OC CIO Minutes March 14, 2013

Southern California/Orange County CIO Breakfast Round Table

March 14, 2012 meeting

 

Present:        Charles Wilson, Sean Brown, Jeff Hecht, Jeff Reid, Keith Golden, Jim Sutter, Joel Manfredo, Jon Grunzweig, Jeff Crowell, Dave Phillips

The following is a list of topics and speakers through May:

3/14/13         Big Data – an update      
                     Charles Wilson

4/11/13         Social Media        
                     SeanBrown/Scott Korgan

5/9/13           Open

6/13/13         Preparing for Cloud Computing   
                     John Mooney

John Mooney has a conflict for the May date and asked to be rescheduled.

Topic:          Big Data – and update

Charles Wilson gave us an update on Big Data, which was based in part on his presentation in Oct 2011 on Business Analytics.  Sean took pictures of Charles’ white board summaries and these are attached.  Charles stated that more than 50% of analytics projects fail, either because of expectations being too high, or that the results are not good.  What do you need for success?  Charles feels that a positive ROI is good and it has to be adopted by the company.  What do we need for adoption? He proposed 3 qualities that have to be present:

It has to be easy to use – this often means visualization (specialized and interactive) is good. 

It has to have business value.  The logic has to rely on solid processes using tools like ERP, and to be calculation intensive to provide financial consolidation.

It has to fast, which means using more main memory rather than disk, in order to be dynamic, which implies a balance between cost and size of the data base.

Charles proposed 7 core dimensions of a successful project – see ..attachment …082042.jpg.  These are customer, product, time, entity/geography, measure, source and scenario.

This is a complex topic and we had an active discussion of the options and alternatives.