Following is a guest post from W. “RP” Raghupathi, a professor Schools of Business for Fordham University:
This week in New York City, Fordham University and IBM gathered leaders from academia, government, health care and the venture capital community to discuss a coming wave of new jobs that will demand candidates possess strong, analytics-related skills.
Most current job opportunities focus on using analytic skills to gain insight into business data are simple and reactive – requiring the development of basic reports on information residing in databases and data warehouses. However, with the innovative analytic technologies now available, businesses have a great, new opportunity to gain deeper insight and understanding of the relationships and the patterns within the data, allowing them to make better business decisions proactively, in real-time.
This is especially true in today’s world of sustainability, in which businesses, non-profit organizations and government are driving new initiatives such as smart grid and intelligent transportation. These new opportunities are creating jobs where analytics can play a significant role. For example, smart grids require the analysis of data from different locations, as well as from the grid within, so analytics can help gain insight into where power is needed or where the power might be in surplus. Likewise in transportation, analytics plays a role in building intelligence into roads and toll systems to improve upon traffic and congestion issues. In the healthcare industry, the trend towards personalized healthcare means the more specific information a physician has about the patient, the higher quality of care they can provide to a patient on an individualized basis. Analytics also helps in the remote monitoring of patients where all data can be analyzed at a centralized location enabling, for example, senior citizens to be monitored remotely for their vital signs.
Fordham’s curriculum and information technology combined with IBM’s technology and analytics expertise made available to us through the academic initiative have helped us not only teach the skills, but work deep business analytics technology and apply them to real world scanerios. When our students graduate, they have a solid set of skills and practical experience to take up jobs in sectors such as power, healthcare, transportation, as well as non-profit agencies where they can apply analytics to some of the world’s most challenging business and societal issues.
We are excited about this effort and look froward to seeing positive results from this collaboration.
W. “RP” Raghupathi is Professor of Information Systems at the Schools of Business for Fordham University