BALTIMORE, MD, April 1, 2025 – 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).
You are swimming in an ocean of data and don’t even realize it. All around you are invisible amounts of data that would be staggering to try to comprehend. Thousands of smartphones and smart devices are talking to, sending and downloading vast amounts of data, video, audio, words, numbers, images, you name it. Everything from the latest movie on Netflix to someone’s radiology results from a cancer screening.
Mom-and-pop businesses are trying to adapt to the soaring cost of eggs. The owners of four egg-centric restaurants across the country show how they are coping with this threat to their livelihoods.
An audio journey of how data and analytics save lives, save money and solve problems.
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CATONSVILLE, MD, July 14, 2015 – A new study published in Marketing Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS), finds that peer influence among physicians can affect both trial and repeat prescription behavior of a risky new prescription drug.
NASHVILLE, TN, July 10, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading international association for professionals in analytics and operations research, is hosting its third Healthcare Conference with a far-reaching series of presentations about the growing importance of analytics in healthcare. INFORMS Healthcare 2015 takes place July 29-31 at the Omni Nashville Hotel. It will feature 450 talks that span academia and business, helping decision makers better understand the value of analytics as a competitive driver in healthcare.
As Post-Dispatch baseball writer Derrick Goold aptly reported in coverage of FBI allegations about the St. Louis Cardinals hacking scouting reports of the Houston Astros, this baseball drama contains a story about the increasingly competitive world of sports analytics. It is also a wake-up call for analytics professionals and other business leaders, not just in professional sports but across numerous industries, who have a vested interest in ensuring that this growing technical field adheres to stringent ethical guidelines and professional standards.
[University of Pittsburgh Prof. Dave] Lebel says research has found that it can be easier to ask for help when you turn it into advice seeking. In a study published in the June 2015 issue of Management Science, researchers from Harvard Business School and Wharton School at the University of Pennsylvania found that advice-seeking differs from other help-seeking behaviors because you’re eliciting information for a course of action, retaining the decision-making process, and implying that the values of the advice seeker is similar to the adviser.
"Asking for a recommendation can feel flattering to the other person," says Lebel.
Analytics may be a young profession but it is taking off, and its growth is evident in the rapid increase in analytics patents that have been granted by the U.S. Patent Office. As an analytics professional, you may find that patents play an important part in your life -- the 40-plus patents that we co-invented at IBM were front and center for us.
Knowing the patenting process can be important for you and your company’s success, protecting your most valuable work. And if you want to learn about advanced analytics, the patent literature is an important source of information.
In a study we wrote with Troy White of Clarkson University that has just been published in the INFORMS journal Interfaces, we examined keywords relevant to descriptive, predictive, and prescriptive analytics found in U.S. patents that were issued between 2002 and 2013.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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