Optimization and Industry: New Frontiers

Optimization from Human Genes to Cutting Edge Technologies The challenges faced by industry today are so complex that they can only be solved through the help and participation of optimization ex­ perts. For example, many industries in e-commerce, finance, medicine, and engineering, face several computational challenges due to the mas­ sive data sets that arise in their applications. Some of the challenges include, extended memory algorithms and data structures, new program­ ming environments, software systems, cryptographic protocols, storage devices, data compression, mathematical and statistical methods for knowledge mining, and information visualization. With advances in computer and information systems technologies, and many interdisci­ plinary efforts, many of the "data avalanche challenges" are beginning to be addressed. Optimization is the most crucial component in these efforts. Nowadays, the main task of optimization is to investigate the cutting edge frontiers of these technologies and systems and find the best solutions for their realization. Optimization principles are evident in nature (the perfect optimizer) and appeared early in human history. Did you ever watch…

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