Sexy job, sense of humor, slogan
By Peter Horner
They already have the sexiest job of the 21st century according to a Harvard Business Review article by Tom Davenport and D.J. Patil. Now, it turns out, data scientists also have a great sense of humor. Who knew?
The Institute for Operations Research and the Management Sciences (INFORMS) will hold exams for its Certified Analytics Professional program according to the following schedule:
Queens School of Business
Toronto, Ontario, Canada
Jan. 11, 2014
ITPG Education Center
Vienna, Va. (suburb of Washington, D.C.)
Jan. 29, 2014
University of Alabama
Business Analytics Symposium
March 6, 2014
Drexel University James E. Marks Intercultural Center
March 29, 2014
INFORMS Conference on Business Analytics and O.R.
Westin Boston Waterfront
June 21, 2014
INFORMS Conference on The Business of Big Data
San Jose Marriott
San Jose, Calif.
To apply, click on https://www.informs.org/Certification-Continuing-Ed/Analytics-Certification/Apply-for-Certification
For more information, click on https://www.informs.org/Certification-Continuing-Ed/Analytics-Certification
March 30 - April 1, 2013
2014 INFORMS Conference on Business Analytics & Operations Research
June 22-24, 2014
2014 INFORMS Conference on the Business of Big Data
San Jose, CA
December 15, 2013
AnyLogic Conference: Multimethod Simulation & Modeling
Special ArticlesOnline map illustrates importance of global competence for U.S. students
Nearly 1 million data points have been collected to prove what parents, businesspeople and policymakers already know: American students must be globally competent to succeed in the interconnected 21st century. “Mapping the Nation: Linking Local to Global,” a new online resource from Asia Society, the Longview Foundation for Education in World Affairs and International Understanding, and analytics leader SAS, makes a compelling case for a globally competent workforce and citizenry.Read More
Industry NewsTrade Extensions completes large pipeline project
The Trade Extensions sourcing and optimization platform recently completed its largest project ever. The project, sourcing all the elements associated with constructing a large European gas pipeline, highlights how e-sourcing and optimization are becoming the norm for large-scale projects.Read More
Industry NewsWi2, Accenture offer analytics services platform in Japan
Wire and Wireless Co., Ltd. and Accenture have launched an analytics services platform for consumer companies in Japan that delivers context-based customer insights and supports in the creation of new, personalized services. The platform will allow businesses across a range of consumer-facing industries to identify relevant target groups, better understand where and how these customers purchase products and services, and engage them on their mobile devices with tailored offerings and promotions.Read More
The sport of data science
How many analysts does it take to solve a problem?
That may sound like the start of a bad joke, but no one was laughing in 2006 when Netflix offered $1 million to anyone who could come up with a collaborative filtering algorithm that improved the performance of Cinematch (Netflix’s in-house software) by at least 10 percent. Cinematch predicts which movies Netflix customers like and makes movie recommendations to customers based on those predictions. The goal: boost customer satisfaction and retention along with sales.
Three years later, after receiving several thousand entries from more than 100 countries, a winner was announced, the $1 million prize was awarded and a cottage industry – online marketplaces for business projects where companies post challenges, provide data and offer prizes for the best solutions – took off.
While Netflix reportedly performed no formal cost-benefit analysis on the Netflix Prize, the company was clearly pleased with the results. At the time, Netflix CEO Reed Hastings said, “You look at the cumulative hours and you’re getting Ph.D.’s for a dollar an hour.”
In this month’s cover story, Margit Zwemer, a data scientist and community manager at Kaggle, provides an inside look at “crowdsourcing” – the concept that turns complex analytical problems into a competitive sport open to analysts, astrophysicists or anyone else who cares to submit a solution. As Zwemer notes in her article, the concept is not new; as far back as the 18th century, the British government offered more than £100,000 in prize money to anyone who could come up with simple and practical methods for measuring longitude to assist maritime navigation.
The Netflix Prize, however, helped turn crowdsourcing into a modern-day, mainstream corporate strategy. “Data research competitions are a resource-efficient way for organizations to solve complex data problems, and they create a meritocratic market for talent that changes the way analysts work,” Zwemer writes. Kaggle, an online platform for predictive modeling and analytics competitions, was one of many companies that jumped on the “crowdsourcing” bandwagon in the aftermath of the Netflix Prize. According to Zwemer, Kaggle boasts a worldwide online community of more than 40,000 data scientists and predictive analysts, competing under the slogan “making data science a sport.”