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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 →

People analytics refers to a practice of connecting HR data to business outcomes in a way that allows for proactive, purposeful, forward-looking action. Photo Courtesy of ThinkStock.com

Human Resources Analytics: Three reasons to adopt ‘people analytics’

Human resources (HR) functions are under pressure like never before to provide actionable insights and analysis from data across the enterprise. The problem is human resources functions have tended to under-invest in systems that facilitate and make this kind of analysis more accessible to HR and the managers they support. Many executives lack even basic reporting into their organizational health from a people perspective. Read more →

Chevron Corporation, based in San Ramon, Calif., is one of the world’s leading integrated energy companies. All photos courtesy of Chevron.

Corporate Profile: O.R. and advanced analytics at Chevron

In a company as large and complex as Chevron, the opportunities to apply data science, operations research and decision analysis techniques to business challenges are numerous and create significant value. Chevron Corporation, based in San Ramon, Calif., is one of the world’s leading integrated energy companies, which means it participates in every aspect of the oil and gas business. This includes exploration, production and transportation of oil and gas; the refining, marketing and distribution of transportation fuels and lubricants; and the manufacture and sale of petrochemicals and additives. Read more →

DEPARTMENTS

Inside story: A conference to remember

As I’ve said many times in this column, the one analytics conference you don’t want to miss each year is the INFORMS Conference on Business Analytics and Operations Research. The latest in the series, held April 15-17 in Baltimore a few miles down the road and a few stone skips across the Inner Harbor from INFORMS headquarters, not only lived up to expectations, it exceeded them – by a long shot. Read more →

ANALYZE THIS! — Self-analysis: illuminating, unnerving

If you are a regular reader of this column, then you already know that I am currently engaged in two major long-term projects: a book of stories about the human interactions behind successful “real world” analytics [1] and a new MBA initiative on customer success management [2]. I started both of these early last year, and each will require a lot of hard work over a relatively long period of time. Read more →

Healthcare Analytics: Data privacy and health information

April saw a major development in the data privacy world. Social media giant Facebook admitted that a rogue analytics company named Cambridge Analytica got a hold of detailed data on up to 87 million Americans, which was allegedly used to deliver custom messaging to groups of voters in the country to sway their opinions toward voting for a certain candidate. Read more →

INFORMS Initiatives: May-June 2018

The Federal Communications Commission (FCC) won the 2018 Franz Edelman Award for its use of operations research (O.R.) as part of a revolutionary approach to address the rapidly growing need for additional wireless spectrum in the United States and Canada. Read more →

Newsmakers: Mission Award, CHHS honors

An article co-authored by Scott Nestler and David Hunt, both longtime and active members of INFORMS, was named a winner of the Mission Award from the Mendoza College of Business at the University of Notre Dame. The article, “Using INFORMS ethics guidelines in the classroom,” appeared in the February 2017 issue of OR/MS Today (the INFORMS membership magazine). The Mission Award recognizes one or more Notre Dame faculty members for a specific research work that contributes to the common good. Read more →

Five-Minute Analyst: Who shot first – an application of Bayes Theorem

As many readers of this column already know, “Star Wars” (the movie) is one of my favorite topics for operations research. I have previously written about Kylo Ren, Luke Skywalker, Yoda and Emperor Palpitine. In honor of the upcoming Han Solo movie (May 25 release), I thought I would write about everyone’s favorite scruffy-looking nerf herder, Han Solo. Read more →

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Headlines

FCC wins 2018 INFORMS Edelman Award

The Federal Communications Commission (FCC) won the 2018 Franz Edelman Award for its use of operations research (O.R.) as part of a revolutionary approach to address the rapidly growing need for additional wireless spectrum in the United States and Canada. The prestigious award, which recognizes outstanding achievement in advanced analytics, O.R. and management science, was presented by INFORMS at the Edelman Gala held April 16 in Baltimore in conjunction with the 2018 INFORMS Conference on Business Analytics and Operations Research. Read more →

BNSF Railway receives 2018 INFORMS Prize

BNSF Railway was awarded the 2018 INFORMS Prize for its pioneering and enduring integration of operations research (O.R.) and analytics programs throughout the organization. The prize was presented at the Edelman Gala held April 16 in Baltimore in conjunction with the 2018 INFORMS Conference on Business Analytics and Operations Research. Read more →

Ethics article earns Mission Award from Notre Dame

An article co-authored by Scott Nestler and David Hunt, both longtime and active members of INFORMS, was named a winner of the Mission Award from the Mendoza College of Business at the University of Notre Dame. The article, “Using INFORMS ethics guidelines in the classroom,” appeared in the February 2017 issue of OR/MS Today (the INFORMS membership magazine). The Mission Award recognizes one or more Notre Dame faculty members for a specific research work that contributes to the common good. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2018 INFORMS Conference on Business Analytics and Operations Research
April 15-17, 2018, Baltimore

CAP® EXAM SCHEDULE

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