Asia is an integral part of a world immersed in service systems that are often large and complex. In this era of information explosion, an enormous amount of data has been collected by organizations for various reasons and there is great potential to harness this data to improve individual, organizational and societal well-being.
Analytics deals with the study of data with the aim of discovering new and useful information, validating/refuting existing hypotheses, and creating realistic data-driven mathematical models that facilitate complex decision and policy making. It empowers stakeholders with the knowledge and tools to make informed and timely decisions in a complex environment with risk and uncertainty.
Data Analytics @ GAI explores the integration and development of state-of-the-art analytics with the goal of understanding and addressing relevant and important issues in Asia such as healthcare services and costs, and life cycle financing, among others. It aims to foster inter-disciplinary research that leverages analytics expertise within NUS.
At present, data analytics at GAI is represented by an initiative called HEARTS (Healthcare Analytics Research and Technologies), led by Prof Melvyn Sim of the NUS Business School. Please go to the HEARTS homepage to learn more.
Melvyn Sim is a professor at the Department of Decisions Sciences, NUS Business school. His research interests fall broadly under the categories of decision making and optimization under uncertainty with applications ranging from finance, healthcare, supply chain management to engineered systems. He is one of the active proponents of Robust Optimization and has given invited talks in this field at international conferences. Dr. Sim won second places in the 2002 and 2004 George Nicholson best student paper competition and emerged first place in the 2007 Junior Faculty Interest Group (JFIG) best paper competition. He is also the recipient of the 2009 NUS outstanding young researcher award. Dr. Sim serves as an associate editor for Operations Research, Management Science, IIE Transactions and Mathematical Programming Computations.