INFORMS member and professor with the University of Massachusetts, Amherst, Anna Nagurney discusses the uncertainty facing blood supply chains, currently a multi billion dollar industry, due to a decrease in demand, and the positive impact supply chain analytics tools can have moving forward.
INFORMS President Ed Kaplan provides input on the importance of business owners recognizing the value of their data, and that the more it is used in decision-making, the greater the impact.
"Getting owners to see that data can drive new efficiencies and effectiveness, challenging others in the organization to produce quality information, and seeking and seizing opportunities to make improvements--even in areas that one wouldn't typically consider--can be challenging, but it will also have the greatest return on investment," said Kaplan.
Dean of the Owen Graduate School of Management at Vanderbilt University and Vice President of Publications for INFORMS, Eric Johnson is the curator of “INFORMS Editor’s Cut: Healthcare in the Age of Analytics,” a website that pools research papers and articles as well as podcasts and videos examining how the use of data is changing the provision of and the policies behind health care.
Vice President of Business Analytics of Regal Entertainment Group and INFORMS member Matt Carr was selected for the Knoxville Sentinel's top "40 Under 40" for his role in helping Regal grow from being a company without a formalized analytics group to one that makes decisions and pursues strategies based on actionable data analysis.
In an upcoming issue of the INFORMS journal Management Science, a study conducted by three business professors explores a phenomenon called “algorithm aversion,” which is an irrational distrust of computer algorithms, despite their ability to outperform humans on many tasks, from selecting baseball recruits to diagnosing illness.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
An audio journey of how data and analytics save lives, save money and solve problems.
Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced and popular AI models, makes the same kinds of decision-making mistakes as humans in some situations—showing biases like overconfidence of hot-hand (gambler’s) fallacy—yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies).
The genetic testing company 23andMe, which holds the genetic data of 15 million people, declared bankruptcy on Sunday night after years of financial struggles. This means that all of the extremely personal user data could be up for sale—and that vast trove of genetic data could draw interest from AI companies looking to train their data sets, experts say.
Robert F. Kennedy Jr., as the new secretary of Health and Human Services, is the nation’s de facto healthcare czar. He will have influence over numerous highly visible agencies, including the Centers for Disease Control and Prevention, the National Institutes of Health and the Food and Drug Administration, among others. Given that healthcare is something that touches everyone’s life, his footprint of influence will be expansive.
Health insurance has become necessary, with large and unpredictable health care costs always looming before each of us. Unfortunately, the majority of people have experienced problems when using their health insurance to pay for their medical care. Health insurance serves as the buffer between patients and the medical care system, using population pooling to mitigate the risk exposure on any one individual.
Oklahoma State University's Sunderesh Heragu joins LiveNOW's Austin Westfall to discuss the evolving economic landscape after President Trump implemented tariffs on some of our biggest trade partners. Most tariffs have been halted for now -- but not with China. Beijing and the White House have levied steep tariffs on each other. Trump announced that tariffs on China would reach 145 percent. In response, China imposed 125 percent tariffs on U.S.-imported goods.
Washington’s experiment with tariff trade torment makes lab costs soar; ‘it’s like doubling the price tag’, US researcher says
In the case of upgrading electrical and broadband infrastructure, new analysis from the University of Massachusetts Amherst reveals {that a} “dig once” strategy is almost 40% more economical than changing them individually.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.