Mu Sigma, a leading big data analytics and decision sciences company, and the TA Pai Management Institute (TAPMI) have launched 'Mu Sigma-TAPMI LEAD Programme.'

Touted to be the country's first PG certificate in leadership through analytics and decision sciences, the programme will offer PG certificate in leadership through analytics and decision sciences.

The aim is ‘to create a new breed of leaders with required learning mindset to solve real-world business problems of tomorrow,’ a spokesperson said here.

Programme structure

Students of the programme from Kerala and other southern states will be offered the role of a ‘trainee apprentice leader’ by Mu Sigma and fast-tracked into a global leadership role in analytics. “They would also have the opportunity to be appraised into a full-fledged apprentice leader and run their own customer engagements within a year,” a spokesman said here.

The programme will run over an 11-month period and will involve training at both TAPMI University and Mu Sigma premises. The TAPMI faculty will deliver training on the foundations of management, business communication, design thinking, behavioural sciences and leadership.

Classroom education and real-world training ensures real-world readiness of students immediately after graduation. Mu Sigma will provide experiential training on global leadership, analytics and problem-solving.

Fortune 500 customers and students will learn by apprenticing alongside decision scientists. Students would be able to learn real-time by solving real-world business problems using real data to deliver value to customers. “They would also get to understand the skillset and mindset required to lead and grow engagements with Fortune 500 customers,” the spokesperson said.

Using big data

Dhiraj Rajaram, Founder, CEO and Chairman, Mu Sigma, said that despite the infinite potential of decision sciences outweighing the cost of investment, big data has been efficiently harnessed by just a few corporations.

“They haven’t been able to leverage its benefits due to the shortfall in talent. The need of the hour is to create a holistic and future-ready programme developed by the industry for the industry," he said.

The LEAD programme aims to create the next breed of data scientists and researchers to ‘train and employ’ professionals in the connected, data-driven world. This form of education will complement classroom-guided learning with experiential training of real-world business, customers and data.

“Not just these, but live problem-solving as it happens every day in the global business markets to prepare students for a fast-tracked leadership role in problem-solving to create value for Fortune 500 customers."

Madhu Veeraraghavan, Director, TAPMI said that leaders must be able to respond to competitive pressure, adapt to rapidly changing market conditions, satisfy customer demands, and be consistently innovative. “I believe that a collaborative effort between top-class faculty of TAPMI and participants will create a magnificent learning experience for everyone.”

Sunrise sectors

As per the Analytics India Report 2018, big data and decision sciences are the next sunrise sectors. Analytics, data science and big data industry in India is currently estimated to be $2.71 billion in annual revenues, growing at 33.5 per cent CAGR.

Of the annual inflow to analytics industry, almost 11 per cent can be attributed to advanced analytics, predictive modelling and data science. A sizeable 22 per cent can be attributed to big data.

This industry in India is expected to grow seven times in the next seven years. It is estimated to become a $20 billion industry in India by 2025. But analytics firms here employ just around one lakh professionals leaving a significant opportunity for job creation provided requisite knowledge and skills are imparted through a structured curriculum.

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