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Recent News

Study paints a different picture of ‘tortured artists’ and value of their work

The term “tortured artists” has been used to describe some of history’s greatest painters, from Vincent van Gogh and Henri de Tolousse-Lautrec to Pablo Picasso and Jackson Pollock. They are credited with creating some of the world’s most recognized works of art despite lives that were often characterized by great emotional unrest and personal unhappiness. But does misery really beget valuable works of art? According to a new study in the INFORMS journal Management Science, personal unhappiness, particularly that experienced in times of mourning or bereavement, can actually cause a significant decrease in the value of an artist’s work. Read more →

SAS, IVMF team up to help veterans transition to analytics careers

Employers from every industry are clamoring for people with analytics skills to help them turn data into meaningful information to make better decisions. Military veterans and family members can pursue the hottest careers today, thanks to a collaboration between the Institute for Veterans and Military Families (IVMF) and analytics provider SAS. Read more →

Lehigh Univ., Pennsylvania Department of Corrections win Wagner Prize

Nearly 100 unique factors have to be considered during the complicated task of assigning inmates to any of the Pennsylvania Department of Corrections’ 25 facilities. What once took seven employees nearly a week to accomplish can now be completed in less than 10 minutes at an expected savings of nearly $3 million, thanks to an algorithm created by a team of Lehigh University students and professors and the Pennsylvania Department of Corrections. Read more →

Analytics Society of INFORMS

Jack Levis

Society turns its attention to awards and regional meetings

With the 2017 INFORMS Annual Meeting behind us, the Analytics Society is turning its sights to its awards and regional meetings. The Society’s Prize Committee has been very busy analyzing entries for the Innovative Applications in Analytics Award. The committee received 29 high-quality entries and is doing due diligence in analyzing each one. The Society is looking forward to presentations by six finalists at the INFORMS Conference on Business Analytics & O.R. in Baltimore in April 2018. The judges will have a tough decision picking a winner. Read more →

Industry News

INFORMS Initiatives

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Certified Analytics Professional program earns ANSI accreditation

The Certified Analytics Professional (CAP®) program, the only global professional certification for analytics practitioners, has been accredited by the American National Standards Institute (ANSI), the American member of the International Organization for Standardization (ISO), furthering CAP’s distinction to what CIO Magazine earlier this year called one of the top “big data certifications that will pay off.” Read more →

Recent Features

Modern machine-learning-powered anomaly detection systems can finally meet the needs that traditional BI dashboards never will. Photo Courtesy of 123rf.com | © Roland IJdema

Eyes on the road, not dashboards

Car dashboards are simple visual indicators of a complex machine with many parts that performs a high-stakes task in a context of many overlapping, conflicting rules and goals: personal convenience, safety, minimum travel time, courtesy to other drivers and so on. The speedometer, perhaps one of the most important indicators, serves one key purpose: to show how fast you’re going, mainly so you avoid getting a ticket. Often the biggest indicator on the display, its job is not to teach the physics of motion or of many-body collisions (although if you stare only at the speedometer, you will certainly gain firsthand experience in the latter), but to give you just enough information to remain compliant with one of the main rules of the road. Read more →

Sales data take on new meaning and reveal new understanding when examined on some type of relative basis. Photo Courtesy of 123rf.com | © christianchan

Basic sales analysis

Most companies have massive databases of historical sales data, but few firms invest the money and staff time to mine the intelligence hidden in those databases. It seems that everyone has sales data, but almost no one does a good job of analyzing that data. The purpose of this article is to present some basic ideas on sales analysis that might serve as a starting point for any novice who might be assigned the task of analyzing a firm’s sales data. The discussion is written from the perspective of sales data at a manufacturing company, but the concepts apply equally to retailers and service companies. Read more →

The first thing to know about sampling methods is that there are two main types: “probability” and “non-probability” methods. Photo Courtesy of 123rf.com | © iamnee

Survey sampling

Every 10 years, Americans receive a familiar questionnaire in the mail known as the population census. This massive undertaking is an attempt to survey every citizen and is typically used to understand the changing demographics of the country. While a census like this might be the most accurate method of research, administering a survey to every member of the population is almost always beyond the scope of a standard marketing research study. 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

Survey: Despite the hype, AI adoption still in early stages

The hype surrounding artificial intelligence (AI) is intense, but for most European businesses surveyed in a recent study by SAS, adoption of AI is still in the early or even planning stages. The good news is, the vast majority of organizations have begun to talk about AI, and a few have even begun to implement suitable projects. There is much optimism about the potential of AI, although fewer were confident that their organization was ready to exploit that potential. Read more →

Data professionals spend almost as much time prepping data as analyzing it

Nearly 40 percent of data professionals spend more than 20 hours per week accessing, blending and preparing data rather than performing actual analysis, according to a survey conducted by TMMData and the Digital Analytics Association. More than 800 DAA community members participated in the survey held earlier this year. The survey revealed that data access, quality and integration present persistent, interrelated roadblocks to efficient and confident analysis across industries. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2017 Winter Simulation Conference (WSC 2017)
Dec. 3-6, 2017, Las Vegas

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.