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Analytics Magazine

Headlines

Analytics makes positive difference in recovering travel industry

As the travel industry continues to recover from the recession, it’s imperative that each segment of the ecosystem better understand customer behavior, increase bookings and build revenue to their sites, which analytics makes possible, according to the latest report published by Heavy Reading IP Services Insider (www.heavyreading.com/entvoip).

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Pittsburgh Pirates tap SAS Analytics

Baseball loves the numbers, both traditional RBIs and ERAs plus newer sabermetric measures like walks plus hits per inning pitched (WHIP) and value over replacement player (VORP). As “Moneyball” has become a valued statistical approach to selecting talent, teams such as the Pittsburgh Pirates are also embracing analytics to improve operations and marketing and build stronger relationships with fans.

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Gartner: Industrialized low-cost IT services to transform IT services market

Chief information officers (CIOs) should consider adopting industrialized, low-cost IT services (ILCS) to reduce the cost of “running the business,” while controlling the risk, integration and customization issues, to increase the business value of IT and enhance its perception by the business, according to Gartner, Inc

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‘Watson,’ WellPoint team up to improve patient care

WellPoint, Inc. and IBM announced an agreement to create the first commercial applications of the IBM Watson technology. Under the agreement, WellPoint will develop and launch Watson-based solutions to help improve patient care through the delivery of up-to-date, evidence-based health care for millions of Americans.

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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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Headlines

Former INFORMS President Cook named to U.S. Census committee

Tom Cook, a former president of INFORMS, a founding partner of Decision Analytics International and a member of the National Academy of Engineering, was recently named one of five new members of the U.S. Census Bureau’s Census Scientific Advisory Committee (CSAC). The committee meets twice a year to address policy, research and technical issues relating to a full range of Census Bureau programs and activities, including census tests, policies and operations. The CSAC will meet for its fall 2018 meeting at Census Bureau headquarters in Suitland, Md., Sept. 13-14. Read more →

Gartner identifies six barriers to becoming a digital business

As organizations continue to embrace digital transformation, they are finding that digital business is not as simple as buying the latest technology – it requires significant changes to culture and systems. A recent Gartner, Inc. survey found that only a small number of organizations have been able to successfully scale their digital initiatives beyond the experimentation and piloting stages. “The reality is that digital business demands different skills, working practices, organizational models and even cultures,” says Marcus Blosch, research vice president at Gartner. Read more →

Innovation and speculation drive stock market bubble activity

A group of data scientists conducted an in-depth analysis of major innovations and stock market bubbles from 1825 through 2000 and came away with novel takeaways of their own as they found some very distinctive patterns in the occurrence of bubbles over 175 years. The study authors detected bubbles in approximately 73 percent of the innovations they studied, revealing the close relationship between innovation and stock market bubbles. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

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

Winter Simulation Conference
Dec. 9-12, 2018, Gothenburg, Sweden

OTHER EVENTS

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


Advancing the Analytics-Driven Organization
Sept. 17-20, 12-5 p.m. LIVE Online


The Analytics Clinic: Ensemble Models: Worth the Gains?
Sept. 20, 11 a.m.-12:30 p.m.


Predictive Analytics: Failure to Launch Webinar
Oct. 3, 11 a.m.


Advancing the Analytics-Driven Organization
Oct. 1-4, 12 p.m.-5 p.m.


Applied AI & Machine Learning | Comprehensive
Oct. 15-19, Washington, D.C.


Making Data Science Pay
Oct. 29 -30, 12 p.m.-5 p.m.


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