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project management analytics“Why should analytics professionals care about project management? After all, we are trained problem-solvers and when we “do stuff,” good things happen, right? On the contrary, projects are the primary vehicles through which we deliver value, and consistently delivering value with analytics requires effective project management.”

– Erick Wikum, treasurer of the Analytics Society of INFORMS who has planned, conducted, monitored and led analytics projects to improve decision-making as both an internal and external consultant for nearly 25 years, in his article, “Making analytics work through practical project management,” in the current issue of Analytics magazine.

Recent News

Syngenta transforms global logistics with digital operating model

Syngenta, a leading global agriculture company, has collaborated with Accenture to design and implement a new digital logistics operating model across all modes of transportation, including sea and air freight globally and road freight in North America and Europe. The model will enable Syngenta to more effectively manage increasingly complex logistics networks and operations with lower costs and higher service performance. Read more →

majors common among members of the analytics community

Metro areas with the best, worst markets for STEM workers

With STEM jobs expected to grow 1.7 times faster than non-STEM professions in the coming years, the personal-finance website WalletHub followed up on its “Best & Worst Cities to Find a Job” report with an in-depth analysis of 2017’s “Best & Worst Metro Areas for STEM Professionals.” Read more →

INFORMS announces 2017 Edelman Award finalists

INFORMS announced six finalists for the 46th 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 2017 Edelman Award will be presented at the INFORMS Conference on Business Analytics and Operations Research in Las Vegas on April 2-4. Read more →

E-commerce platforms should focus on sellers, not buyers

E-commerce platforms such as Uber and eBay, which link sellers and buyers, face the perennial dilemma of what is more lucrative, supporting the needs of the buyers or the sellers. The traditional belief has been that it is more important to focus on buyers, who create demand, than on sellers. A forthcoming study in the INFORMS journal Marketing Science, sheds new light on this dilemma with the discovery that sellers are in fact 3.5 times more impactful than buyers in driving growth of e-commerce platforms. Read more →

Analytics Society of INFORMS

Analytics Society reviews 2016 and shares plans for 2017

The Analytics Society of INFORMS enjoyed a successful year in 2016, when it not only received society status within INFORMS, but it also again grew in membership and expanded its scope of activities, all of which were reviewed at a lively reception and business meeting at the 2016 Annual Conference in Nashville, Tenn. Read more →

Industry News

AIMMS-based decision support tool addresses Europe’s refugee crisis

AIMMS, Nyenrode University and PwC announced the creation of a decision-support application for municipalities and other government offices that are responding to the ongoing refugee crisis in Europe. The application leverages PwC’s Business Simulator, a modeling solution built with AIMMS software, to analyze the impact of municipality decision scenarios on actual socio-economic policies. Read more →

Microsoft awards Accenture seven-year contract extension

Microsoft has awarded Accenture a seven-year contract extension to continue providing finance and accounting (F&A) and procurement business process services. Accenture will leverage artificial intelligence, automation and analytics capabilities to deliver better business insights and help Microsoft increase productivity and efficiency. Read more →

Frontline surpasses 200,000 cloud-based advanced analytics users

Frontline Systems, developer of the Solver in desktop Microsoft Excel 26 years ago, announced that it has surpassed 200,000 users of its cloud-based advanced analytics tools for optimization, simulation/risk analysis, forecasting, data mining and text mining – based on usage data from Microsoft, Google and its own SaaS platforms. Read more →

INFORMS Initiatives

Meeting of Analytics Program Directors

The inaugural Meeting of Analytics Program Directors (MAPD) will be held on April 1, 2017, at Caesars Palace in Las Vegas, the day before the start of the 2017 INFORMS Conference on Business Analytics and Operations Research in the same locale. Read more →

INFORMS unveils new logo

During the recent 2016 INFORMS Annual Meeting, Vice President of Marketing and Outreach Laura Albert McLay unveiled an exciting change for the organization – a new logo that will officially begin to be used with the launch of the new INFORMS website in the spring of 2017. Read more →

INFORMS Prize submissions due Dec. 1

The deadline to apply for 2017 INFORMS Prize is Dec. 1, 2016. The INFORMS Prize is awarded for effective integration of advanced analytics and operations research/management sciences (OR/MS) in an organization. Read more →

Jim Williams

Williams, Burciaga to lead 2017 Analytics Certification Board

Jim Williams, CAP, of FICO and Aaron Burciaga, CAP, of Accenture Digital have been elected chair and vice chair, respectively, of the 2017 Analytics Certification Board (ACB). The ACB, whose members are elected by INFORMS and CAP® designees, meets on a quarterly basis to provide oversight and guidance to the Certified Analytics Professional (CAP) and the Associate Certified Analytics Professional (aCAP) programs. Read more →

Recent Features

The historically secretive CIA is moving toward open information sharing with other agencies and the public. Photo Courtesy of 123rf.com | ruskpp

The CIA’s new transparency

The CIA wants the public to know much more about what it’s doing, and analytics plays a key role in the agency’s new approach. This development is not just a few pronouncements to build public support, but a major change in how the CIA and other intelligence agencies will function. Surprising as this may seem to long-time watchers of the intelligence community, the Central Intelligence Agency (CIA) is serious about changing its policies, practices and organizational structure, trying to move toward open information sharing with other agencies and the public. The intelligence community’s mission is expanding from keeping and collecting secrets to winning at information warfare. Disseminating the story the U.S. wants told is emerging as a key mission. Read more →

There’s often little or incomplete measurement of whether promotions actually work. Photo Courtesy of 123rf.com | igorvkv

Driving smarter decisions on pricing, promotion

The consumer goods industry thrived for years on its ability to please the average shopper. From toothpaste to soap powder, it knew how to give people what they wanted – and how to sweeten the purchase with the right price, a tempting discount or a great deal. But for the last decade the sector has struggled to grow – both in terms of revenues and margins. The world has changed, and consumer goods companies have – by and large – found it hard to adapt. Brand loyalty is harder to come by, as more people shop at discounters or go online for the best deals. Digital disruption has opened the market to new companies with different business models. Recent EY research found 45 percent of companies in the industry were struggling to keep pace with changing consumer needs and behaviors. Read more →

The core of Industry 4.0 is connected, intelligent products that communicate with users or other products. Photo Courtesy of 123rf.com | aimage

Industrie 4.0: Analytics everywhere

Through advances such as big data and the Internet of Things (IoT), the field of analytics has been growing by leaps and bounds. However, much of the focus, particularly in the United States, has been in the consumer (i.e., business-to-consumer, or B2C) market. Indeed, much of the innovation coming out of Silicon Valley, and from disruptive digital companies with new business models and no legacy infrastructure to contend with, remains in the context of personalization and the consumer experience. Read more →

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Headlines

Israeli Ministry of Health reverses blood donation policy

The Israeli Ministry of Health recently agreed to reverse a blood donation policy and will now allow some Ethiopian immigrants, homosexuals and elderly people to donate blood. According to the Jerusalem Post, the change is a result of “new local and foreign epidemiological data and the improvement in medical technologies and risk assessment.” Read more →

Johns Hopkins Hospital opens capacity command center

The Johns Hopkins Hospital has launched a state-of-the-art, advanced hospital control center. The Judy Reitz Capacity Command Center, designed and built with GE Healthcare Partners (GE), combines the latest in systems engineering, predictive analytics and innovative problem-solving to better manage patient safety, experience, volume and the movement of patients in and out of the hospital, enabling greater access to Johns Hopkins’ lifesaving services. Read more →

Security spending potentially a misleading indicator of success

Organizations spend an average of 5.6 percent of the overall IT budget on IT security and risk management, according to the most recent IT Key Metrics Data from Gartner, Inc. However, IT security spending ranges from approximately 1 percent to 13 percent of the IT budget and is potentially a misleading indicator of program success, analysts said. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

2017 INFORMS Business Analytics Conference
April 2-4, 2017, Las Vegas

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

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.