Col. (Retd.) Vinay Gupta, Head of Analytics and Operational Excellence, Wind World India Ltd. visited IIM Indore on November 20, 2015 as a Guest Speaker in the Corporate Leadership Series Lectures. This series is been organised by EPGP Corporate Interaction Committee in association with the Industry Interaction Cell at IIM Indore, who plan various guest talks throughout the year. The talk aimed to spark leadership insights in students and to give them a first-hand exposure to business challenges from the industry.
The topic for the session was ‘Monetising Big Data’. Col. Gupta explained what has recently changed with Big Data and how it has enabled individuals to change the speed of analysis and granularity. ‘Analytics is not IT. Analytics is Business’, he claimed. Real time analytics is increasingly being used to provide customised solutions and that has induced innovation. He played the song ‘Every breath you take… I will be watching you’; to symbolise that we are creating ‘signature’ every day, overtime and someone is tracking it. He also spoke about the 4Vs of Big Data- Volume, Velocity, Variety and Veracity.
Col. Gupta then discussed about the Big Data evolution through mobile devices and Internet transactions and its increasing usage on social networking, media and networked devices and sensors.
While discussing applications of big data analytics in health, finance , media and real estate, he gave examples of NIKE and Starbucks and spoke about how they used big data for customer feedback.
The talk was then followed by Q&A session and was attended by the students and staff of IIM Indore. It was an exciting session with insightful lessons in Big Data.