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The Analytics Edge: How to turn data into competitive advantage

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Data can help increase efficiencies, increase profitability and fuel innovation. Without the right talent to analyze and translate that data, and without leaders who trust the data and understand it well enough to make good decisions, businesses will be left behind.

In this five-article download, MIT Sloan faculty and thought leaders share their insights into identifying and interpreting data sources, making data-driven decisions, and applying the tools of modern data science, optimization, and machine learning to solve real-world business problems.

Here’s what’s inside:

• Data literacy for executives. Leaders need to understand data enough to make the best decisions, drive literacy across the organization, and create a culture of trust in data.
• Try this data framework to gain an analytics advantage. There is an art to finding the right data, cleaning it and shaping it to fit your needs. Here are seven pro tips to get the job done right.
• In-demand data and analytics skills you can hire now. Companies are looking for more than just mastery of the programming language when it comes to hiring for data and analytics roles. Four hiring managers share their must-have lists.
• What is synthetic data and how can it help you? Synthetic data — which resembles real datasets but doesn’t compromise privacy — allows companies to share data and build algorithms more easily.
• How to build an effective analytics practice. The MIT Sloan Faculty of Business Analytics shares mistakes to avoid, strategies to adopt, and the technology developments that excite them most.

The Analytics Edge: How to turn data into competitive advantage

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Further reading: Ideas and insights into data from MIT Sloan

Further Reading: Analysis ideas and insights from MIT Sloan experts

Source: mitsloan.mit.edu