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Machine Learning - IIMB - Brochure
Machine Learning - IIMB - Brochure
Machine Learning - IIMB - Brochure
Analytics and
Intelligence
Course Starting: 9 June 2019
(Batch 10)
Application Deadline:
Early Decision (Round 1) - 17 February 2019
(Learn Analytics through
Regular Decision (Round 2) - 31 March 2019 Case Studies)
skills among their personnel. On the other hand, a
recent study has also revealed that more than 59%
Course Objectives
of the organizations do not have information required
for decision making. The course is designed to provide in-depth knowledge
of Analytics and Big Data tools and Techniques that
In a recent article1 based on a survey of nearly
can be used for fact-based decision making and
3000 executives, MIT Sloan Management Review
problem solving using case studies based on Indian
reported that there is striking correlation between
companies. At the end of the course, the participants
an organization’s analytics sophistication and its
will be able to:
competitive performance. The biggest obstacle to
adopting analytics is the lack of knowhow about • Understand the emergence of business analytics
using it to improve business performance. Business and Big Data as a competitive strategy.
Analytics uses statistical, operations research and
• Understand descriptive, diagnostic, predictive
management tools to drive business performance.
and prescriptive analytics and their applications
Many companies offer similar kind of products and
in creating solutions and technologies.
services to customers based on similar design and
technology and find it difficult to differentiate their • Analyse data using statistical, mathematical,
product/service from their competitors. However, machine learning and deep learning techniques
companies such as Amazon, Apple, Facebook, and understand relationships between KPIs and
Google, HP, Netflix, Proctor and Gamble and Capital factors that influence KPIs.
One use analytics as competitive strategy. Business
• Learn data visualization and story telling through
Analytics helps companies to find the most profitable
data.
customer and allows them to justify their marketing
effort, especially when the competition is very high. • Learn decision making tools/operations research
The
For instance Capital One has managed a profit of techniques.
Certificate theory of bounded rationality
proposed by Nobel Laureate
close to $1 billion in their credit card business in
the recent past, whereas many of their competitors
• Learn machine learning algorithms such as
Business Analytics
business problems; limited ability of human mind case studies.
to its analytical strength. There is significant evidence
to analyze the alternative solutions and the limited
from the corporate world that the ability to make • Learn Artificial Intelligence with a special focus on
and Intelligence
time available for decision making. Introduction of
better decisions improves with analytical skills. This neural networks and deep learning algorithms.
enterprise resource planning (ERP) systems has
course is designed to provide in-depth knowledge of
ensured availability of data in many organizations; • Use analytics in customer requirement analysis,
business analytical techniques and their applications
Learn Analytics however, traditional ERP systems lacked data general management, marketing, finance,
in improving business processes and decision
Through Case Studies analysis capabilities that can assist the management
making.
operations and supply chain management.
in decision making. Business Analytics is a set of
BATCH 10 (2019-20) • Understand sources of Big Data and the
techniques and processes that can be used to
technologies and algorithms for analysing Big
analyse data to improve business performance
Data for inferences. Ability to analyse unstructured
through fact-based decision making. The role of
data such as social media data and machine
analytics in solving business problems has increased
In God We Trust,
generated data.
manifold in the recent years leading to increased
demand for Analytics and Big Data professionals. • Analyse and solve problems from different
Bring Data
effectively and has become one of the main functional pharmaceutical, aerospace, etc.
areas in most companies. Analytics companies
• Design and develop deployment strategies for
develop the ability to support their decisions through
W Edwards Deming the analytical models developed.
analytical reasoning using a variety of statistical and
mathematical techniques. Thomas Davenport in his • Hands-on experience with software such as
book titled, “Competing on analytics: The new science 1 M S Hopkins, S LaValle, F Balboni, N Kruschwitz and R CPLEX, Microsoft Excel, LINDO, Qlik Sense,
Shockley, “10 Insights: A First Look at the New Intelligence
of winning”, claims that a significant proportion of Enterprise Survey on Winning with Data”, MIT Sloan Python, SAS, SPSS, R, Rattle, @ RISK, Tensor
high-performance companies have high analytical Management Review, Vol. 52, No. 1, 21–31, 2010. flow and other proprietary software.
Key Takeaways Eligibility Criteria Module 1
The participants should have a Bachelor degree Foundations of Date Science:
In October 2012, Harvard Business Review claimed Data Visualization and Interpretation (6 Days)
in engineering/science/commerce or arts with
that “Data Scientists” will hold the sexiest job of the
mathematics as one of the subjects during their
21st century. The business analytics and intelligence The process of fact-based decision making requires
Bachelor’s programme. Preferable work experience
certificate programme will equip the participants with managers to know how to summarize, analyse,
is 3 years, in exceptional cases applicants with less
analytical tools and prepare them for corporate roles in conduct hypothesis tests, interpret and communicate
analytics based consulting in marketing, operations,
than 3 years are admitted into the programme.
Course Content data using data visualization and descriptive statistics
supply chain management, finance, insurance and techniques to facilitate decision making. Statistical
The
general management in various industries. analysis is a fundamental method of quantitative
course consists of ten modules
Selection Process and a project. The modules and
reasoning that is extensively used for decision making.
This module is aimed at providing participants with
their contents are discussed in
Who should attend? Candidates will be short-listed for interview based
the following paragraphs. Case-based teaching will
the most often used methods of statistical analysis
on online aptitude test and their past academic along with appropriate statistical tests. The module is
The course will benefit executives, project be used for all the modules using case studies from
performance, quality of work experience and fitness oriented towards application without compromising
leaders and senior managers working IIMB, Harvard Business School (HBS), Darden, Ivey,
for analytics job. Interviews for early decision will be the theoretical aspects.
in various sectors. The course is designed for and Kellogg. Significant proportions of the cases
professionals who would like to improve ROI for their conducted in March 2019 and interviews for normal
used in the course are published by IIMB faculty at Foundations of Data Science Module Contents
decision will be held in April/May 2019.
companies using analytics. the Harvard Business Publishing. A few of them are
published by the students from the previous batches • Introduction to data science; Different types
based on their project work. IIMB distributes more and scales of data (ratio, interval, nominal and
Why IIMB? than 25 analytics cases on Indian and Multi-national ordinal); Data summarization and visualization
methods; Tables, Graphs, Charts, Histograms,
companies through Harvard Business Publishing
IIMB is one of the first Institutes in the world to offer Business Analytics certificate course and the incoming which are used by more than 250 Institutions across Frequency distributions, Relative frequency
batch will be the 10th batch. IIMB faculty members have published more than 25 analytics case studies at more then 60 countries. measures of central tendency and dispersion;
the Harvard Business Publishing a record for any Indian Institute. Students admitted to this group come Box Plot; Chebychev’s Inequality.
from different organizations and different geographical locations across the world making it a great learning
experience for students. Students get a chance to work on real world problems as part of the course. • Data visualization and story telling with data.
The
participants will be evaluated through
(Advanced Analytics 1) (Advanced Analytics 2) (Advanced Analytics 4) Professors U Dinesh Kumar and Rajluxmi V Murthy
take-home assignments and a project
Data Reduction, Advanced Big Data Analytics (2 Days) Artificial Intelligence (3 Days) work. At the end of each module, the
Forecasting and Operations participants will be given a take-home assignment that
Analytics (5 Days) Big Data is defined using volume of data, • Introduction to neural networks; rule
should be completed and submitted within 5 weeks.
velocity at which the data is created, based expert systems
• Principal component analysis, and variety in the data. Sources of Big
• Introduction to artificial neural
Factor analysis, Conjoint analysis,
Discriminant analysis.
Data include social networks, telecom
and mobile services, healthcare and
networks (ANN); Neuron
computing element; Perceptron:
as Course Project
public systems and machine generated Each participant should carry out an individual project
• Auto-Regressive Integrated McCullogh-Pitts model; Back-
data. In this module, we introduce the for 6 months based on a real-life problem/ data. IIMB
Moving Average (ARIMA) models, propagation algorithm; Multi-layer
Big Data technologies and challenges. encourages students to publish cases studies based
ARIMAX. Neural Networks
on their course project. The following cases were
Contents: Introduction to Big
• Supply chain analytics • Deep learning algorithms: published by the previous batch students at Harvard
Data; sources of Big Data; Big Data
Convolutional networks; Recurrent Business Publishing based on their project reports:
• Six Sigma as a problem solving technologies: Hadoop distributed
nets; Auto-encoders; • A Dean’s Dilemma: Selection of Students for
methodology, DMAIC and DMADV file system; Employing Hadoop
methodology, Six Sigma Tool MapReduce; Statistical Analysis of Big • Deep Learning Platform: H2O.ai; the MBA Programme
Box: Seven quality tools, Quality Data. Dato GraphLab; Tensor Flow • Consumer Choice between House Brands and
function deployment (QFD), National Brands in Detergent Purchases at
Reliance Retail.
SIPOC, Statistical process control, Module 8 Module 10 • Central Parking Solutions Private Limited.
Value stream mapping, TRIZ (Advanced Analytics 3) (Advanced Analytics 5)
• Breaking Barriers – Micro-mortgage Analytics
• Lean thinking: Lean manufacturing, Machine Learning Algorithms Analytics in Finance and Marketing • Larson and Toubro – Forecasting Demand for
Value stream mapping (3 Days) (5 Days) Spare Parts
• Marketing Head’s Conundrum
Case Studies: 1. Apollo Hospitals: This module introduces the participant • Dynamic pricing and revenue
• HR Analytics at ScaleneWorks – Predicting
Differentiation through Hospitality (IIMB to machine learning algorithms such as management, high dimensional data
Renege
Case), 2. Dean’s Dilemma: To Admit bagging and boosting, recommender analysis, financial data analysis and
• Customer Analytics at Flipkart
or Not to Admit (IIMB Case), 3. Dosa systems, clustering, text analytics, prediction.
• Customer Analytics at Bigbasket: Product
King – A Standardized Masala Dosa for spatio-temporal analysis, association • Survival analysis and its applications: Recommendations For any queries contact. Professor U Dinesh Kumar
Every Indian (IIMB Case), 4. Delivering rule mining and Neural Networks. Life tables, Kaplan Meier estimates, • Markdown Optimization at an Indian Retails (Email: dineshk@iimb.ac.in)
Doors in a Window – Supply Chain Proportional hazards, Predictive Store
Management at Hindustan Aeronautics Contents • Predicting Earnings Manipulation by Indian
hazard modelling using customer
Limited (IIMB Case). history data Firms using Machine Learning Algorithms
• Introduction to machine learning,
different types of machine learning Previous batch students undertook projects with
• Analytics in finance, Discounted cash
algorithms. organizations such as Apollo Hospitals, Aris Global,
flows (DCF), Profitability analysis.
Big Basket, BESCOM, BMTC, Central Parking
• Recommender Systems, Asset performance: Sharpe ratio,
Solutions, Columbia Asia, Flipkart, Fortis Hospital,
Collaborative Filtering: Cosine Calmar ratio, Value at risk (VaR),
Future Group, HP, IBM, KSRTC, L&T, Manipal
Similarity, Jaccard Coefficient. Brownian motion process, Pricing
Healthcare Services PVT Ltd, Reliance Retail,
Advanced recommender system. options and Black–Scholes formula
Reliance Trends, Shubham Housing Development
• Bootstrap Aggregating (Bagging), • Game theory: Two-person zero sum Finance, Spicejet, Toyota Kirloskar, Walmart,
Random forest, Adaptive boosting, game, dynamic games UNICEF etc.
gradient boosting
• Analysis of unstructured data: text
• Support vector machine and
mining and sentiment analysis,
Neural Network
analysis of machine generated data Project Timelines
Case Study: Predicting Earnings The project report should be submitted by 15 May
Case Studies: 1. 1920 Evil Returns –
Manipulation by Indian Companies 2020 The participants have to submit the project
Bollywood and Social Media Marketing
Using Machine Learning Algorithms proposal by 31 January 2020. The projects will be
(IIMB Case) 2. Markdown optimization
(IIMB Case). supervised by an IIMB faculty member.
at Indian Retail Store (IIMB Case).
Tentative Course Schedule
The course schedule is as follows. Modules 2, 4, 5, 6, 7, 8 and 9 are also available in the distance mode:
Programme Schedule
Module Dates Venue
2 Data Preparation and Imputation 5-6 July 2019 IIM Bangalore and Distance Mode
Established in 1973, IIMB today offers a range of post-graduate and doctoral level courses
as well as executive education programmes. With a faculty body from amongst the best
universities worldwide, IIMB has emerged as a leader in the area of management research, VISION
education and consulting. IIMB’s distinctive feature is its strong focus on leadership and To be a global,
entrepreneurial skills that are necessary to succeed in today’s dynamic business renowned academic
environment. institution fostering
excellence in management,
The Post Graduate and Doctoral Programmes offered by IIMB: innovation and
• 2-year Post Graduate Programme in Management (PGP) entrepreneurship for
• 1-year Executive Post Graduate Programme in Management (EPGP) business, government
• 2-year weekend Post Graduate Programme in Enterprise Management (PGPEM) and society
• 1-year Post Graduate Programme in Public Policy & Management (PGPPM)
• Fellow Programme in Management (FPM, doctoral programme)
IIMB has obtained the European Quality Improvement System (EQUIS) accreditation awarded by the
European Foundation for Management Development (EFMD). IIMB has been ranked among the Top 3 Management
Institutes in India, by the ‘India Ranking’, collated under the National Institutional Ranking Framework (NIRF) by the
MHRD. IIMB has been ranked among the Top-70 global schools by the Financial Times Executive Education Rankings
2018.
Registration
Arun KR
Executive Education Programmes
Indian Institute of Management Bangalore
Bannerghatta Road, Bangalore 560 076