The INFORMS Analytics+ Conference showcased how companies are turning advanced analytics and AI into measurable operational results
In most emergency departments, beds are a hot commodity. But some patients don’t actually need a bed for their treatment – and accurately identifying those people is a low-lift but effective way to increase efficiency without sacrificing care quality, finds a study recently published in the journal Management Science.
The researchers developed a simple decision tree, informed by mathematical and machine learning models, to help staff decide whether a patient truly needs a bed or can be routed to a “vertical processing pathway” – that is, an area where they can be treated sitting up. Many hospitals already have such an area but don’t necessarily have a systematic way to decide which patients are treated there.
Diversity alone won’t get the votes for funding public education. It takes communities that are more integrated and connected, where residents have a sense of shared stake.
An audio journey of how data and analytics save lives, save money and solve problems.
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CATONSVILLE, MD, February 10, 2016 – What do irritable, squished riders on a crowded subway train do? According to a forthcoming study in the INFORMS journal Marketing Science, they often immerse themselves in their mobile phones to escape the crowd, and that they shop and buy more in response to mobile ads in the crowded train.
Analytics ManagerJob Openings982Median Base Salary$105,000Career Opportunity3.7Job Score4.5Data ScientistJob Openings1,736Median Base Salary$116,840Career Opportunity4.1Job Score4.7
Data scientist, named the best job in America for 2016 by job site Glassdoor, is the sexy mashup of traditional careers from data analysis, economics, statistics, computer science and others.
But it goes beyond collecting and analyzing data. It's a job for the curious, for the intuitive and for those who like to not just solve problems but figure out the problem. It's part science, part art.
The rise of data science is due to the explosive growth of data collection — or big data — and the need for companies to make sense of the mishmash of new types of data from smartphones, images, human behavior and even handwriting.
An established code of ethical behavior for analytics professionals already exists.
That code is part and parcel of the Certified Analytics Professional Program (CAP) – a highly regarded professional certification for analytics practitioners managed by INFORMS – the largest international association of professionals in analytics and operations research.
Among other things, the code establishes certain standards for those who call themselves analytics professionals and guidelines for how they should behave and be judged by their peers and employers.
The operations research profession is now #2 in business jobs, up from #4 in 2015. O.R. has also risen to 18 from 20 in the list of 100 best jobs.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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