Decision Support News
D. J. Power, Editor
March 31, 2019 Vol. 20, No. 07
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1) What are challenges for predictive analytics?
2) Recent Decision Support News Headlines
3) Upcoming Decision Support Conferences/Call for Papers
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1) What are challenges for predictive analytics?
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by Daniel J. Power
Prediction is a difficult task and a challenge in many situations. The assumption of current prediction tools is that historical and current data can be used with quantitative models, and in some cases with the addition of human judgment, to accurately "predict" future conditions and outcomes. The past is in some situations an acceptable and accurate predictor of the future, but there are real challenges and limitations that must be understood.
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2) Recent Decision Support Headlines
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03/27/2019 Nodin secures $5 Million in initial funding to enable a new approach to data analytics. Check release.
03/26/2019 Epiphany Analytica saves hospitals money. Check release.
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3) Upcoming Decision Support Conferences
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1. Conference: ICDSST 2019, May 27-29, 2019, Madiera, Portugal. Check http://dssresources.com/news/5024.php.
2. Predictive Analytics World, MEGA-PAW Las Vegas, June 16-20. The premier machine learning conference. Check https://www.predictiveanalyticsworld.com/lasvegas.
3. 30th European Conference on Operational Research, June 23-26, Dublin, Ireland. Check https://www.euro2019dublin.com/.
4. Call For Papers: 2019 Decision Sciences Institute Annual Conference New Orleans, LA, November 23 - 25, 2019, Full Paper Deadline: May 15, 2019. Check release.
5. Call for articles Journal of Business Analytics, an official journal of the Operational Research Society. The journal serves the emerging and rapidly growing community of business analytics both in academia and industry. Check https://www.tandfonline.com/toc/tjba20/current.
Order Daniel Power and Ciara Heavin's book: Decision Support, Analytics, and Business Intelligence, Third Edition, Click here
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New book: Power, D. and C. Heavin, Data-Based Decision Making And Digital Transformation, Business Expert Press, 2018 at URL Click here. EBook Price $19.95, Print Price $34.95, In Stock June 10, 2018.
Power & Heavin (2018) argue "Digital disruption is accelerating. Implementing a successful digital transformation strategy requires that senior managers make trade-off decisions to reinvent a business. Equally important all decision makers must learn to ask the right questions, use data and computer support in decision making, and increase their knowledge and skills. Creating a data-centric culture and rewarding data-based decision making leads to successful digital transformation."
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