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Analytics Magazine

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Recent News

What you like in a CEO candidate may not deliver results

What you like in a CEO candidate may not deliver results

Attributes that often get someone hired as CEO may not be the ones that drive success once they are at the helm of the company. That’s one of many provocative insights in a study by consulting firm ghSMART. The study, recently featured in Harvard Business Review, identifies characteristics that differentiate the most effective leaders. Read more →

Paying for online reviews backfires among socially influential

Paying for online reviews backfires among socially influential

Online user reviews have become an essential tool for consumers who increasingly rely on them to evaluate products and services before purchase. The business models of online review platforms such as Yelp and TripAdvisor and e-commerce sites such as Amazon and Expedia critically depend on them. Should such sites pay users to encourage them to write reviews? Read more →

Urgent action needed to tame ‘Wild West’ of IoT

Report: Urgent action needed to tame ‘Wild West’ of IoT

A recent report by Scrutinise Research and Analysis finds that immediate action is required to avert potentially disastrous security breaches of connected devices by cyber terrorists and criminals in the current “Wild West” of the Internet of Things (IoT). The report, “Securing the Internet of Things,” recommends a four-pronged approach to prevent security breaches of IoT devices that could have wide reaching consequences. Read more →

Analytics Society of INFORMS

Appreciating our volunteers

I want to express my gratitude to all our volunteers! Without the many members who share their time and talents, we wouldn’t be able to provide valuable services to our community. These volunteers serve as judges on prize committees, run our website and LinkedIn group, mentor new members and organize meetings to name a few examples. Volunteers are the reason that our subdivision grew from a small section into one of the largest societies of INFORMS in only a few years. Read more →

2018 IAAA competition accepting entries

Entries are now being accepted for the 2018 Innovative Applications of Analytics Award (IAAA) competition, sponsored by Caterpillar and the Analytics Society of INFORMS. The IAAA provides a forum for enterprising teams and organizations to receive recognition for applications that combine different types of analytics – descriptive, predictive and prescriptive – in creative and unique ways to achieve real-world impact. Read more →

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 →

Industry News

FICO survey: APAC banks to stop doing business with suppliers who fail cybersecurity audits

Banks across the Asia Pacific region will stop doing business with suppliers that fail cybersecurity audits, according to a recent poll by FICO. Three in four senior fraud managers surveyed said that they would be concerned enough to stop working with a partner, while another 16 percent said they weren’t sure if they would continue working with them. Only 8 percent of fraud managers said they would definitely continue doing business. Read more →

Optimization Direct creates new algorithm for massive MIP models

With bigger and more global data sets, customers are presenting increasingly large and complex models to optimize. With these massive models, established optimization technology generally fails in that it can either find no solution at all or solutions that take too long to find or are too poor to have any value. ODHeuristics, a new algorithm created by Optimization Direct, is designed to run on modern multiprocessor machines. Read more →

INFORMS Initiatives

INFORMS Video Library showcases 2017 award finalists

Participants in the 2017 INFORMS Business Analytics Conference in Las Vegas last month had the opportunity to experience real-world case studies of a full spectrum of analytics in action, including the finalists for many of the INFORMS-sponsored awards. For those who missed the award presentations, videos of this year’s award finalists are now available at the INFORMS Video Library. Read more →

Patrick Noonan

Workshop aims to improve your essential soft skills

In Inc. Magazine, Lou Adler wrote that, “People don’t underperform because they lack technical skills. People underperform because they lack soft skills.” Corporations and institutes of higher education tend to focus on teaching, assessing and maintaining technical skills, which are vital. Are “soft skills” any less important? The Essential Practice Skills for High-Impact Analytics Projects workshop, part of the INFORMS Continuing Education program, is specifically designed to improve “soft skills” for analytics practitioners. Read more →

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 →

Recent Features

SaaS Leveraging the interconnectedness of business problems to accelerate better decision-making

Service as a Software: A new paradigm

In the short span of a few decades, the world of data-driven decisions has gone through a significant transformation at a bewildering speed. The cause can be linked to the hastening change in the business environment, as well as the rise and proliferation of connected devices, which continue to yield enormous amounts of data. Software has been a boon to enabling and scaling analytics for decision support in large organizations. But, the two main paradigms of software development – packaged software that enables scale for repeatable, well-defined problems and the traditional services model where we develop custom solutions to solve specific business problems – have limitations; that is, a lack of flexibility in the first instance and the inability to scale in the second. Read more →

csp to dsp

Mobile Ecosystem Transformation: From CSP to DSP

The ubiquitous availability of high-speed Internet and increasing smartphone ownership are at the forefront of the new era of digital transformation. The entire mobile ecosystem is experiencing significant growth. However, despite the growth in the overall mobile ecosystem, communications service providers (CSPs) across the world are facing saturated markets, experiencing slow subscriber growth and stagnated revenue as their core services are being increasingly commoditized by new Internet giants and over-the-top (OTT) content players. Read more →

failure in B2B eCommerce initiatives, including ways to avoid re-platforming, massive customization

Lessons learned from a decade of B2B eCommerce

For mid-size manufacturers and distributors, and many other B2B (business-to-business) organizations for that matter, eCommerce has become a major challenge for the operation. Despite the early promise of added sales and increased efficiencies, these companies are often experiencing what can only be described as a failure to meet the initial goals and objectives of the eCommerce system itself. 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

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 →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

CONFERENCES

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.