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Analytics Magazine

Headlines

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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Gartner identifies four imperatives for value chain transformation

Organizations seeking to make the transition from supply chain to a demand-driven value network (DDVN) must look beyond traditional projects and the adoption of functional best practices, according to Gartner, Inc. Gartner analysts have identified four imperatives that supply chain leaders must address to make the change successfully.

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Handbook of News Analytics in Finance

OptiRisk, an optimization and financial analytics provider, recently announced the publication of “The Handbook of News Analytics in Finance,” the first compilation of the research from leading industry experts on the impact of news in moving the financial markets.

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Congressman Issa to deliver PAW-GOV keynote

Congressman Darrell Issa, chairman of the House Committee on Oversight and Government Reform and a long-time advocate for open government, will deliver the keynote speech at Predictive Analytics World for Government (PAW-GOV), set for Sept. 12-13 in Washington, D.C. Issa’s talk: “Fighting Waste, Fraud and Abuse with DATA.”

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IBM launches Services Innovation Lab

IBM announced the creation of the Services Innovation Lab (SIL), a new global lab that will initially comprise about 200 technology experts hand-picked from around the company. The lab will accelerate the expansion of real-time analytics and software automation in both IBM’s technology services offerings and its global services delivery capabilities.

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Beginning with the decision in mind

Gaining analytical insights to drive better enterprise decision-making is only part of an improvement initiative- it’s not enough to just do analytics. In fact, more than five other factors are involved.

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Analytical evidence vs. practical belief

While our ability to organize and analyze enterprise data grows, the ensuing organizational insights can be game-changing. Sometimes, however, these insights directly contradict gut feelings and sacred cows, putting analytics initiatives at risk of losing important executive support.

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INFORMS launches Analytics Section

  INFORMS launches Analytics Section

Continuing its expansion throughout the analytics space, the Institute for Operations Research and the Management Sciences (INFORMS) recently launched a special interest group devoted to analytics. The Analytics Section of INFORMS attracted more than 300 members during its first two months of existence, immediately making it one of the largest – and certainly the most talked about – Section in the venerable Institute that traces its roots back to World War II.

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Standardized analytical solutions

  Standardized analytical solutions

So the mainstream media have picked up on this analytics thing big time. The latest “hit” is a recent article in the New York Times that cites a recent study by the McKinsey Global Institute entitled, “Big data: the next frontier for innovation, competition, and productivity.” The McKinsey report is full of Saganesque prose (“billions and billions of dollars in savings possible as a result of harnessing the information embedded in the big data sets of today and tomorrow”), highlighting several industries and functional areas that its authors believe are ripe for large-scale application of the data, models and analyses that we all know and love.

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Risk management under pressure as firms refocus on profits, growth

Has the financial services industry reached a comfort zone, placing it in jeopardy of another crisis? Are today’s risk management practices and reporting in tune with existing risk culture and organizational expectations?

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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

Gaining distribution in small retail formats brings big payoffs

Small retail formats with limited assortments such as Save-A-Lot and Aldi and neighborhood stores like Target Express have been growing in popularity in the United States and around the world. For brands, the limited assortments mean greater competition for shelf-space, raising the question of whether it is worth expending marketing effort and slotting allowances to get on to their shelves. According to a forthcoming study in a leading INFORMS scholarly marketing journal, Marketing Science, the answer is “yes.” Read more →

Cognitive computing a disruptive force, but are CMOs ready?

While marketing and sales professionals increasingly find themselves drowning in data, a new IBM study finds that 64 percent of surveyed CMOs and sales leaders believe their industries will be ready to adopt cognitive technologies in the next three years. However, despite this stated readiness, the study finds that only 24 percent of those surveyed believe they have strategy in place to implement these technologies today. Read more →

How weather can impact consumer purchase response to mobile ads

Among the many factors that impact digital marketing and online advertising strategy, a new study in the INFORMS journal Marketing Science provides insight to a growing trend among firms and big brands: weather-based advertising. According to the study, certain weather conditions are more amenable for consumer responses to mobile marketing efforts, while the tone of the ad content can either help or hurt such response depending on the current local weather. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

Essential Practice Skills for High-Impact Analytics Projects
Sept. 26-27, Executive Conference Center, Arlington, Va.

Foundations of Modern Predictive Analytics
Oct. 2-3, VT Executive Briefing Center, Arlington, Va.

2017 INFORMS Annual Meeting
October 22-25, 2017, Houston

2017 Winter Simulation Conference (WSC 2017)
Dec. 3-6, 2017, Las Vegas

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