print.php?tid=344&chid=4664