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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 →

Linking quantum computing, DNA and healthcare

Linking quantum computing, DNA and healthcare

Moore’s Law, which states that processing speeds will double every two years as we cram more and more silicon transistors onto chips, has been faltering since the early 2000s when the law started to run up against fundamental limitations presented by the laws of thermodynamics. Read more →

DEPARTMENTS

Inside Story: Tech saves sabbatical

Vijay Mehrotra, a professor in the business school at the University of San Francisco and the author of the popular “Analyze This!” column in Analytics magazine, recently returned from a seven-month sabbatical stay in Spain. Vijay took advantage of his time abroad to, among other things, try learning a new language, tour the country and soak up its culture, work on a book based in part on his Analytics mag columns and, fortunately for us, author new columns, the latest of which can be found on page 12. Read more →

Executive Edge: Ways to generate profit with the data you already have

Build it and they will come. That is the view many organizations maintain about their data lakes and data warehouses. Companies are rapidly investing in systems and processes to retain business data that they know is valuable but have no clue what to do with it. Even the government collects mass amounts of data without specific plans for using the information at the time of collection. This trend only accelerates as the amount of data being produced continues to escalate. Today, it is estimated that human knowledge is doubling every 12 to 13 months, and IBM is estimating that with the build out of the “Internet of things,” knowledge will double every 12 hours. Read more →

Analyze This: Trip abroad reveals pros, cons of technology

Just in time for the beginning of the fall semester, my family and I have returned home from a seven-month overseas sabbatical, most of which was spent living in Madrid, Spain (a big thanks to my dear friend Javier Francisco Prieto for inviting me to visit the Department of Statistics at Universidad Carlos III de Madrid). It was by far my longest trip to Europe since my student days 30 years ago. Read more →

Healthcare Analytics: A pragmatic approach

At last there is some respite for those of us in the healthcare analytics and technology business. The neverending uncertainty and word storms emanating from the nation’s capital is now silent. Perhaps temporarily but what a relief. We now can make strategies and plan for execution for the next six months to a year. In the meantime, if you would like to know about how the Affordable Care Act touched many lives for the better read this article in the Huffington Post. A Senate healthcare bill is now dead, and the hope of fixing what is not working in healthcare in a pragmatic bipartisan way is now rising. That’s the good news. Read more →

INFORMS Initiatives: Analytics workshop, Edelman competition, CAP benefits & more

Dr. Patrick Noonan will lead a two-day workshop, “Essential Practice Skills for High-Impact Analytics Projects,” on Sept. 26-27 at the Executive Conference Center in Crystal City, Va., where he will introduce a set of tools and techniques to help analytics professionals apply their skills to achieve high impact in the workplace. Presented by INFORMS, the workshop is part of the Institute’s “essential skills” continuing education program. Read more →

INFORMS 2017 Annual Meeting

The 2017 INFORMS Annual Meeting is currently scheduled for Houston, Texas, on Oct. 22-25. Houston is world renowned for its economy based in aeronautics, energy, manufacturing and transportation. Houston’s energy industry is recognized worldwide for its renewable energy sources, including wind and solar power. Houston is the most diverse city in Texas and has a large and growing international community. Because it is the home of the NASA Lyndon B. Johnson Space Center and its strong ties to the aeronautic industry, it has earned the nickname “Space City.” With a little of something for everyone, Houston lends itself as the perfect location for the next INFORMS Annual Meeting. Read more →

WSC turns 50: simulation everywhere!

The Winter Simulation Conference (WSC) was first held in 1967 as the Conference on the Applications of Simulation Using GPSS. As we celebrate its 50th anniversary this year, we are proud that the conference is widely regarded today as the premier international forum for disseminating recent advances in the field of dynamic systems modeling and simulation. In addition to a broadly scoped, high-quality technical program, WSC is the annual meeting place for simulation researchers, practitioners and vendors spanning a wide array of disciplines and working across industry, government, military, service and academic sectors. This year’s conference will be held Dec. 3-6 in Las Vegas at the Red Rock Resort. Read more →

Five-Minute Analyst: Nuclear deterrence

I have a longstanding policy of not commenting on current events in this column, but rather keeping it “light,” with use cases involving everyday problems, popular television shows and, for quite a bit of 2016, Star Wars. Originally, I sat down to write this column about “a world without the central limit theorem,” which was going to have this tagline: Tonight, we’ve replaced Bob’s Normal Distribution [1] with the Cauchy – let’s see what happens. Bob just had 8,000 cups of coffee – he never does that! Read more →

Thinking Analytically: Unlock the decoded message

The accompanying message is encrypted with a simple substitution cypher (one letter replaced with another). To make this puzzle more challenging, all punctuation has been removed. As a hint, the following words are in the unencrypted message: PUZZLOR, ANALYTICS and INFORMS. 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.