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Imperial College Business School Bets On Big Data

Top London school sees great demand for analytics

Sat Oct 31 2015

Imperial College Business School, one of London’s top schools, is placing a big bet on big data.

Over the past year, the UK institution has launched the MSc in Business Analytics program and established the KPMG Center For Advanced Analytics with £20 million in funding from the professional services firm.

The push stems from the belief that data is changing the way businesses and organizations operate, and demand from students for data analytics courses, which form part of the MBA. The MSc is 12-months in length and costs £26,000.

The business school can draw on its host university’s renowned strengths in engineering and science. The Data Science Institute for example, launched in 2013, cultivates multidisciplinary collaborations between Imperial’s academic experts and between the business school.

Mark Thomas Kennedy, associate professor of strategy and organizational behaviour at Imperial, and director of the KPMG Centre for Business Analytics, alludes in this interview to the mass changes big data will bring to business.

How is big data changing the management of organizations?

The way big data is changing what’s going on in business it like life scientists having a microscope for the first time. It shows you how to think about where there is opportunity, but risk as well.

It’s not only changing business and organizations but also….It’s fundamentally changing how social science is done. 

What skills do managers need for effective data management?

I think there will probably continue to be complementary skill-sets that need to be brought together. One example is people who have skills in collecting, cleaning, organizing, simplifying, and analyzing large data sets.

But it’s not just the traditional basket of statistics skills — which continues to be extremely important — that are needed… You need the ability to do the analytics but you also need someone to turn it into a question.

Despite the huge demand for data analytics, reports continue to cite a lack of adequate talent. Are we not producing the management talent business needs?

Yes and no. The MBA is not the kind of degree that tends to attract the undergraduate in computing doing a programming job.

[But] business schools like Imperial College are increasingly starting to offer two new things: one is more analytical content in an MBA; the other is degrees that are solely focused on business analytics.

Are business school graduates without analytics training at a disadvantage in the jobs market?

It depends on the job. In consulting or finance, probably they will be disadvantaged.

There is a possibility that there will be equilibrium between [people with] traditional MBA backgrounds and people with more technical skills. There will continue to be a need for people with the MBA who have some kind of technical background.

What challenges do companies face in developing a culture in which they can truly utilize big data?

The biggest problem right now is less about culture; it’s about getting people doing the analytics together with those who have a profit and loss responsibility. It’s that collaboration that’s most problematic right now.

In what industries do you expect big data to disrupt business? 

We already see this happening enormously in marketing, as traditional advertising shifts to be more online and mobile orientated. We also see major disruptions rolling through travel and tourism. Frankly it is hard to image an industry that isn’t going to be fundamentally disrupted by [big data].

We’re living through the early days of a revolution that I think will be of the same magnitude of the industrial revolution.

Student Reviews

Imperial College Business School




On Campus

Innovative, Immersive and an Excellent Curriculum

The MSc Strategic Marketing course opens many avenues into the business world at Imperial. The coursework consists of group-based assignments, individual reports, and sometimes, examinations. The Careers team helps you with your CV, Cover letters, and other job application support. Imperial truly lives up to its name!




Very applicable courses

I enjoyed studying here for my master degree as I could feel that I was surrounded by very clever people, and I did learn a lot of knowledge that I could directly put into use into my current internship




Diversity and Professional Development

Imperial College London is an innovation hub with expertise across multiple industries. The international student body exposes students to endless cultures and experiences. Furthermore, the Careers team at Imperial is second to none as directors help guide students to the career paths of their dreams.




Business School

Imperial college business school has amazing facilities, amazing staff. I particularly like the business school cafe although it would be nice if they added a few more power sockets in the open space and heating for winter. The course is really good too. Very interactive classes and highly diverse environment.




Career Services

Very strong university with good quality faculty and a very strong career services team that prepared students well for the jobs market. Very nice facilities in the city center. Good sessions organised with employers.




Chinese students majored in English- now strategic marketing

My undergraduate major was English back in China and now an MSc student in strategic marketing at Imperial. For Chinese students who share similar experiences with me, you can get as much/deep as you want about marketing with some challenging group works and inspiring lectures. At the same time, if you just want to get the degree anyway with less effort, it's possible as well... ...