Research

Inquiry Response: Where Machine Learning Can Help with Decision Making

By Blake Johnson, Jun 10, 2019

Available to Research & Advisory Network Clients Only

Inquiry:

What are use cases where machine learning (ML) delivers the best decisions and performance? Vendors are peddling their ML solutions, and because it’s sexy right now, they’re gaining traction with executives being told outside ML algorithms will outperform on every data problem.

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Portland 2019 Analytics Symposium Video: Marc Demarest

By Marc Demarest, Apr 17, 2019

Available to Research & Advisory Network Clients Only

Information Economy Mapping

Every organization has a naturally occurring information economy. The rules of other economies hold: there is supply and demand, supplier and buyer power, competitive alternatives, infrastructure, regulation, taxation, and more. Two important rules of thumb: demand always finds a way to get its needs met, and there are legitimate, necessary restrictions on freedom.

Roughly 80% of organizations have a Soviet-style, state-controlled information economy. In the other 20% it is a laissez-faire, demand-style information economy. In every organization it is important to know where you are and where you want to go. The right answer is always something other than a command economy or an unfettered laissez faire economy. It is analytics professionals’ job to figure out the optimal state by balancing those requirements and brokering solutions that are palatable to all.

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Nearly 200 of IIA’s clients, analytics experts, and members of the analytics community gathered in Portland, Oregon this week for the spring Analytics Symposium. IIA also hosted its first Women in Analytics networking event, an interactive Analytics Workshop, and introduced two tracks of sessions to bring the most value to attendees. This blog covers key themes of the conference and highlights from each session.

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Inquiry Response: Ideas for Improving Forecast Accuracy

By IIA Expert, Mar 18, 2019

Available to Research & Advisory Network Clients Only

Inquiry:

We want to dive deeper into our forecasting processes, looking at both the demand side and the supply side. We have a standard forecasting system coming out of sales and operation planning, but is there more we could be doing to increase our accuracy?

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BI ≠ Analytics: Analytics Takes Flight at Honeywell Aerospace

By Abhi Seth, Jan 16, 2019

Available to Research & Advisory Network Clients Only

In fewer than two years, Honeywell Aerospace turned a functional BI competency into an enterprise business analytics team—and created a competitive advantage. This 75-person analytics team has transformed the company’s operations, developed analytics products for customers that Honeywell is monetizing, and created well over $100 million in aggregate value with an impressive ROI. Perhaps Honeywell Aerospace’s most important lesson is leveraging BI to evolve to analytics. Analytics experts know that BI is not analytics, yet many non-experts don’t realize this; they see BI and analytics as the same. Honeywell Aerospace hasn’t argued about it, but has focused on delivering value. This meant starting with BI opportunities, creating value, building trust, and then proceeding to deliver even more value by incorporating advanced analytics to deliver insight beyond the expectation.

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Atlanta 2018 Analytics Symposium Video: Abhi Seth

By Abhi Seth, Oct 24, 2018

Available to Research & Advisory Network Clients Only

BI isn’t Analytics: Honeywell Aerospace Analytics Team Takes Flight

Beginning nearly two years ago Honeywell Aerospace had the common misconception that BI equaled the full potential of what analytics can accomplish. In order to find their current success, multiple fronts had to be established: educating the business side, finding executive sponsors, identifying projects worth chasing, and of course successful execution against those projects. In this talk, Dr. Seth reviews the challenges faced as he established an analytics practice and shares some of the specific case studies indicative of this evolution in analytics adoption for various business functions and competing on analytics in the aviation industry through new connected analytics offerings.

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A First Step Towards Strong AI

By Larry Bookman, Oct 16, 2018

A common view in the press and in artificial intelligence research is that sentient and intelligent machines are just on the horizon. How much longer can it be before they surpass our intelligence and take our jobs? Before we decide if machines can surpass our intelligence, let us first define two terms that will help us get a better handle on this topic: Weak AI and Strong AI.

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Bumps and Triumphs on the Road to Optimization at UPS

By Jack Levis, Aug 21, 2018

Available to Research & Advisory Network Clients Only

United Parcel Service (UPS) is now well known for instituting ORION, an optimized routing system for UPS drivers that has been called the world’s largest operations research project. ORION determines the most efficient delivery route for every driver, every day, resulting in savings of more than 100 million driving miles. The project serves as an excellent case study on how embedding analytics and models within the day-to-day operations of the business—in this case, package delivery—can reap huge cost savings benefits.

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2017 Analytics Symposium - Chicago Summary and Recordings

By Jack Phillips, Oct 31, 2017

Available to Research & Advisory Network Clients Only

Earlier this month, IIA held its 8th Analytics Symposium and awarded the 2017 ANNY Excellence in Analytics Award to Cisco Systems in a packed house at the Gleacher Center in Chicago. Read the key themes of the event and watch the session recordings on demand.

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The Road to Optimization

Oct 31, 2017

Available to Research & Advisory Network Clients Only

2017 Analytics Symposium - Chicago Session Recording

UPS has gone through a long evolution in moving up the analytical hierarchy which required organizational commitment and significant process change. UPS has seen a reduction of 185 million miles driven per year by integrating analytics within its operations’ systems. Its award-winning dispatch optimization tool ORION (On Road Integrated Optimization and Navigation) completed deployment in 2016 and is saving $300M to $400M annually. Jack Levis shares his experiences and best practices to compete with analytics, requiring organizational support in the form of data, tools, and senior management commitment.

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