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Universities, B-Schools Bet On Big Data Research As Students Eye Analytics

As top schools see big data being critical to business leadership, many are delving into analytics research.

Thu Aug 13 2015

BusinessBecause
As top business schools place bets on big data being critical to business leadership, many are delving into analytics research.

The development of the £42 million big data research centre led by top UK universities and their business schools is gathering pace.

The Alan Turing Institute has confirmed £10 million of research funding from Lloyd’s Register Foundation, a research partnership with Britain’s spy agency GCHQ, and a collaboration with Nasdaq-listed computer manufacturer Cray Inc and EPSRC, the agency that funds UK engineering research.

Meanwhile, Accenture and Duke University this week announced an alliance focused on developing advanced analytics solutions to address business challenges.

Duke graduate and undergraduate students are set to work with Accenture professionals on two initial projects around patient data in the healthcare industry. The tie-up follows the development by Accenture in June of an analytics course for the MBA program at California’s Haas business school.

That followed the establishment of a £20 million business analytics research centre at Imperial College Business School in London, funded by KPMG, the professional services firm.

The Alan Turing Institute is a joint venture between the universities of Cambridge, Edinburgh, Oxford, Warwick and UCL. 

Jo Johnson, the UK minister for universities and science, said the institute will help cement Britain’s place as a world leader in big data, computer science and advanced mathematics.

The centre is expected to bring together academics and industry experts to solve problems ranging supply chain management to micro-targeted marketing.

Organizations are desperate to unlock the value of their data and the education sector is keen to play a part in the big data revolution.

José Casado of IE Business School, said:  “Big data analysis is one of the main technological engines that are transforming today’s business organizations.”

The Centre for Economics and Business Research estimates that big data could benefit the UK economy by £216 billion and create 58,000 new jobs in the UK before 2017.

Professor John Aston at Cambridge University, said that research around big data could revolutionize our ability to compare, cross-reference and analyse data in ways that have previously been beyond the bounds of human or computer analysis.

But globally there is a dire shortage of analytically trained talent, with KPMG reporting that only 14% of companies have all the talent and capabilities they need to leverage their data.

There is a need for managers in particular to hone the art of analytics. Robert Sullivan, dean of the Rady School of Management at UC San Diego, said: “Companies are increasingly data-driven and there is a vast need for professionals who are able to analyse that data and translate it into meaningful business outcomes.”

Education programs focused specifically on analytics have cropped up to help close the gap.

The business schools NYU Stern, USC Marshall and Melbourne have all launched degrees focused on business analytics. Others, including Chicago Booth and HEC Paris, have incorporated big data into their MBA programs.

Data programs at ESSEC Business School, Amsterdam Business School, and CEU Business School will also start this year.

Research is seen as key to providing the resources needed for organizations to tackle their data.

Howard Covington, chairman of The Alan Turing Institute, said:  “Data analytics has the opportunity to transform the UK’s and world’s economies. But in order for that to happen, we must provide the leading data scientists with access to the best possible computing resources in the field.”

Student Reviews

Duke University Fuqua School of Business

Student

Verified

31/10/2023

On Campus

Supportive atmosphere

The professors at Duke university exhibit exceptional commitment to the success and well-being of their students by ensuring their academic growth and fostering a supportive social atmosphere. Moreover, the entire community is recognized for its amicability and inclusiveness.

Maxwell

Verified

30/03/2023

On Campus

Diversity

The people or the students are without a doubt Duke's greatest asset. While all students are driven to succeed, they are also enthusiastic about a variety of hobbies. You run across a huge lot of diversity. It is the ideal example of a school with well-rounded students and the ideal balance of campus life in a metropolis.

Anabelle

Verified

27/02/2023

On Campus

Happy to school

All I could ever hope for is Duke University. That really epitomizes the "work hard, play hard" philosophy that elite colleges frequently pursue. Even though you'll have a lot of schooling to complete over the week, it's simple to keep focused because all of your friends are putting in similar amounts of effort. Many events taking place on and around campus on the weekends provide a great way to unwind. The combination of demanding academics and traditional college fun strikes the perfect balance.

Monica

Verified

27/02/2023

On Campus

Good schooling

Living, eating, learning, and developing who you want to be as an adult are all fantastic at Duke. I participated in student athletics, and I couldn't have asked for a better interaction with the faculty and other students. I appreciate all of the help I get from the Duke community more than anything. Furthermore, the teachers take the time to get to know you, and the lectures are diverse and demanding (if you do the same). I'd give it a 10 out of 10.

Aline

Verified

26/11/2022

On Campus

Beautiful School, Nice Classes

DU remains one the greatest and best universities that I have ever stepped in. The school is beautiful and neat. The classes are spacious and also very nice. I enjoyed attending my Lectures in those lecture halls. I also loved the Lecturers because of the good work they did. The university also has very good dorms that are given to students on first come first serve basis and they are affordable

Student

Verified

29/06/2022

Blended

Amazing experience

I received my B.S. in Biology and B.A. in Global Health with a minor in Chemistry from Duke University. I was able to grow as a student, scientist, and global health advocate with the help of my friends, professors, and other mentors I met along the way. A lot to learn if you look and ask, a great place to learn for those who want to learn.

Student

Verified

29/06/2022

Blended

whirlwind of growth and change

An amazing 2 years, with covid and everything else happening Duke has been a place of growth for me. The courses , classes were one of a kind, online and on campus. But the valuable lessons learned in the classes are irreplicable. The students are amazing here, so much diversity , I had no problem fitting in. The teachers are down right brilliant and so helpful. Don't be afraid to ask them anything. Graduated with my MBA with Duke and now my future awaits.

Student

Verified

29/06/2022

On Campus

One of the best for Business students

Graduated with an MBA. The classes were very insightful and engaging. The staff are very easy to deal with. The teachers and students, are truly amazing people. Grateful to all the people I've met along the way at Duke. I've learnt a great deal that will help me in my future endeavors. The campus itself is a marvel, it is beautiful.

Student

Verified

16/06/2022

On Campus

The university campus is awesome

I graduated with a masters degree in Religious Studies from Duke University. One thing I really liked about the university is its huge campus. It is spread in a large area with a lot of greenery and also have the facilities of reading rooms for single person also. My department building was very well taken care of. The library is immensely populated with books for all your needs. The faculty is very nice to students. The classes are equipped with latest technology to cater the needs of students. The University also provides room rentals for international students. They are very well maintained and priority is given to the International students for a comfortable stay there. There are weekly events conducted by the University as well as Student clubs for the entertainment of students. Anybody can take part in them and show their talents. I enjoyed my degree and I graduated in 2021 and was very happy that I had graduated from a reputed University.

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