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Analytics Magazine

Welcome to Analytics

analytics of crowdsourcing

Current Issue

November/December 2016

Digital Edition | Web Edition

QUOTABLE

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

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INFORMS launches aCAP certification for early career analytics professionals

As businesses, industries and other organizations exponentially increase their use of analytics to improve their operations and performance, they face additional challenges of identifying, recruiting and retaining the very best analytics talent. Since its inception in 2013, the Certified Analytics Professional (CAP®) program has enabled hundreds of organizations across 20 different countries (including 20 percent of the Fortune 100) to meet those challenges through its rigorous process of certifying top experienced analytics professionals. Now, the CAP program is helping organizations expand that ability to top early career professionals with the launch of its new Associate Certified Analytics Professional (aCAP) program. Read more →

Les Servi

MORS to hold Emerging Techniques Special Meeting

The inaugural Military Operations Research Society (MORS) Emerging Techniques Special Meeting (METSM) will be held Dec. 6-7 at the Hilton Mark Center in Alexandria, Va. The meeting will feature high-quality technical presentations from leading experts from both inside and outside the MORS family and provide an opportunity for consumers of analysis and non-traditional providers of analysis to meet and share their needs and capabilities. Read more →

Analytics Society of INFORMS

Industry News

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 →

Latvia’s Norvik Bank fights financial crime with FICO TONBELLER solution

Analytic software firm FICO recently announced that Norvik Banka, one of the oldest commercial banks in Latvia, will use the FICO TONBELLER Compliance Solutions to fight money laundering and financial crime. Bank regulators in Latvia have increased scrutiny on banks suspected of allowing money laundering, resulting in record fines and more bank audits. Read more →

INFORMS Initiatives

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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 →

Progress report: ‘Guide to the Analytics Body of Knowledge’

The “Guide to the Analytics Body of Knowledge” (ABOK) is nearing a first draft. Along with a study guide for those seeking Certified Analytics Professional (CAP®) status, ABOK can also be used by instructors to help with curriculum development, by HR managers to determine what the employees need to know, by regulators to understand the state of analytics practice, by employers to provide a career path for employees and by new-comers to analytics to understand more about the field Read more →

Recent Features

analyzing Russia imperialistic goals

Putin vs. Western analysts

Russia has a plan to take over Central and Eastern Europe, only this time by buying it rather than overrunning it. Russia’s recent move to a more assertive foreign policy has more and more analysts trying to guess its intentions and how the Western world can respond. Russia’s military push into Georgia, the advance of rebels presumably backed by Russia in the Crimea, Russia’s possible involvement in the hacking of Democratic National Committee emails and generally bolder statements in foreign policy indicate that there are reasons for concern. But there is broad disagreement about what Russia’s objectives and plans really are. Read more →

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Making analytics work through practical project management

On one end of the spectrum, labeled “Do Stuff,” organizations focus on action taking, a laissez-faire approach to project management, with little documentation and loosely defined deliverables, timelines and budgets. On the other end, labeled “Buttoned Up,” organizations take a disciplined approach to planning, monitoring and executing projects, with documentation and carefully defined deliverables, schedules and budgets. This approach is common among consulting groups by necessity, since clients insist on having answers to the 3 key questions of project management: what is to be delivered, when and at what cost? Read more →

crowdsource-mobile-generation-feat

Crowdsourcing – Using the crowd: curated vs. unknown

You’ve heard from colleagues, from industry news, maybe even from personal experience of the success of crowdsourcing. With nearly half the world’s population online, it makes sense to tap into this tremendous resource to collect large quantities of data by breaking the collection down into micro-tasks that the enormous crowd of Internet users will complete for you at pennies per task. But you’ve probably also heard of cases of crowdsourcing gone wrong, cases like the British government agency that put the task of naming its new research vessel out to the crowd and ended up with Boaty McBoatface. Read more →

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Headlines

Salary survey: predictive analytics professionals

The gender pay gap among predictive analytics professionals is practically nonexistent, and the percentage of U.S. citizens in the profession at the junior level is increasing while the percentage of foreign-born professionals at the same level is decreasing as more U.S. students are entering the market. Those are two of the more notable trends in a new Burtch Works salary survey of predictive analytics professionals (PAPs). Read more →

‘Sport Business Analytics’ aims to help organizations optimize revenue

More than 10 industry thought leaders contributed a chapter to the new book, “Sport Business Analytics: Using Data to Increase Revenue and Improve Operational Efficiency,” co-edited by C. Keith Harrison and Scott Bukstein. “Sport Business Analytics” aims to provide students and industry leaders with innovative strategies to collect data and convert it into meaningful, value-added information and actionable insights. Read more →

Survey: Master’s degrees in O.R. pay off

Individuals with a master’s degree in operations research rank third highest in terms of mid-career salaries, according to a recent survey by Forbes. The findings, part of Forbes’ 2016-2017 College Salary Report, combed data for nearly 200 graduate-level degrees and ranked them according to the mid-career salaries of full-time U.S. employees who hold specific degrees. 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

CONTINUING EDUCATION

Foundations of Modern Predictive Analytics
Nov. 17-18, 2016, Nashville, Tenn. 

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.