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Analytics Magazine

Headlines

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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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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Headlines

Challenges facing supply chain execs: leadership, labor, legacy technology

While most companies recognize the value of a digitally enabled supply chain – empowered by new technologies like artificial intelligence, blockchain, big data and analytics – many chief supply chain officers (CSCOs) are not leveraging their C-suite counterparts to help reinvent the supply chain function and transform it into an engine of new growth models and customer experiences, according to new research from Accenture. Read more →

Data Science Bowl: Using AI to accelerate life-saving medical research

Imagine unleashing the power of artificial intelligence to automate a critical component of biomedical research, expediting life-saving research in the treatment of almost every disease from rare disorders to the common cold. This could soon be a reality, thanks to the fourth Data Science Bowl, a 90-day competition in which, for the first time, participants trained deep learning models to examine images of cells and identify nuclei, regardless of the experimental setup – and without human intervention. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS International Conference
June 17-20, 2018, Taipei, Taiwan

INFORMS Annual Meeting
Nov. 4-7, 2018, Phoenix

OTHER EVENTS

Advancing the Analytics-Driven Organization
July 16-19, noon-5 p.m.


Making Data Science Pay
July 30-31, 12:30 p.m.-5 p.m.


Predictive Analytics: Failure to Launch Webinar
Aug. 18, 11 a.m.


Applied AI & Machine Learning | Comprehensive
Sept. 10-13, 17-20 and 24-25

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