Business Analytics uses sophisticated quantitative and statistical analysis as well as predictive modelling to gain insights that leads to improved business results
Taking decisions based purely on a “ hunch” is no longer an option in today's complex and unforgiving business environment. A lot of data including “ Big Data” needs to be analysed to arrive at the optimal way forward. Because of the vast amounts of data available, specialised techniques are needed to make sense of the underlying information. This is where Business Analytics comes in.
Business Analytics uses sophisticated quantitative and statistical analysis as well as predictive modelling to gain insights that will lead to improved business results. It will be indispensable for all large business organisations in the 21st century and also one of the hottest career options.
IBM Business Analytics software covers the entire gamut of requirements and includes Business Intelligence, Enterprise Performance Management, Prescriptive Analytics, Predictive Analytics, Marketing Analytics and Risk Analytics.
To formalise the tie-up , an IBM Business Analytics Lab was inaugurated by Mr. Dilpreet Singh, Vice President & Head HR, IBM India, Mr. Sunil Kant Munjal, Chancellor, BML Munjal University, and Professor G. Anandalingam, Dean, Imperial College Business School, at the BML Munjal University (BMU) campus in District Gurgaon, Haryana on 21st April.
In this Lab, under the Career Education programme, IBM is providing relevant software and training to the faculty members of BMU using various industry case studies.
Post the completion of the faculty development programmes, the faculty members of BMU will train MBA students on Big Data and Descriptive Analytics to start with and soon proceed to topics on Predictive Analytics. The objective is to enable future business managers with the requisite skillsets to succeed in any business, industry or function they choose to be in.
The MBA programmes at BMU have been co-designed by BMU’s academic mentor Imperial College London, ranked 2nd in the latest QS World University Rankings. Commenting at the inauguration, Mr. Sunil Kant Munjal, Chancellor, BML Munjal University said, “Business Analytics is a growing field and is assuming huge worldwide importance. We have worked hard to formulate an MBA course that is relevant to India - one that allows BMU students to become capable managers of the future."
Also commenting on the occasion, Mr. Akshay Munjal, President, BML Munjal University said, “BMU believes in collaborating with the best in industry and imparting practically oriented knowledge which is the need of the hour. The tie up with IBM will allow our MBA students to gain industry relevant skills and will improve their employability prospects upon graduating from the University.”