With an increase in data across the industries, there is a dire need of newer tools and techniques that can quickly and easily collect, store, manage, integrate, manipulate, aggregate and analyze all types of data to positively impact businesses. As it indicates towards a need for business analytics, the flip side is an acute shortage of skilled manpower in this area who can understand the potential of big data analytics and translate analysis outcome to integrate with overall business strategy of the organization. Despite a surge in data science related programs, universities and colleges are not able to produce effective and efficient data scientists fast enough to meet the business demand.
What IFIM offers?
In an effort towards addressing this need in analytics industry and preparing a business environment from the unpredictability and disruption that it can create, IFIM B-School launched the executive PGDM program in September’ 2014. Gaining significant attention from corporate world as well as practitioners, it has enrolled more than 100 business professionals till date from various companies like IBM, Genpact, TCS, Herman Miller, Schneider Electric, Fujitsu, United Healthcare, Mindtree etc. For building world class capabilities for management students and working professionals, the success story of the program has been recognized on various platforms such as IBM.
In line with its previous years’ success, IFIM launches its third successful session for the year 2016-2017. This 15 months’ duration AICTE approved program is uniquely designed for a hybrid model of delivery. The architecture of the course has been so laid out, that it gives emphasis on training and making an individual gain expertise in all major pillars of business analytics such as business acumen, domain knowledge, tools & techniques and problem solving capabilities.
IFIM Institutions established in 1995, founded by the Dalal Street Investment Journal (DSIJ) and promoted by Centre for Developmental Education (CDE), has many accolades under its belt such as the ‘Best Higher Education Institute of the Year-South’ by ASSOCHAM 2016, ‘Outstanding Business School (South)’ at the National Education Awards 2015 and recognized as the ‘Most promising B-School with Excellent Industry Interface’ at the Asia Education Summit 2015.
The program designed for working professionals equips the individual looking for higher career goals in the analytics domain. It trains individual on enterprise-wide perspective on data, result communication, preparing a business intelligence roadmap, and developing abilities that foster an analytical culture within an organization.
Starting with understanding the fundamentals of business analytics and big data technology, it helps a candidate manage business analytics process and get familiar with state-of-the-art software applications for business analytics. It adds skills such as understanding the application of business analytics within an organization, evaluate the impact of analytics on overall strategy, understanding the roadmap for analytics implementation, understanding best practices for business intelligence rollout and much more to their profile.
The biggest perk of the program is the incorporation of real life project that gives an individual a chance to apply their conceptual and technical understanding into solving a business problem in-hand. The program offers hands-on-experience of working with relevant software from IBM, OpenSource and Microsoft.
This 15 month programs, extended over three terms includes 800+ hours of intensive sessions. Apart from the business management subjects, it involves core business analytics subjects
and project along with specialized domain electives and project. It covers all the basic tools used in analytics, advanced EXCEL, R, power BI, analytics framework – predictive analytics, data visualization & design, tools & techniques in big data analytics and more. The final terms of the course involve selecting any two of the specializations among finance, marketing, logistics & supply chain management and HR.
The entire curriculum is designed and delivered by a blend of highly qualified and experienced faculty from IFIM and industry experts. Experienced in-house faculty as well as those from outside are at the helm of this program, making it a good learning experience for the students.
The hybrid model of course delivery is facilitated by the live streaming of lectures and classroom teaching to the enrolled students along with an access to recorded sessions. Any graduate in any discipline with at least 50% marks in aggregate and a work experience of minimum three years and above are eligible to enroll for the course. Keeping in mind the working professionals that make into the enrolment list, there is a convenience of weekend classes including Saturdays and alternate Sundays that they can avail.
In short the curriculum offers a poise between key business concepts with skills in analytical, statistical modelling and data management, and professionals with anywhere from below 5 years to more than 15 years of experience in the industry can enroll for the course.
To further strengthen the hold at academic/ industry interface in analytics, IFIM has established a Center of Excellence in Business Analytics. IFIM Business School has also collaborated with IBM and has set up a business analytics lab to help students enhance their skills in the areas of managerial decision making and strategy. This program initiated by Career Education for Business Transformation (CEBT) focuses on the major areas of business transformation where software plays a critical role. IBM provides relevant software for CEBT training, to address the increasing need for T-shaped skills in the global marketplace.
Apart from IBM, IFIM also has collaborations with organizations like NASSCOM National Stock Exchange (NSE) to offer certified courses in Business Analytics and Data Sciences and Global Financial Markets respectively.
To deal with the ever increasing data and with an advent of the technology in big data space, the focus remains on platforms that provides resources to house cutting edge tools and intensive software. And given the fact that many aspects apart from technical play are critical for successful implementation and roll out of analytics at organization level, the course offered by IFIM offers the right mix of both practical and analytical knowledge hence bringing out the best of analytics industry.
For more details, visit http://www.ifim.edu.in/analytics/
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Srishti currently works as Associate Editor for Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.