GOA:
Big Data Analytics (BDA) has created a new paradigm of facts-based or data-driven decision making in the area of management. The world of business has recognized its prowess and many companies have already adopted it in varying degree. But BDA is not confined only to businesses and it holds huge promise to serve governments in policy formulations as well. Goa Institute of Management (GIM) in its 25th year of operation has decided to make its foray into this area.
After careful study of the prevailing market for analytics education in the country consistent to GIM’s mission to nurture leaders for sustainable business, the B-school has decided to respond to the emerging paradigm of Big Data by incorporating it into its course structure and has introduced the Post Graduate Diploma in Big Data Analytics (PGDM-BDA) programme from this academic year 2018-19. The two-year full time residential course in Big Data Analytics is the only one of its kind in the country.
The vision for this programme is to prepare future ready managers who are well versed with the prowess of BDA with hands-on experience with handling of tools and techniques in vogue, so as to manage their respective domains most effectively.
The programme is structured to have a 40:60 mix of business knowledge and BDA related experience. GIM has a state-of-the-art Data Science Laboratory with cloud service which will enable the students to have hands-on training on actual data sets. The programme involves extensive application of case-based learning, use of simulations, seminars, and actual hands-on training, assignments both at individual and group levels, and intensive exposure to the actual business problems through on-site industry projects. The students are encouraged to creatively think about business situations, proactively anticipate issues and problems, and innovatively deal with them such that they are fully prepared to plunge into the business world to make a challenging professional career.
Said Prof. Ajit Parulekar, Director, GIM, “The jobs of the future are jobs that have not yet been created. We took a hard look at what’s the future of management education and the future of employment in the industry. Today business is not conducted in the same way it was done 2 decades ago. There is no business today which is not in the business of analytics. New cutting edge verticals is where GIM’s expansion plans will take place and the BDA space is one such vertical. Goa Institute of Management (GIM) in its 25th year of operation has decided to make its foray into this area with the Big Data Analytics (PGDM-BDA) programme.”
According to the U.S. Bureau of Labor Statistics, business analyst jobs are predicted to increase by 22 percent by 2020. According to a recent McKinsey & Company big data report, by 2018, the United States alone could face a shortage of 140,000 to 190,000 professionals with deep analytical skills, as well as 1.5 million managers and analysts with the know-how to analyse the large chunk of big data to make effective decisions.
The same trend is observable even in the Indian job market. India is likely to be the supply hub for this demand. The analytics market in India could more than double from the current $ 1 billion to $ 2.3 billion by the end of 2017-18 according to an Industry Report by NASSCOM. According to the Big Data Salary Report 2016 prepared by Jigsaw Academy and Analytics Vidhya, the job market across India is seeing a 32.2 percent demand with people having qualification in business analytics over and above degrees in IT or business administration or even doctorates. This is six to eight times more than the demand for IT jobs that is 26.4 percent nationally.
