IIM, IIT Indore launch 2-year Master of Science in Data Science & Management

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.  

Indian Institute of Management (IIM) 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.  

IIM, IIT Indore has collaborated to launch this programme keeping in mind the rise in the demand for efficient data scientists and analysts who can drive an organization towards its success. The programme was inaugurated on March 21, 2022, in the presence of Professor Himanshu Rai, Director, IIM Indore; Professor Suhas Joshi, Director, IIT Indore; Professor Neelesh Kumar Jain, Former Acting Director and Faculty, IIT Indore; Professor Amit Vatsa, Programme Coordinator - IIM Indore and Professor Parimal Kar, Programme Coordinator - IIT Indore.

About 2-year Master of Science in Data Science and Management

The newly launched programme will be conducted by the faculty members of IIM Indore and IIT Indore and 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 will include 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, the official press note informed.

Expressing delight over the launch of the programme, Professor Himanshu Rai said, “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 further added, “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.

Professor 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.

Professor Neelesh Jain also shared his views on the program's significance and how this programme idea is 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,” he added.

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