Special ArticlesUBC’s Sauder School of Business receives UPS Prize
INFORMS awarded its prestigious UPS George D. Smith Prize to the Centre for Operations Excellence at the University of British Columbia’s Sauder School of Business. The UPS George D. Smith Prize is awarded to an academic department or program for effective and innovative preparation of students seeking to be practitioners of operations research. It is accompanied by a $10,000 cash award.Read More
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To dramatically advance the quality and effectiveness of personal healthcare, IBM is establishing a Watson Health Cloud that will provide a secure and open platform for physicians, researchers, insurers and companies focused on health and wellness solutions. The HIPAA-enabled Watson Health Cloud will enable secure access to individualized insights and a more complete picture of the many factors that can affect people’s health.Read More
Special ArticlesChevron wins INFORMS Prize for analytics excellence
The Institute for Operations Research and the Management Sciences (INFORMS), the leading association for analytics professionals, presented its 2015 INFORMS Prize for excellence in analytics and operations research to Chevron Corporation for its long and innovative history of applying analytics and operations research across the breadth of the worldwide energy company.Read More
Report: Interest in advanced analytics continues to rise
In its “2012 Business Intelligence, Analytics and Information Management Survey,” InformationWeek Reports found that interest in analytics in general, and advanced statistical and predictive analytics in particular, rose for the third year in a row.
The survey garnered data from 542 IT professionals.
The research showed that 73 percent of the IT pros surveyed say the desire to optimize business operations drives advanced analytics use, and 34 percent cite gaining competitive intelligence as goal of social media/social network analysis technologies.
Of those surveyed who use or plan to deploy BI, data analytics or statistical analysis software, 58 percent say they are very or extremely interested in advanced analytics. It came it at No. 1 among a dozen leading-edge technologies offered.
Other findings: 55 percent say the possibility of lower costs is driving their interest in software-as-a-service/cloud-computing-based BI/analytics; however, 63 percent have data security/privacy concerns. Another 46 percent cite data quality problems as the top barrier to adopting BI/analytics products enterprise-wide; just 9 percent say they have lower than expected analytic value.
Some 25 percent report they use mobile (smartphone- or tablet-based) dashboards/data visualizations to share BI/analytic insights, and 8 percent give every employee access to BI/analytics.
The report’s author, Doug Henschen, is executive editor of InformationWeek, where he covers the intersection of enterprise applications with information management, business intelligence and analytics.
“Information management continues to be a challenge for our respondents,” says Lorna Garey, content director of InformationWeek Reports. “In both this survey and our 2010 poll, 59 percent said employees have trouble accessing relevant, timely or reliable data. And this year, 40 percent say they're having trouble coping with rapidly increasing volumes of data and/or content, up 10 points from 2010.”
For more, visit: http://reports.informationweek.com.