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Recent News

Holiday Retirement earns Edelman Award

Holiday Retirement won the 2017 Franz Edelman Award for Achievement in Operations Research and the Management Sciences from INFORMS for its use of operations research (O.R.) to improve the pricing model for its more than 300 senior living communities across the United States. Read more →

U.S. Air Force and Disney receive the 2017 INFORMS Prize

The U.S. Air Force and The Walt Disney Company both received the 2017 INFORMS Prize for their pioneering and enduring integration of operations research (O.R.) and analytics programs into their organizations. The prizes were presented at the INFORMS Conference on Business Analytics & Operations Research in April in Las Vegas. Read more →

Air Force Academy’s O.R. program saluted

The U.S. Air Force Academy won the 2017 UPS George D. Smith Prize for its operations research (O.R.) program, which prepares graduates to become frontline O.R. practitioners as analysts in the Air Force. The program exposes more than 50 percent of cadets to at least one O.R. course and provides cadets the opportunity to graduate with a Bachelor of Science degree in O.R. Read more →

Student Team Competition targets food production

With the backdrop of a fast-growing global population and looming challenges to produce enough food to feed the world, a group of students from the University of Warwick, Nottingham University and Cardiff University in the United Kingdom developed a new method to produce better-performing soybean strains that could lead to a worldwide increase in food production. Their solution was developed as part of the first annual O.R. and Analytics Student Team Competition. The new competition, organized by INFORMS and sponsored this year by Syngenta, challenges students to apply their considerable talent to develop solutions to some of the biggest challenges facing our world today. Read more →

Study: Sharing social responsibility produces surprising results

Firms sharing social responsibility for the social good with customers is generally seen as a win-win – more patronage from socially responsible customers and larger benefits to society. A forthcoming study in the INFORMS journal of Marketing Science, a leading academic marketing journal, however, questions the premise. The study finds that when a firm shares social responsibility with customers by asking them to “pay what you want,” promising a certain percentage of revenues to be donated to charity, consumers respond to whether firms give, but very little to how much they give. Read more →

Analytics Society of INFORMS

Recognizing analytics excellence

At the recent INFORMS Conference on Business Analytics & Operations Research, the Analytics Society hosted a recognition breakfast for the winners and participants in competitions that the Society sponsors. The awards included the Innovative Applications in Analytics Award (IAAA), the Student Analytical Scholar Award and the Syngenta Crop Challenge. As these awards have grown in reputation and reach, we use this annual event to recognize and celebrate analytics excellence. Read more →

Turner Broadcasting System wins 2017 IAAA

The Innovative Applications in Analytics Award (IAAA), sponsored by Caterpillar and the INFORMS Analytics Society, recognizes creative and unique applications of analytical techniques. As stated on the award website, the prize “promotes the awareness and value of the creative combination of analytics techniques in unusual applications to provide insights and business value.” To win the award, implementations must integrate theoretical advances and innovative applications in order to create value. Read more →

Syngenta Crop Challenge applies analytics to solve global hunger

The 2017 Syngenta Crop Challenge in Analytics asked participants to use data analytics to predict which soybean seed variety – or assortment of varieties – is most likely to be chosen by farmers within a specific growing region. Since seed variety selection is one of the most important decisions farmers make each season and no two seasons are alike, data-driven models are increasingly being deployed in making seed decisions. By helping farmers increase the potential of their crop production, competitors are contributing to a solution for the growing issue of global hunger. Read more →

Industry News

DoD uses AIMMS-based models to boost cybersecurity efforts

AIMMS, a vendor of prescriptive analytics software, recently announced that the U.S. Department of Defense (DoD) has chosen AIMMS’ innovative modeling environment to perform sophisticated cybersecurity analyses. The DoD’s Cyber and Business Systems Division (C3CB) will leverage AIMMS to solve large-scale optimization problems. Read more →

FICO named a leader in predictive analytics, machine learning solutions

Silicon Valley analytics software firm FICO was named a leader in the March 2017 report, The Forrester Wave: Predictive Analytics and Machine Learning Solutions, Q1 2017. The report explains, “FICO’s Decision Management Suite encompasses the end-to-end capabilities needed to create, deploy and monitor models for use in complex, consequential enterprise decisions.” Read more →

INFORMS Initiatives

Ready for Rotterdam: 2017 INFORMS Healthcare Conference

All over the world, healthcare organizations are being challenged by obstacles related to the aging of the population and other global trends. It is vital that the complex and growing demands in healthcare delivery are tackled swiftly and optimally. With the abundance of data available, operations researchers across the globe can pool resources and share solutions to come up with innovative ideas to remedy shortcomings within current healthcare systems. The 2017 INFORMS Healthcare Conference, being held July 26-28 in Rotterdam, Netherlands, is the ideal forum for O.R. professionals to come together to optimize health service operations and outcomes. Read more →

ISMS Marketing Science Conference

The 39th Annual ISMS Marketing Science Conference will be held June 7-10 at the University of Southern California in Los Angeles. The ISMS Marketing Science Conference is an annual event that brings together leading marketing scholars, practitioners and policymakers with a shared interest in rigorous scientific research on marketing problems. Read more →

INFORMS Student Team Competition finalists named

Eight student teams from around the world have been selected as finalists in the inaugural INFORMS O.R. and Analytics Student Team Competition. INFORMS, the leading international association for professionals in operations research and analytics, introduced this new competition to highlight young talent and provide O.R. and analytics students the opportunity to solve the kinds of real-world workplace challenges they will face during their careers. Read more →

Directors of academic analytics programs to meet in Las Vegas

What are your biggest challenges as the director of an university analytics program? Chances are you’re not alone, and many of your fellow program directors share the same challenges and more. Analytics program directors from across the country will gather in Las Vegas on April 1 for the inaugural Meeting of Analytics Program Directors (MAPD) sponsored by INFORMS. Read more →

Applications for 2017 Daniel H. Wagner Prize now open

Applications for the 2017 Daniel H. Wagner Prize for Excellence in Operations Research Practice are now open. A two-page abstract in English that provides evidence of mathematical development, solution, unique new algorithm or series of coherent advances developed in conjunction with an application is due by May 1. Read more →

Recent Features

ABM and related technology: “You’re going after fewer fish, but they’re the ones you want.” Photo Courtesy of 123rf.com | kritchanut

ABM and predictive lead scoring – a primer for success

Account-based marketing (ABM) – and the related technology of predictive lead scoring – is dramatically changing the face of sales and marketing. The difference is like spearfishing when all you’ve known before is dragging a net. It’s much more precise and uses analytical processes to ensure that your efforts are focused on the results your organization needs and your leads are more efficiently converted to sales. For enterprise sales, ABM is critical because B2B sales are much more tightly focused than B2C sales. Read more →

The goal in any statistical investigation is to bring forth some insight from the data. Photo Courtesy of 123rf.com | Thananit Suntiviriyanon

Statistical Analysis Software Survey: The joys and perils of statistics

We were repeatedly reminded several times last year that variability can confound statistical predictions and unlikely events do occur. Upsets in sports and politics are always news, since having the underdog beat the “sure thing” is surprising and noteworthy. What is exciting in sports is unexpected in politics, since we expect our predictions to do better when the business is serious. Read more →

Cathy O’Neil’s best-selling book explores sociological downside of data science.

Disarming ‘Weapons of Math Destruction’

Cathy O’Neil, an industry insider and experienced expert, thoroughly covers the sociological downside of data science in her New York Times bestseller and first-of-its kind book, “Weapons of Math Destruction.” In the world of big data, there’s a lot of music to be faced. With all its upside, data science’s deployment risks being prejudicial, predatory, exploitative, buggy, blindly trusted and secretive. And it has the potential to magnify the consumer’s personal economic struggle rather than remedy it. Read more →

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Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.

Headlines

2017 Tech Trends: the kinetic enterprise

From dark analytics to mixed reality, machine intelligence and blockchain, Deloitte’s annual Technology Trends report analyzes the trends that could disrupt businesses in the next 18-24 months. CIOs who can harness the possibilities of these technologies will be better positioned to shape the future of their business. Read more →

FICO: Financial crime trends for 2017

If the world seemed dangerous from a financial crime perspective last year, FICO experts predict an even more challenging 2017. In a new paper, four of the leaders in the company’s fraud and financial crime group laid out 17 predictions, ranging from killer devices in the home to hacked fingerprints. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

2017 INFORMS Healthcare Conference
July 26-28, 2017, Rotterdam, the Netherlands

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