In this era of information, analytics has become an integral part of running a business. More and more companies are swearing by the power of data mining and analysis and data-driven insights are complementing experience and intuition when it comes to decision making. Knowledge of analytics – what it is, how it works, what it can do, what it can’t do- has become a key criterion for becoming successful at work place. No wonder, academic institutions of all kinds are striving to provide this knowledge to their students.
Analytics in India
Analytics has taken off in a big way in India as India becomes the global centre for talent in the field. During the early stages of analytics evolution (2000-2010), most companies like Genpact, Symphony, Inductis etc. were looking to hire bachelors and masters in Statistics and Economics from institutes such as Indian Statistical Institute, JNU and Calcutta University. As demand for qualified resources grew, the pool grew to include graduates, postgraduates and PhDs from all quantitative streams such as Math, Science, Commerce and Engineering. Now, BBAs and MBAs are also making their mark in the field. Lack of Trained Resources While India has a large pool of Statisticians, Economists and MBAs for companies to hire from, none of them come equipped with all the skills that today’s employers are looking for. Companies spend precious time, money and resources in training the new hires on the skills required at the work place.
Analytics Training in India
Analytics training options in India are severely limited at this point of time. Some of the largest B-schools like IIM Calcutta, IIM Bangalore and SJMSOM, the MBA college of IIT Bombay have all started certificate or diploma courses in analytics and advanced analytics. Most of the courses are of 1 year duration and are either part-time or full time. While these courses have a comprehensive curriculum, they are again not designed entirely around the needs of today’s workplace. There is too much emphasis on theory and very little exposure to practical and real-life business problems. About 75% of what is taught is not really required in business but is more suited for research. Exposure to analytic tools and software is limited to screen shots and this is a big handicap for anyone looking for a job in analytics.
There are several small training institutes that are trying to fill the demand-supply gap in analytics. However, most of these institutes do not have a rich enough curriculum. They are either training students to be a SAS (or any other tool) programmer or are focusing on a very narrow segment within analytics. The high cost of analytic software is another deterrent to analytics education. While universities in the US get heavily discounted academic licenses, Indian training institutes are not eligible for those. A popular tool like SAS or SPSS could cost lakhs of rupees annually and this increases the cost of analytics education.
What makes a good analytics training?
Training in analytics needs to focus on four different things :-
Statistics for analytics Modeling methodology Analytic techniques Analytic tool training Soft skills for analytics
Finally, analytics education has to include exposure to real-life business situations and data. Real business data is very different from the ‘ideal’ research data that students practice on. It is important that the training methodology includes working on case studies and business projects so students are able to translate what they learn in class to what is used in business.
7: Hi My name is mani, I am looking for some
part time courses, which will be upgrade my
professional life, I finished ITI
automobiles(2yrs). I need expert advise.
Please be help me out
11: Hi.I am an economics graduate and looking for
a suitable course in analysis which does not
require work experience and which offers job
assistance.
I am a b.tech graduate and want to make my
carrier in analytics, primarily data
analytic.
All those degree/ diploma programm listed
above are targeted for an experienced
individual not for fresher.
Can u please tell me some degree / diploma
programm within India for an statistic and
analytical degree
15: To Mr. Gaurav Vohra, Can a Mechanical
Engineer with experience in Procurement &
Supply chain do the foundation course in
Jigsaw. Will it help him in becoming a
Inventory analyst or Supply Chain Analyst ?
16: International School of Engineering
(http://www.insofe.edu.in) is ranked one of
the best training Institute for Analytics
training in India. The testimonials say about
that. I think those who are interested in the
course can join in there. Students who did
their course have gone for higher studies as
well.
17:If you are looking for hands down practical
knowledge or masters in US International
School of Engineering is the best place to
go. Their high profiled faculty and state of
art curriculum has earned recognition from
top universities like Carnegie Mellon etc.
This is a great boost on our resume.
Madhu Manohar replied to: devi
post - 05:10 PM Jun 10, ' 14
18: It is sad to know that Indian training
institutes are not eligible to get discounted
analytics software. Since Analytics is the
next future, the industry should take some
steps to educate as many as Indians for
analytics so that Indian analytics industry
will be at par with other countries.
19: Did some research on your foundation course (
Jigsaw Academy foundation course).Its amazing
that you are ranked No. 1 every where and the
course is on par with IIM-Banglore. I have
enrolled myself. :)
20:Dear Ajitabh Kumar, there are other
institutes like Analytics Training Institute,
NI Analytics etc. Would you still suggest
Jigsaw is good amongst others ?
Akshaya Shetty replied to: Ajitabh Kumar
post - 07:52 PM Apr 30, ' 14
i have 7 years of experience in IT. and
now i want to know about Analytics and i also
want to move to analytics software side.
Could you please guide me on how to proceed
on this.