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What is analytics and how does it relate to Operations Research?
I was just reading an article on the INFORMS Analytics section, intriguingly titled Analytics, OR and INFORMS - Where the three meet. I am responsible for the Analytics department... Read more
(Selected articles that ran in previous issues of Analytics that merit a second look.)
"Analytics & the future of healthcare" by Peter Horner and Atanu Basu
Market-driven reform is already shifting emphasis from volume to value as industry leaders weigh in on what’s next.
What’s Next for Watson?
The impact of Watson, the IBM computing system that competed against the two greatest Jeopardy! champions of all time, will be felt far beyond the game show. This technology could have significant effect on business, government and society.
Stephen Baker, author of “Final Jeopardy, Man vs. Machine and the Quest to Know Everything,” discusses Watson's performance on Jeopardy! and the possible real-world applications of this technology with the following panelists: IBM Watson Principal Investigator Dr. David Ferrucci, IBM Fellow and CTO of IBM's SOA Center for Excellence Kerrie Holley and Columbia University Professor of Clinical Medicine Dr. Herbert Chase. To see the video, click here.
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IU Kelley School and Indian Institute of Management-Lucknow announce business analytics program
As a result of a partnership between Indiana University's Kelley School of Business and the Indian Institute of Management-Lucknow, two selective, graduate-level, yearlong certificate programs in the emerging field of business analytics and global strategy will be available to about 100 students. Read more
Big Data and Analytics featured at Sensors Expo & Conference
he explosion of digital data created by mobile sensors, social media, surveillance, medical imaging, smart grids and more, combined with new tools for analyzing it all, has increased the opportunity to generate value and insights from this big data. Read more
Leading MS research center uses analytics to improve patient care
Researchers from The State University of New York (SUNY) at Buffalo are using IBM analytics technology to study more than 2,000 genetic and environmental factors that may contribute to multiple sclerosis (MS) symptoms. As part of the initiative, researchers will tap into IBM's analytics technology to develop algorithms for big data containing genomic datasets to uncover critical factors that speed up disease progression in MS patients. Read more
Revenue Analytics announces winners of 8th Annual Revenue Optimization Challenge
Revenue Analytics announced the winners of the 8th Annual Revenue Analytics Revenue Optimization Challenge at The Georgia Institute of Technology in Atlanta. Read more
NYU Stern announces new Masters in Business Analytics
New York University Stern School of Business has announced a new Master of Science in Business Analytics that will be offered in Shanghai and at the School's Washington Square campus beginning May 2013. Read more
TNT Express wins 2012 Edelman Award from INFORMS
TNT Express, headquartered in Hoofddorp, Netherlands, won the 2012 Franz Edelman Award for Achievement in Operations Research and the Management Sciences. TNT Express used operations research to modernize its operations, resulting in more than 200 million euros in savings while simultaneously reducing the company’s carbon footprint. Read more
INFORMS salutes analytics achievement
While the Edelman topped the list of award presentations at the awards gala held in conjunction with 2012 INFORMS Conference on Business Analytics & Operations Research, the Institute handed out several other coveted prizes during the event in recognition of outstanding analytical work. Read more
Health plans invest in trigger-based communications with focus on health and wellness
More than 50 percent of health plans will invest in trigger-based communications to prompt consumers to take action, according to a new IDC Health Insights research study commissioned by Pitney Bowes Software, a global leader in customer data, analytics and communications management. Trigger-based communications use data analytics to detect a consumer's current status and automatically initiate relevant communications to inspire consumer action. Read more
New FICO solution accelerates ROI for insurance analytics
FICO, provider of analytics and decision management technology, recently launched a new solution aimed at improving the ROI for predictive models used in insurance. Read more
Research illustrates salaries for analysts across the U.S.
The Digital Analytics Association (DAA), formerly known as the Web Analytics Association (WAA), released an infographic that provides a breakdown of digital analytics professionals' salaries across the United States. In the midst of a recession, the starting salary for a digital analyst across key geographic locations is $60,800. Read more
Math can help Olympic champ run faster
Olympic sprint champion Usain Bolt can achieve faster running times with no extra effort on his part or improvement to his fitness, according to a study recently published in Significance, the magazine of the Royal Statistical Society and the American Statistical Association. Read more
Making the grid smarter with analytics
With more demands on the energy grid than ever before, the 2012 Grid Analytics Report from the Utility Analytics Institute, a division of Energy Central, provides meaningful intelligence to help utility industry executives manage distribution, optimize management of assets and drive innovation. Read more
IBM aims analytics at vital business issues
IBM recently announced new consulting services and software that take the power of predictive analytics to new levels of impact for the highest-priority issues of C-suite decision-makers. The new analytic offerings address the emerging opportunities of big data to manage financial operations, decrease fraud and nurture next-generation customer relationships. Read more
Industry News
Lavastorm Analytics launches free software for business analysts
On May 16, Lavastorm Analytics announced the availability of Lavastorm Desktop Public, a free edition of the company's award-winning Lavastorm Desktop analytic software. Unrestricted availability of Lavastorm Desktop Public puts discovery-driven, audit analytic capabilities at the fingertips of any business analyst, data professional and IT worker in the world. Read more
Predictive Analytics product for workers' compensation introduced
Property and casualty insurance predictive analytics provider Valen Technologies recently announced a new customer engagement with CompWest Insurance Company. Read more
IBM to buy analytics-software maker Tealeaf
International Business Machines Corp. agreed to acquire analytics-software provider Tealeaf Technology Inc., continuing the expansion of its Smarter Commerce initiative. Read more
Creator of SYSTAT introduces ‘next-generation’ analytic software
Advise Analytics Inc., a Chicago-based scientific software company, launched a new expert system for statistics called AdviseStat. AdviseStat is an intelligent analytics advisor. Unlike most statistics software that rely on the user’s expertise to analyze data correctly, AdviseStat decides on the user’s behalf how best to analyze the data it’s given. Read more
IBM advances Big Data Analytics with acquisition of Vivisimo
IBM announced this week a definitive agreement to acquire Vivisimo, a leading provider of federated discovery and navigation software that helps organizations access and analyze big data across the enterprise. Read more
Adobe adds cross-visit analytics to Digital Marketing Suite
Adobe Systems Incorporated has unveiled the addition of cross-visit analytics and other cutting-edge capabilities to Adobe® Discover, an advanced analytics and segmentation solution within the Adobe Digital Marketing Suite. Read more
May 22-23
Data Science Summit 2012
Las Vegas
June 12-13
8th Annual The Text Analytics Summit
Boston
June 25-26
Predictive Analytics World June 2012 for Business
Chicago
June 24-27, 2012
INFORMS International Meeting Beijing 2012
Beijing, China
Sept. 17-18
Predictive Analytics World for Government
Washington, DC
“We are making fact-based decisions in less time with more accuracy and less emotion. It took an edict from the top to make it happen, and we had to learn that being directionally correct is good enough and to accept the ‘80/20 rule’ for completeness of information.”
- Kathy Chou, vice president, Sales Strategy & Operations, Hewlett-Packard.
(Recent books of general interest to the analytics community.)
Final Jeopardy: Man vs. Machine and the Quest to Know Everything By Stephen Baker
Author Stephen Baker, who examined the analytical, data-driven, behind-the-scenes side of corporate decision-making in his 2008 book “The Numerati,” continues his exploration of the melding of man and computer in the never-ending search for more knowledge in his latest book, “Final Jeopardy: Man vs. Machine and the Quest to Know Everything.”
