INFORMS NEWS: Innovative Applications in Analytics Award

A team led by Cynthia Rudin of MIT won the 2013 Innovative Applications in Analytics Award from the Analytics Section of INFORMS for the entry, “Analytics for Power Grid Distribution Reliability in New York City,” conducted in conjunction with researchers from MIT, Columbia University and Con Edison (one of the largest investor-owned energy companies in the United States).

Mark Grabau of IBM and Elizabeth Riczko of Westfield Insurance placed second with their work, “Insurance Agency Productivity and Prospecting,” while an all-GE Research team led by David Toledano and Marcia Peterson finished third for the entry, “GE Uses Real-Time Data to Forecast Near-Term Hospital Throughput and Bed Needs.”

The award criteria values innovating application and integration of a range of analytics techniques.

The prize-winning work – the first major effort to use analytics for preemptive maintenance and repair of an electrical distribution network – is a large-scale, multi-year effort between scientists and students at Columbia and MIT and engineers from Con Edison, which operates the world’s oldest and largest underground electrical system.