Sunday, March 5, 2017

  • Big Data Analytics (Batch-1) Module-6 Executive Education Open Programme

    Programme Title              : Big Data Analytics (Batch-1) Module-6
                                               Executive Education Open Programme

    Programme Directors    : Profs. Dinesh Kumar, Shankar Venkatagiri & Pulak Ghosh

    Programme Dates           : 2 – 5 March 2017

    Programme Venue         : M-11, IIMB Campus

    Programme Overview   :
    A triad of terms captures the essence of “big data”: volume, velocity and variety. The volume and pace at which data is created can challenge existing computing infrastructure. For example, every flight of a Boeing 777 can generate up to 1 terabyte (~1000 gigabytes) of data. Making sense of this data is imperative for decision making and troubleshooting. The theory of bounded rationality proposed by Nobel Laureate Herbert Simon is evermore significant today with the increased complexity of business problems; the human mind is constrained in its capacity to evaluate alternatives, given limited time to make conclusions.   

    Organisations large and small are forced to grapple with problems of big data, which challenge the existing tenets of data science and computing technologies. Techniques in predictive analytics rely heavily on the validity of statistical concepts such as independent and identically distributed (IID) random variables and the central limit theorem (CLT). When dealing with big data, the validity of these assumptions becomes questionable. Straightforward tasks such as interpreting descriptive statistics have their share of issues. We begin to question the utility of summary measures and diagrams.

    Algorithms that work well on “small” datasets crumble when the size of the data extends into the gigabytes. Time series techniques must be revamped to handle streaming data in continuous time. Social media messages have data formats that are unfit to be represented by traditional databases. While these may appear to be difficult problems, there has been a tremendous progress in big data analytics. For example, columnar databases have significantly boosted query speeds. File systems can seamlessly distribute datasets on multiple hard drives, and facilitate analytics on them in real time. Finally, the free and open source nature of several big data platforms promotes rapid adoption.

    Programme URL:
    http://www.iimb.ernet.in/eep/product/242/Big_Data_Analytics_Batch_1?management=BusinessAnalytics&addurl=L00440&Ref=IIMBsite

  • Global Sourcing Executive Education Open Programme

    Programme Title              : Global Sourcing
                                                      Executive Education Open Programme

    Programme Directors    : Profs. D Krishna Sunder & Jayanth Jayaram

    Programme Dates           : 3 – 5 March 2017

    Programme Venue         : M-21, IIMB Campus

    Programme Overview   :
    In most firms, a majority of committed costs (upto 60%) can be traced to sourcing decisions. Also, the extent of outsourcing has risen to such an extent that rarely do firms make products entirely on their own. Instead, they rely on global sources for procuring products, sub-assemblies, services and capital equipment. Yet, many firms report failures in their global integration efforts. In particular, issues such as risk management, implementing sustainability in foreign contexts and setting contracts in foreign settings are becoming ‘hot’ issues. Through this seminar, we expose the participants to the current trends in global sourcing.

    Programme URL:
    http://www.iimb.ernet.in/eep/product/93/Global_Sourcing?management=OperationsQT&addurl=S00510&Ref=IIMBsite

  • Creating High Performance Organisations Executive Education Open Programme

    Programme Title              : Creating High Performance Organisations
                                                   Executive Education Open Programme

    Programme Directors    : Profs. Abhoy K Ojha & M Krishna Kumar

    Programme Dates           : 3 – 5 March 2017

    Programme Venue         : M-21, IIMB Campus

    Programme Overview   :
    Organizational excellence is a concept that goes beyond financial performance. Further, even when the financial perspective is included in assessing the performance of organizations, it envisages long term sustained performance rather than short term gains. High performance organizations pursue and achieve excellence from the perspective of all stakeholders that engage with it, including the community and larger society. The program is designed to make participants aware of the need and possibilities of creating high performance organizations that meet the aspirations of all stakeholders, and not just shareholders/owners. After establishing the framework for addressing the needs and aspirations of all stakeholders, the program will focus on strategies that are required to achieve excellence from the perspective of employees and society

     

    Programme URL:
    http://www.iimb.ernet.in/eep/product/232/Creating_High_Performance_Organisations3?management=Leadership/HRM&addurl=S00241&Ref=IIMBsite