The Newest New York City Data Analytics Jobs
It’s no secret that data and analytics have become integral parts of the business landscape. Companies are working hard to translate the information they receive from their customers into a competitive advantage in the marketplace. The New York City data analytics jobs listed in this week’s dispatch all are opportunities for MBA graduates to translate their knowledge of the digital marketplace and technology into a career.
Continue reading…What is Dell Looking for When it Comes to MBA Talent?
When considering jobs and internships, MBAs may reflect on the diverse set of skills and experience they’ve acquired. And few industries are witnessing a greater reflection of those diverse skills than tech.
Dell Technologies is one organization that has demonstrated a major commitment to hiring MBAs for their fresh knowledge and ideas, as evident in its 2020 ‘Legacy of Good’ Plan.
New York News: How Climate Change is Effecting Your Mood, and More
Let’s explore some of the most interesting stories that have emerged from New York City business schools this week.
Climate Change Could Explain the Personality of Your Significant Other – CBS Newsroom
New research from Columbia Business School professor Adam Galinsky, along with Ph.D. candidate Jackson Lu has found a curious connection between the climates to which we grew accustomed as youngsters and our dispositions.
“Ambient temperature can shape the fundamental dimensions of personality. Our research reveals a connection between the ambient temperature that individuals were exposed to when they were young and their personality today. This finding can help explain the personality differences we observe in people of different regions.”
To further study to potential climate differences, the paper’s authors conducted research in two of the world’s most densely populated and geographically large countries: the United States and China. Lu explains the results:
“Clement [mild] temperatures encourage individuals to explore the outside environment, where social interactions and new experiences abound. Venturing outdoors and interacting with lots of people make people more agreeable, conscientious, emotionally stable, extraverted, and open to new experiences. But when the temperature is too hot or too cold, individuals are less likely to go outside to meet up with friends or to try new activities.”
Read more about the duo’s research here.
Launching a New Alumni Initiative – Rutgers Business School
The Rutgers Business School recently launched a new Corporate Alumni Advisory Council to strengthen the engagement between its current students and RBS alumni at marquee companies like PwC, Johnson & Johnson, and Wells Fargo.
Several members of the brand new Rutgers Business School Corporate Alumni Advisory Council / Photo via RBS
“This is a very exciting initiative with huge potential for networking, lifelong learning and connecting on so many levels that can benefit our alumni, their companies and Rutgers Business School,” said Andrea Cunnell, director of alumni and corporate engagement at Rutgers Business School.
Read more about the initiative here.
Campus Recruiting Hurts Older Workers, Suit Against PricewaterhouseCoopers Claims – Wall Street Journal
In an interview with Kelsey Gee of the Wall Street Journal, NYU Stern School of Business assistant professor Michael North says that as more and more Americans over the age of 65 delay their retirement, certain corporate biases are hurting them. The result of the bias has become the basis of a lawsuit against PricewaterhouseCoopers.
Gee explains:
Attorneys for the unsuccessful candidates—men who applied to PwC dozens of times in their late 40s and early 50s—aimed to convince San Francisco District Judge Jon Tigar on Tuesday that 14,000 older workers were similarly disadvantaged by the accounting firm’s system of finding applicants at university career fairs and school-affiliated job websites, over a four-year period.
You can read more about the lawsuit here.
For the Most Complex Technology Problems, Stevens Research Turns to Nature – Stevens Institute of Technology
Data science expert Dr. Amir H Gandomi, at the Stevens Institute of Technology School of Business, has used techniques from evolutionary computation to gain insight into large-scale optimization and data-mining problems, as well as supply chain management and customer engagement and interaction.
“When you have mathematical solutions to your problems, that’s great, but real-world problems are more complex — they’re nonlinear, mixed variables, large scale, sometimes black box. In these cases, these kinds of algorithms are flexible and adaptable enough to help you find answers.”
Read more about about Dr. Gandomi’s innovative research here.
The History of the MIT Sloan Sports Analytics Conference
From February 23-24, one of the biggest events in the sports industry and analytics returns for its 12th annual iteration when the MIT Sloan Sports Analytics Conference comes to the Boston Convention and Exhibition Center.
This year, the conference promises to continue to break attendance records, as former President (and everyone’s favorite pickup hoops opponent) Barack Obama is among the scheduled speakers. Joining him will be luminaries of the sports industry such as Maverick Carter and Rob Manfred, and famed egghead and numbers-cruncher Nate Silver will also be along for the ride.
The conference is so large and popular, it is difficult to remember that what Fast Company has ranked as the 3rd Most Innovative Sports Company began as a humble, small-potatoes conference that took place in classrooms on the MIT campus. Let’s look back at the history of the SSAC as its number of attendees grew by more than two thousand percent, and it became a force to be reckoned in an industry given a projected value of $73.5 billion by Forbes.
The MIT Sloan Sports Analytics Conference Early Years
From our January announcement about this year’s event, Matthew Korman writes:
Co-founded by MIT Sloan School of Management MBA graduate Daryl Morey, the current general manager of the Houston Rockets, and Kraft Analytics Group CEO Jessica Gelman in 2006, the annual conference has transformed into one of the most formative sports business events in the world. Since its inception, the event has spawned and popularized numerous movements in the industry, including basketball’s strategic revolution (they call it MoreyBall for a reason).
From its first year in 2007 until 2009, the SSAC took place on MIT’s campus, and while attendance more than doubled during that period, it was still a comparatively low-key affair. Though 2008 brought a keynote speech by Boston Celtics CEO and co-owner Wycliffe Grousbeck, and 2009 saw the beginning of the ‘Featured Panel’ format, the conference was not yet the industry-driving behemoth that it is today.
Houston Rockets owner Tilman Fertitta (left) and general manager Daryl Morey, MIT Sloan grad and co-founder of the MIT Sloan Sports Analytics Conference / Photo via USA Today
Growth Years
In 2010, the SSAC moved to larger digs (at its current home) due to interest and a surplus of programming. The conference’s main attraction was a panel on the limits of statistical analysis moderated by Moneyball author Michael Lewis, as well as the introduction of the research paper track to the conference’s programming. For this aspect, individuals and groups could submit original analysis of statistics-related issues to the organizing committee and vie for a cash prize.
But 2011 was the year that the conference really took aim for the heights of the sports industry: the research paper track was expanded, and a number of soon-to-be immensely popular segments were added to the traditional panel presentation structure. Firstly, Evolution of Sports (EOS) presentations were added, providing a sports industry analog to the ubiquitous TED Talks. In addition, it was the inaugural year for the First Pitch MBA Sports Business Case Competition, in which teams of MBA students from top-ranking programs were presented with a sports business situation and asked to provide a recommendation.
The event continued apace the next year, adding the Trade Show Business Competition, wherein start-ups explain their importance to the sports industry and the most convincing is awarded a cash prize, as well as the Alpha Awards, which recognize those that have altered the field of sports by utilizing analytics to defy conventional wisdom. The next few years of the SSAC saw unprecedented attendance at the conference as it became ever more notorious as a place where the heavy hitters of the sports industry, academia, and statistical analysis come together. The conference has even garnered some nicknames—“The Super Bowl of Analytics” and “Dork-A-Palooza.”
Then And Now
In 2016, conference chair Jessica Gelman noted in her opening remarks that “we had 175 folks at that first conference … this year we have more speakers than we had attendees [at that first conference].” Indeed, the most recent iterations of the SSAC have seen all segments of the conference grow, with an additional broadening of the scope of the conference. For example, in 2017, there were drone races, a live stream that reached an audience of 650,000 people, and a dedicated esports room. 2018 marks the first time that the conference is officially sponsored by ESPN. In final analysis, it seems the only place for the SSAC to go is up.
You can find more details about this year’s event here.
Northeastern Prof Talks About Amazon Automation and Future Shopping
After the emergence of Amazon Go, a cashier-less convenience store the e-commerce juggernaut recently opened in downtown Seattle, Northeastern University’s D’Amore-McKim School of Business explored the potential impact of automation on the future of commerce.
The simple concept behind Amazon Go is a streamlined mini-mart experience in which customers “scan their smartphones with an app [and] grab what they want.” DMSB Associate Professor of Marketing Strategy and Managerial Decision-Making Bruce Clark discussed the implications of what New York Magazine dubbed the “automated 7-Eleven killer.”
“Unless you have an Amazon Go next door to your store, I’m not sure this is a big deal. It’s not clear to me the customer experience of an Amazon Go store is sufficient to make me walk past the local 7-Eleven. Geography is destiny in this sense: where you have more convenient stores, you will do well. A longer-term threat might be if Whole Foods went cashier-free and you had a Whole Foods next to your convenience store.”
Clark is quick to point out that AI more commonly automates pieces of jobs rather than entire gigs and cites the advent of the ATM in the late 1960s and ’70s as a key example.
“Despite widespread adoption of ATMs, employment of bank tellers increased over much of the past three decades. The driving factor was that while a given bank branch might require fewer tellers, that reduction in labor costs meant that banks could open more branches, offsetting the loss at any given branch. Tellers’ jobs in turn became more like that of a customer service representative rather than a paper- and currency-pusher.”
Clark remains cautiously optimistic about the future of retail, according to reports.
“The common thinking is that over time, human jobs will evolve toward processes at which humans remain better value, notably in emotional intelligence and physical dexterity. Retail employees will find their jobs increasingly specified in those terms. You’re either interacting with customers or efficiently managing the stocking and layout of a store. Employees who excel in these areas should be okay.”
But perhaps less so about the future of employment across the board. “All that said, I’m not sure any of us should be assuming we will have stable, well-paid employment in the future.”
Alumni Spotlight: Daryl Morey and Swapping Intuition for Analytics
In 2006, when Houston Rockets owner Les Alexander announced that MIT Sloan School of Management MBA, analytics expert, and relative NBA unknown Daryl Morey would eventually serve as general manager of the team, the basketball community was surprised, to say the least. A Hoopsworld headline, at the time, read, “Daryl Morey? Are You Serious?”
Though using quantifiable data to make business and strategic decisions across the majority of professional sports has become the norm, in 2006, it was far from standard practice, especially in the world of basketball. At the time, Michael Lewis’s book, Moneyball, was just three years old, and it only highlighted the use of analytics in baseball; perhaps the most straightforward team sport to quantify.
Now, 11 years into his career as a general manager, Morey’s use of analytics to guide NBA decisions ranging from draft picks, to whether a player should go for a three-point shot or a mid-range jumper (hint: take the three point shot) has made him a sports statistics pioneer.
Early Life and Career
While growing up in Medina, Ohio, Morey developed a love of sports. But, according to a profile in Slate, after reading articles written by alleged authorities making predictions for sports teams’ successes that proved way off base, Morey began to question the effectiveness of these experts. Shortly after this realization, Morey happened upon a book by the original sports statistics advocate, Bill James, author of the seminal 1977 book The Bill James Baseball Abstract. James’s data-based philosophy immediately resonated with Morey as the way to mold winning sports teams.
Though he knew early on that he wanted to devote his life to sports, Morey was uncertain of how to gain access to the exclusive business side of the industry. During his time at Northwestern University, Morey sent scads of letters to pro teams, begging for a shot at even the most low-ranking jobs. Each of these letters went unanswered. “So I decided at that point that I had to be rich. If I was rich I could just buy a team and run it,” Morey said.
It was this line of thinking that led the young midwesterner to apply to MIT’s Sloan School of Management. After earning his MBA from MIT in 2000, Morey pursued a career in consulting. Eventually this led to a job working for the Boston Celtics. It was during this time that Morey began applying a statistical model he had developed to size up amateur players to the actual draft. Just a couple of years later, Morey was approached about a managing position for the Houston Rockets, where he has now served as general manager for eleven seasons and has just signed on for an additional four years.
Philosophy and Contributions
At just 21-years old, Morey adapted Bill James’s Pythagorean Expectation, a formula used to predict how many games a team would win, to basketball. “I would have never guessed that you could adapt the Pythagorean to basketball,” James said.
In basketball, Morey is partially credited with normalizing the use of analytics in player acquisitions, as well as approach to the actual game. Under his leadership, the Rockets acquired franchise cornerstone James Harden in what is, in hindsight, already considered one of the more lopsided trades in basketball history. Morey was also instrumental in starting the annual MIT Sloan Sports Analytics Conference, a forum wherein students and professionals can exchange views on the role of analytics in the sports industry.
When asked about his thought processes in Northwestern Magazine, Morey said, “You don’t fool yourself, you take a lot of chances, you cut your losses quickly. That’s all you can do.”
Like the slow-crawl of acceptance sabermetrics toiled through in Major League Baseball, Morey’s analytical imprint on the NBA has routinely drawn the ire of some of the game’s most notable figures, including Hall of Famer, “golfer,” and Inside The NBA host Charles Barkley. In 2015, Barkley routinely chided `the Rockets’ paltry defensive efforts, noting Morey’s tactics of bringing in players seemed fairly basic.
Just two years later, however, and the Rockets are currently riding a 10-game win streak and sit atop of the vaunted Western Conference, with Harden earning potential MVP praise and point guard Chris Paul commanding one of the league’s best offenses. And Morey’s analytical emphasis on three point shooting and pick and roll sets, dubbed “Moreyball,” has never been more prominent. The Rockets lead the league—by far—in three-point attempts per contest, launching a blistering 43.2 per game. For context, the team with the second most three-point attempts per game, the Brooklyn Nets, take 33.8 per game—nearly 22 percent less than Houston.
Stats via NBA.com/Washington Post
The Rockets’ analytical trend may seem extreme, but the rest of the league is still taking notice. The average three point attempts taken per game, nearly a quarter of the way into the 2017-18 season, is the highest ever at 28.7 attempts per game per team; and those figures have gone up every year since 2012. If Moreyball remains a staple of the NBA offense, expect that figure to be broken again in 2019.
Other Pursuits
Morey has a love of musicals, and even proposed to his now-wife Ellen before a production of Grease. It makes sense then that the man the New York Times called a “wizard in the field of quantitative analysis,” has chosen to devote his time to producing a musical. The show, “Small Ball,” is slated to debut in 2018.
