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Analytics Magazine

Tag "business intelligence"

Eyes on the road: How automated analytics, not dashboards, help you detect significant business incidents

Car dashboards are simple visual indicators of a complex machine with many parts that performs a high-stakes task in a context of many overlapping, conflicting rules and goals: personal convenience, safety, minimum travel time, courtesy to other drivers and so on. The speedometer, perhaps one of the most important indicators, serves one key purpose: to show how fast you’re going, mainly so you avoid getting a ticket. Often the biggest indicator on the display, its job is not to teach the physics of motion or of many-body collisions (although if you stare only at the speedometer, you will certainly gain firsthand experience in the latter), but to give you just enough information to remain compliant with one of the main rules of the road.

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Data Analysis & Modeling Tools: Leveraging big data for better business decisions

    Data Analysis & Modeling Tools: Leveraging big data for better business decisions

Working with big data is fast becoming a key step in the process of scientific discovery and engineering. This is happening as technologies such as smart sensors and the Internet of Things (IoT) are enabling vast amounts of detailed data to be collected from scientific instruments, manufacturing systems, connected cars, aircraft and other systems.

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Making analytics work through practical project management

    Making analytics work through practical project management

On one end of the spectrum, labeled “Do Stuff,” organizations focus on action taking, a laissez-faire approach to project management, with little documentation and loosely defined deliverables, timelines and budgets. On the other end, labeled “Buttoned Up,” organizations take a disciplined approach to planning, monitoring and executing projects, with documentation and carefully defined deliverables, schedules and budgets. This approach is common among consulting groups by necessity, since clients insist on having answers to the 3 key questions of project management: what is to be delivered, when and at what cost?

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Forum: A conceptual framework for BI/analytics strategies

Business intelligence (BI) and analytics programs are among the “hottest” curricula being developed at universities and colleges worldwide. Definitions vary on what entails business intelligence or analytics, and there doesn’t seem to be a universal BI/analytics conceptual framework that is being used by organizations and universities to develop their BI/analytics strategy and associated roadmap. To provide some clarity and based on research and best practices in the field, I developed the BI/Analytics Conceptual Framework as shown in Figure 1.

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Marketing Metrics: Leveraging predictive analytics to estimate customer lifetime value

    Marketing Metrics: Leveraging predictive analytics to estimate customer lifetime value

Customer lifetime value (CLV) is not a new tool for marketers. Its application has been used for decades to understand a customer’s financial value.

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Predictive Modeling: ‘Ensemble of Ensemble’

    Predictive Modeling: ‘Ensemble of Ensemble’

November/December 2015 Meet the new nominal in predictive modeling By Anindya Sengupta Accurate prediction of the future is the most

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C-suite executives see ‘uberization’ as main threat

    C-suite executives see ‘uberization’ as main threat

The trend of “uberization” or industry disruption caused by an unlikely competitor has become a dominant concern of the C-suite, finds a new IBM study. In just two years, the percentage of C-suite leaders who expect to contend with competition from outside their industry increased by more than a quarter, rising from 43 percent in 2013 to 54 percent today.

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SAS named a top employer in Russia

High levels of engagement, from rank-and-file employees all the way up to senior management, naturally result when you combine excellent working conditions, trust in management, an impeccable reputation in the market and good prospects for career growth and learning. These and other factors helped SAS Russia/CIS achieve a No. 3 ranking on the list of “Best Employers in Russia” for 2013.

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TARGIT awarded U.S. patent for business analytics technology

TARGIT, a developer of business intelligence and analytics solutions for businesses worldwide, has been awarded its seventh U.S. patent. The patented hyper-relations technology, which is at the heart of TARGIT’s Decision Suite software, enables users to navigate seamlessly from static reports to dynamic analyses with only a single click.

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Survey: Huge gap between IT pros and BI users

When it comes to how information technology professionals view users of business intelligence (BI), most think users have little knowledge of BI projects, often don’t know what they want from BI, are unschooled on BI technology and practices, yet tend to be very adamant about their BI needs, according to a recent survey by LogiXML, a pioneer of Web-based BI software.

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Headlines

FCC wins 2018 INFORMS Edelman Award

The Federal Communications Commission (FCC) won the 2018 Franz Edelman Award for its use of operations research (O.R.) as part of a revolutionary approach to address the rapidly growing need for additional wireless spectrum in the United States and Canada. The prestigious award, which recognizes outstanding achievement in advanced analytics, O.R. and management science, was presented by INFORMS at the Edelman Gala held April 16 in Baltimore in conjunction with the 2018 INFORMS Conference on Business Analytics and Operations Research. Read more →

BNSF Railway receives 2018 INFORMS Prize

BNSF Railway was awarded the 2018 INFORMS Prize for its pioneering and enduring integration of operations research (O.R.) and analytics programs throughout the organization. The prize was presented at the Edelman Gala held April 16 in Baltimore in conjunction with the 2018 INFORMS Conference on Business Analytics and Operations Research. Read more →

Ethics article earns Mission Award from Notre Dame

An article co-authored by Scott Nestler and David Hunt, both longtime and active members of INFORMS, was named a winner of the Mission Award from the Mendoza College of Business at the University of Notre Dame. The article, “Using INFORMS ethics guidelines in the classroom,” appeared in the February 2017 issue of OR/MS Today (the INFORMS membership magazine). The Mission Award recognizes one or more Notre Dame faculty members for a specific research work that contributes to the common good. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2018 INFORMS Conference on Business Analytics and Operations Research
April 15-17, 2018, Baltimore

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