<br />
<br />
HTTP://WWW.ANALYTICS-MAGAZINE.ORG<br />
D<br />
RIVING BETTER BUSINESS DECISIONS<br />
S<br />
EPTEMBER/OCTOBER 2016<br />
BROUGHT TO YOU BY:<br />
Cybersecurity<br />
at risk<br />
Better metrics and measurement are crucial<br />
to reducing the threat<br />
ALSO INSIDE:<br />
· Making effective decisions<br />
in real time<br />
· No such thing as<br />
unstructured data<br />
· Smart cities: World<br />
of opportunity<br />
· Healthcare analytics<br />
in action<br />
· Monte Carlo for<br />
the masses<br />
Executive Edge<br />
Paul Roma, chief analytics<br />
officer of U.S. Deloitte,<br />
on cognitive computing:<br />
How to avoid saying<br />
`I wish I would have'<br />
INSIDE STORY<br />
Problems & solutions<br />
So many problems, so many analytics-<br />
oriented solutions. So where do we start?<br />
How about at the beginning, which, ac-<br />
cording to Maria in the “Sound of Music,” is<br />
a<a title="Analytics, September/October 2016 page 1" href="http://viewer.zmags.com/publication/d13fb97d?page=1"> </a>
<a title="Analytics, September/October 2016 page 2" href="http://viewer.zmags.com/publication/d13fb97d?page=2"> HTTP://WWW.ANALYTICS-MAGAZINE.ORG D RIVIN</a>
<a title="Analytics, September/October 2016 page 3" href="http://viewer.zmags.com/publication/d13fb97d?page=3"> INSIDE STORY Problems & solutions So many</a>
<a title="Analytics, September/October 2016 page 4" href="http://viewer.zmags.com/publication/d13fb97d?page=4"> Prescriptive Analytics? Join a unique Collaborati</a>
<a title="Analytics, September/October 2016 page 5" href="http://viewer.zmags.com/publication/d13fb97d?page=5"> CONTENTS DRIVING BETTER BUSINESS DECISIONS </a>
<a title="Analytics, September/October 2016 page 6" href="http://viewer.zmags.com/publication/d13fb97d?page=6"> Welcome to Analytic Solver® Cloud-based Optimizat</a>
<a title="Analytics, September/October 2016 page 7" href="http://viewer.zmags.com/publication/d13fb97d?page=7"> 26 70 DEPARTMENTS 2 Inside Story 8 </a>
<a title="Analytics, September/October 2016 page 8" href="http://viewer.zmags.com/publication/d13fb97d?page=8"> Welcome to Analytic Solver® Cloud-based Simulatio</a>
<a title="Analytics, September/October 2016 page 9" href="http://viewer.zmags.com/publication/d13fb97d?page=9"> EXECUTIVE EDGE Cognitive computing: Five “I wish</a>
<a title="Analytics, September/October 2016 page 10" href="http://viewer.zmags.com/publication/d13fb97d?page=10"> Welcome to Analytic Solver® Cloud-based Data and </a>
<a title="Analytics, September/October 2016 page 11" href="http://viewer.zmags.com/publication/d13fb97d?page=11"> EXECUTIVE EDGE But today, when it comes to cogn</a>
<a title="Analytics, September/October 2016 page 12" href="http://viewer.zmags.com/publication/d13fb97d?page=12"> same time, you have to account for its presence. </a>
<a title="Analytics, September/October 2016 page 13" href="http://viewer.zmags.com/publication/d13fb97d?page=13"> EXECUTIVE EDGE Rule-based problems are also r</a>
<a title="Analytics, September/October 2016 page 14" href="http://viewer.zmags.com/publication/d13fb97d?page=14"> CPLEX Optimization Studio . </a>
<a title="Analytics, September/October 2016 page 15" href="http://viewer.zmags.com/publication/d13fb97d?page=15"> A N A LY Z E T H I S ! Midlife makeover: remodel</a>
<a title="Analytics, September/October 2016 page 16" href="http://viewer.zmags.com/publication/d13fb97d?page=16"> But I am pleased to report that our project i</a>
<a title="Analytics, September/October 2016 page 17" href="http://viewer.zmags.com/publication/d13fb97d?page=17"> A N A LY Z E T H I S ! Thus, I shifted my ob</a>
<a title="Analytics, September/October 2016 page 18" href="http://viewer.zmags.com/publication/d13fb97d?page=18"> and practices. Moreover, I feel incredibly fortun</a>
<a title="Analytics, September/October 2016 page 19" href="http://viewer.zmags.com/publication/d13fb97d?page=19"> HEALTHCARE ANALYTICS Case study: Power of operat</a>
<a title="Analytics, September/October 2016 page 20" href="http://viewer.zmags.com/publication/d13fb97d?page=20"> on this over the last several years. During this </a>
<a title="Analytics, September/October 2016 page 21" href="http://viewer.zmags.com/publication/d13fb97d?page=21"> HEALTHCARE ANALYTICS production data, I was abl</a>
<a title="Analytics, September/October 2016 page 22" href="http://viewer.zmags.com/publication/d13fb97d?page=22"> they were able to focus on higher value- added se</a>
<a title="Analytics, September/October 2016 page 23" href="http://viewer.zmags.com/publication/d13fb97d?page=23"> INFORMS INITIATIVES CAP, pro bono work, new team</a>
<a title="Analytics, September/October 2016 page 24" href="http://viewer.zmags.com/publication/d13fb97d?page=24"> volunteer expert skilled in using analytics proce</a>
<a title="Analytics, September/October 2016 page 25" href="http://viewer.zmags.com/publication/d13fb97d?page=25"> INFORMS INITIATIVES competition will feature te</a>
<a title="Analytics, September/October 2016 page 26" href="http://viewer.zmags.com/publication/d13fb97d?page=26"> effective action. They will also understand best-</a>
<a title="Analytics, September/October 2016 page 27" href="http://viewer.zmags.com/publication/d13fb97d?page=27"> FORUM Why your company is doing data and analyti</a>
<a title="Analytics, September/October 2016 page 28" href="http://viewer.zmags.com/publication/d13fb97d?page=28"> Leo Wolfert Photo Courtesy of 123rf.com | It’s n</a>
<a title="Analytics, September/October 2016 page 29" href="http://viewer.zmags.com/publication/d13fb97d?page=29"> FORUM priority. Too often, organizations focus o</a>
<a title="Analytics, September/October 2016 page 30" href="http://viewer.zmags.com/publication/d13fb97d?page=30"> </a>
<a title="Analytics, September/October 2016 page 31" href="http://viewer.zmags.com/publication/d13fb97d?page=31"> CUSTOMER KNOWLEDGE There’s no such thing as u</a>
<a title="Analytics, September/October 2016 page 32" href="http://viewer.zmags.com/publication/d13fb97d?page=32"> What is increasingly happening is that thi</a>
<a title="Analytics, September/October 2016 page 33" href="http://viewer.zmags.com/publication/d13fb97d?page=33"> UNSTRUCTURED DATA by the MapReduce programming </a>
<a title="Analytics, September/October 2016 page 34" href="http://viewer.zmags.com/publication/d13fb97d?page=34"> that can give structure to your unstruc- tured da</a>
<a title="Analytics, September/October 2016 page 35" href="http://viewer.zmags.com/publication/d13fb97d?page=35"> UNSTRUCTURED DATA the simple act of leaving a p</a>
<a title="Analytics, September/October 2016 page 36" href="http://viewer.zmags.com/publication/d13fb97d?page=36"> The technical excitement generated by Hadoo</a>
<a title="Analytics, September/October 2016 page 37" href="http://viewer.zmags.com/publication/d13fb97d?page=37"> LEVERAGING DATA Making effective decisions in</a>
<a title="Analytics, September/October 2016 page 38" href="http://viewer.zmags.com/publication/d13fb97d?page=38"> timely decisions that ensure committed service l</a>
<a title="Analytics, September/October 2016 page 39" href="http://viewer.zmags.com/publication/d13fb97d?page=39"> REAL-TIME DECISION-MAKING data visualization is</a>
<a title="Analytics, September/October 2016 page 40" href="http://viewer.zmags.com/publication/d13fb97d?page=40"> The application of a situ- ational intellige</a>
<a title="Analytics, September/October 2016 page 41" href="http://viewer.zmags.com/publication/d13fb97d?page=41"> REAL-TIME DECISION-MAKING nearest crew availabl</a>
<a title="Analytics, September/October 2016 page 42" href="http://viewer.zmags.com/publication/d13fb97d?page=42"> SUMMARY Understanding problems and situations</a>
<a title="Analytics, September/October 2016 page 43" href="http://viewer.zmags.com/publication/d13fb97d?page=43"> Are you ready to turbocharge your decision engine</a>
<a title="Analytics, September/October 2016 page 44" href="http://viewer.zmags.com/publication/d13fb97d?page=44"> “We’re now able to deploy a new scenario every qu</a>
<a title="Analytics, September/October 2016 page 45" href="http://viewer.zmags.com/publication/d13fb97d?page=45"> RISK MANAGEMENT Reducing cybersecurity risk </a>
<a title="Analytics, September/October 2016 page 46" href="http://viewer.zmags.com/publication/d13fb97d?page=46"> Photo Courtesy of 123rf.com | Benoit Daoust Risk</a>
<a title="Analytics, September/October 2016 page 47" href="http://viewer.zmags.com/publication/d13fb97d?page=47"> CYBERSECURITY AT RISK often illustrate this phe</a>
<a title="Analytics, September/October 2016 page 48" href="http://viewer.zmags.com/publication/d13fb97d?page=48"> Another useful activity is to look for pro</a>
<a title="Analytics, September/October 2016 page 49" href="http://viewer.zmags.com/publication/d13fb97d?page=49"> CYBERSECURITY AT RISK which even a few more obs</a>
<a title="Analytics, September/October 2016 page 50" href="http://viewer.zmags.com/publication/d13fb97d?page=50"> of interest are rare, because these events often </a>
<a title="Analytics, September/October 2016 page 51" href="http://viewer.zmags.com/publication/d13fb97d?page=51"> A N A LY T I C S & I o T Smart cities: A world</a>
<a title="Analytics, September/October 2016 page 52" href="http://viewer.zmags.com/publication/d13fb97d?page=52"> Photo Courtesy of 123rf.com | photostella Amster</a>
<a title="Analytics, September/October 2016 page 53" href="http://viewer.zmags.com/publication/d13fb97d?page=53"> SMART CITY Trends are accelerating in the consu</a>
<a title="Analytics, September/October 2016 page 54" href="http://viewer.zmags.com/publication/d13fb97d?page=54"> INFORMS O.R. & ANALYTICS STUDENT TEAM COMPETITION</a>
<a title="Analytics, September/October 2016 page 55" href="http://viewer.zmags.com/publication/d13fb97d?page=55"> SMART CITY Photo Courtesy of 123rf.com | phototr</a>
<a title="Analytics, September/October 2016 page 56" href="http://viewer.zmags.com/publication/d13fb97d?page=56"> Define the vision. It’s good to conduct e</a>
<a title="Analytics, September/October 2016 page 57" href="http://viewer.zmags.com/publication/d13fb97d?page=57"> SMART CITY lessen the strain on its historic in</a>
<a title="Analytics, September/October 2016 page 58" href="http://viewer.zmags.com/publication/d13fb97d?page=58"> ASSOCIATE CERTIFIED ANALYTICS PROFESSIONAL An</a>
<a title="Analytics, September/October 2016 page 59" href="http://viewer.zmags.com/publication/d13fb97d?page=59"> VALUE-BASED CARE Healthcare analytics in acti</a>
<a title="Analytics, September/October 2016 page 60" href="http://viewer.zmags.com/publication/d13fb97d?page=60"> • Given competing priorities, how do we </a>
<a title="Analytics, September/October 2016 page 61" href="http://viewer.zmags.com/publication/d13fb97d?page=61"> HEALTHCARE ANALYTICS with the organization’s s</a>
<a title="Analytics, September/October 2016 page 62" href="http://viewer.zmags.com/publication/d13fb97d?page=62"> strategy. They need to come together and break ba</a>
<a title="Analytics, September/October 2016 page 63" href="http://viewer.zmags.com/publication/d13fb97d?page=63"> HEALTHCARE ANALYTICS information needs of the us</a>
<a title="Analytics, September/October 2016 page 64" href="http://viewer.zmags.com/publication/d13fb97d?page=64"> ownership. As organizational maturity to consume </a>
<a title="Analytics, September/October 2016 page 65" href="http://viewer.zmags.com/publication/d13fb97d?page=65"> PROBABILITY MANAGEMENT Monte Carlo for the ma</a>
<a title="Analytics, September/October 2016 page 66" href="http://viewer.zmags.com/publication/d13fb97d?page=66"> Free SIPmath Modeler Tools experts with generator</a>
<a title="Analytics, September/October 2016 page 67" href="http://viewer.zmags.com/publication/d13fb97d?page=67"> PROBABILITY MANAGEMENT they come from a stochas</a>
<a title="Analytics, September/October 2016 page 68" href="http://viewer.zmags.com/publication/d13fb97d?page=68"> SIPmath Risk-Based Budget Calculator crafted Po</a>
<a title="Analytics, September/October 2016 page 69" href="http://viewer.zmags.com/publication/d13fb97d?page=69"> PROBABILITY MANAGEMENT Trinity College in Dub- </a>
<a title="Analytics, September/October 2016 page 70" href="http://viewer.zmags.com/publication/d13fb97d?page=70"> Nashville 2016 Think the INFORMS Annual Meet</a>
<a title="Analytics, September/October 2016 page 71" href="http://viewer.zmags.com/publication/d13fb97d?page=71"> CONFERENCE PREVIEW Record turnout expected for</a>
<a title="Analytics, September/October 2016 page 72" href="http://viewer.zmags.com/publication/d13fb97d?page=72"> along with the sheer volume of presentations don</a>
<a title="Analytics, September/October 2016 page 73" href="http://viewer.zmags.com/publication/d13fb97d?page=73"> CONFERENCE PREVIEW leaders with those from the </a>
<a title="Analytics, September/October 2016 page 74" href="http://viewer.zmags.com/publication/d13fb97d?page=74"> Siddique, deputy director (Enterprise Risk and</a>
<a title="Analytics, September/October 2016 page 75" href="http://viewer.zmags.com/publication/d13fb97d?page=75"> CONFERENCE PREVIEW (Duke) and John Little (MIT)</a>
<a title="Analytics, September/October 2016 page 76" href="http://viewer.zmags.com/publication/d13fb97d?page=76"> ramping up interactive sessions with the introduc</a>
<a title="Analytics, September/October 2016 page 77" href="http://viewer.zmags.com/publication/d13fb97d?page=77"> FIVE-MINUTE ANALYST Presidential acceptance spee</a>
<a title="Analytics, September/October 2016 page 78" href="http://viewer.zmags.com/publication/d13fb97d?page=78"> out in our 2004 article, the following two senten</a>
<a title="Analytics, September/October 2016 page 79" href="http://viewer.zmags.com/publication/d13fb97d?page=79"> FIVE-MINUTE ANALYST Figure 5: Relat</a>
<a title="Analytics, September/October 2016 page 80" href="http://viewer.zmags.com/publication/d13fb97d?page=80"> Is the largest association for analytics in the </a>
<a title="Analytics, September/October 2016 page 81" href="http://viewer.zmags.com/publication/d13fb97d?page=81"> THINKING ANALYTICALLY Dating website matchups PE</a>
<a title="Analytics, September/October 2016 page 82" href="http://viewer.zmags.com/publication/d13fb97d?page=82"> I ION </a>