The three premier institutions from Eastern India IIT Kharagpur, IIM Calcutta and ISI Kolkata have teamed up to offer this unique program in the emerging area of Business Analytics. The field of business analytics aims to analyse understand and interpret large data sets from a business point of view. Technology and practices in this area are evolving rapidly and this course is expected to groom professionals with a strong foundation in statistics and machine learning, technology and business processes and applications, who will be ready for a career in this exciting field. The program will create high quality manpower for the fast growing analytics industry.
The amount of data being produced and captured is increasing at an exponential rate across business domains. International Data Corp. (IDC) forecasts that data production will increase to 40 Zettabytes (or 40 billion terabytes) by 2020, 50 times more than in 2010. This enormous amount of data can be used by business enterprises to generate new insights, enable better decision making and improve processes of organizations. Business analytics involves the analysis of data using statistical, machine learning and quantitative techniques with the purpose of understanding past performance of the business and generating new insights for the future. Despite the growing significance of business analytics, the supply of trained analytics professionals is lagging far behind the demand for such professionals. In India, the analytics market is expected to double between 201 and 2018, reaching a figure of US$ 2.3 billion by 2018, according to a report published by Nasscom and Blueocean Market Intelligence. There will be a shortage of about 200,000 data scientists in India over the next few years, according to sources in the Analytics Special Interest Group set up by NASSCOM. Hence, creation of trained industry-ready business analytics professionals is the need of the day.
This is a two year full time residential diploma programme aimed at creating business analytics professionals employable by leading Indian and foreign firms. This programme is designed for those who have an analytical mindset, are interested in tackling challenging business problems, and possess an inclination towards mathematics. Some of the salient features of the programme include courses taught by reputed faculty members at the campuses of three globally renowned institutes, hands-on business analytics training at a related company, continuous interaction with industry leaders throughout the course of the diploma programme.
A workshop was conducted this January at IIM Kolkata inviting experts from various industries to discuss the analytics needs of the industry,the course content of this program and how the course needs to be strategized. This program was enthusiastically welcomed by the representatives of various industry as it is expected to cater to the growing need of professionals and address the talent gap in this important area.Based on feedback from the workshop different aspects of analytics were explored. A variety of skill set requirement was indentified. These skill sets are readily available with IIT, ISI and IIM. The 1st semester at ISI will focus on mathematical foundation, statistical and machine learning theories for analytics. The 2nd semester at IIT Kharagpur will focus on the engineering aspects of analyzing huge volume of data. Different departments and schools in IIT-KGP are involved in the program including the Department of Mathematics, Department of Computer Science and Engineering, Vinod Gupta School of Management, School of Information Technology and Rajendra Mishra School of Engineering Entrepreneurship. The Head of Vinod Gupta School of Management is coordinating the program at IIT Kharagpur. The 3rd semester at IIM Calcutta will concentrate on application of analytics in functional areas.In the 4th semesterthe students will be required to do an internship of six months duration on an analytics project in a business organization.
Students of this course may avail placement opportunities at all the three institutes jointly offering this programme.Students successfully graduating from the programme will be expected to join organizations working in the area of analytics. Those interested in higher studies may pursue doctoral or other advanced studies in areas related to analytics.
This programme is designed for those who have an analytical mindset, are interested in tackling challenging business problems, and possess an inclination towards mathematics.To be eligible to apply for PGDBA a candidate must hold a graduate/post graduate degree with a minimum of 10+2+4 years of formal education. Candidates, who are in the final year, are also eligible to apply provided they complete their formal education as specified above by June 30, 2015. Besides, the candidate must have a valid score for CAT, GMAT, GRE, GATE. The course will commence on June 22, 2015. The tuition fee for the 2-year programme for the 2015-17 batch is Rs 16.20 lakhs. There is provision for merit-cum-means scholarships for deserving candidates. The last date for receiving the Application Form is April 17, 2015. There are a maximum of 60 seats in PGDBA in 2015-17.
In the first few days of the advertisement of the program, the institutions have received very enthusiastic response from potential candidates. The admission process is on and the details about the program and admission information are available in the site http://www.iimcal.ac.in/pgdba
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