ITQM and IAITQM History

The History of the International Academy of Information Technology and Quantitative Management
Theory of management and business practice has increased the world productivity and human living standards. The rapid development of information technology since 1990's has been a great drive power in speeding up the efficiency of management theories, such as finance, economics, monetary markets, and accounting, used in human daily life. It has been evident that information technology heavily improves management performance; especially any management with data-based quantitative analysis. The needs of quantitative management also affect the advancement of information technology.

However, the existing international associations either favor for information technology or focus on management analyses. Some associations emphasize the use of information technology to improve management performance, but do less on how management tools can reshape the development of information technology.

Since 1996, the Peter Kiewit Institute (PKI) of Information Science, Technology and Engineering in Nebraska has a very successful experience to bring business leaders, industry partners, educators, scholars, and professionals together to provide a top-flight education to students interested in pursuing careers in fields of information science, technology and engineering.

In 2007, the Chinese Academy of Sciences has established China's first national research center "The Chinese Academy of Sciences Research Center on Fictitious Economy & Data Science (CASFEDS)" to merge the research activities in economy, finance and data mining at Beijing.

International Journal of Information Technology and Decision Making (IJITDM), founded by Yong Shi in 2002, has published about 400 papers, contributed by more then 900 authors from 48 different countries in the world. All of these publications are across the fields of information technology and quantitative management. This journal will serve as a good start in building communication platforms to enhance the exchanges of ideas, research findings and business practice related to information technology and quantitative management. At the Big Data era, it is just a right time to consider how to physically bring educators, scholars, policy makers, and professionals around the world in the fields of information technology and quantitative management together to exchange their fresh thoughts, creative ideas, research findings and business experience to further benefit humanity.

This new organization shall be called International Academy of Information Technology and Quantitative Management (IAITQM), which covers any information technology driven research and practices as well as Management issues in terms of data analyses. Currently, IAITQM has given a birth to Business Analytics (BA) and/or Business Intelligence (BI). In the future, IAITQM can produce more new fields to fundamentally change human lives.

The inauguration meeting of IAITQM successfully took place in Omaha of United States on Sunday, June 3, 2012. More than 50 participants, coming from China, United States, Australia, South Korea, Japan, The Netherlands, Poland, Romania, Singapore, Spain, Lithuania, Turkey and other countries, attended the meeting. Professor Yong Shi of CAS FEDS and University of Nebraska at Omaha presided over the meeting. IAITQM is glad to have Prof. Siwei Cheng (Director of CAS FEDS), Mr. Walter Scott (Chairman of Level 3 Communications Inc., board member of Berkshire Hathaway Inc) and Prof. James Tien (University of Miami) to serve as the Honorary Chairmen. IAITQM attendees discussed and passed the IAITQM bylaws, and held the first election. Attendees elected Prof. Yong Shi as the President, Prof. Peter Wolcott as the Vice President for Conferences, Prof. Wikil Kwak as the Vice President for Finance, and Prof. Jianping Li as the Secretary. According to the bylaws, the attendees also elected five committees and their chairpersons, namely, the advisory committee, the awards committee, the executive committee, the conferences committee, and the publications committee.