Around 2.3 trillion gigabytes of data are created each day. In the UK, demand for professionals with big data analytical skills is increasing at a rate of up to 23% each year.
In business schools, big data analytics is becoming a mainstay of the MBA curriculum. France’s EDHEC Business School just launched a big data analytics MBA course in response to employer demand. Nottingham Business School offers an Online MBA with Data Analytics.
Specialized master’s in data analytics programs are on the rise, with the proportion of b-school candidates considering data analytics programs increasing from 7% in 2013 to 11% in 2016.
According to GMAC, one quarter of MBA candidates globally have entrepreneurial goals. With today’s MBA students learning how to capture, analyze, and use big data effectively, some data-savvy MBA entrepreneurs have decided to take the leap and launch their own business.
Here’s six new big data startups started by MBAs:
A big data enthusiast, Winston Green is taking his strategy and data analytics consultancy – Hyperion-Astra – through a 10-month MBA program at EDHEC. His mission: to turn data-driven insights into the language of business.
Strados Labs is a healthcare tech startup providing people with the real-time data they need to self-manage their health. Nick founded the company a few months into a full-time MBA at Fox. His first product – Pulmawear – is a wearable tech device designed to combat symptoms of asthma.
ifeel is a big data-powered platform disrupting the therapy industry, using artificial intelligence to connect its members with a community of licensed therapists online. Amir started his business during an MBA at IE.
After an MBA at Italy’s MIP, Federico launched Strokin – a double-sided management platform for bars and clubs. Bar customers use the Strokin app to pay for drinks, and Strokin software feeds back data to club managers on customer spending in real-time. Federico’s valued his business at over $10 million.
Made of Genes is a Barcelona-based startup dedicated to improving health and wellness through personal genomics. Users store their genetic data on the Made of Genes platform and are connected to a network of genomic experts, health professionals, and personalized health services – like neurology, psychiatry, or even cosmetics – based on their unique DNA profiles.
Oscar (left) – Made of Genes’ co-founder, CEO, and an ESADE Executive MBA alumnus – was named one of Spain’s top-10 innovators under the age of 35 by the MIT Technology Review in 2016.
After an MBA at Chicago Booth, Vincent (left) moved to Silicon Valley and started his own data-crunching digital advertising agency. Founded in 2015, Vincent’s Impulse Analytics is helping top online businesses like Yelp grow traffic, conversions and sales with programmatic ads.