Share with your friends










Submit

Analytics Magazine

FCC wins 2018 INFORMS Edelman Award

FCC wins 2018 INFORMS Edelman AwardThe 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.

The FCC conducted the world’s first two-sided “incentive auction” to meet the exploding demand for wireless services by reclaiming valuable low-band electromagnetic spectrum from TV broadcasters. By purchasing spectrum from TV broadcasters and reselling it to wireless providers, the auction repurposed 84 MHz of TV spectrum for mobile broadband, next-generation “5-G” and other wireless uses, raised nearly $20 billion in revenue and contributed over $7 billion to reduce the federal deficit. In addition, operations research enabled many TV stations to remain on their original channels, saving an estimated $200 million in relocation costs.

“To be presented with the Franz Edelman Award, which recognizes the greatest achievements in operations research and analytics, is an incredible testament to the ground-breaking work of our incentive auction team,” said FCC Chairman Ajit Pai. “The auction … would not have been possible without the use of operations research tools to solve complex design and implementation challenges. We are deeply honored that our effort has been recognized with this prestigious award.”

In addition to the FCC, five other organizations were finalists for this year’s Franz Edelman Award:

  • China National Petroleum Corporation for “Natural Gas Pipeline Optimization Software”
  • Europcar for “Opticar”
  • Intel for “Multi-Echelon Inventory Optimization (MEIO) Inventory Target-Setting System”
  • Pediatric Heart Network for “Congenital Heart Defect (CHD) Clinical Practice Guidelines (CPG)”
  • Turner Broadcasting System, Inc. for “TargetingNOW and AudienceNOW”

First awarded in 1972, the Franz Edelman Award recognizes and rewards outstanding contributions of analytics and O.R. in the for- and non-profit sectors around the globe. Each year, INFORMS honors finalist teams that have improved organizational efficiency, increased profits, brought better products to consumers, helped foster peace negotiations and saved lives. Since its inception, the cumulative dollar benefits from Edelman finalist projects have surpassed $250 billion.

The conference drew more than 1,000 attendees, many of them leading professionals in analytics and operations research.

With 12,500 members from nearly 90 countries, INFORMS is the world’s largest international association of operations research and analytics professionals and students. INFORMS provides unique networking and learning opportunities for individual professionals, and organizations of all types and sizes, to better understand and use O.R. and analytics tools and methods to transform strategic visions and achieve better outcomes.

Related Posts

  • 81
    The Franz Edelman Award from INFORMS recognizes and rewards organizations for outstanding contributions of OR/MS and advanced analytics. INFORMS encourages everyone whose work is driving impactful change and results to participate in the 2018 Edelman competition.
    Tags: edelman, informs, advanced, analytics, outstanding, organizations, award, franz, recognizes, year
  • 78
    INFORMS selected a diverse group of six finalists for the 47th annual Franz Edelman Award for Achievements in Operations Research and Management Science, the world’s most prestigious award for achievement in the practice of analytics and O.R. The 2018 finalists, who will present their work before a panel of judges at the…
    Tags: $, management, award, billion, inventory, operations, edelman, tv, analytics, system
  • 74
    Considering attending the 2018 INFORMS Conference on Analytics & Operations Research? Nowhere else in the world will you find the analytics and operations research expertise and experience across so many industries coming together for a three-day event. On April 15-17, a thousand professionals from more than 400 companies and essentially…
    Tags: analytics, conference, business, operations, informs
  • 74
    Leaders in industry and academia from around the world are among those who will be joining the INFORMS Board of Directors in 2018. INFORMS is the leading international association for operations research and analytics professionals (and the publisher of Analytics magazine).
    Tags: informs, analytics, professionals, operations, o.r, better, science, management
  • 72
    The deadline to apply for 2017 INFORMS Prize is Dec. 1, 2016. The INFORMS Prize is awarded for effective integration of advanced analytics and operations research/management sciences (OR/MS) in an organization.
    Tags: informs, advanced, analytics, operations, award


Headlines

Former INFORMS President Cook named to U.S. Census committee

Tom Cook, a former president of INFORMS, a founding partner of Decision Analytics International and a member of the National Academy of Engineering, was recently named one of five new members of the U.S. Census Bureau’s Census Scientific Advisory Committee (CSAC). The committee meets twice a year to address policy, research and technical issues relating to a full range of Census Bureau programs and activities, including census tests, policies and operations. The CSAC will meet for its fall 2018 meeting at Census Bureau headquarters in Suitland, Md., Sept. 13-14. Read more →

Gartner identifies six barriers to becoming a digital business

As organizations continue to embrace digital transformation, they are finding that digital business is not as simple as buying the latest technology – it requires significant changes to culture and systems. A recent Gartner, Inc. survey found that only a small number of organizations have been able to successfully scale their digital initiatives beyond the experimentation and piloting stages. “The reality is that digital business demands different skills, working practices, organizational models and even cultures,” says Marcus Blosch, research vice president at Gartner. Read more →

Innovation and speculation drive stock market bubble activity

A group of data scientists conducted an in-depth analysis of major innovations and stock market bubbles from 1825 through 2000 and came away with novel takeaways of their own as they found some very distinctive patterns in the occurrence of bubbles over 175 years. The study authors detected bubbles in approximately 73 percent of the innovations they studied, revealing the close relationship between innovation and stock market bubbles. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

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

Winter Simulation Conference
Dec. 9-12, 2018, Gothenburg, Sweden

OTHER EVENTS

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


Advancing the Analytics-Driven Organization
Sept. 17-20, 12-5 p.m. LIVE Online


The Analytics Clinic: Ensemble Models: Worth the Gains?
Sept. 20, 11 a.m.-12:30 p.m.


Predictive Analytics: Failure to Launch Webinar
Oct. 3, 11 a.m.


Advancing the Analytics-Driven Organization
Oct. 1-4, 12 p.m.-5 p.m.


Applied AI & Machine Learning | Comprehensive
Oct. 15-19, Washington, D.C.


Making Data Science Pay
Oct. 29 -30, 12 p.m.-5 p.m.


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.