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  • 2016 MIT Consumer Dynamics Conference
    12.07.16
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    09.07.16
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    04.30.16
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RECENT VIDEOS

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05.8.2015
7 mins
MIT Faculty Shorts

Martha Gray and Arthur Hiller
Developing the Storyline to Innovation

Martha Gray and Arthur Hiller
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Other MIT Shorts for IMPACT Include:
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05.8.2015
4 mins
MIT Faculty Shorts

Tracy Centanni
Student Success: Redesigning for a Broad Audience

Tracy Centanni
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Other MIT Shorts for IMPACT Include:
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04.30.2015
48 mins
ILP Video

Beyond Description and Prediction: Prescriptive Analytics

Dimitris Bertsimas
Boeing Leaders for Global Operations Professor of Management
Co-Director, Operations Research Center (ORC)
MIT Sloan School of Management
Machine learning as a scientific field has focused on making predictions from data. Operations Research as a scientific field has focused on decisions based on models that are by and large not informed by data. Prescriptive analytics is the next revolution in data analysis. Leveraging both internal and public sources of data using a novel framework including new metrics for prescriptiveness, these methods can prescribe dynamically responsive decisions that optimize outcomes for operational and management problems.
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04.30.2015
49 mins
ILP Video

Modeling Choice with Limited Data

Vivek Farias
Robert N Noyce Career Development Associate Professor of Operations Management
MIT Sloan School of Management
Customer decisions are governed by choice: what a customer purchases is both constrained and influenced by what that customer is offered. Understanding the mechanisms that drive choice is an age-old challenge. Building such models has heretofore been as much of an art, as it is science, limiting scope to situations with a small universe of well-understood products. In this talk, we will walk through an innovative new machine learning approach that seeks to model and learn choice from sparse transactional data. Our approach expands the applicability of choice modeling to gigantic product universes. We will walk through an application of the approach in the auto industry and also present an e-commerce application.
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04.30.2015
52 mins
ILP Video

Panel discussion: Prescriptive Analytics - Real World Use Cases

Moderator: Dimitris Bertsimas
Panels: Retsef Levi, Gina Mourtzinou, Georgia Perakis, Alexander Sauer-Budge, Stephen Sofoul
Are you struggling to get value from your data and looking for specific ideas on how to expand the usage of data? Join this cross-segment panel of Prescriptive Analytics leaders to hear innovative use cases of Prescriptive Analytics and optimizations. Hear firsthand from these experts around their analytical solutions and how they are using advanced analytics and optimizations to drive strategic decisions.
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