What is an analytical innovator?

A working definition from MIT Sloan

analytical innovator (noun)

An organization that incorporates analytics into nearly every aspect of its strategic decision-making.

Analytically mature organizations use more data sources, including data from customers, vendors, regulators, and competitors, in their decision-making, according to a report from MIT Sloan Management Review. But analytical innovators don’t reach that state of maturity without strong data leadership.

Dimitris Bertsimas, associate dean of online learning and artificial intelligence at MIT Sloan, has developed a pragmatic analytics framework designed to help executives improve their ability to leverage big data for better business outcomes. “Analytics leaders may understand the basics of the modeling, but it is their skillful handling of the data and the decisions that gives them an edge,” Bertsimas said.

The framework — which emphasizes decision-making — is built upon data, models, decisions, and the value delivered by the analytics-enhanced process. The end goal: An analytics practice that is accessible to more business users, enabling the organization to reap the rewards of data-driven decision-making across the enterprise.

Try this data framework for analytics advantage

Working Definitions: Analytics

MIT Sloan's Working Definitions explore the words and phrases behind emerging management ideas.
 

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