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dark data

Dark analytics: Shedding light on a new business asset

Deep within the astonishing volumes of raw information generated by business transactions, social media, search engines, IoT and countless other sources, valuable intelligence about customers, markets and organizations, lies waiting to be discovered. Leveraging advanced technologies to explore this expansive universe of unstructured and “dark” data reveals hidden insights to inform decision-making and chart new paths to the future. Machine learning, robotics process automation, visualization, natural language processing, and image and video analysis allow questions to be answered and opportunities brought to light that were unimaginable only a few years ago. Read more →

Organizations need to understand that any data left unexplored is an opportunity lost and a potential security risk.

Dark data: The two sides of the same coin

Today, we live in a digital society. Our distinct footprints are in every interaction we make. Data generation is a default – be it from enterprise operational systems, logs from web servers, other applications, social interactions and transactions, research initiatives and connected things (Internet of Things). In fact, according to a Digital Universe study, 2.2 zettabytes of data was generated in 2012. This grew by 100 percent in 2013, and is slated to grow to 44 zettabytes by 2020 worldwide. Read more →

Companies are increasingly at risk of politically motivated cyber attacks.

Surviving global terror: How businesses can better track risks

In 2015 and 2016, extremist groups carried out 33 successful terrorist attacks in Western countries – up from an average of three per year in the preceding decade. The overwhelming majority of terrorist attacks take place in a small handful of countries, with attacks in the West representing only 0.3 percent globally in 2016. But the increase in the frequency and fatality rates associated with these attacks means that terrorism is now firmly back on the corporate risk register, regardless of where a company’s assets may be located. Read more →

The price of farms has recently declined, but this devaluation may be the result of investors acting on insufficient data

Agriculture analytics: Solutions reflect farmland’s true value

Agricultural land has long been considered an exceptionally stable source of value, but that is changing. The price of farms has recently declined, but this devaluation may be the result of investors acting on insufficient data. Old-fashioned cropland valuation techniques are perhaps painting an inaccurate picture of the nation’s food production capacity, turning a “sure thing” investment into something less reliable than it once was. Data analytics can help correct the imbalance. Read more →

Internat of things healthcare

Health data things: monetizing IoT & health apps

The Internet of Things (IoT) is considered to be the next revolution that touches every part of our daily life, from restocking ice cream to warning of pollutants. Analytics professionals understand the importance of data, especially in a complicated field such as healthcare. This article offers a framework on integrating different data sources, as well as a way to unleash the full potential of data to estimate customer lifetime value (CLV). The ultimate goal – monetizing the value of “data as data” – is one of the few things that work against the Law of Diminishing Marginal Return. We’ll illustrate the concept with a real-time biometrics monitoring device and associated mobile phone apps. Read more →

soft skills data storytelling

Soft Skills: Data storytelling

The clock was ticking. Nitin had 24 hours before an important presentation. In it, he would summarize data from a recent project to persuade his boss to act on his recommendations. But without much time to make the presentation the best it could be, Nitin was getting frustrated with his colleagues Gwen and Alan, who had volunteered to give him feedback on a practice session. Their feedback felt overly nitpicking and personal. Read more →

DEPARTMENTS

Inside Story: Data scientists’ salaries

Burtch Works, an executive recruitment agency specializing in big data and data science talent, recently released a couple of surveys that offer interesting insight into the data science job market, as well as the preferred modeling language/statistic tool for analytics professionals. Read more →

Executive Edge: Making humans, not machines, smarter with big data

Today’s real take-away in getting value from big data analytics is the capability of making humans, not machines, smarter first. This may be heresy to proponents of big data analytics, but it’s time to re-think big data’s potential. Good insights from smart analytics are of scant value if there is an insight deficit in big judgment enablement. Read more →

Analyze This! Lessons learned: The ‘get-with-the-program’ problem

Early in my career, I was working on a project team at a very large software company that had conducted a preliminary analysis of some newly captured data. Our executive sponsor “Chuck,” who was the company’s vice president of Operations, asked us to meet individually with a few key managers in one of the business units to discuss our initial results. More than a decade later, I still have a very vivid memory of one of those meetings. Read more →

Healthcare Analytics: Tighten your belt as healthcare industry slows down … but stay hopeful

In my last article, I mentioned that the Affordable Care Act (ACA) dodged the bullet but the attack would continue after the first incarnation of American Healthcare Act (AHCA) failed on the House floor. It didn’t take long for the House to get the second incarnation ready and get that passed, albeit without the Congressional Budget Office (CBO) score. The Senate now has it, but apparently they are working on their own bill that pundits expect to be a complete rewrite of the House bill. Meanwhile, the CBO came out with its scoring of the new incarnation of the House Bill and found it to have a large, negative impact on the healthcare of the elderly and the poor with a projected 23 million people expected to lose health insurance over a 10-year period, including 14 million from Medicaid. Read more →

Conference Preview: Houston, we solve problems

The 2017 INFORMS Annual Meeting will be held in Houston, Texas, on Oct. 22-25. Houston is world renowned for its economy based in aeronautics, energy, manufacturing and transportation. With a little of something for everyone, Houston lends itself as the perfect location for the next INFORMS Annual Meeting. Read more →

INFORMS Healthcare 2017: Optimizing operations & outcomes

Since the first edition in 2011, the biennial INFORMS Healthcare Conference has quickly developed into the global leading conference in its field. This is further underlined by the decision of the INFORMS Health Applications Society to cross the ocean for the fourth edition, which will be held in Rotterdam, Netherlands, on July 26-28. Read more →

Conference Preview: Winter Simulation Conference

The 2017 Winter Simulation Conference (WSC 2016) will be held Dec. 3-6 in Las Vegas at the Red Rock Resort. WSC is celebrating 50 years. In addition to a technical program of unsurpassed scope and quality, WSC is the central meeting place for simulation practitioners, researchers and vendors working in all disciplines in industry, service, government, military and academic sectors. Read more →

Five-Minute Analyst: Rainfall and reference years

This installment comes from a discussion I’ve been having with longtime friend and U.S. Naval Academy classmate Cara Albright. Her problem revolves around determining the “most representative” year of precipitation (rain) data from a large set. The original question – how to incorporate data from years that include “leaps” (i.e., Feb. 29) – started us down an interesting path. This is a fun story about collaboration and thinking about problems. Read more →

Thinking Analytically: A long walk

My new commute to work includes a one-mile walk, which is represented in the accompanying map. Each line represents a segment of that walk, and the line color represents the level of risk for that segment. Red indicates a high-risk section, orange indicates a medium risk section, and green represents a low risk section. 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.


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Headlines

Gartner: AI technologies to be pervasive in new software products

Market hype and growing interest in artificial intelligence (AI) are pushing established software vendors to introduce AI into their product strategy, creating considerable confusion in the process, according to Gartner, Inc. Analysts predict that by 2020, AI technologies will be virtually pervasive in almost every new software product and service. Read more →

Drone delivery: Professor develops solution to minimize delays in operations

When delivery companies like FedEx, Amazon and UPS launch drones to deliver packages in the near future, one Kennesaw State University computer science professor may be at the crux of solving one of its most complicated problems. Donghyun (David) Kim, assistant professor of computer science and an expert in computer algorithm optimization, is designing a fast-running algorithm to tackle simultaneous coordination problems among multiple delivery trucks and the drones launched from them. Read more →

Tech spending growth limited to about 5 percent through 2018

Forrester predicts U.S. business and government tech spending will continue to grow by 4.8 percent through 2017 and increase to 5.2 percent in 2018. While these forecasts are higher than Forrester’s projections following the 2016 presidential election, they are lower than the expected numbers from a year ago. 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 
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