Analytics Case Study Competition and Symposium (ACCS), Prabandhan 2016 was held at IIT Kanpur
Indian Institute of Technology, Kanpur (IIT Kanpur) conducted ‘Prabandhan 2016: Analytics Case Study Competition and Symposium (ACCS).
Data-a word that we use so much in day to day lives, and yet never give it the credit it deserves. For instance, a single strand of DNA contains 1.5GB of data. Every single creature walking the face of the earth right now is nothing but a collection of data. That sounds mechanical but is quite true.
Now imagine being able to harness the power data holds to make our lives better, easier and more systematic. This is exactly what Big data analytics aims to provide. The amount of digital data in the universe is growing at an exponential rate, and constantly changing and shaping how we live. With less than 0.5% of the world’s data currently being analysed, it’s time to tap into all existing resources to harness the potential.
The power of data is not inherently in the data, but in the ability of an organisation to make sense of it. Theoretically, the data in the world doubles every year. Harnessing the insights is a technical task, and it requires individuals who can learn and relearn at the pace of the industry. The big data industry is an industry of the future since cloud and IoT shall increase the amount of data available, and so is the demand for the professionals to cater to these demands.
IIT Kanpur is one of the very first institutions in the country to sense the currents and set sail. The MBA program offers analytics as specialisation and the graduates of this program learn to employ tools to support different functional areas of organisations belonging to various industry domains. Business Analytics are used in industries like financial services, retail, healthcare, manufacturing, energy, oil & gas, telecom, sports, etc. Having more information on hand is a panacea in the uncertain business world, and training students through real-life case studies instil a more logical thought process.
Source: Kriti Doneria, HTCampus Specialist