What is PGDBA?
PGDBA stands for Post Graduate Diploma in Business Analytics (PGDBA website), probably the first two year full time course in India, jointly offered by Indian Institute of Management, Calcutta; Indian Statistical Institute, Kolkata and Indian Institute of Technology, Kharagpur. PGDBA has been started with the philosophy that data is the new oil in this century. With an abundance of data, driving a business successfully and effectively is becoming a tricky aspect. Recent surveys suggest that big data could create $300 billion in value in healthcare alone each year; clever use of location data across industries could capture $600 billion in consumer surplus. Conversely, poor data management can cost up to 35% of a business’s operating revenue. While the possibility and ability to capture and store the ocean of data has grown up to overwhelming levels, but the right use of techniques to extract ‘information’ from these data sets has not been keeping pace with the demands of the industry, and there continues to be a worrying skill shortage across all sectors. More specifically saying, crunching data to generate necessary business insights requires a strong hold on Statistics, Technology and Business simultaneously. The requirement is so rare that the industry hardly sees individuals having the amalgamation of all of these three crucial skills in the domain of Business Analytics.
To cater to this need, PGDBA has been built based on three pillars: Math and Statistics, Technology and Business, as clear from the expertise of the parenting institutes. This course offers four semester with an introductory pre-semester. It is true that two years is not adequate enough to generate data scientists and one can hardly scratch the surface of Machine learning and Data mining, but the unique combination of this course gives it a distinct identity which unravels endless opportunities to the participants: Financial analysis, Consultancy, PhD in Machine Learning, R&D, entrepreneurship to build data-driven startups…you name it!