IIA December 2012 Newsletter

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IIA Monthly Newsletter 

December 2012

 
Welcome to IIA’s Monthly NewsletterHighlighting our latest insights through research, articles, news and events as we define the path to analytics excellence

Research Council Symposiums 

Health Care Analytics Research Symposium
January 16, 2013
Harvard ClubBoston MA

Banking Analytics Research Symposium
January 16, 2013
Harvard ClubBoston MA

Retail Analytics Research Symposium
January 30, 2013
Deloitte UniversityDallas TX

Note: ARC events are invitation only. If you are interested in learning about Council qualifications, please contact:
Toby Espinosa at tespinosa@iianalytics.com

IIA Announces Completion of $1M Funding Round

 

Capital will be used to expand research, sales and online commerce capabilities 

The International Institute for Analytics announced a $1 million fundraising round consisting of equity investments from strategic and individual investors and debt financing from KeyBank.

Read More

 

Recent & Upcoming Research
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Published in November
Utilizing Multivariate Analytics for Decision Support to Enhance Patient Demand Forecasting
Stephan Kudyba – Research Brief – HARC

Looking beyond traditional analytical techniques, and offering the alternative of multivariate methods, Dr. Stephen Kudyba, explains how advanced analytics can help hospitals make better staffing decisions through improving their ability to predict demand for specific services at specific points in time.
Organizing Analysts in Healthcare
Bob Morison – Phone Briefing Summary – HARC

Noting the different organizational structures within analytics, Bob Morison encourages organizations to bridge cross-functional silos in order to create collaboration and consistency across all analytics functions. Morison emphasizes creating a Center of Excellence, which manages a unified goal for the analytics team, resulting in the capability to disseminate valuable information throughout the organization.
Analytics Lessons Learned across Industries
Dwight McNeil – Phone Briefing – HARC

In this phone briefing recap, Dwight McNeil explains that though Healthcare is ahead of the curve in many aspects of analytics, they are lagging behind in using analytics to improve clinical and business outcomes. Using examples from other industries, such as politics, McNeil offers approaches and processes that healthcare can utilize in order to propel themselves forward.
Customer Next Best Action
James Taylor – Event Summary – Phone Briefing – RARC

Many organizations are faced with predicting the customer’s next best action in order to improve profitability and make better strategic, tactical and operation decisions. James Taylor examines the benefits of implementing a decision management system and defines a three step process for building the service.
Commercial Analytics and Relationship Culture at Merck
Tom Davenport – Leading Practice Brief – ERS

The Commercial Analytics and Decision Sciences group at Merck has a mission to help senior leaders make better decisions. Tom Davenport attributes the success of this group to not only the superior analytical skills, but the culture and relationships the team values and upholds.
Analytical Leadership 
Bob Morison – Round Table – ERS
In this interactive discussion, analytics leaders shared their challenges with, and strategies for, communicating about analytics to their broader organizations. Led by faculty member, Robert Morison, the conversation touched upon challenges faced by many leaders including creating business cases for advanced tools to generating demand for analytics to helping partners embrace analytical insights and translate them into action.
Taming Big Data is not a Technology Issue
Bill Franks – Blog

In this blog, Bill Franks asks organizations to look beyond technology when focusing on big data, and look to overcome the real obstacles of culture, people and politics.

Upcoming in December
Measuring On-Shelf Availability and Lost Sales
Barry Leventhal – Event Summary – RARC

Data Visualization
Cole Nussbaumer – Research Brief – ERS/Promem


Not an IIA Research Client? Participate and benefit from our research councils. Learn More

Recommended Reading

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After the election, interest in the Obama campaigns use of analytics continues, with campaign staff getting attention from corporate America.

Corporations Want Obama’s Winning Formula
Businessweek, November 21, 2012

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Analytics is now becoming more commonplace among another of America’s popular sports – football.  But it has some challenges that don’t exist in other sports.  Here are two articles that talk about its use and potential.

More N.F.L. Teams Hire Statisticians but Their Use Remains Mostly Guarded
New York Times, November 25, 2012

Can Machine Learning Make Sense of the NFL’s Big Data?
Gigamon, November 25, 2012

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Predictions on the future for Big Data

Big Data:  How the revolution may play out
ZD Net, November 26, 2012

Join Tom Davenport and IIA Faculty next Tuesday, Dec 11th
Predictions Image

Register for IIA’s Live Webcast in December

Join Tom and the IIA lead faculty as they review how true the 2012 predictions were and make their predictions for analytics for 2013.
Register Now

IIA Expands with Boston Office

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Boston’s Prudential Tower is the newest location for IIA’s growing business and expansion.  Corporate headquarters remain in Portland Oregon.
View IIA Locations

Upcoming Conferences of Note

Predictive Analytics Innovation for Banking
Dec 6-7, 2012
New York, NYPredictive Analytics World
April 15-16, 2013
San Francisco

Predictive Analytics World
June 11-12, 2013
Chicago

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