Emerging trends – business analytics

The Need: The amount of data being generated globally increases by 40 percent a year, according to the McKinsey Global Institute, the consulting firm’s research arm. Gartner predicts that data will grow 800 percent over the next five years and 80 percent of the data will be unstructured. International Institute for Analytics predicts that “ Big data analytics will top all other areas of growth in analytics during 2012 due to the rapid expansion of social, mobile, location and transaction-based data taken in by various industries. As the volume of enterprise data sky-rockets, an industry is growing up around using this flood of information to help companies operate more efficiently and sustainably.

Companies increasingly will be deploying sophisticated software as a key component of their sustainability strategy. Mu Sigma, for example, an Indian firm providing data analytics and decision support services for global enterprise, secured a $108 million investment round led by General Atlantic. My smartphone produces a huge amount of data, my car produces ridiculous amounts of really valuable data, my house is throwing off data, everything is making data,” said Erik Swan, 47, cofounder of Splunk, a San Francisco-based start-up whose software indexes vast quantities of machine-generated data into searchable links. Companies search those links, as one searchesGoogle, to analyze customer behavior in real time.

The Education programs train students on: Data Collection and Integration Processes for Enterprise Decision Making Advanced Data Analysis Database Management Web Analytics Marketing Analytics Process Optimization Text Mining The Nomenclature of Education Programs: Masters of Science in Analytics Masters of Science in Predictive Analytics Masters of Science in Business Intelligence Masters of Science in Business Analytics Masters of Science in Data Mining Certification in Data Analytics Duration of the Program: 10 months to 18 months Statistical Methods and Models Predictive Analytics Advanced Statistics Financial Analysis Predictive Modeling Data Warehousing Data Mining Techniques Mining Genomics Data Some of the Indian Institutions that are helping students gain data analytic skills are: Institutions Indian Institute of Science http://www. mgmt. iisc. ernet. in

Location Bangalore Program Name Master of Management Program Length 24 Months (Full Time) Contact Details Department of Management Studies IISC Bangalore 560 012 Phone: +91-80-2293 2567 (Office) Fax: +91-80-2360 4534 E-mail:[email protected]iisc. ernet. in The Administrative Officer Executive Education Programmes IIM Bangalore, Bannerghatta Road, Bangalore 560 076 Phone : +91-80-26993475 /3660/ 3264 /3742 Fax : +91-80 – 26584004 / 26584050 E-mail :[email protected]ernet. n Admissions Office Indian School of Business Gachibowli, Hyderabad-500032 Phone: +91 40 2318 7474 /7484 /7494 Fax: +91 40 2300 7099 Admissions office Address: Praxis Business School, Next to Akademia International School, Bakrahat Road, P. O. Rasapunja, Kolkata – 700104 Phone: +91 98368 77599/ +9133 24980553/4 E-mail:[email protected]ac. in Indian Institute of Management Bangalore http://www. iimb. ernet. in Bangalore Certificate Programme on Business Analytics and Intelligence 12 Months (Part Time) Indian School of Business http://www. isb. edu/ Hyderabad Part of the MBA program Analytics Labs (only for enrolled MBA students) 12 Months (Full Time) Praxis Business School http://praxis. ac. in (Knowledge Partners PWC and ICICI) Kolkata Post Graduate Program in Business Analytics