Data and Analytics - eBook (EN)

Data, Analytics, and ML Playbook

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A STRATEGIC PLAYBOOK FOR DATA, ANALYTICS, AND MACHINE LEARNING Becoming a data-driven organization is achievable through a mix of technology, people, and processes, bolstered by a broad view of data as a stra- tegic asset. While most organizations have data-driven transformation in their sights, the shift remains elusive for many: u 99% of organizations have invested in data and artificial intelligence (AI) initiatives u 65% have spent more than $50 million on these efforts But… u Just 38% say they are a data-driven organization u Only 27% say they've successfully built a data- driven culture (Source: 2020 NewVantage Partners Big Data and AI Executive Survey) The numbers show a clear gap between organizations' aspirations for using data strategically and the reality of what they've accomplished to date. Some have already taken steps to close the gap, using the cloud as a foundation for a modern data architecture: u Georgia-Pacific migrated 50 TB of structured and unstructured production data from a legacy database infrastructure to a cloud-based data lake in order to cost-effectively ingest, transform, store, and analyze that data. Layering analytics tools on the data has helped Georgia-Pacific optimize key manufacturing processes, including the ability to predict equipment failure 60 to 90 days in advance, which reduces unplanned downtime. u Zappos is using cloud-based analytics and machine learning to personalize product sizing and search results for retail shoppers while preserving a highly fluid and responsive user experience. The result: Zappos has reduced repeated searches and product returns, achieved higher search-to-product-click- through rates, and raised the position of customer selections in search results. u After The Pokémon Company International (TPCi) launched its Pokémon GO mobile game in 2016, the number of users requiring access to the system increased to more than 300 million in two years. To address the massive influx of Pokémon GO users, TPCi migrated from a third-party NoSQL document database to AWS (Amazon Web Services) fully man- aged database services, which allowed it to reduce the number of database nodes from 300 to 30 and decrease its monthly database costs by tens of thou- sands of dollars. These examples underscore the benefits of moving away from antiquated, monolithic applications that run on one-size-fits-all relational databases to highly distributed, microservice-based systems running on multiple purpose-built databases. It also means moving from on-premises and old-guard legacy data ware- houses to open and flexible data lakes and "lake house" architectures. "It's not a one-size-fits-all world anymore," says Shawn Bice, Vice President, Databases, with AWS. "How you approach data in the cloud is the foundation for future business growth. A native cloud application architecture allows businesses to innovate faster than ever before, at lower cost, and faster time to market because you're not limited to what one thing can do." Wanted: A modern, data-driven enterprise u t 3

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