Jan/Feb 2015

FEATURED ARTICLES

Jan/Feb 2015 Analytics

DEPARTMENTS

Inside Story

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Prediction – Big year for analytics

Happy New Year! ’Tis the season to be making predictions about what the future holds for the analytics profession, and who better to do that than a trio of experts in predictive analytics who contributed their insights to this issue of Analytics magazine?

Analyze This!

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Thoughts on collaboration and communication

I recently spent an afternoon visiting the Bay Area Advanced Manufacturing hub. Located in a long-shuttered auto manufacturing plant, BAAM brings together a dozen or so companies that are all engaged in activities that involve 3D printing, a world that has been growing rapidly for the last several years, albeit from a small base. Filling a large industrial space that has been largely empty for decades (the bottom floor was converted into a strip mall sometime in the 1980s), the BAAM hub features a variety of firms, including developers of 3D scanners, 3D design firms, companies specializing in material procurement and recycling, a 3D design software training firm, and a full service production house for complex physical items.

What's Trending

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Top 5 analytics predictions for 2015

2014 proved to be a winning year for analytics. Going by the number of conferences devoted to the topic of analytics and attendance, including this year’s record-breaking INFORMS Annual Meeting in San Francisco, all indications are that it will continue to prosper. Here I present five of the most important predictions regarding analytics capabilities for 2015.

Healthcare Analytics

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What to expect in 2015

In my last article I reviewed the key achievements, opportunities and challenges facing the healthcare analytics industry in 2014. In this first article of 2015, I will share some of the anticipated developments in the marketplace that will impact the nascent industry.

Viewpoint

Cloud analytics works for me

When you have an ad hoc analytical project, internal IT dependency usually comes your way. Until a few years back, we had to accommodate and account for it in our delivery timelines. In today’s world, we can avoid this altogether by opting for public cloud analytics.

Forum

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CAP – How to become a modern-day analytics journeyman

Certification has roots in medieval craft guilds, which established standards, set ethical guidelines for practice and functioned as professional associations. The Institute for Operations Research and the Management Sciences (INFORMS) is the largest professional society in the world for analytics, operations research and management science. INFORMS’ Certified Analytics Professional (CAP®) Program is an effort to establish standards and set guidelines. Certainly the practice of analytics is a craft, requiring special skills in its execution. Let me explain, and maybe by the end you’ll be interested in getting certified yourself.

INFORMS Initiatives

Edelman Award, continuing education, IAA finalists

INFORMS recently announced six finalists representing a diverse collection of applied analytics and advanced operations research projects that will compete for the 2015 Franz Edelman Award in a series of judged presentations at the INFORMS Conference on Business Analytics & Operations Research in Huntington Beach, Calif., in April.

Newsmakers

Lumina, Chevron earn DA honors

Lumina Decision Systems, led by CEO Max Henrion, won the 2014 Decision Analysis Practice Award co-sponsored by the Decision Analysis Society of INFORMS and the Society of Decision Professionals for the project titled “A Multi-attribute Decision Analysis for Decommissioning California’s Offshore Oil Platforms.” Co-authored by Brock Bernstein and Syya Swamy, Henrion delivered the award-winning presentation at the 2014 INFORMS Annual Meeting in San Francisco in November.

Conference Preview

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Business Analytics and O.R. Conference set for Huntington Beach

INFORMS will return to Huntington Beach, Calif., for the 2015 INFORMS Conference on Business Analytics and Operations Research, which will be held April 12-14 at the Hyatt Regency Resort & Spa. The conference, with the breadth of its coverage and the depth and quality of its presentations, should be of great interest to practitioners of analytics and operations research, whether they work in the public sector or private industry. It will also appeal to academics who are training future analytics practitioners or have research interests that would benefit from exposure to cutting-edge work in industry and government.

Five-Minute Analyst

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Battleship

I had the opportunity to play Battleship with two boys in my family. For those who may not be familiar, Battleship is a board game played in two stages. First, each player places their fleet of five ships covering a total of 17 squares on a 10×10 grid without their opponent seeing. Ships may be placed along rows or columns but not diagonals. Then, players call out grid squares to “shoot” at, and the other player reports if it is a “hit” or a “miss.” It is presumed that the players are honest. The research question is: How can we tell if another player is being dishonest? (Note: this project was much more fun than I expected it to be!)

Thinking Analytically

Electrifying

A new city is being built that will include 20 distinct neighborhoods as shown by the house icons in the map. As part of the planning process, electricity needs to be connected to each of the neighborhoods.

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