[ Back to EurekAlert! ] Public release date: 21-May-2012
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Contact: Karthika Muthukumaraswamy
karthika@siam.org
267-350-6383
Society for Industrial and Applied Mathematics

New report highlights the role of math and computational science in industrial innovation

PHILADELPHIA, PA May 21, 2012 The Society for Industrial and Applied Mathematics (SIAM) is pleased to announce the release of its latest report on Mathematics in Industry.

Mathematical and computational sciences have many applications in industry, some that have dramatic effects on the bottom line of companies, and others that simply allow organizations to function efficiently in the 21st-century data-rich marketplace. A newly-developed technology is not confined to the group or company that designs it, but contributes to the enrichment of science as a whole.

Mathematical scientists in industry work in interdisciplinary team environments, with mathematical methods and successes often attributed to the larger dominant discipline of the team or research group. The goal of this report, which was funded by the National Science Foundation, is to underscore the essential role of mathematics in these diverse disciplines, and to help raise awareness of the value of mathematics in industry. The report is a combination of focus group meetings with industrial scientists, online surveys of recent doctoral degree recipients, and onsite interviews with over 50 senior scientists and managers from dozens of corporations.

It includes insights from a total of 145 mathematical and computational scientists, encompassing a broad range of professions and disciplines.

The centerpiece of the report is a set of case studies developed through interviews with scientists from 14 major industrial sectors, and describing various applications including business analytics and optimization, manufacturing design and virtual prototyping, quantitative drug design, financial risk analysis, production planning and supply chain management, and information retrieval and data mining.

Students wanting to learn about the various applications of mathematics, educators attempting to prepare them for non-academic jobs in the field, and industry professionals seeking to explain the significance of mathematical methods will find value in this report. In addition to exploring the skills and traits that are needed to succeed in the fast-paced, multidisciplinary, production-oriented environment in industry, it emphasizes the need to better connect academic, government, and industrial scientists, and match education to the real-world demands of the workplace.

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A PDF of the report is available at: http://www.siam.org/reports/mii/2012/

Interview opportunities are available with select contributors to the report. Please contact pao@siam.org if you are interested in setting up an interview.

About SIAM

The Society for Industrial and Applied Mathematics (SIAM), headquartered in Philadelphia, Pennsylvania, is an international society of over 14,000 individual members, including applied and computational mathematicians and computer scientists, as well as other scientists and engineers. Members from 85 countries are researchers, educators, students, and practitioners in industry, government, laboratories, and academia. The Society, which also includes nearly 500 academic and corporate institutional members, serves and advances the disciplines of applied mathematics and computational science by publishing a variety of books and prestigious peer-reviewed research journals, by conducting conferences, and by hosting activity groups in various areas of mathematics. SIAM provides many opportunities for students including regional sections and student chapters. Further information is available at www.siam.org.



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