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Analytics Magazine

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Current Issue

November/December 2018
Digital Edition | Web Edition

 

QUOTABLE

David Farmer“We are still in a market where data specialists are overwhelmingly male. Females currently make up only 32 percent of data teams, and there is an average gender pay gap of 18 percent. Given that 15 percent of the teams surveyed had no female members, it’s clear that the data marketplace faces the same pitfalls as many STEM disciplines, and we all need to consider how to address this.”

— Dave Farmer, COO and a founding partner of the Harnham, a data and analytics recruitment company, in his Executive Edge column in the November/December 2018 issue of Analytics magazine.

Recent News

Vast majority organizations have low BI, analytics maturity

Vast majority organizations have low BI, analytics maturity

More than 87 percent of organizations are classified as having low business intelligence (BI) and analytics maturity, according to a survey by Gartner, Inc. This creates a big obstacle for organizations wanting to increase the value of their data assets and exploit emerging analytics technologies such as machine learning. Organizations with low maturity fall into “basic” or “opportunistic” levels on Gartner’s IT Score for Data and Analytics. Organizations at the basic level have BI capabilities that are largely spreadsheet-based analyses and personal data extracts. Read more →

Data analytics can help correct overdraft problems

In 2012, consumers paid $32 billion in overdraft fees, which represented the single largest source of revenue for banks from demand deposit accounts, while leading to significant levels of consumer dissatisfaction and attracting attention from government regulators. In a recent study, researchers have found that it may be possible to help correct this problem through the application of sophisticated data analytics. Read more →

ERP and AI

ERP tops targets for AI developers in large enterprises

Enterprise resource planning (ERP) is the top target cited by developers actively working with artificial intelligence, according to Evans Data’s recently released Artificial Intelligence and Machine Learning survey. More than 58 percent of those developers are adding AI to their ERP software or have already done so. It is also the most cited area of existing software processes that developers believe will be totally replaced by AI or machine learning, with 80 percent believing this. Read more →

Bike-sharing system wins 2018 Wagner Prize

As urban populations continue to grow – along with congestion and commuter traffic – eco-friendly alternative transportation options are becoming increasingly popular. In cities around the world, bike-sharing programs have become an accessible method to travel from place to place quickly and efficiently. Read more →

Blockchain to impact how companies, consumers, cars connect

Blockchain to impact how companies, consumers, cars connect

A new IBM study estimates that 62 percent of automotive executives believe blockchain will be a disruptive force in the auto industry by 2021. However, the research also finds that only a small percentage of OEMs and suppliers are currently ready for blockchain or have a greater perception that blockchain solutions that are ready for commercial use. Read more →

Analytics Society of INFORMS

Erick Wikum

Society sets sail for Seattle

This much is clear: Eleven months from now, members of the Analytics Society will gather in Seattle to take part in the 2019 INFORMS Annual Meeting. There, the society will conduct its business meeting, during which activities and accomplishments for the past year will be recounted and a new leadership team, led by current Vice President Alan Briggs, will take the reins. In the meantime, what path will the society take in its journey to Seattle? Read more →

Jack Levis

Changing of the guard: accomplishments and future priorities

The Analytics Society held its business meeting during the INFORMS Annual Meeting in Phoenix earlier this month. It was a great event, and I was happy to see so many engaged members. We presented the Society’s achievements over the last year, and incoming President Erick Wikum went over his priorities for the upcoming year. Great discussion ensued, and I think all who attended enjoyed the event. I’d love to see these discussions continue. Read more →

Industry News

Frontline launches Solver.Academy, surpasses analytics tool milestone

Frontline Systems, developer of the Solver in Microsoft Excel, has launched Solver.Academy, its online learning platform for predictive and prescriptive analytics. Frontline also announced that it has surpassed 500,000 users of its cloud-based advanced analytics tools, aimed at spreadsheet-literate business analysts who aren’t expert data scientists. Read more →

AIMMS announces release of new R-link

AIMMS recently announced the release of a new R-link feature that allows app developers to leverage the power of R, including R libraries, to add statistical and other specialized number-crunching features to their AIMMS apps. Read more →

INFORMS Initiatives

INFORMS Conference on Security set for February 2020

Event organizers announced that the inaugural INFORMS Conference on Security (ICONS) will be held in Monterey, Calif., in February 2020. The objective of the conference is to bring policymakers in the national defense and security space – including state and local organizations as well as first responders – together with analytics professionals. Based on their experience from working first-hand in the national defense establishment, event organizers recognize that the government sector has unique analytical needs. Read more →

INFORMS presents multiple awards at 2018 Annual Meeting

INFORMS and its subdivisions handed out many awards for service, leadership, research, writing, teaching and volunteerism at the 2018 INFORMS Annual Meeting on Nov. 4-7 in Phoenix. Some of this year’s awards and honorees included: The INFORMS President’s Award recognizes and encourages important contributions to the welfare of society at the local, national or global level. Read more →

INFORMS Board nominations due Dec. 18

Nominations for the 2019 INFORMS elections for members who will join the 2020 INFORMS Board of Directors are due Dec. 18. The elections will be held Aug. 1 through Sept. 30, 2019. The positions include President-Elect, Secretary, Vice President-International Activities, Vice President-Marketing, Communications & Outreach, Vice President-Membership & Professional Recognition and Vice President-Practice. Read more →

Recent Features

Nerds, Suits & Geeks: Will the real data scientist please stand up?

Data science has seen a dramatic rise in the last decade. The LinkedIn 2017 U.S. Emerging Jobs Report revealed the two fastest growing jobs as “machine learning engineer” and “data scientist.” Universities are struggling to keep up with this trend, assembling new programs to address the growing need for data science professionals. Many schools are even offering accelerated, online programs to make the investment more manageable and appealing for potential candidates. Read more →

Data scientists, change leaders and clinicians are getting down to the difficult work of solving problems with real-time data. Source: ThinkStock

Halting the Hype: Humility and other trends in health analytics

Our team at GE Healthcare uses analytics to help caregivers improve outcomes and efficiency. Our work includes retrospective analytics to assess performance and monitor KPIs, simulation analytics to align leaders with a strategy by testing alternative futures, and actionable analytics to support real-time decisions with predictive and prescriptive information. Here are some recent trends we observe in health analytics:... Read more →

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Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS Computing Society Conference
Jan. 6-8, 2019; Knoxville, Tenn.

INFORMS Conference on Business Analytics & Operations Research
April 14-16, 2019; Austin, Texas

INFORMS International Conference
June 9-12, 2019; Cancun, Mexico

INFORMS Marketing Science Conference
June 20-22; Rome, Italy

INFORMS Applied Probability Conference
July 2-4, 2019; Brisbane, Australia

INFORMS Healthcare Conference
July 27-29, 2019; Boston, Mass.

2019 INFORMS Annual Meeting
Oct. 20-23, 2019; Seattle, Wash.

Winter Simulation Conference
Dec. 8-11, 2019: National Harbor, Md.

OTHER EVENTS

Advancing the Analytics-Driven Organization
Jan. 28–31, 2019, 1 p.m.– 5 p.m. (live online)

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