Andrew Lo, INFORMS member and professor at MIT is working with the MIT Laboratory for Financial Engineering (LFE) and Informa Pharma Intelligence have on an initiative to provide timely and accurate estimates of the risks and benefits of clinical trials to the entire life sciences ecosystem.
New research from INFORMS members Sergeuei Netessine and Santiago Gallino, and INFORMS Fellow Marshall Fisher, all of the University Pennsylvania, can increase brick and mortar store revenue by as much as 20 percent by determining the optimal amount of staffing and training for individual stores.
INFORMS President and Heinz College Dean Ramayya Krishnan has received the 2018 Bright Internet Award (Jae Kyu Lee Award) from the Korea Society of Management Information Systems. The award honors those who have made excellent scholarly achievements and contributions in the field of management information systems, especially in the area of Bright Internet research and development.
NFL Football Operations is hosting an inaugural Big Data Bowl contest which challenges members of the data analytics community, from college students to professionals, to innovate how football is played and coached and contribute to the evolution of advanced analytics in the NFL.
Companies from Patagonia to Nike to Levi’s are leading the charge on social responsibility and supply chain transparency and they’ve encouraged their competitors to follow suit. But getting better visibility into a supply chain is an expensive and time-consuming endeavor for apparel makers. But do customers really care, and if so, are they willing to reward a company for its efforts? A new study in the INFORMS journal Manufacturing & Service Operations Management finds that customers do indeed value information related to a company’s supply chain — and many are prepared to pay a premium for greater supply chain visibility.
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.
From Tesla to SpaceX to xAI, Elon Musk’s sprawling global business empire will be slammed by Trump’s tariffs regime. Here’s how.
A bipartisan push in Congress would return the power to impose tariffs to the legislature.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.
Florida lawmakers have banned wind turbines off its shores and near the coast, saying the bill is meant to protect wildlife and prevent noise.