Data are becoming the new raw material of business
The Economist


MIT’s $75,000 Big Data finishing school (and its many rivals)

New courses target the need for managers and techies to talk to each other as data proliferate

For most students, a top degree in a field such as computer science or maths ought to be a passport to a career perfectly in tune with the relentless digitisation of work.

For the 30 graduates taking up a new one-year course at MIT’s Sloan School of Management in September, it will be only the prelude to a spell in a Big Data finishing school.

This first cohort of students will pay $75,000 in tuition fees for their Master of Business Analytics degree, with classes ranging from “Data mining: Finding the Data and Models that Create Value” to “Applied Probability”.

They will be calculating that the qualification will sprinkle their CVs with extra stardust, attracting elite employers that are trying to find meaning in the increasing volumes of data that businesses are generating. Continue reading