Supernova 2009 Taking Data Seriously Andreas Weigend info at weigend.com twitter.com/aweigend: facebook.com/aweigend Connecting Computers Connecting Pages Connecting People Underlying? Data The amount of data created by each person doubles every 1.5 … 2 years □ after five years x 10 □ after ten years x 100 □ after twenty years x 10000 1 billion connected flash players 40 billion RFID tags worldwide 99% DNA overlap Time Scales Technology: ~1 year Biology: ~100k years Trash? Treasure? How the Social Data Revolution Changes (Almost) Everything Social Data = Shared Data 10 billion ................ pieces of content shared per month Social Data = Shared Data 1 billion videos watched per ..... day Taking Data Seriously Introduction Data I C2B (Customer-to-Business) II C2C (Customer-to-Customer) III C2W (Customer-to-World) IV Insights Application Travel +1 800-4-SCHWAB Imagine... You knew all the things people here have bought You knew all of their friends You knew their secret desires ... what would you do? Decision making Discovery Recommendations Impact of recommendations? 5 – 25% increase in sales creating and refining product space awareness… Process of Shopping? … only occasionally punctuated by purchases How do you know peoples’ secret desires? Instrument for feedback Data Sources Attention Transactions Clicks Intention Search Situation Location Device New Data Source Connection data C2C = Customer-to-Customer Customers share with each other Business Customers Amazon.com Share the Love Amazing conversion rates since you chose: Content (the item) Context (you just bought that item) Connection (you ask Amazon to email your Conversation (information as friend) excuse to communicate) C2W = Customer-to-World Customers share with everybody Amazon.com: Public sharing of interests Consumers - Engage - Share - Connect 3 times per week Top Tags web2.0 weigend stanford amazon people datamining technology statistics internet blog data web social science andreas analytics 101 96 57 57 45 43 36 23 23 22 22 15 15 14 12 12 Customer Product Brand Corner / Oversized Rooms: Rooms Ending in: 04 Oversized, Corner Room, Quiet Room 24 Oversized, Corner Room with North Times Square Views (Higher Floors) Rooms to Avoid: Rooms Ending in: 01, 21 Possible Ice Machine / Elevator Noise 08, 17 Limited View Rooms @aweigend weigend.com http://weigend.com/blog
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