Expanding Horizons: The Rise of Data Science Education and Allied Subjects in India

Data Science Education & Expansion of Allied Subjects Data Science, a relatively new and interdisciplinary field, focuses on extracting valuable insights from data using a combination of statistics, machine learning, and computer science. The field has seen rapid growth due to the increasing availability of data, especially with the rise of big data, enabling companies to collect vast amounts of information from various sources.

As a result, there has been a significant surge in demand for data scientists in India, driven by the escalating interest in this profession. The continuous advancements in technology over the years have further contributed to the high demand for data scientists. In response to this demand, numerous educational institutes in India have started offering relevant coursework to nurture skilled professionals in the field. In the commercial sector, the demand for data scientists has been consistently growing. According to Analytics Insight, the Data Science Education market in India is predicted to experience a remarkable compound annual growth rate (CAGR) of 43 percent from 2020 to 2025, expanding from $103 Million to $626 Million within this timeframe.

Data Science: Fastest Growing Field In India

In response to the significant growth of the data science field in recent years, there has been a notable increase in the establishment of institutions catering to this industry. Among these, the esteemed Narayana Business School stands out as a prominent provider of data science and business analytics courses under management studies in India. Founded in the year 2000 by two visionary academicians, Narayana Business School has adopted a non-traditional learning approach, fostering a culture of learning by doing and encouraging students to ask questions.

Experienced Faculty And Cutting-Edge Infrastructure

The Narayana Business School provides a diverse array of courses covering both data science and management disciplines. It offers four main flagship programs, namely, PGDM Dual Specialization, MBA + PGPCE, PGDM Data Science and Business Analytics and PGDM -Quantitative Finance. The primary objective of these programs is to equip students for versatile roles within organizations or to foster an entrepreneurial mindset. Through strategic partnerships, the school has integrated several industry-renowned certifications and crash courses into its curriculum, covering programming skills and big data solutions such as Data Mining, Data Analytics, Big Data, Tableau, Hadoop, MATLAB, Spark, Python, Machine learning, Artificial neural networks, Artificial Intelligence and more. One interesting aspect highlighted by Dr. Amit Gupta is that students from various backgrounds, even without prior experience in the field, can pursue and excel in these programs under the guidance of expert faculty.

The Narayana Business School boasts a highly qualified and experienced faculty dedicated to imparting knowledge and guiding students towards achieving real-world professional success. Emphasizing the importance of research and staying abreast of innovations, the institution ensures that faculties spend 50 per cent of their time on research & consistently publishes 10 to 15 research papers each month in reputable national and international journals. The school's campus, spanning 10+ acres, provides an exceptional ecosystem for learning. Notably, it holds the distinction of being India's first business school to have a Microsoft Azure Cloud campus, a pioneering achievement dating back to 2016. With a vision for personalized and efficient learning experiences, NBS has integrated AI into its programs, including MBA in Data Science & Business Analytics and MBA Quantitative Finance. NBS leverages AI to enhance teaching, administrative efficiency, skill development, research, and overall education. The Narayana Business School has received recognition from various institutions for its outstanding infrastructure and exceptional performance in the field of education.

The Narayana Business School goes beyond just preparing students for the industry; it also equips them to confront life's challenges successfully. With an impressive legacy spanning 23 years, the school has established a robust foundation and a remarkable focus on industry-oriented education. Presently, it boasts a network of over 670 recruiters from both established corporations and promising startups, continuously attracting new recruiters to its fold. Recently, the institution successfully introduced two super-specialized management programs: PGDM in Quantitative Finance and PGDM in Data Sciences Business Analytics. In line with its vision, the school plans to develop additional courses, such as Artificial Intelligence, Blockchain with Data Analytics, and Reinforcement Learning, as part of an extension program to support its PGDM Data Science and Analytics program. These initiatives aim to provide a comprehensive and cutting-edge education to its students. Strengthening Industry-Academic Partnerships with a wide-ranging community of supporters, including the speaker, the Narayana Business School is keen to provide consultative services to enterprises and startups, particularly in various technologies. This strategic move will not only enhance industry-academic relationships but also expose the academic institution to real-world challenges and opportunities, fostering valuable insights and experiences for both students and faculty.

Note: The views expressed in this article are of Narayana Business School and do not reflect/represent those of Shiksha