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.
Big data investments continue to rise but are showing signs of contracting, according to a recent survey by Gartner, Inc. The survey revealed that 48 percent of companies have invested in big data in 2016, up 3 percent from 2015. However, those who plan to invest in big data within the next two years fell from 31 percent to 25 percent in 2016.
New research from Accenture Interactive indicates that offering personalized experiences will translate to higher sales if businesses remove unintended barriers consumers report. While most consumers welcome personalized offerings, many complain of having received irrelevant recommendations and experienced an overwhelming choice of options when visiting brands and retailers’ websites.
A brand new INFORMS competition provides real-world workplace experience for undergraduate and master’s level students. Student teams will be given the same business problem, data sets and access to software to solve a challenging problem using an O.R./analytics approach. A panel of industry and academic experts will judge written submissions based on teams’ use of the full analytics process, from framing the problem to methodology selection, data use, model building, and innovation. Demonstrated “soft skills” in teamwork, communication and presentation will also be considered in judging.
Frontline Systems, developer of the Solver in desktop Microsoft Excel, has released AnalyticSolver.com, a SaaS (software as a service) Azure-based platform that offers business analysts point-and-click tools to create predictive and prescriptive analytics models themselves, without needing expert data scientists or programmers – yet taking advantage of the full spectrum of analytic methods, from forecasting and data mining to simulation and optimization.