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Who will do better at decision making for company management? Alpago OR CEO?2016-10-27Hit:876

Who will do better at decision making for company management? Alpago OR CEO?

The World’s Biggest Academic Conference on Future Management was held at HoSeo University until Aug. 18th

ITQM, the world’s biggest academic conference on future management through big data and quantitative analysis, was held at HoSeo University’s Asan campus from Aug 16th to Aug 18th. 

ITQM was initiated in 2012, and it was previously held in China, Russian and Brazil. For its 4th academic event in Korea, ITQM invited more than 200 industry experts from 24 nations to exchange recent research results. The main component of this academic conference is a thesis on how companies utilize artificial intelligence, big data, Internet of the Things to optimize decision making in management. The conference especially got attention for having Fred Glover (an honorary professor of the University of Colorado), who is acknowledged to be the highest authority in this particular field, as its guest speaker.

The main subject of the conference is on business analytics and management of technology. Business analytics is a more advanced technique than the former business intelligence, which supported business decision making based on standardized data, because it provides insights to predict future through its consecutive interpretation of real-time data.

Professor Hee-Seok Lee, the head of KAIST’s graduate school of Information & Media, emphasized that the advance in business analytics will open a new age, when computers make better managerial decisions than CEOs. 

By Ji, Myoung Hoon (mhjee@donga.com)

Contact : Lee, Sohyun ( sohyun.c.lee@kaist.ac.kr )