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Survey: Business analytics pervasive, effective on a global scale

Business analytics has been effective in decision-making for three of four enterprises, according to a Bloomberg Businessweek Research Services survey sponsored by SAS. These organizations have benefited from increased profitability, reduced cost, improved risk management, process optimization, faster decision making or critical performance improvements.

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Rutgers University offers online mini-MBA Web Analytics program

The Rutgers Center for Management Development (CMD) is offering an Online Mini-MBA: Web Analytics Program starting Oct. 17 and running through Dec. 19. The 10-week online faculty-led program includes videos, faculty-evaluated exercises, section quizzes, plus a final project and exam.

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Smart grid ‘data tsunami’ drives opportunities in utility industry

The deployment of smart meters and other communication nodes within the electricity grid distribution network is generating a wave of new information that many in the utility industry have referred to as a “data tsunami.” This highly granular, real-time information on electricity consumption and grid operations can be highly useful for utilities….

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Big data infographic

  Big data infographic

A team from vouchercloud.com recently took a look at data statistics and created an infographic to demonstrate just how much data is generated in the world. The graphic depicts the explosive growth rate of data over the past 24 years, from 100GB per a day back in 1992 to a whopping 28,875GB per second in 2013. This number is expected to grow to 50,000GB per second by 2018.

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IBM’s flood prediction technology simulates river systems

Researchers from IBM and the University of Texas at Austin have applied advanced analytics to river systems, weather and sensor data to predict the Guadalupe River’s behavior more than a hundred times the normal speed.

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IBM, Wharton School launch Chief Marketing Officer program

IBM recently announced a partnership with the Wharton School of the University of Pennsylvania to deliver a first-of-a-kind executive education program for Chief Marketing Officers (CMOs) and Chief Customer Officers (CCOs). The two-week course, titled “The CMO Advantage: Evolving Beyond the Digital Revolution,” will explore the increasing importance of the CMO in the C-Suite. The intersection of marketing and technology in today’s marketplace presents a unique opportunity for senior business leaders, such as the CMO, to drive innovation, enhance influence and deepen customer engagement.

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‘Clumpiness’ more profitable than traditional marketing segments

  ‘Clumpiness’ more profitable than traditional marketing segments

Marketing managers traditionally segment customers by three summary measures (also known as the RFM model): recency (the period of time since their last visit), frequency (how often they visit) and monetary value (how much they spend on a visit). However, a new study published in the INFORMS journal Marketing Science shows that, in contrast to traditional market segmentation, one based on “binge consumption” brings a higher long-term return to business.

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Beyond ‘Moneyball’: Rapidly evolving world of sports analytics, Part I

  Beyond ‘Moneyball’: Rapidly evolving world of sports analytics, Part I

Over the past few years, the world of sports has experienced an explosion in the use of analytics. In this three-part series, we reflect on the current state of sports analytics and consider what the future of sports analytics may look like.

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The untapped potential of time series data mining

Financial planning and budgeting, supply chain management, retail replenishment and planning – these are just a few of the critical business functions that benefit greatly from data mining, forecasting and time series analysis, three established disciplines of analytics.

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Major multi-line beverage wholesaler gets better with ‘age’

When Milt Odom began selling bourbon, liquor, coffee, tea, meats and candy in Anchorage, Alaska, in 1933, he probably didn’t even imagine that the company he created – that still bears his name – would one day be the premier beverage wholesaler in the Pacific Northwest and one of the largest privately held companies in the area. Today, Bellevue, Wash.-based Odom Corporation stocks 9,800 SKUs from 480 suppliers across seven major warehouses.

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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.


Headlines

Three keys for organizations to gain value from information

In the current information-driven society and increasingly digitalized world, Gartner, Inc. says that sentiments are shifting from the economics of tangible assets to the economics of information – “infonomics” – and other intangible assets. Infonomics is the theory, study and discipline of asserting economic significance to information. It strives to apply both economic and asset management principles and practices to the valuation, handling and deployment of information assets.  Read more →

Burtch Works study on ‘Salaries of Predictive Analytics Professionals’

According to the recently released Burtch Works study on “Salaries of Predictive Analytics Professionals 2017,” senior-level executives saw the largest increase in salaries from 2016 to 2017, and industry diversification of employment has diluted the concentration of such professionals from financial services and marketing/advertising to consulting and technology. Read more →

New study asks, ‘Is your business AI-ready?’

Despite fears that robots will replace human labor, the majority of artificial intelligence (AI) leaders (79 percent) expect their employees will work comfortably with robots by 2020, according to a new Genpact survey of C-Suite and senior executives titled, “Is Your Business AI-Ready?” Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

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 
https://www.certifiedanalytics.org.