News

Big data paying off for big companies

A new research report, “Big Data in Big Companies,” describes how 20 large firms benefit from big data projects. Report co-authors Tom Davenport of the International Institute for Analytics (IIA) and Jill Dyché of SAS, the leader in business analytics, explore how these companies have deployed analytics to generate value from their big data assets. Read more

18 Jun 2013 Special Articles

Continuing education courses for analytics professionals

The Institute for Operations Research and the Management Sciences’ (INFORMS) Continuing Education program will offer its first two courses this fall. These intensive, two-day, in-person courses will provide analytical professionals with key skills, tools and methods that can be implemented immediately in a work environment. Read more

18 Jun 2013 Special Articles

Banks speed lending with FICO’s cloud-based loan solution

FICO, a leading predictive analytics and decision management software company, recently announced that 1st United Bank, First Utah Bank, Lowell Five Cent Savings Bank, and MetroBank are implementing the FICO LiquidCredit service, a cloud-based scoring solution that speeds consumer and small business lending decisions. The FICO solution will enable these lenders to approve small business loan applications in hours, not days, and help improve customer satisfaction and attract more small business customers. Read more

18 Jun 2013 Industry News

Study: Top CPOs drive higher profit margins

IBM recently released a study that indicates companies with high-performing procurement organizations are driving better bottom line results. According to the study, these organizations report profit margins of 7.12 percent as compared to just 5.83 percent for companies with low-performing procurement organizations. Read more

11 Jun 2013 Special Articles

Retail stores set for digital makeover

When shopping in a store with mobile-equipped store associates, 65 percent of U.S. shoppers and 75 percent of European shoppers expect the associates to be able to check product pricing on that mobile device, according to new Forrester data based on a survey of more than 4,000 U.S. and 13,000 EU respondents. Additionally, 38 percent and 60 percent, respectively, expect the associate to use her mobile device to answer technical questions about a product. Read more

06 Jun 2013 Special Articles

ShopperTrak acquires interior analytics provider RapidBlue

ShopperTrak, the world’s largest counter and analyser of retail foot traffic, has aquired RapidBlue Solutions Oy, a leading European provider of retail data and analytics. Read more

03 Jun 2013 Industry News

Smart grid analytics ROI to exceed $121.8 billion globally by 2020

Utilities worldwide must maximize efficiency for constrained energy resources. Many are realizing the smart grid vision by using SAS Analytics and SAS Data Management to discover powerful insights buried in volumes of new data. SAS enables utilities to harness data for pinpoint control and monitoring, usage and demand forecasting, rapid diagnosis and repair, as well as predicting output from renewable sources such as solar and wind. For those capabilities, business analytics leader SAS is ranked No. 1 for smart grid analytics and data management/movement in the recently released utility industry report, “The... Read more

22 May 2013 Industry News

FICO analytic cloud to enable real-time customer engagement

FICO will deliver its analytic-powered customer engagement services via the new FICO Analytic Cloud, for creating, customizing and deploying analytic-driven applications and services. Application developers, FICO clients and FICO partners will be able to take advantage of these services to rapidly create, execute and manage high-volume campaigns that engage customers in real-time with mass personalization across channels including brick-and-mortar, social and mobile. Read more

22 May 2013 Industry News

Study: Who can best manage ‘voice of the customer’?

Over the next three years, global organizations will make understanding and interacting with the customer their top priority. So says a new study from The Economist Intelligence Unit titled, “Voice of the customer: Whose job is it, anyway?” Yet only 56 percent of respondents to the survey, sponsored by SAS, believe their companies clearly understand the customer today. Read more

20 May 2013 Special Articles

‘Smart water’ analytics helps reduce water loss, cut costs

As water increasingly becomes one of the world’s most precious resources, IBM scientists are working with Arad Group, a world leader in reliable water meter systems, to help water companies and utilities around the globe provide more effective and efficient management of drinking water through the use of big data and advanced analytics technology. Read more

20 May 2013 Special Articles

‘Cool Vendors’ transforming how businesses operate

The converging and mutually reinforcing social, cultural and technological factors in the Nexus of Forces (cloud, mobility, social and information) are driving a radical power shift away from the culture of the enterprise and toward that of the consumer. “Cool Vendors” are exploiting this nexus to challenge long-held assumptions and affect IT investment, according to Gartner, Inc. Gartner’s 2013 Cool Vendors research series identifies the innovative companies, products and services that will shape business and consumer strategies in the future. Read more

20 May 2013 Special Articles

Big Data helps city of Dublin improve public bus transportation and reduce congestion

IBM has announced it is helping the city of Dublin use Big Data to identify and solve the root causes of traffic congestion in its public transport network throughout the city, which means improved traffic flow and better mobility for commuters. Integrating data from a citywide network of sensors with geospatial data means that city officials are able to better monitor and manage traffic in real time. Read more

17 May 2013 Special Articles

Texas.gov site upgrades with help of analytics

According to govtech.com, the state of Texas has announced an enhanced Texas.gov. “The website,” writes Colin Wood, “which receives more than 20,000 daily users and fields more than 72,000 daily searches, will continue its focus of being search-centric, while adapting to the needs of its users. Because the user is so important, said Erin Hutchins, director of portal operations, their team began by looking at analytics to see what they were doing right, what they were doing wrong, and how their website could better serve their constituents and internal users.” Read more

14 May 2013 Special Articles

Analytics adds depth to NFL scouting reports

Chris Wesseling, the NFL’s “Around the League” writer, recently wrote about how the Jacksonville Jaguars used prospect analytics to pick potential star Luke Joeckel. Read more

06 May 2013 Industry News

Conference at Yale helps higher education and non-profits utilize data intelligence tools

Kate Nimety, production services manager at Yale University and Richard Horne, Yale’s assistant director of data analytics and prospecting, will be presenting their work with Rapid Insight products on the first day of the Rapid Insight User Conference. Read more

02 May 2013 Industry News

Predictive Policing: Using Data to Combat Crime

Forbes magazine contributor Gil Press recently heard Bill Bratton, the former head of the Boston, New York and Los Angeles police departments, speak at the CEB TowerGroup Financial Services Technology Conference on the topic of “data-driven policing” or “predictive policing.” Read more

29 Apr 2013 Special Articles

Deloitte supports IU’s Institute for Business Analytics

Deloitte is expanding its relationship with Indiana University’s Kelley School of Business (Kelley) to become the founding member of its Institute for Business Analytics (IBA) program. Read more

18 Apr 2013 Special Articles

INFORMS confers first CAP™ designation

Jim Williams, manager of advanced analytics at Land O’Lakes, Inc., became the first person conferred with the Certified Analytics Professional (CAP™) designation after INFORMS held its inaugural CAP™ exam in conjunction with the INFORMS Conference on Business Analytics & Operations Research in San Antonio, Texas, in early April. Read more

18 Apr 2013 Special Articles

Innovative Applications in Analytics Award

A team led by Cynthia Rudin of MIT won the 2013 Innovative Applications in Analytics Award from the Analytics Section of INFORMS for the entry, “Analytics for Power Grid Distribution Reliability in New York City,” conducted in conjunction with researchers from MIT, Columbia University and Con Edison (one of the largest investor-owned energy companies in the United States). The award was presented at the INFORMS Conference on Business Analytics & Operations Research, held in San Antonio, Texas, April 7-9. Read more

18 Apr 2013 Analytics Section of INFORMS News

Ford Motor named 2013 INFORMS Prize winner

The Institute for Operations Research and the Management Sciences (INFORMS) awarded its annual INFORMS Prize to Ford Motor Company, the automaker that has been using analytics throughout its organization to strengthen its position within the American automotive industry. Read more

17 Apr 2013 Special Articles

Top-10 technology trends for the energy, utilities sector

A new report from Gartner, Inc. identifies the top-10 technology trends affecting the global energy and utility markets in 2013, as the industry faces significant challenges from ongoing environmental sensitivity, changing policymaker attitudes and consumer expectations. Read more

17 Apr 2013 Special Articles

Dutch Delta Program wins 2013 INFORMS Edelman Award

The Dutch Delta Program won the 2013 Franz Edelman Award for Achievement in Operations Research and the Management Sciences. Using operations research techniques including and simulation, the award-winning team identified three critical, dike-protected areas to bolster the Netherlands’ flood protection system while simultaneously saving the country nearly 8 billion Euros in unnecessary expenditures. Read more

16 Apr 2013 Special Articles

HCA’s Summerville Medical Center uses real-time data and analytics to track hand hygiene compliance

GE Healthcare and HCA’s Summerville Medical Center have collaborated to develop and deploy a data driven technology solution that tracks hand washing data as it relates to patient care through the use of small sensor tags. Read more

15 Apr 2013 Industry News

Cancer research gets a boost from EHRs, analytics and big data

The American Society of Clinical Oncology (ASCO) is harnessing the power of EHRs and data analytics by creating a “learning health system” called CancerLinQ, designed to aggregate information on treatments from disparate clinics and provide tailored treatments based on the outcomes of thousands of other patients. Read more

02 Apr 2013 Special Articles

Disney hosts INFORMS Roundtable’s winter meeting

The INFORMS 2013 Roundtable Winter meeting was held Feb. 10-11 at Disney’s Yacht Club Resort in Lake Buena Vista, Fla. The meeting theme was “Customer-Centric Analytics,” focusing on O.R. applications that analyze information and draw conclusions at the customer level. The meeting agenda had a mix of six talks from well-known companies that focus on customer analytics, coupled with a variety of fun events. Read more

27 Mar 2013 Special Articles

Prev Next Page: