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Analytics Magazine

Welcome to Analytics

Recent News

Three keys for organizations to gain value from information

In the current information-driven society and increasingly digitalized world, Gartner, Inc. says that sentiments are shifting from the economics of tangible assets to the economics of information – “infonomics” – and other intangible assets. Infonomics is the theory, study and discipline of asserting economic significance to information. It strives to apply both economic and asset management principles and practices to the valuation, handling and deployment of information assets.  Read more →

Burtch Works study on ‘Salaries of Predictive Analytics Professionals’

According to the recently released Burtch Works study on “Salaries of Predictive Analytics Professionals 2017,” senior-level executives saw the largest increase in salaries from 2016 to 2017, and industry diversification of employment has diluted the concentration of such professionals from financial services and marketing/advertising to consulting and technology. Read more →

New study asks, ‘Is your business AI-ready?’

Despite fears that robots will replace human labor, the majority of artificial intelligence (AI) leaders (79 percent) expect their employees will work comfortably with robots by 2020, according to a new Genpact survey of C-Suite and senior executives titled, “Is Your Business AI-Ready?” Read more →

Groups lie more than individuals, according to new study

Do you pride yourself on being an honest person? Even individuals who have a proven track record of honest behavior are no match for the potentially negative influences present in a group dynamic, especially when money is at stake, according to a new study, published in the INFORMS journal Management Science.  Read more →

Analytics Society of INFORMS

Get in the game: coach a champion IAAA team

The 2018 Caterpillar and INFORMS Analytics Society Innovative Applications in Analytics Award (IAAA) competition is underway. By Nov. 15, the award’s judging panel will select six finalists from among 28 submissions. Each finalist team will be assigned a coach. Read more →

Stefan Karisch

Passing the torch at the Houston INFORMS conference

I look forward to the upcoming INFORMS Annual Meeting in Houston on Oct. 22-25, and I invite you to attend the business meeting of the Analytics Society on Monday, Oct. 23 from 6-7 p.m. At this meeting, we will review recent accomplishments, recognize the winners of our society-sponsored awards and hand over the leadership of the Analytics Society to the newly elected officers. Read more →

Industry News

INFORMS Initiatives

Applications for UPS George D. Smith Prize due Oct. 31

Is your institution excelling at producing the next generation of analytics professionals? The UPS George D. Smith Prize is awarded annually to an academic department or program for effective and innovative preparation of students to be good practitioners of OR/MS and analytics. Read more →

CAP-logo

Certified Analytics Professional program earns ANSI accreditation

The Certified Analytics Professional (CAP®) program, the only global professional certification for analytics practitioners, has been accredited by the American National Standards Institute (ANSI), the American member of the International Organization for Standardization (ISO), furthering CAP’s distinction to what CIO Magazine earlier this year called one of the top “big data certifications that will pay off.” Read more →

CAP-logo

CAP certification goes digital

In previous articles, we noted the benefits of CAP® certification, including market differentiation and networking. Now INFORMS has announced yet another benefit: the CAP program will be converting to digital certificates beginning Oct. 1. Read more →

New Editor’s Cut focuses on feeding the world through analytics

As the world’s population continues to grow, the role of analytics and O.R. in developing effective new approaches to food production is becoming increasingly important. From more efficient distribution of water resources, to better management of meat and dairy production, to smarter crop cultivation, analytics is having a significant impact in the fight against global hunger Read more →

Recent Features

Output visualization of machine learning analysis

Output visualization of machine learning analysis

Data science is more than just building machine learning models; it’s also about explaining the models and using them to drive data-driven decisions. In the journey from analysis to data-driven outcomes, data visualization plays a very important role of presenting data in a powerful and credible way. Structured data only accounts for about 20 percent of stored information. The rest is unstructured data – texts, blogs, documents, photos, videos, etc. Unstructured data, also known as dark data, includes information assets that organizations collect, process and store during regular business activities, but generally fail to use for other purposes (for example, analytics, business relationships and direct monetizing). Unstructured data is the hidden part of the massive iceberg that has yet to be analyzed for useful decision-making. Read more →

Better-timed calls reach the right party when the person is most amenable to being approached

Calling the smart way

If we know anything about outbound telephone call centers, it’s these two facts: 1) People profess to hate all the unwanted telephone calls, and 2) Call centers keep making the calls because many of them actually do produce sales, debt payments and votes in elections. Now new research and development has produced a better approach, increasing response while decreasing the number of calls. This seemingly paradoxical improvement reflects a profound insight: Most call centers have focused on increasing the number of dialing attempts, while trying to limit calling when no representative will be available to talk to the answering party. Read more →

Multinational company’s Computational and Data Science R&D team supports an extensive, varied, dynamic research portfolio.

Company Profile: Air Liquide

The world leader in gases, technologies and services for industry and health, Air Liquide is present in 80 countries with approximately 67,000 employees and serves more than 3 million customers and patients. Oxygen, nitrogen and hydrogen are among the essential small molecules for life, matter and energy. Essential small molecules embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902. 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

Accenture security report identifies top cyber threats

With recent large-scale cyberattacks signaling a growing front in destructive threats and business impact, a new midyear report from iDefense, part of Accenture Security, reveals how threat actors are continuing to evolve their ability to avoid detection. Based on in-depth analysis, the report anticipates a growth in the number of threat actors who are rapidly expanding their capabilities due to factors such as the proliferation of affordable, customizable and accessible tools and exploits. Read more →

Job searchers: It’s not just who you know, but how well you know them

While online networking sites enable individuals to increase their professional connections, to what extent do these ties actually lead to job opportunities? A new study in the INFORMS journal Management Science finds that, despite the ability to significantly increase the number of professional connections and identify more job leads with limited effort on these sites, unless the connection is a strong one, they typically will not lead to job offers.  Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

Essential Practice Skills for High-Impact Analytics Projects
Sept. 26-27, Executive Conference Center, Arlington, Va.

Foundations of Modern Predictive Analytics
Oct. 2-3, VT Executive Briefing Center, Arlington, Va.

2017 INFORMS Annual Meeting
October 22-25, 2017, Houston

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.