- IIM Indore and IIT Indore collaborate to launch first-of-its-kind masters programme
- Two-year online master’s degree programme to receive a degree from IIMI and IITI
- 900 hours of learning, 15 hours live sessions every week, learning from the faculty of both the institutions
IIM Indore aims to remain a contextually-relevant business school that offers world-class education for all. In line with its mission, the institute has collaborated with IIT Indore to launch a first-of-its-kind master’s degree programme. The two-year Master of Science in Data Science and Management is an online programme offering 15 hours of live sessions and a total of 900 hours of learning. The programme has been launched keeping in mind the rise in the demand for efficient data scientists and analysts who can drive an organization towards its success. The inauguration of the programme took place on March 21, 2022, in the presence of Prof. Himanshu Rai, Director, IIM Indore; Prof. Suhas Joshi, Director, IIT Indore; Prof. Neelesh Kumar Jain, Former Acting Director and Faculty, IIT Indore; Prof. Amit Vatsa, Programme Coordinator – IIM Indore and Prof. Parimal Kar, Programme Coordinator – IIT Indore.
Prof. Himanshu Rai expressed delight over the launch of this programme and welcomed the new batch. He shared views on how one can overcome the challenges amid the VUCA world. ‘Volatility can be countered by having a vision. The world is facing volatility, and it can only be overcome by having a vision. How to convert data into something meaningful is the program’s genesis, and your vision would help you utilize this learning. He advised the participants to add imagination to their vision and work towards creating a world they want to be a part of.
He noted that ‘Uncertainty’ could be countered by ‘Understanding’ one another. You would gain immense knowledge from the brilliant faculty members of the institutions; however, the learning you would earn through interacting with your peers would be a life-changing experience. He suggested that the participants defeat ‘Complexity’ through ‘Courage.’ ‘Courage is one of the most important values, for if you aren’t courageous, you cannot have any other value,’ he said. He concluded by advising the participants to counter ‘Ambiguity’ by ‘Adaptability and Agility.’ ‘This world is changing drastically. You need to adapt to the new realities of the world, for the forthcoming years wouldn’t just rely on the survival of the fittest, but also the quickest – who is agile’, he said.
Prof. Suhas Joshi, Director, IIT Indore, noted that businesses need a skilled workforce adept at management and data science tools and techniques in the post-pandemic scenario. ‘Thus, this comprehensive programme offered by the two leading institutes focuses both on business knowledge and technical skills, he said.
Prof. Neelesh Jain also shared his views on the program’s significance and how this programme idea originated. ‘The programme would be focusing on four pillars of the programme, data, enterprise strategy, technology, and people. He said this robustly designed curriculum would aid the participants in numerous sectors of running a business.
The ability to transform humongous data into better business decisions is the key to achieving success and retaining a position in the market for every business. This programme conducted by the faculty members of IIM Indore and IIT Indore would aid participants in identifying the areas where data science can add value and provide inputs to algorithm developers and data analysts, thereby contributing to creating a business impact.
The programme includes sessions on machine learning, artificial intelligence, operations and supply chain management, marketing management, database management systems, programming languages and statistical methods, financial management, HRM, strategic management, information systems, ethics, etc., to name a few. A total of 41 participants from all over the nation have registered for the first batch of this unique programme.