IIM Udaipur Analytics Excursus

Meliorating the benchmark set by the “E-Commerce Excursus”, the Analytics Excursus was successfully organized on 5th December, 2013 in IIM Udaipur. The Analytics Conclave-2013 is a part of the series of summits planned by the Indian Institute of Management Udaipur, under the banner”Excursus”. Focusing on the importance of extensive data getting generated every day and to take the useful insight from it which can be used for decision making, the theme for the event was decided as “Big Data- Big Advantage”.

The Conclave encompassed a Presentation Challenge and two Panel Discussions. The Presentation Challenge comprised of a competition amongst student teams presenting the importance of Analytics and how well it has benefited the organizations. The panel discussions was a platform for industry leaders to share their expertise through engaging dialogues on two sub-themes within the umbrella theme of “Big data – Big Advantage”.

Panel Discussion 1: Big Data: Opportunities and Challenges

The new era of data presents distinct opportunities for organizations but at a certain cost. In order to be successful one has to understand the major functional areas that attract applications of Big Data. Organizations have challenges varying from acquiring the relevant data to selling this idea in the Indian market.

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Mr. Roy Cherian, CEO & Founder of Marketelligent, Mr. Gaurav Vohra, Co-Founder of Jigsaw Academy and Mr. Dripto Mukhopadhyay, Vice President, Indicus Analytics shared their views on the first topic of the day “Big Data: Opportunities and Challenges”. The general view of the panel regarding MBA students and Big Data was that MBAs should be more concerned about the impact this has on the business and should be able to quantify the results.

Panel Discussion 2: Big Data: Transforming Businesses and Creating Competitive Advantage

The opportunities brought about by Big Data have to be transformed into value by transforming the business practices. This technical revolution can be managed only by creating an enabling environment for using Big Data and transforming the internal business processes. Creating sustainable competitive advantage for companies depends on how well they transform the uses of Big Data.

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The next discussion witnessed business experts Mr. Ashit Panjwani, Executive Director at SAS Institute, Mr. Amar Saxena, Head of Analytics at RBS and Mr. Rajbir Singh, Global Head – Customer Centric Solutions at HCL. The panel mentioned that analytics deals with business problems and one should view the investment as a business investment and not as tech investment. They also said that one should be very clear with the questions that need to be answered, only then the analytics tools have meaning.

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The Analytics Excursus concluded with declaration of results for the presentation challenge competition followed by a vote of thanks. The panel discussion, the student presentations as well as the quality interaction with the industry leaders was an enriching experience for the students of IIM Udaipur.

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Life @ IIMU

Nestled amongst the lush, verdant hills of the Aravallis in Rajasthan, the Indian Institute of Management, Udaipur currently located in the campus of the Mohan Lal Sukhadia University possesses the perfect setting and environment for a business school.

Academic rigour has always been a part and parcel of the life of an IIM student and the experience at IIM Udaipur so far, lives up to the same. With business cases to be prepared on an almost daily basis, the study sessions with fellow group mates and the umpteen reports and presentations that have to be made and delivered before deadlines (which more often than not are at unearthly hours, so far spent either watching movies, surfing the net or partying hard) life can get stressful and sleep, a bygone luxury. And just when you’ve had a really heavy lunch topped off with some chilled lassi, does a mail pop into your inbox. Now, outside professional life, mails are usually responded to with a bored glance or a casual laugh. An IIM student learns to expect more. Mails from the PGP office between 12.30PM and 3.30PM are…the most dreaded on campus. Statistics for Management toppers have for decades struggled with their regression, correlation and heuristic analyses to comprehend the relationship between full stomachs and afternoon mails from the PGP office. Surprise quizzes, considered by many as an initiative by the Lucifer himself, serve to knock you off your dreamy siestas and full tummies to those notes that you had, in all probability, hastily scribbled over the last couple of sessions in class. However, the burden of all these activities can be alleviated by merely stepping out onto the hostel terraces for some casual banter with your “ever-ready” group mates whilst taking in the fresh mountain air that most of us have for so long missed, before resuming preparations.

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Udaipur, also called the ‘Venice of the East’ is also called the City of Lakes. Hills, lakes, gardens and palaces, the city is not short on options to recharge the soul and the mind, a welcome relief from the daily grind. The Chief Conservator of Forests in Udaipur organizes regular treks for the students, which apart from being an experience in itself, helps build bonds that could very well last a lifetime. For the foodie, the alleys of the Old Udaipur town are a godsend. Rajasthani delicacies, Mumbai vadapavs and even Keralite non-vegetarian cuisine, the city’s got enough to keep you satiated. Fast food outlets of the likes of KFC, Pizza Hut are in a close proximity to the campus and make for a welcome reprieve at the weekends.

For those who want to work on their extra-curricular activities, IIM Udaipur’s clubs and committees (currently numbering to around 20) provide ample opportunities. The Media & Industry Interaction Cell organizes the Leadership Summit, which is the flagship event of the campus. The Literary club is not just restricted to organizing quizzes. Over the last year, it has organized the Udaipur Leap Day Lit Fest where authors of the likes of Rashmi Bansal and Ashwin Sanghvi visited the campus and interacted with the students. The club also conducted the Udaipur Amazing Race which was basically a treasure hunt across the city of Udaipur, organized along the lines of the popular TV show. The football and crickets enthusiasts among the batch have a Cricket and Football League system in place, complete with an IPL-style auctioning system to add a little extra spice. There are also regular JAM sessions and film screenings that allow the entire batch to let its hair down and have fun as a group. The institute also has a music room, where the musicians of the batch can let loose post the sessions in class.

As in every Management School, due importance is given to those clubs that promote the business of Business itself at IIM Udaipur. Finomina – The Finance Club of IIM Udaipur holds sessions and competitions with the batch to illustrate and discuss various aspects of finance. The Entrepreneurship Cell – Saksham holds guest lectures with the batch, where students get to interact with budding entrepreneurs. Prayatna – The Social Responsibility club has taken up a variety of initiatives to promote a spirit of social responsibility among the students. The Cultural Committee organizes various cultural events in the campus to highlight the diversity of the batch. The recent Food Fest conducted in association with the Mess Committee is just an example of the same.

As with any other college, the real flavour of IIM Udaipur is best experienced in its hostels. Time inside the hostels doesn’t run according to the Indian Standard Time though, at any point in the day the mean number of people sleeping and those wide awake are roughly the same. The latter are either working furiously to complete some assignment or trying to derive some inspiration for doing so off of Facebook!

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Come 8:30 AM and its quite common to see mouths frantically trying to gobble down the breakfast before entering the lecture hall – hopefully before the professor. The afternoons and evenings that are privileged enough to not be spent in class are utilized for impromptu siestas, volleyball matches or Counter Strike battles. More often than not, it’s all three combined.

The nights can be rather subdued before a quiz or some similar tragedy scheduled for the next day, however one thing that manages to bring people together even in times of such hardship is the call for “Maaro Maaro Maaro Maaro” that accompanies every poor soul’s birthday celebrations. The crowd congregates, beats the person black and blue, eats all the cake, (occasionally remembers to wish said person) and then go back to their respective studies. The quizzes still lie in waiting, and they are not going to study for themselves!