In the last one hundred years, World has witnessed the rise and fall of various professions that have given rise to and supported revolutions of time. In the recent past during 60s and 70s, there was rise of Engineers and Scientists who have supported Scientific and Green Revolution. During 80s and 90s, there was rise of Computer Scientists and Information Technology Professionals who have supported Information Technology Revolution. The latest in 21st century there is rise of Professionals in Business Analytics supporting Analytics Revolution.
According to Data and Analytics Report (KPMG-2014), 71 percent of Asia Pacific Companies believe that business analysts will help in identifying crucial insights that would have missed otherwise, 73 percent of American Companies think that business analysts will help in analysing information with great speed allowing them to make better decisions, and by 2015, the US alone will face a shortfall of 1.5 million data-savvy managers with know-how to analyse data, and make effective decisions.
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According to a recent report published by National Skill Development Corporation (NSDC), about 14 lakh people are required in BFSI by 2022. With a renewed emphasis on financial inclusion, the talent need for business analysts will be more. Again, according to a report titled “Institutionalization of Analytics in India: Big Opportunity, Big Outcome” published by National Association of Software and Services Companies (NASSCOM) in partnership with Blueocean Market Intelligence, the Analyst market in India is expected to be more than double to US$ 2.3 billion by the end of 2017-18. As organizations, big and small, realize the value of data-driven decisions, the demand for skilled business analysts will only be upward. It is interesting to note that among the skills in demand in the Indian Market, business analysts rank in the top five. With the enormous increase of companies venturing into analytics space, a high demand for business analysts is observed in tech firms like Google, Linkedin, Amazon, Ola, to legacy firms like the City, SwissRe, Standard Chartered, J P Morgan, and organizations in every industry are boarding the Data Science and Analytics bandwagon.
In an effort to make the growing requirement of Data Professionals and Scientists, GSIB in collaboration with IBM have jointly launched a co-branded one year PGDBA Programme. There is no doubt that there will be unparalleled opportunities for those with business analytics skills. As a matter of fact that the scope for business analysts will so permeate India Inc. that 15 years from now, it is predicted that Professionals with no analytics and big data skills will have no scope for growth.
In India, many should have gone through undergraduate/post-graduate Programmes that emphasize quantitative thinking. But they are not readily employable for the simple reason that quantitative thinking is necessary for employment in the corporate world but not sufficient. The PGDBA Programme is designed to cultivate all those students who have quantitative thinking, but to turn them around as Professionals in Business Analytics across all industries from increasing the efficiency of hospitals to stimulating exports.
I invite students who have quantitative thinking and who wish to join the business analytics movement in the 21st country. It is rewarding. It is challenging.
I promise to offer the best of education and hands-on-experience in business analytics with support from
Dr V K Kumar
Dean and Director