INFORMS International Conference
Introduction to Monte Carlo and Discrete-Event Simulation
San Jose, CA
Essential Practice Skills for High-Impact Analytics Projects
Special Articles2017 Syngenta Crop Challenge in Analytics offers $5,000 prize
Put your analytics skills to the test and win $5,000 in the 2017 “Syngenta Crop Challenge in Analytics” administered by INFORMS and sponsored by the Analytics Society of INFORMS.Read More
Special ArticlesITIF: Expand computer science education to keep up with demand
Computer skills are in high demand among employers in a wide range of industries, not just tech-related fields, yet despite growing interest in the subject, a new report from the Information Technology and Innovation Foundation (ITIF) finds that too few U.S. students are taking quality computer science classes at the high school and university levels. ITIF makes the case for public action to support and maintain the groundswell of interest in computer science and capture the economic and social benefits that will come from fostering a more highly skilled workforce.Read More
Industry NewsFICO rolls out Decision Management Suite at Shell Chemical
Analytics software firm FICO recently announced the rollout of the FICO Decision Management Suite for plant-wide operational controls at Shell across its chemical plants around the globe. The advanced optimization capabilities of the FICO Xpress Optimization Suite, part of the Decision Management Suite, help plan asset utilization and maintenance requirements of the plants while improving plant stability and profitability.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.