Is Voting for President Random?

Predicting the way Americans are going to vote is a dangerous business. That said, a cursory look at the past 24 U.S. presidential elections (going back to 1928) might lead one to believe that the electorate tends to “randomly” (in a statistical sense) select their president.

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LATEST NEWS

The Analytics Certification Board (ACB) recognizes that there have been significant changes within the education and training in analytics. As the leader in credentialing for analytics professionals, the ACB recently approved changes for the eligibility pathway and examination process for the Associate Certified Analytics Professional (aCAP) certification – the stepping stone to the elite Certified Analytics Professional (CAP).

Submissions are now open for the 2023 Franz Edelman Award for Achievement in Advanced Analytics, Operations Research, and Management Science competition. We invite you to check out this link on the requirements and instructions on how to enter the competition. The submission deadline is October 1, 2022.

There are only a couple more months before the 2022 INFORMS Annual Meeting! There is an exciting lineup of sessions sponsored by the Practice Section, showcasing outstanding applications of operations research, management science, and advanced analytics in practice.

Do You Need a Prediction or a Prescription?

Machine learning and predictive analytics immediately capture the imagination as people try to figure out how to use data to grow their business. “What would we do differently if we knew what was coming?” is a common question in the world of data analytics. However, there are a number of challenges with this problem framing that often reduce the success of data projects. In this article, you will learn about some of those challenges and a better approach to leveraging data.

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SPONSORED CONTENT from Gurobi

Cryptocurrency: What is on the minds of our students?

Cryptocurrency is a hot topic in 2022. According to the 2022 Crypto Confidence Survey by The Voyager Team, one-third of Americans (37%) say that it is moderately or very likely that they will purchase cryptocurrency this year. With such movement in the crypto industry, an interesting research question for future crypto buyers is better understanding what is on the minds of students in the U.S. regarding cryptocurrency.

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Writers Wanted!

Want your work to reach thousands? Analytics Magazine needs you - industry exerts with a knack for storytelling. Submit your article or topic idea here!

Analytics magazine is always looking for industry experts and thought leaders who want to share their insights and stories with our 10,000+ community. Have a topic suggestion, author suggestion, or both? Fill out the magazine content submission form and the editor will reach out! Thanks for your support!

The MLOps Stack is Missing a Layer

Productionizing machine learning models is complex, and MLOps (machine learning operations) practitioners have rightly looked to software engineering processes as a blueprint, seeking to adapt traditional development and IT operations (DevOps) thinking to the particular needs of ML. This has led to the emergence of an explosion of tools to streamline and automate various parts of the ML life cycle. Collectively, this vibrant, evolving and sometimes confusing set of tools constitutes the MLOps technology stack.

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ReCAP

Athipol Kruapong

Athipol Kruapong

Why did you become a CAP?

I am a quantitative modeling enthusiast who loves to understand modeling in project finance, engineering, risk and optimization in R&D. The CAP certification matches my interest and skill enhancement. The CAP exam preparation refreshed my statistical analysis and shows the breadth of machine learning and artificial intelligence. With this advantage, plus my current R&D job, CAP is one of the most targeted credentials.

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Data Science is Disrupting “Old School” Industries and Creating High Consumer Value

Data science is a critical tool used among many customer-service sectors from technology to big brands to retail. However, only recently has there been a growing awareness that “old school” service industries – as ubiquitous as the mom-and-pop car wash – offer an unprecedented opportunity for data science to unlock tremendous value.

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BLOG

Techniques for Accelerating Innovation

innovation techniques part 3

Part 3: The OODA Loop Approach to Innovation

This is the third in a series of articles exploring new approaches to innovation, and one compelling possibility was developed by military strategist John Boyd. Boyd created a strategy built around a cycle of observing, orienting, deciding and acting and called it the “OODA loop.” The principles he developed are broad enough to apply in many contexts, including becoming more innovative in our volatile, risky world.

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Brick by Brick – Analytics for Fundraisers

Basic math is hard for many people. Add chance-based decisions or probability math and you quickly cut down the number of people who won’t squirm in their seats. A good analyst can make a great impression on someone here, provided they can explain things in a way that makes sense to anyone. And building a quick decision tool can really help. Despite the reference to bricks in the title of this article, and much to the dismay of my kindergartner, this won’t be about Legos. Instead, I’m using a notional fundraiser idea that many organizations have utilized and, with proper planning, has been successful.

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ReCAP

Chris Guida

Chris Guida

Why did you become a CAP?

I had been in industry for five years and although I had good experience, I felt like I was missing a way to separate myself from other industrial engineers. In five years, I had come to understand and value methodical problem solving, client communication, applied statistics and modeling, and capturing the measured impact of a project. As I researched CAP, it quickly became clear that it was for practitioners of analytics. That was what I wanted to show I was capable of.

For more from Chris, click here.

DEPARTMENTS

Inside Story

Harnessing Data to Fight Inequity and Improve Industries

When I first started working at INFORMS, I had very little knowledge about operations research and management science. Ten years later, I’m still learning fascinating ways and unlikely industries that use analytics for better decision-making. This issue's articles show prominent examples.

Letter from the Analytics Society President

blue newsletter
Justice, Fairness and Adequacy in AI

It’s hard to believe that a year has gone by, and the 2021 INFORMS Annual Meeting in Anaheim where I took this role is far in the rearview mirror. In my final installment of this series, I’d like to talk about issues of justice and fairness, where we as a community of practice will be called upon to contribute – whether or not we intend to – and we are, in my opinion, woefully unprepared.

Analyze This!

Steps to Finding a “Super Mentor” to Get You through Your College Years

A few years ago, I read a study by researchers from Gallup and Purdue University that critically looked at the college experience and associated post-graduation outcomes . Rather than focusing only on financial earnings (a lagging and narrow measure of “success”), the study examined multiple response variables, including four-year graduation rates, workplace engagement, self-reported preparedness for life after college, and several metrics associated with different aspects of well-being (financial, physical, social, community and purpose) that prior research has shown to strongly correlate with long-term success.

Healthcare Analytics

The Slowdown in the Healthcare Industry: What Does It Mean for the Health Technology Market?

The recent inflation has not produced the price increases in the healthcare industry that we are seeing in other sectors. Prices of medical goods and services are set months in advance, so the post-pandemic shock has not resulted in higher prices. However, that could change if the situation persists for a longer period.

Five-Minute Analyst

No More Easy Outs: MLB’s Universal DH

Recently, Major League Baseball (MLB) finally put into place the universal designated hitter (DH). To those unfamiliar with baseball, the DH position in the batting lineup is a player whose sole purpose is offense. In the American League, teams have enjoyed having the role of a permanent DH to bat for their pitchers. The National League, until recently, required pitchers to bat. Here I use data to assess the impact of the universal DH change.

Click here for the full blog series Understanding smart technology - and ourselves by Joesph Byrum
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