Ch 3. A Cross-Section of Big Data Sources and the Value They Hold Taming The Big Data Tidal Wave 17 May 2012 SNU IDB Lab. Hye Chan, Bae Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 2 Telematics (1/2) Telematics Data Receives serious attention in the auto insurance industry – Putting a sensor, or black box to capture the current car information Helps insurance companies better understand customer risk levels Has the potential to both – Lower insurance rates (for most drivers) – Increase profits (for insurers) 3 Telematics (2/2) The Value of Telematics Data It's possible to answer the question like causes of traffic jams without very focused and expensive testing It may improve our lives by reducing the stress and frustration 4 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 5 Text (1/4) Text Data It is one of the biggest and most common sources of big data – – – – – – E-mails Text messages Social media postings Instant messages Real-time chats Etc. Natural language processing – Parsing text and assigning meaning to the words, phrases and components 6 Text (2/4) Text Data (cont.) The results of those processes can be analyzed – Sentiment mining – The comments about specific products from customers Interpreting text data is quite difficult – The words change meaning based on Emphasis (but there is no emphasis in text) Full context 7 Text (3/4) Using Text Data Sentiment analysis – Looks at the general direction of opinion – Understanding the trends can be immensely valuable in planning what to do next – For a product, positive or negative is valuable information If the customer hasn't yet purchased that product 8 Text (4/4) Using Text Data (cont.) Pattern recognition – Complains, repair notes, other comments – An organization will be more quickly able to identify and fix problems Before they become bigger issues Fraud detection – A major application for text data – Within health insurance It's possible to use text analysis to parse out the comments and justifications 9 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 10 Time and Location (1/3) Time and Location Data Time and location information is a growing source of data – GPS (Global Positioning Systems) – Cellular phones Tracking the routes – You can track the exact routes you travel When you exercise How long the routes are How long it takes you to complete the routes 11 Time and Location (2/3) The Value of Time and Location Data Local police and fire agencies – Provide information on where they typically travel with Real time information Accurate location Time- and location-sensitive offers – This is going to be huge in the future of marketing 12 Time and Location (3/3) The Value of Time and Location Data (cont.) Enhancing social network analysis – Time and location data allows identification of what people were at the same place at the same time Who attended a given concert or movie? Who was dining at a specific restaurant at the same time? – It is possible to identify people who may not know each other But who have a lot of common interests Imagine a dating service with this information! 13 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 14 RFID (1/4) RFID Data Radio Frequency Identification(RFID) tag – A small tag placed on objects – It contains a unique serial number (different from UPC code) RFID reader can read the tag – by sending out and receiving back a signal 15 RFID (2/4) Using RFID Data Identifying "restocking" situation on the shelf Storage room 16 RFID (3/4) Using RFID Data Identifying "restocking" situation on the shelf Storage room 17 RFID (4/4) Using RFID Data (cont.) Product tracking system 18 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 19 Smart-Grid (1/2) Smart-Grid Data The next generation of electrical power infrastructure – much more advanced and robust Has highly sophisticated – Monitoring – Communications – Generation systems Enable more consistent service and better recovery from outages 20 Smart-Grid (2/2) The Value of Smart-Grid Data The smart-grid data will benefit all – Consumers will have customized rate plans – Utilities will have much better forecasts of demand – Household or business will gain the power 21 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 22 Sensor (1/2) Sensor Data There are a lot of complex machines and engines – Aircraft, trains, military vehicles, etc. – Keeping running smoothly is critical given how much it costs – Embedded sensors have begun to be utilized in everything Monitoring – It's worth capturing as much detailed data as possible – It's quite expensive to replace a flawed component once an engine is released 23 Sensor (2/2) The Values of Sensor Data It's possible to pinpoint specific patterns – Patterns that lead to imminent failures Strategies for minimizing down time – Holding spare parts or engines – Creating diagnostics to quickly identify the parts that must be replaced – Investing in more reliable versions 24 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 25 Telemetry (1/2) Telemetry Data Telemetry is the term used in the video game industry – To describe the capture of in-game activities In a hockey game – Where a player was when a shot on goal was taken – What type of shot is was – What speed the shot had Telemetry data makes it possible for game producers to know intimate details about – How customers actually play and interact with the games 26 Telemetry (2/2) Using Telemetry Data In video games – Maintaining renewal rates is absolutely critical Many games make money through subscriptions – Customer satisfaction is a big issue For casual gamer: a game is easy For hardcore gamer: a game is too hard 27 Outline Telematics Text Time and Location RFID(Radio Frequency IDentification) Smart-Grid Sensor Telemetry Social Network 28 Social Network (1/3) Social Network Data Social network data qualifies as a big data source – Social network analysis looks into several degrees of association A phone company Company Person Person Person Person Company Person Person Person Person Traditional data Social network analysis 29 Social network data Social Network (2/3) The Value of Social Network Data A traditional wireless carrier Let him go The customer isn't worth the cost of saving Low-value customer A modern wireless carrier Do not let him go Heavy user who have wide networks of friends 30 Social Network (3/3) Using Social Network Data Identification of highly connected customers can pinpoint – He can influence brand image – Highly connected customers can be provided perks, advance trials, and other goodies Advertisement in social networking sites – social network analysis can yield insights into what advertisements might appeal to given users Based on knowing what their circle of friends has an interest in I like to ride a bike! Advertisement? Friend 31 Thank you