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Recent News

Six finalists named for Edelman Award

INFORMS selected a diverse group of six finalists for the 47th annual Franz Edelman Award for Achievements in Operations Research and Management Science, the world’s most prestigious award for achievement in the practice of analytics and O.R. The 2018 finalists, who will present their work before a panel of judges at the INFORMS Conference on Analytics & Operations Research in Baltimore on April 15-17, included innovative applications in broadcasting, healthcare, communication, inventory management, vehicle fleet management and alternative energy. Read more →

Are Super Bowl ads worth it? New research suggests benefits persist

On Feb. 4, more than 40 percent of U.S. households will watch the 2018 Super Bowl game on TV. Advertisers will pay up to $4 million for a 30-second spot during the telecast. Is the high cost of advertising worth it? A new study finds that the benefits from Super Bowl ads persist well into the year with increased sales during other sporting events. Further, the research finds that the gains in sales are much more substantial when the advertiser is the sole advertiser from its market category or niche in a particular event. Read more →

Artificial intelligence a game changer for personal devices

Emotion artificial intelligence (AI) systems are becoming so sophisticated that Gartner, Inc. predicts that by 2022, personal devices will know more about an individual’s emotional state than his or her own family. AI is generating multiple disruptive forces that are reshaping the way we interact with personal technologies. Read more →

FICO predicts AI and blockchain will meet in 2018

Scott Zoldi, chief analytics officer at FICO, in his AI predictions for 2018, predicts the rise of “defensive AI” and manipulative chatbots. Blockchain will use AI to search through relationship data, Zoldi says, and defensive AI will be used to protect systems from malicious AI and machine learning. Adds Zoldi: Chatbots will get so good at understanding us they will learn how to manipulate us. Read more →

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 →

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

INFORMS announces 2018 UPS Prize finalists

INFORMS has selected two finalists for the 2018 UPS George D. Smith Prize, which recognizes excellence in preparing students to become practitioners of operations research and analytics. The 2018 finalists are the School of Operations Research and Information Engineering, MEng Programs, Cornell University; and the Haslam College of Business MSBA, University of Tennessee. Read more →

Recent Features

AI anxiety

Forum: Anxiety over artificial intelligence

Operations research (O.R.) has had it easy. From its earliest days, the discipline harnessed the incredible power of mathematical algorithms to drive efficiency without drawing undue public attention. Militaries have relied on O.R. ever since World War I to better move around supplies or to ensure strike missions reach their target. In business, just the Franz Edelman Award finalist projects alone have brought home the tidy sum of $250 billion in cost savings. Read more →

Effectively integrating disparate data from different systems and devices requires a complete understanding of the organization’s “data map.”

The rise of self-service analytics

With the rise of big data – and the processes and tools related to utilizing and managing large data sets – organizations are recognizing the value of data as a critical business asset to identify trends, patterns and preferences to drive improved customer experiences and competitive advantage. The problem is, users too often can’t find the data they need to perform desired analytics. Data tends to be buried in different systems or siloed in departments across the organization. Read more →

Corporate Profile: Advanced analytics at Kroger

Back in 1883 when Barney Kroger invested his life savings of $372 to start his first store, the second purchase he made was a horse and carriage so he could deliver goods to his customers. One could make the argument that Barney knew the importance of delivery before Domino’s, Amazon or Blue Apron ever existed. Innovation has long been a tradition at Kroger. In the early part of the 20th century, Kroger was the first grocery store to include a bakery so customers didn’t have to travel to two stores, the first to introduce self-shopping and the first to surround its stores with parking lots. As technology evolved, it became the first company to test electronic scanners in the 1970s and one of the first to formalize consumer research. In the 1990s, it was one of the first stores to test self-checkouts, and by the start of the 21st century, it had spawned an industry-leading loyalty program. 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

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 →

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.