BRIDGING THE GAP BETWEEN ACADEMIA AND BUSINESS

Indian Institute of Technology (IIT), Mumbai turns to SAS' Business Intelligence in their quest for sustainable competitive advantage

IIT Mumbai, set up by an Act of Parliament of India, is recognized as one of the centers of academic excellence in the country. The Institute is one of the seven higher Institutes of Technology in the country set up with the objective of making available facilities for higher education, research and training in various fields of Science and Technology.

Circa 1946 - A high-power committee of Govt. of India recommended establishment of four higher institutes of technology of the level of their counterparts in Europe and United States to set the direction for the development of technical education in the country. These institutes were designed to provide the necessary dynamism and flexibility of an organization, in the light of expanding knowledge and changing socio-economic requirements of modern society. Planning for the Institute at Mumbai began in 1957 and the first batch of 100 students was admitted in 1958.

Today the Institute on an average admits 500 candidates for the undergraduate programme, 100 candidates for M.Sc. programmes, 550 candidates for different postgraduate programmes and 110 for Ph.D programmes every year. With broad underlying objectives to provide the best possible educational facilities for training bright students for the careers in technology and science, to provide a creative atmosphere in which higher studies and research thrive both amongst the students and the faculty, and to provide leadership in curriculum design and development, the Indian Institute of Technology (IIT), Mumbai seeks to establish traditions which will foster creativity and growth of excellence.

With an aim of continuously fostering excellence in Research & Development in Mathematical Sciences, the Department of Mathematics at IIT, Mumbai chose SAS Software for Basic Research in contemporary areas of fundamental, developmental and strategical importance; Interdisciplinary Research and Academics.

The Department of Mathematics also harnesses the power of SAS to transfer business acumen to the students of Masters Programme in Applied Statistics and Informatics.

Introduction of SAS at IIT, Mumbai was also driven by the Institute’s belief that the gap between academia and business can be bridged by producing cutting-edge research and by developing business leaders of tomorrow who can validate all their business decisions based on analytical reasoning.

 “SAS in the most favored software in the Analytics industry and we want our students to have a sound knowledge of it. With the knowledge of SAS, our students are well prepared to face the challenges posed by industry. We are convinced that experience on SAS software is certainly seen as an advantage for better prospects for our students in the Industry”, says Prof. Alladi Subramanyam, Department of Mathematics, Indian Institute of Technology (IIT), Mumbai.

SAS being a top business intelligence solution, was the obvious choice to help students make better business decisions in the future and to empower the faculty of IIT, Mumbai with knowledge of cutting edge technology.

According to Prof. Alladi Subramanyam, Department of Mathematics, Indian Institute of Technology (IIT), Mumbai, “SAS is a comprehensive software platform with strong analytics and broad quantitative methodologies. Faculty at IIT, Mumbai derives analytical intelligence through SAS, which is catalytic in the success of their research & consulting work.”

 IIT, Mumbai believes that for achieving competitive business advantage, it is imperative to provide exposure to students with the state-of-the-art business intelligence solution. “We want our students to have analytical & quantitative capabilities, to make informed business decisions in future”, says
Prof. Alladi Subramanyam.