Mar/Apr 2016

FEATURED ARTICLES

March 2016 Analytics

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Understanding smart technology – and ourselves

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Part 6: The Unknown Knowns of Smart Automation: The Machine Mind

Our next stop in the examination of smart technology explores the issues on the edge with respect to the machine and man’s relation to machine.

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DEPARTMENTS

Inside Story

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Cloud: sky’s not the limit

In the beginning, there was data. Then along came “analytics” to try and make sense of, and ascertain insight from, the data. Then in rolled “big data,” a tsunami of data of such grand proportions that most folks crowned it “Big Data,” with capital letters, in a show of respect for its massive size. Big Data, in turn, begot the “data scientist” – the golden child of the Analytics Age and the Internet of Everything. And now, behold, “cloud computing”: Internet-based, networked computing that promises to give Big Data a virtually unlimited roomy place to call home and to give analytics a seemingly ideal environment in which to work.

Executive Edge

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Cloud analytics: a disruptive technology

At the fall 2010 INFORMS Annual Meeting, I organized an INFORMS Roundtable session focused on cloud computing. Speakers from Microsoft, IBM, RightScale, Gurobi Optimization and Frontline described their work with cloud-based analytics. Almost five years later in May 2015, Gartner issued a “Market Guide for Optimization Solutions,” which asserted that, “despite very few cloud deployments today, most platform vendors are moving to cloud.” Was this accurate? In early 2016, just how prevalent – and how practical – are cloud-based analytics applications?

Analyze This!

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Quiet storm brewing outside ivory tower

All of our MBA students at the University of San Francisco are required to take a course entitled “Spreadsheet Modeling and Business Analytics” [1] that has become very popular. A few years ago, students began to clamor for more analytics courses to follow up on this one.

Forum

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Quiet period in healthcare analytics: lull before the storm?

A somewhat quiet period is continuing in the healthcare analytics market. At the end of February the annual conference of the Healthcare Information Management System Society (HIMSS) will take place in Las Vegas. Health IT companies and tens of thousands of attendees will congregate around the key theme of the event, “healthcare analytics and the rise in big data in healthcare.” I will provide coverage of HIMSS in my next column. In this article I will highlight a few new developments in the healthcare analytics space, which are both interesting and promising.

INFORMS Initiatives

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ACB, continuing education & more

Polly Mitchell-Guthrie of SAS and Jack Levis of UPS will serve as chair and vice chair, respectively, of the 2016 Analytics Certification Board (ACB) following their election by INFORMS members and CAP designees.

Forum

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Data deluge problem for the oil and gas industry

Can too much data be a problem? I believe we all can agree that an abundance of anything, especially data, can become an issue at some point. The oil and gas industry, which is a veteran data generator, is no exception to the issue, and data growth is posing serious questions. However, now that the issue is identified, the next step is to find a way to deal with it as efficiently as possible. Too much data is a matter of perspective, and this challenge can be viewed as an opportunity – an opportunity to explore new avenues of growth.

Viewpoint

Is analytics really new?

Data analytics is now the craze. From the “sexiest” job (“data scientist”), as previously indicated by the Harvard Business Review, to the overabundance of demand vs. supply of data scientists, organizations are clamoring to tap the expertise of business analytics professionals and data scientists to look for insightful trends and improve organizational decision-making.

Conference Preview

INFORMS International Conference heading to 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.

Five-Minute Analyst

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St. Powerball Paradox

I've been somewhat swept away with “lottery fever” the past few weeks. It hits at my house doubly, because we’re all interested in dreaming about “hitting it big,” but it’s professionally interesting for me as well. I always seem to find myself at the intersection of human behavior and advanced mathematics.

Thinking Analytically

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Toy builder

As a toy builder you enjoy making toys for both fun and profit. For your latest production batch, you need to decide how many of each toy to make. The three types of toys you make are airplanes, helicopters and cars as shown in Figure 1.

Healthcare Analytics

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Year-end review reveals many positive developments around the globe in healthcare industry

In the last few articles I tried to put the spotlight on new developments in healthcare around the world. As we are getting closer to the end of 2019, I am energized to see positive movements in the healthcare analytics and health information technology space continuing worldwide. Let’s look at what is happening at home first.

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