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Analytics Magazine

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Current Issue
May/June 2018
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QUOTABLE

Patricia Randall“Many optimization models fail because they do not sufficiently account for real-world randomness or suboptimal decisions by employees or vendors, or their solutions are not robust enough to handle the disruptions that occur throughout the day. In one representative example, a transportation company implemented an optimization model for a real-time work assignment system at a large facility without adequately testing the model in a realistic environment. When the model went live, it caused chaos in the field. Management realized the interdependencies between different tasks were not properly accounted for, so the model was promptly turned off.”

– Patricia Randall, director at Princeton Consultants where she leads the design, development and implementation of large-scale, high-impact systems that help businesses optimize their decision-making, in her article “Why optimization models fail” in the upcoming July/August issue of Analytics magazine.

Recent News

Does negative political advertising actually work?

While many potential voters dread campaign season because of pervasive negative political advertising, a new study has found that negative political advertising actually works, but perhaps not in the way that many may assume. The study “A Border Strategy Analysis of Ad Source and Message Tone in Senatorial Campaigns,” which will be published in the June edition of INFORMS’ journal Marketing Science, is co-authored by Yanwen Wang of the University of British Columbia in Vancouver, Michael Lewis of Emory University in Atlanta and David A. Schweidel of Georgetown University in Washington, D.C. Read more →

Meet Summit, world’s most powerful, smartest scientific supercomputer

Meet Summit, world’s most powerful, smartest scientific supercomputer

The U.S. Department of Energy’s Oak Ridge National Laboratory on June 8 unveiled Summit as the world’s most powerful and smartest scientific supercomputer. With a peak performance of 200,000 trillion calculations per second – or 200 petaflops – Summit will be eight times more powerful than ORNL’s previous top-ranked system, Titan. For certain scientific applications, Summit will also be capable of more than three billion billion mixed precision calculations per second, or 3.3 exaops. Read more →

Employee engagement a top concern affecting customer experience

Employee engagement a top concern affecting customer experience

Employee engagement has surfaced as a major concern in delivering improvements in customer experience (CX), with 86 percent of CX executives in a Gartner, Inc. survey ranking it as having an equal or greater impact than other factors such as project management and data skills. “CX is a people issue,” says Olive Huang, research vice president at Gartner. “In some instances, the best technology investments have been derailed by employee factors, such as a lack of training or incentives, low morale or commitment, and poor communication of goals." Read more →

INFORMS 2018 Government & Analytics Summit

The first annual INFORMS Government & Analytics Summit was held on May 21 in Washington, D.C. INFORMS President Nicholas G. Hall (The Ohio State University) seized a unique opportunity for INFORMS to host an event that could improve understanding within government of the value of operations research (O.R.) and analytics work for solving important societal problems. O.R. and analytics is already used in many government-related areas such as national security and military logistics, scheduling flights and bus routes in transportation, and epidemic preparedness in healthcare. Read more →

New study reveals personal predispositions may drive choice

New study reveals personal predispositions may drive choice

Imagine you are choosing between two resorts for your island vacation. The factors driving your decision will be “quality” and “price,” but “quality” can be more difficult to define. In the end, this will come to represent all factors beyond price, such as service, amenities, proximity to the ocean and other things that are important to you. So, how will you decide? Read more →

Analytics Society of INFORMS

Jack Levis

Society plans high-quality, regional conferences

Having more meetings for Society members to showcase their work and to network and learn from others is important to the membership. I’m grateful to our past president Stefan Karisch and the INFORMS office for working diligently to make this a reality. Our goal is to work with local chapters, Analytics Society members and the INFORMS office to create high-quality, regional conferences. This will not only benefit our members, but it can also revitalize the local chapter. Of course, I am also hoping those participants join our important society. Read more →

New Analytics Society initiative creates new opportunity for volunteers

As Society President Jack Levis notes above, the Analytics Society, in cooperation with INFORMS and local chapters, has launched an initiative to hold half-day, regional analytics conferences designed to provide professionals with easy-to-access venues for learning, sharing and networking. The Chicago INFORMS chapter has conducted a successful regional conference with support from the Analytics Society for a number of years. A similar regional conference is planned for later this year in the Seattle area. To support this initiative, the society is in need of volunteers to serve as liaisons and organizers. 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 launches Recognition and Development Department

INFORMS launches Recognition and Development Department

INFORMS recently launched the Recognition and Development Department to promote charitable giving opportunities to support the profession, INFORMS programs, the robust INFORMS awards program, as well as a new focus on scholarship opportunities. This new initiative invites INFORMS members to designate donations to support existing INFORMS awards and programs, as well as identify and cultivate new award and scholarship opportunities. Read more →

2018 INFORMS Annual Meeting heading to Phoenix

The 2018 INFORMS Annual Meeting will be held Nov. 4-7 at the Phoenix Convention Center and Hyatt Regency Phoenix in the heart of downtown Phoenix. The Hyatt is just across the street from the Convention Center and both venues are within walking distance to many popular attractions. Four other area hotels are offering an INFORMS group rate, all within a five-minute walk of the conference venues. Sky Harbor International Airport is just 3.5 miles away from the heart of downtown Phoenix, making travel to and from the airport a breeze. Read more →

WSC 2018 set for Gothenburg, Sweden, on Dec. 9-12

The 2018 Winter Simulation Conference (WSC 2018) will be held Dec. 9-12 at the Swedish Exhibition & Congress Centre in Gothenburg, Sweden. The 2018 conference seeks to highlight applications of simulation for noble causes in addition to continuing to report leading developments and applications in other fields. The track sessions will feature uses of simulation in efforts analyzing and addressing issues facing humanity including, but not limited to, reducing poverty and world hunger, social causes, social problems, improving natural environment and disaster response. Read more →

Recent Features

By combining key technologies – AI, big data, advanced analytics, autonomous systems – smart technology can achieve far more than the unassisted human mind could ever accomplish. Photo Courtesy of ThinkStock.com

Key Technologies: The direction of smart automation

Tomorrow’s most vexing problems will be solved with smart automation. By combining key technologies – artificial intelligence (AI), big data, advanced analytics and autonomous systems – smart technology can achieve far more than the unassisted human mind could ever accomplish. Smart automation represents the next frontier in improving the human condition, but it has been in the works for decades. The automotive industry, for instance, was an early adopter of increasingly smart automation. Read more →

Proof of implementation takes on the lens of an engineer. The big question to address: Is the solution implementable? Photo Courtesy of ThinkStock.com

Return on Investment: Turbocharging analytics project adoption

Analytics has gone mainstream in large enterprises. Walking around the office halls, you hear talk of tensor flow, DNN, artificial intelligence (AI) and machine learning (ML), but there is still a large gap between expected and realized ROI from analytics projects. While you might think technology is the hardest part of an enterprise analytics project, most don’t fail due to inefficient neural networks or bad machine-learning models. They fail because of people. Read more →

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Headlines

Challenges facing supply chain execs: leadership, labor, legacy technology

While most companies recognize the value of a digitally enabled supply chain – empowered by new technologies like artificial intelligence, blockchain, big data and analytics – many chief supply chain officers (CSCOs) are not leveraging their C-suite counterparts to help reinvent the supply chain function and transform it into an engine of new growth models and customer experiences, according to new research from Accenture. Read more →

Data Science Bowl: Using AI to accelerate life-saving medical research

Imagine unleashing the power of artificial intelligence to automate a critical component of biomedical research, expediting life-saving research in the treatment of almost every disease from rare disorders to the common cold. This could soon be a reality, thanks to the fourth Data Science Bowl, a 90-day competition in which, for the first time, participants trained deep learning models to examine images of cells and identify nuclei, regardless of the experimental setup – and without human intervention. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS International Conference
June 17-20, 2018, Taipei, Taiwan

INFORMS Annual Meeting
Nov. 4-7, 2018, Phoenix

OTHER EVENTS

Advancing the Analytics-Driven Organization
July 16-19, noon-5 p.m.


Making Data Science Pay
July 30-31, 12:30 p.m.-5 p.m.


Predictive Analytics: Failure to Launch Webinar
Aug. 18, 11 a.m.


Applied AI & Machine Learning | Comprehensive
Sept. 10-13, 17-20 and 24-25

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