Analytics Section of INFORMS NewsStudent Analytical Scholar Case Study Competition
INFORMS will once again offer the Student Analytical Scholar Competition, a scholarship program that will send the winning recipient to the 2016 INFORMS Conference on Business Analytics and Operations Research. Supported by SAS and sponsored by the Analytics Section of INFORMS, the competitive program will recognize one outstanding student who would like to learn more about the practice of analytics at the conference in Orlando, Fla., April 10-12, 2016. The scholarship covers the cost of attending the event and additional networking opportunities.Read More
Analytics Section of INFORMS NewsSyngenta Crop Challenge
A new award for 2016, the Syngenta Crop Challenge addresses the need to feed an increasing world populationwith decreasing land devoted to agriculture. To improve the productivity of the agricultural land available, farmers need to make good seed variety planting decisions, taking into consideration local soil conditions and unpredictable weather patterns.Read More
Analytics Section of INFORMS NewsInnovative Applications in Analytics Award
The IAA Award recognizes creative and unique developments, applications or combinations of analytical techniques used in practice. The 2015 winner, Mayo Clinic, gave a reprise of their winning presentation entitled “Intelligent Surgery Scheduling” at the INFORMS Annual Meeting. During the business meeting, Pooja Dewan, 2015 Award Chair, presented the award to Dr. Kalyan Pasupathy, representing Mayo Clinic.Read More
Gartner: Nearly one-third of organizations to use cloud
Nearly one-third of organizations either already use or plan to use cloud or software-as-a-service (SaaS) offerings to augment their core business intelligence (BI) functions, according to Gartner, Inc.
According to a survey of 1,364 IT managers and business users of BI platforms in the fourth quarter of 2011, only 17 percent of organizations have replaced or plan to replace parts of their core BI functions with cloud/SaaS offerings. However, 27 percent already use or plan to use cloud/SaaS options to augment their BI capabilities for specific lines of business or subject areas in the next 12 months.
“Business users are often frustrated by the deployment cycles, costs, complicated upgrade processes and IT infrastructures demanded by on-premises BI solutions,” says James Richardson, research director at Gartner. “SaaS- and cloud-based BI is perceived as offering a quicker, potentially lower-cost and easier-to-deploy alternative, though this has yet to be proven. It’s evident that, despite growing interest, the market is confused about what cloud/SaaS BI and analytics are and what they can deliver.”
Gartner has identified three major drivers for the adoption of cloud/SaaS offerings for BI, analytics and performance management:
Time to value: The use of SaaS BI may lead to faster deployment, insight and value, particularly where IT is constrained by existing work and/or limited budget so that it cannot respond to demands for information and analysis as quickly as the business requires.
Cost concerns: The cost dynamic differs between on-premises and SaaS models. Software purchased as a service can usually be expensed, rather than capitalized, on the balance sheet. Buyers often think that SaaS is cheaper, but the reality is that this is unproven. Gartner's cost models show SaaS can be cheaper over the first five years, but not thereafter. The long-term benefits lie elsewhere – in terms of cash flow, reduced IT support costs, etc.
Lack of available expertise: SaaS analytic applications offer prebuilt intellectual property that can help firms work around a lack of the skills needed to build their own analytic solutions.