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Analytics Magazine

Current Issue

analytics of crowdsourcing
November/December 2016

Digital Edition

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 →

project-mgmt-biz-team-feat

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 →

decision analysis software survey

Decision Analysis Survey

Fifty years have elapsed since the founding of the field of decision analysis by Howard Raiffa and Ron Howard. 2016 is not only a milestone year due to the anniversary but also because it marks the passing of one of the founders, Howard Raiffa. Such significant events make this year a time for reflection. Seasoned decision analysts can celebrate their contributions to the advancement of the field, while young operations research (O.R.) and analytics professionals should take this time to imagine how their current and future contributions will shape the next 50 years of the field. Read more →

data lakes big

Data Lakes: The biggest big data challenges

Many organizations have noticed that the data they own and how they use it can make them different than others to innovate, to compete better and to stay in business. That’s why organizations try to collect and process as much data as possible, transform it into meaningful information with data-driven discoveries, and deliver it to the user in the right format for smarter decision-making. With the right analytics, data can be turned into actionable intelligence that can be used to help make businesses maximize revenue, improve operations and mitigate risks. Read more →

Analytics applications range from ticket pricing and sales inventory to customer relationship management and fan engagement. Photo Courtesy of 123rf.com | Oleksii Sidorov

Analytics in Action: The sport business analytics process

The sport business analytics process generally involves data collection, management, visualization, implementation and evaluation. Sport business organizations are encouraged to focus first on clearly defining business strategies, goals and objectives before developing a data-driven initiative or staffing an analytics department. Next, organizations need to identify the data systems that will be used to collect and capture data. For example, a sport team could leverage ticketing and point-of-sale software systems to monitor season ticket holder accounts and concessions sales. Read more →

DEPARTMENTS

Inside Story: The wisdom of crowds

As I write this, the 2016 U.S. presidential campaign staggers toward the finish line, leaving behind a trail of mud the likes of which we’ve never seen before. When the election is finally over, no matter the outcome, I think we all could use a hot shower. Read more →

Executive Edge: Keys to unlocking innovation in organizations

“Drive thy business or it will drive thee.” Benjamin Franklin offered this sage advice in the 18th century, but he left one key question unanswered: How? How do you successfully drive a business? More specifically, how do you develop the business strategy drivers that incite a business to grow and thrive? Read more →

ANALYZE THIS! A ‘Silver’ lining for election blues

For the past several months, I have spent hours staring at my screen, reading anything I can get my hands on that might help me get a sense of what might happen during the elections on Nov. 8. Since I live in Oakland, Calif., the heart of the uber-liberal bubble that is the San Francisco Bay Area, I am constantly searching for truly fair and balanced perspectives about what is really going on across the rest of the country, especially with regards to this year’s presidential election. Read more →

Healthcare Analytics: Data governance and management

The healthcare analytics industry is making great strides. As part of my work I talk to many data analytics companies who report they are very busy with implementation projects. One large company told me that its implementation staffs are booked until end of the first quarter of 2017. This is evidence that the demand for healthcare analytics is strong. Read more →

News & Notes: Salary survey, O.R. degree, CAP updates

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 →

Forum: A conceptual framework for BI/analytics strategies

Business intelligence (BI) and analytics programs are among the “hottest” curricula being developed at universities and colleges worldwide. Definitions vary on what entails business intelligence or analytics, and there doesn’t seem to be a universal BI/analytics conceptual framework that is being used by organizations and universities to develop their BI/analytics strategy and associated roadmap. To provide some clarity and based on research and best practices in the field, I developed the BI/Analytics Conceptual Framework as shown in Figure 1. Read more →

Conference Preview: 2016 Winter Simulation Conference

The 2016 Winter Simulation Conference (WSC) has been the premier international forum for disseminating recent advances in the field of systems simulation for almost 50 years. The longest-running conference devoted to simulation as a discipline, this year’s WSC will be held on Dec. 11-14 at the Crystal Gateway in Arlington, Va., just outside of Washington, D.C. The theme for WSC 2016 is “Simulating Complex Service Systems.” Read more →

Five-Minute Analyst: The ballot theorem

This column will appear around the date of the U.S presidential election, and while I have been trying to avoid politics this year, it is simply impossible. I think it is fair to say that this year’s election has been contentious, and millions of people have closely followed the campaign coverage and debates. While in the United States votes are not reported until the election is over, there are “exit polls” on Election Day, which gain insight into the election by asking voters who they voted for as they leave their respective polling locations. 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.