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EY establishes Global Analytics Center of Excellence

After an initial period, when big data was an optional extra for most businesses, data analytics is now widely accepted as a business imperative. However, most organizations have made only modest progress at a strategic level and have yet to develop a comprehensive framework for how to drive value. For this reason, EY (Ernst & Young Global Limited) has established a Global Analytics Center of Excellence (COE) and will commit to a $500 million, multiyear investment to deliver transformational change to clients by combining analytics with business acumen, domain and functional skills.

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CUNY SPS offers new master of science in data analytics

The CUNY School of Professional Studies is offering a new online master of science degree in data analytics. The program prepares its graduates for high-demand and fast-growing careers as data analysts, data specialists, business intelligence analysts, information analysts and data engineers in such fields as business, operations, marketing, social media, healthcare, transportation, energy, and finance.

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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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Headlines

Artificial intelligence a game changer for personal devices

Emotion artificial intelligence (AI) systems are becoming so sophisticated that Gartner, Inc. predicts that by 2022, personal devices will know more about an individual’s emotional state than his or her own family. AI is generating multiple disruptive forces that are reshaping the way we interact with personal technologies. Read more →

FICO predicts AI and blockchain will meet in 2018

Scott Zoldi, chief analytics officer at FICO, in his AI predictions for 2018, predicts the rise of “defensive AI” and manipulative chatbots. Blockchain will use AI to search through relationship data, Zoldi says, and defensive AI will be used to protect systems from malicious AI and machine learning. Adds Zoldi: Chatbots will get so good at understanding us they will learn how to manipulate us. Read more →

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2018 INFORMS Conference on Business Analytics and Operations Research
April 15-17, 2018, Baltimore

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