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Updated: Friday 06 May 2016, 18:08

Headlines

Carnegie Mellon schools receives UPS George D. Smith Prize

The School of Information Systems & Management and the School of Public Policy and Management at the H. John Heinz III College, Carnegie Mellon University, received the 2016 UPS George D. Smith Prize from INFORMS. The award recognizes excellence in preparing students to become practitioners of analytics and operations research. Read more

General Motors awarded INFORMS Prize

General Motors awarded INFORMS Prize

The Institute for Operations Research and the Management Sciences (INFORMS), the leading association for analytics professionals, announced that General Motors, which is using big data and advanced analytics to predict failure of certain automotive components and systems before customers are affected, is the winner of the 2016 INFORMS Prize for operations research and management science. Read more

IBM, Univ. of Illinois to pioneer next-gen cognitive computing systems

IBM Research announced plans for a multi-year collaboration with the University of Illinois Urbana-Champaign to create the Center for Cognitive Computing Systems Research (C3SR), which will be housed within the College of Engineering on the Urbana campus. Opening in the summer of 2016, the C3SR will integrate and advance scientific frontiers in both machine learning and heterogeneous computing systems optimized for new cognitive computing workloads. Read more

UPS wins 2016 Edelman Award for O.R. achievement

UPS wins 2016 Edelman Award for O.R. achievement

The Institute for Operations Research and the Management Sciences (INFORMS) named UPS as the winner of the 2016 Franz Edelman Award for Achievement in Operations Research and the Management Sciences at an Oscar-like gala held in Orlando, Fla., in conjunction with the INFORMS Conference on Analytics & Operations Research. The award, considered the “Super Bowl of Operations Research,” honored UPS’s On-Road Integrated Optimization and Navigation (ORION) project that demonstrated how operations research (O.R.) can be used to realize hundreds of millions of dollars in cost savings. Read more

‘Gamified’ MBA program aims to better engage biz students

‘Gamified’ MBA program aims to better engage biz students

Two Purdue graduate students are developing a gamified MBA program that teaches business concepts in an immersive, fantasy environment. The software platform aims to provide a more engaging, integrated, bite-sized alternative to traditional MBA courses. Read more

No credit? Need a loan? No problem with financially responsible Facebook friends

No credit? Need a loan? No problem with financially responsible Facebook friends

When it comes to getting a loan – even for those without a credit history – it helps to have financially responsible friends on one’s social network, according to a new study forthcoming in the INFORMS journal Marketing Science. Read more

Analytics Society of INFORMS

Welcome to the Analytics Society!

The Analytics Section has become INFORMS’ newest society, and we are now the Analytics Society of INFORMS. Achieving society status recognizes our significantly increased membership base and our vastly expanded scope of activities, all of which were on display at the 2016 INFORMS Conference on Business Analytics & Operations Research in Orlando, Fla. We are still the fastest growing subdivision of the Institute! Read more

Innovative Applications in Analytics Award

The Innovative Applications in Analytics Award (IAAA), which recognizes creative and unique developments, applications or combinations of analytical techniques used in practice, has garnered significant interest in its brief life. The IAAA for 2016 was awarded to an MIT-led team for its submission entitled, “An Analytics Approach to the Clock Drawing Test for Cognitive Impairment,” during the recent INFORMS Conference on Analytics & Operations Research in Orlando. Fla. Read more

Stanford team wins Syngenta Crop Challenge

Stanford team wins Syngenta Crop Challenge

Syngenta and the Analytics Society of INFORMS named Xiaocheng Li, Huaiyang Zhong and associate professors David Lobell and Stefano Ermon – a team from Stanford University – as the winners of the inaugural Syngenta Crop Challenge in Analytics. The team was awarded a $5,000 prize for their entry, “Hierarchy modeling of soybean variety yield and decision making for future planting plan,” which modeled a system for predicting soybean seed variety selection. Read more

INFORMS Initiatives

INFORMS International Conference set for Hawaii

The 2016 INFORMS International Conference will take place on June 12-15 at the Hilton Waikoloa Village Resort on the Kohala Coast in Waikoloa, Hawaii. The invited tracks will span the full range of emerging topics from global supply chains to social networks, and all aspects in between. The informative program is designed to educate attendees on current advances that are at the cutting edge of the field anywhere in the world. Through a series of diverse speakers, panels, tutorials and structured networking, the conference will offer attendees a forum for rich intellectual exchange on a broad range of OR/MS applications. Read more

It’s CAP certification renewal time

No one should bother to renew or bother to read this if they can guarantee they’ll stay in the same job with the same people for the same company doing the same thing in the same way for the same pay. If any of these varies or has the potential to vary, then renewal is indicated. It’s worth it. Renew now because if you don’t, you may have to take the exam again especially if one or more of the preceding conditions changed. Renewal is definitely less hassle and it costs less money, not to mention the wear and tear it... Read more

Teaching at the heart of INFORMS Continuing Education

When INFORMS set out to create its Continuing Education program, it put educators at the center of the development. Anyone who has ever sat through a dry lecture disguised as a professional development course knows that a good instructor can make all the difference. INFORMS Continuing Education instructors understand that. Take, for example, James Drew, instructor for the “Foundations of Modern Predictive Analytics” workshop. Read more

INFORMS launches comprehensive website on university analytics programs

INFORMS launches comprehensive website on university analytics programs

Students searching for the right analytics graduate program, business people seeking to hire analytics talent, analytics professors developing syllabi, and deans developing analytics programs have all shared one common challenge – a lack of a unified and comprehensive way to find data sets and problems and research the rapid changes, offerings and opportunities in analytics education. Until now. Read more

Industry News

U.S. Dept. of Energy expands its use of AIMMS

The U.S. Department of Energy has chosen to expand its use of AIMMS for its NEMS Electricity Market Module, a model that determines the most economical way to supply electricity, within environmental and operational constraints, based on fuel prices and electricity demands. ?AIMMS has been used to implement several component models of the National Energy Modeling System since 2012. Read more

Frontline Systems releases Analytic Solver Platform V2016-R2

Frontline Systems is shipping a new product line release, Version 2016-R2 of its Solvers for Excel, including its flagship integrated product, Analytic Solver Platform, and its “professional entry-level” integrated product, Analytic Solver Pro. The release includes wide-ranging enhancements in Monte Carlo simulation and optimization technology, plus the ability to convert Excel analytic models into freestanding web and mobile applications. Read more

More News >>

Instant Replay

(Selected articles that ran in previous issues of Analytics that merit a second look.)

"Consulting: 18 things nobody tells you about solo practice"
by
Doug Samuelson

Quotable

predictive analytics cloud data“There’s a natural synergy between the cloud and analytics. The cloud allows you to scale out horizontally easily and quickly, which in turn enables you to look across silos of data to identify developing trends.”

– Dave Hirko, co-founder of the consulting firm B23, in his article  “Predictive analytics in the cloud: It’s all about the data” in the March/April issue of Analytics magazine.


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