The World of Financial Analytics at JKLU……….Aka, Big Data, data Science and Business Analytics

Where the mind is without fear and the head is held high, ……
Where tireless striving stretches its arms towards perfection, ……
Where the clear stream of reason has not lost its way into the dreary desert sand of dead habits; ……

~ Rabindranath Tagore

The above lines by Nobel Laureate Guru Rabindranath Tagore aptly sum up the current trend in management education worldwide – India, being no exception. Big Data, Data Science and Business Analytics has taken the globe by storm. According to IBM, “every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. This data comes from everywhere: sensors used to gather climate information, posts to social media sites, digital pictures and videos, purchase transaction records, and cell phone GPS signals to name a few. This is big data”. JK Lakshmipat University, best MBA University in Jaipur and having best private engineering college in Jaipur has two constituents – Institute of Management and Institute of Engineering which hold a gamut of year round activities. These too, generate a lot of data which contributes to this big data ocean.

With the humungous data being generated, Corporates have realized the potential in its analysis and its contribution to their bottom line. Analyzing big data allows analysts, researchers, and business users to make better and faster decisions using data that was previously inaccessible or unusable. Using advanced analytics techniques such as text analytics, machine learning, predictive analytics, data mining, statistics, and natural language processing, businesses can analyze previously untapped data sources independent or together with their existing enterprise data to gain new insights resulting in significantly better and faster decisions.

This leads us to Data Science and Business Analytics. While the Institute of Engineering and Technology, amongst the top private engineering colleges in Jaipur offers a B.Tech. in Big Data Analytics in collaboration with IBM; the Institute of Management, amongst the best colleges in Rajasthan for management studies, offers MBA Specialization in Financial Analytics through collaboration with Moody’s Analytics, a group company of Moody’s – one of the three big credit rating agencies in the world. This course provides deeper knowledge about the systems, processes, and models prevalent in the financial services industry. The specialization is particularly suited to those seeking careers in which information technologies and data play a key role in managing risk, such as trading, risk management, sales, analysts, management of IT and operations, payment systems, etc.

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Dr. Kapil AroraDr. Kapil Arora, Associate Professor, IM, JKLU

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