This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Accenture And MIT Form Alliance For Advanced Analytics Solutions

The Massachusetts Institute of Technology (MIT) and Accenture (NYSE: ACN) today announced a five-year research collaboration to develop advanced analytics solutions. The alliance’s research aims to close the gap between the advance of analytics technologies and their successful application in specific industry and government environments.

The Accenture and MIT Alliance in Business Analytics combines Accenture's industry and analytics expertise with MIT's scientific and technological leadership. Its two streams of collaboration cover the challenges of harnessing big data and new approaches to improve the science of decision-making. The alliance will be headed by Narendra Mulani, senior managing director, Accenture Analytics, and David Simchi-Levi, professor of civil and environmental engineering and engineering systems at MIT.

“Organizations recognize the need to develop analytics capabilities that turn data into actionable insights in order to attain a competitive edge and growth,” said Mulani. “The challenge comes in fine tuning and applying analytics technologies to very specific issues and our studies show that organizations are not currently satisfied with the return on their analytics investment. Our alliance with one of the world’s most prestigious research institutes will help our clients achieve better outcomes driven by their analytics efforts.”

A recent Accenture study of organizations in the United States and the United Kingdom revealed that the adoption of analytics is growing and that, compared to a similar analysis conducted three years ago, the use of analytics as a primarily predictive tool has tripled. However, only 22 percent of the respondents said they were very satisfied with the business outcomes delivered by their analytics investments to date and only 39 percent said that the data they generate is relevant to their business strategies.

“Through our collaboration with Accenture we believe we can make important progress in creating new knowledge and in tackling some of the many data challenges faced by organizations today,” said Simchi-Levi.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs