Advanced Fraud Detection & Prevention Through Big Data

Transcription

1 Advanced Fraud Detection & Prevention Through Big Data Mark Johnson Director, Engineered Systems, Oracle Public Sector 1 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

2 The following is intended to outline our general product direc4on. It is intended for informa4on purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or func4onality, and should not be relied upon in making purchasing decisions. The development, release, and 4ming of any features or func4onality described for Oracle s products remains at the sole discre4on of Oracle. 2 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

3 3 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

4 Big Data and Advanced Analytics WHAT What is Big Data? WHY Why embark on a Big Data / Advanced Analytics initiative? HOW What are the tools available? 4 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

5 What Makes it Big Data? SOCIAL BLOG SMART METER VOLUME VELOCITY VARIETY VALUE 5 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

6 Big Data - Volume Global digital data is growing by 40-60% YoY! 2009 =.8 Zetabytes =.08 ZB Structured Data =.72 ZB Unstructured Data LEGEND Structured Data Unstructured Data 2020 = 35 Zetabytes = 3.5 ZB Structured Data = 31.5 ZB Unstructured Data* (1 Zetabyte = 1 Trillion Gigabytes) Chart conservatively assumes a constant 9:1 ratio of unstructured data vs. structured data (based upon IDC s estimate that 90% of all digital data is unstructured). Chart does not reflect IDC s projection that unstructured data is currently growing twice as fast as structured data at the rate of 63.7% vs. 32.3% CAGR. Source: IDC Digital Universe Study, A Digital Universe Decade Are Your Ready?, Copyright 2011, Oracle and/or its affiliates. All rights reserved.

7 Big Data - Velocity A single jet engine can produce up to 20TB of data per hour 7 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

8 Big Data - Variety Semantic Graphs Big Data: Decisions based on all your data Geospatial Social Data Documents Video Imagery Machine-Generated/ Sensor Data 8 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

9 Big Data Value Density Finding the knowledge in all your data Hadoop 9 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

10 Big Data and Advanced Analytics WHAT What is Big Data? WHY Why embark on a Big Data / Advanced Analytics initiative? HOW What are the tools available? 10 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

11 Big Data Buzz Why big data is a big deal InfoWorld 9/1/11 Keeping Afloat in a Sea of 'Big Data ITBusinessEdge 9/6/11 The challenge and opportunity of big data McKinsey Quarterly 5/11 Getting a Handle on Big Data with Hadoop Businessweek-9/7/11 Ten reasons why Big Data will change the travel industry Tnooz -8/15/11 The promise of Big Data Intelligent Utility-8/28/11 11 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

12 Why Is Big Data Important? US HEALTH CARE MANUFACTURING GLOBAL PERSONAL LOCATION DATA EUROPE PUBLIC SECTOR ADMIN US RETAIL Increase industry value per year by $300 B Decrease dev., assembly costs by 50% Increase service provider revenue by $100 B Increase industry value per year by 250 B Increase net margin by 60+% Source: * McKinsey Global Institute: Big Data The next frontier for innovation, competition and productivity (May 2011) 12 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

13 Big Data in Public Sector Fraud Preven+on Revenue Management Cons+tuent Sen+ment Threat Iden+fica+on Economic Analysis Healthcare Regulatory Compliance, Licensing & Law Enforcement Open Government Maintenance & U+li+es 13 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

14 Tax Gap Impacts Budgets, Operations, and Current and Future Citizen Services Gross Tax Gap States Are Impacted by the Non Compliant Tax Payers $450M 6% 10% 84% Underreporting Underpayment Non-filing $11 $7 $108 $757 ~$757B in revenues ~$136B lost Source: IRS 2006 Tax Gap, Dec 2011 Source: 2011 US Census Annual Survey of State Tax Collections Cyclically lower tax receipts and declining federal aid have contributed to revenue shortfalls. This has trickled down to the taxpayer and impacted compliance across a myriad of tax revenue streams. Improved compliance and analysis is required to reduce tax gap Sources: (1) US Census Bureau: State Government Finances Summary: 2010, Governments Division Brief, Dec Copyright 2011, Oracle and/or its affiliates. All rights reserved.

15 Uses of Big Data in a Tax Environment Accessing external databases and unstructured data Seller Data Corporate Affiliations Geographic information Audit leads for non-filers selling on e-tailer sites Sales tax nexus payments 15 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

16 Uses of Big Data in a Tax Environment Accessing external databases and unstructured data Goods Social media Transportation Purchasing information to identify taxpayers required to pay use tax Professional Services Info for taxpayers required to pay privilege licenses and fees 16 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

17 Big Data and Analytics Powerful, intuitive dashboards for every level of the organization Business Users can quickly see the information they need and drill down to statistics Analysts have easy access to powerful visualization tools Mobile Applications for secure access to key data any time 17 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

18 Policy Implications of Big Data in Government What information can/should the government collect & aggregate? How is that information (and the resultant data) protected? How are errors identified & corrected? How is data collected by private companies accessed? Which government agencies can use the data? Etc 18 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

19 Big Data and Advanced Analytics WHAT What is Big Data? WHY Why embark on a Big Data / Advanced Analytics Initiative? HOW What are the tools available? 19 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

20 Big Data in Action DECIDE ANALYZE ACQUIRE ORGANIZE Make BeKer Decisions Using Big Data 20 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

21 Oracle Complete Big Data Platform Big Data Appliance Oracle Exadata Oracle Exalytics InfiniBand InfiniBand Acquire Organize & Discover Analyze Decide 21 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

22 Oracle Complete Big Data Platform Big Data Appliance Hadoop Open Source R Oracle NoSQL Database Linux Big Data Connectors InfiniBand Oracle Data Integrator Oracle Exadata Oracle Advanced Analytics Data Warehouse Oracle Database In- Database Analy+cs InfiniBand Oracle Exalytics Analy+c Applica+ons Alerts, Dashboards, MD- Analysis, Reports, Query Web Services BI Abstrac+on Acquire Organize & Discover Analyze Decide 22 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

23 Oracle Big Data Appliance Optimized and Complete All you need to store and integrate big data Integrated with Oracle Exadata Analyze all your data Easy to Deploy Risk Free, Quick Installation and Setup Single Vendor Support Full Oracle support for all hardware and software 23 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

24 Big Data as a Service Comprehensive Pre-packaged algorithms Optimized for extreme analytics 24 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

25 25 Copyright 2011, Oracle and/or its affiliates. All rights reserved. Q&A

26 Reference Information Big Data: Oracle Tax: Engineered Systems: For more information, visit oracle.com or call ORACLE1 to speak to an Oracle representative 26 Copyright 2011, Oracle and/or its affiliates. All rights reserved.

27 27 Copyright 2011, Oracle and/or its affiliates. All rights reserved.