Hartford Business Journal – The concept of using large data sets to package information to customers started in the early 2000s with Google, which initially used systems to analyze data on websites to enhance its search engine performance, said Ramesh Shankar, associate professor of information systems at the UConn School of Business.
In the Media
External media mentions
A Fix for Jobless Vets? Make Them Entrepreneurs
CNBC – For a variety of reasons, the solution to joblessness among veterans may be to prod more of them toward entrepreneurship. “This gap is a nut that’s hard to crack, but I actually truly believe that veteran-owned businesses are going to be the thing that heals our country in the next 15 years,” said Michael Zacchea, a retired Marine lieutenant colonel and director of the University of Connecticut’s Entrepreneurial Bootcamp for Veterans with Disabilities.
Students Compete in Analysis of Tool Giant
Do Investors See Through Mistakes in Reported Earnings?
Plan Sponsors Act Defensively in Making Investment Decisions
Plan Advisor – Newly published research finds that plan sponsors’ expectations of performance are driven by past performance, investment consultants’ recommendations, and soft factors which they identify in their asset managers, such as having a consistent investment philosophy, clear decisionmaking processes and capable investment professionals.
Researchers Howard Jones, from the Saïd Business School, University of Oxford, and Jose Martinez, from the University of Connecticut School of Business, say the partial dependency of expected performance on past performance and soft factors is not, in itself, irrational. Investors could use such variables as signals of future performance. However, what they did find irrational is that past performance is relied upon when it is uninformative about future performance, and the same was true for soft factors.
National Science Foundation Awards UConn $300K
Hartford Business Journal – The National Science Foundation has awarded UConn $300,000 to become an I-Corps Site and create the Accelerate UConn program, fostering entrepreneurship and creating businesses out of technology developed at the school.
Downtown North Project in Hartford to Break Ground This Month
Report Finds “Conflicts of Interest” Have No Effect on FDA Advisory Committee Votes
Policy and Medicine – Stringent conflicts-of-interest policies keep many experts off of FDA advisory committees. A new study suggests that the fear of pro-industry bias underlying these policies may be misplaced, and also serves to keep highly qualified candidates off of these committees.
James C. Cooper, director of research and policy at the Law and Economics Center at George Mason Law School and Joseph Golec, professor of Finance of the University of Connecticut, who conducted the study, sought to compare conflicted members’ voting patterns with objective criteria. They found that decisions by advisory committees with conflicted members to recommend drugs were more likely to be consistent with both the ultimate FDA decision as well as stock market predictions than non-conflicted advisory committees and members.
Numbers Are In: High Hopes For 2014 Connecticut Home Sales Went Unfulfilled
Hartford Courant – A new report from Connecticut Realtors shows that the promise early in 2014 for a third year of gains in home sales fizzled by the end of the year. “They are being cautious and more conservative before they make a big purchase like a home,” said Jeffrey P. Cohen, associate professor of real estate and finance at the University of Connecticut’s Center for Real Estate in Storrs.
Greater Hartford Accounting Firms Facing Workforce Shortage
Hartford Business Journal – Hartford area accounting firms say they are on a hiring spree to address a region-wide personnel shortage driven by heavy workloads, increased competition for talent, and professional burnout.
While accounting has historically been an in-demand profession, a few changes in recent years have amplified competition among firms and corporations recruiting talent, said Mohamed Hussein, a professor and head of UConn’s accounting department, which graduates over 100 accounting majors per year.