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Analytics Magazine

‘Improving the future’ with prescriptive analytics, quantum computers

Headlines

Atanu Basu, the founder and CEO of AYATA, a member of INFORMS (Institute for Operations Research and the Management Sciences) and a frequent contributor to Analytics magazine, was a featured guest along with D-Wave Systems CEO Vern Brownell on Bloomberg Television’s “Taking Stock” program that aired Oct. 10.

According to its website, AYATA is “the only company in the world today with fully functional software and the associated intellectual property for Prescriptive Analytics with Hybrid Data.”

In explaining his company’s technology to “Taking Stock” host Pimm Fox, Basu says that “prescriptive analytics … takes into account not only numbers, but videos, images, sounds, texts and puts them all together to forecast what lies ahead and to tell you how to take advantage of what lies ahead. The ‘big’ in big data is usually unstructured.”

“So you organize it and then you create some sense out of it all?” Fox asks.

“Yes,” Basu answers, “to improve the future.”

Basu was the co-author along with Analytics editor Peter Horner of the article, “Analytics and the future of healthcare,” that appeared in the January/February 2012 issue of Analytics magazine. More recently, Basu authored an “Executive Edge” column for the March/April 2013 issue of Analytics magazine titled, “Five pillars of prescriptive analytics success.”

Brownell, formerly the chief technology officer at Goldman Sachs, notes in the Bloomberg segment that D-Wave Systems built the world’s first functioning quantum computer. A development that could revolutionize the computer industry by enabling much faster computing speeds than is possible with digital computers, quantum computers offer an ideal platform for handling massive data typically associated with Big Data and Hybrid Data.

To see the “Taking Stock” segment featuring Basu and Brownell, click here.

Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

UPCOMING ANALYTICS EVENTS

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Jan. 6-8, 2019; Knoxville, Tenn.

INFORMS Conference on Business Analytics & Operations Research
April 14-16, 2019; Austin, Texas

INFORMS International Conference
June 9-12, 2019; Cancun, Mexico

INFORMS Marketing Science Conference
June 20-22; Rome, Italy

INFORMS Applied Probability Conference
July 2-4, 2019; Brisbane, Australia

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July 27-29, 2019; Boston, Mass.

2019 INFORMS Annual Meeting
Oct. 20-23, 2019; Seattle, Wash.

Winter Simulation Conference
Dec. 8-11, 2019: National Harbor, Md.

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Jan. 28–31, 2019, 1 p.m.– 5 p.m. (live online)

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