The Accenture and MIT Alliance will spend the next five years exploring the challenges of harnessing big data and new approaches to improve the science of decision-making.

Accenture Analytics’ senior managing director Narendra Mulani and David Simchi-Levi, MIT professor of civil and environmental engineering and engineering systems, will head-up the team.

“Organisations recognise the need to develop analytics capabilities that turn data into actionable insights in order to attain a competitive edge and growth,” said Mulani (pictured).