Welcome to all mathematics majors, and especially to our 22 Freshman majors. This is the first Department of Mathematics Newsletter for Fall 2014.
New Mathematics Gallery, Science Museum , London
Zaha Hadid Architects design for the new maths gallery that will open at the Science Museum in London in 2016:
Meanwhile, back in New York city …
The Museum of Math in NYC, opened in 2012, is going strong. The Museum is located at 11 East 26th Street in Manhattan and is open from 10:00 AM to 5:00 PM, seven days a week, 364 days a year (MoMath is closed on Thanksgiving Day).
BA-BS/MAT 4+1 program
Each year several of our Mathematics majors intend to teach mathematics at the Middle or High School level. The Department of Mathematics is currently in discussions with the STEM Education Department to give intending Middle and High School mathematics teachers the option of taking Education courses in their Junior and Senior years. For students admitted into this program, this arrangement will have the effect of allowing them to complete a Master’s degree in Education, and gain their teaching license, just one year after graduation. Stay tuned.
Career Girls: Mathematician “The Beauty of Statistics”
“The end product of an analysis is not a model: it is rhetoric. An analysis is meaningless unless it convinces someone to take action. In business, this typically means convincing senior management who have little statistical expertise. In science, it typically means convincing reviewers.” Hadley Wickham
When Gary Davis’s wife wanted to start an online subscription knitting business, the UMass Dartmouth professor did what any statistician would do — he began seeking out available data to analyze. After a few days of online searching, Davis found just what he needed — a site that surveys knitters. “I didn’t go looking for big databases, I went out looking for surveys and it turns out there’s a group that does surveys on people who knit,” Davis, a mathematics professor, said. “In the United States, there are 54 million people who identify themselves as knitting.”
After reviewing the data, Davis, advised his wife to specialize in sock knitting, a style he learned attracts one-third of all U.S. knitters. “If your website is based around socks, you know you’re going to get a higher hit rate because it’s a much more specific, well-defined area,” said Davis. “So using the available data to cut down and focus your demographic can lead to higher returns.”
Leveraging large quantities of data to optimize business strategies, better understand customers, and grow profits is a tactic regularly used by large companies, but all too often small businesses shy away from big data analysis in their decision-making. But Davis and his UMass Dartmouth colleague and data scientist Donghui Yan say today’s data world includes new options for small business to collect and crunch information and that even small steps can lead to profit gains. Yan and Davis are behind a university move to create a degree program in data science, training undergraduate and graduate students, and serving as a local resource for small business. Yan was recruited to UMass Dartmouth this year to help build the program, having worked in big data analysis for Walmart Labs in San Bruno, Calif.
“Almost every major corporation has either a department or some employees dedicated to modeling or data science because they want to leverage this data and use the information to help their business,” he said. “Data is money… It’s very valuable.” Walmart, Yan said, knows this lesson well, translating its big data analysis into $10 billion in online revenue last year alone. A statistician with a Ph.D. in the field, Yan’s role at Walmart was to help create an online recommendation system for the retail giant to suggest additional products that other customers have purchased together. Walmart also uses data to optimize placement of its products in stores, he said, tracking one arrangement versus another and then implementing the better model. “Walmart is very famous for its logistics,” said Yan. “They use this kind of information for the so-called buy together products…to ship those together and save costs.”
So how do small businesses follow in Walmart’s footsteps without becoming overwhelmed with data? One possibility, Yan said, is simply to observe the bigger companies who do this well, like Walmart and Amazon. Pay attention to how they group and sell products and begin formulating simple tests of your own, he said. “Basically, small businesses don’t need to own data or find data, they can take advantage of the bigger data that exists,” he said. Valuable information can also be sourced online, including restaurant review sites, surveys, and databases. Other sources, like tapping into Google’s big data research through Google Adwords, are worthwhile paid services, Yan said.
One Dartmouth small business owner believes her decision to collect and analyze data has led to the continued growth of her seven-employee salon. Nine years ago, Lisa Leite, of Salon en Vogue in Dartmouth, installed a system that allows her to track salon customers and purchases. The data she gets helps her keep adequate inventory of fast-moving products, decide when a slower-moving product needs a marketing boost, and create incentives for her staff to sell products. “We can keep track of what goes out, how much, and with whom and how much we’re using in a month,” said Leite. “It helps me look at everything and have a goal for the next year.” She has never regretted the investment, she said. “It just really organizes your business. I would never go back.”
For small businesses, starting with the right questions can be crucial to success, so getting expert assistance in the design stages of a data project can facilitate the process. Big data analysis is a cyclical process, Yan said, progressing from collecting information, to simple analysis and then communication of results in a way that makes sense to stakeholders. More data is generally collected through the three-step process at which point, you start again, he said.
Davis is hoping the university’s new data science degree, which only needs Board of Higher Education approval, can also provide a local resource and help make New Bedford a “data-rich city.” “We’re hoping our students will be able to work in internships with people in small business around the area. We’re really looking for a lot of connections with the local businesses and local community,” he said.