KL Global Business School, Hyderabad Inaugurates Business Analytics Lab to develop Data-driven Solutions for Business Problems with Analytical Models
Hyderabad : KL Deemed to be University, one of India’s leading private universities, announced the establishment of the Business Analytics Laboratory at the KLH-Global Business School (KLH GBS) in Kondapur today. The Lab was inaugurated by the President of Digital Engineering Services, Cigniti, Mr. Kiran Kuchimanchi, Mr. Sai Ram Vedam, CMO for Cigniit technologies, Dr. Nagendra V. Chowdary, Head of academic content TimesPRO, Dr. Ramakrishna, Director, KLH GBS, other University officials. The purpose is to provide its researchers and students’ ultra modern infrastructure to explore challenges in a range of business sectors, including marketing, operations management, and technology management using a variety of advanced computational and statistical methodologies.
KLH GBS Business Analytics Laboratory is equipped with High-end configuration systems and essential software installed which includes SPSS-Statistical Package for the Social Sciences- Data analysis for descriptive and bivariate statistics, numerical result forecasts, and predictions for group identification, Power-BI, JMP, and R-Programming. The Lab will provide appropriate hands-on experience with the software and hone the skills of students based on the current market requirements. Additionally, the software provided offers graphing, direct marketing, and data processing functions. In its main view, the software interface shows open data in a manner akin to a spreadsheet.
Commenting on the initiative, Er. Koneru Satyanarayana, Chancellor, KL Deemed-to-be University said, “The Business Analytics Laboratory exemplifies KLH-GBS’s dedication to software education and an honest attempt to cultivate the skills that industry requires. This new generation of business executives with analytical skills would be best suited to perform in the volatile industry. In today’s society, students must be prepared with information and abilities that will keep them employable indefinitely. At KLH-GBS, we prioritize keeping our curriculum relevant to industry demands.”
The interdisciplinary laboratory will be focusing on the scientific process of translating data into insights for the goal of enhancing corporate decision-making. The laboratory will also help students with better-decision making capabilities for their professional careers in every field. Convener, Dr. Vani Majumdar along with other faculty members, staff, and students contributed to making the event successful.