What role can big data play in achieving innovation within firms?

India Infoline News Service | Mumbai |

The Saïd Business School, University of Oxford, will host the seventh annual Oxford India Business Forum on April 5. The forum will provide a platform for global business leaders, academics, policy makers and sector specialists to debate some of the most pertinent issues affecting business, economic and social growth in modern India.

The Saïd Business School, University of Oxford will host the 7th annual Oxford India Business Forum on 5 April, 2012 at the Taj Mahal Palace Hotel in Mumbai. The Forum will provide a platform for global business leaders, academics, policy makers and sector specialists to debate some of the most pertinent issues affecting business, economic and social growth in modern India.

Now well established as an annual event on the India calendar, the 2013 Forum will focus on the role big data can play in achieving strategic change and innovation within firms. The panel of leading experts will include the Dean of Sa?d Business School, Professor Peter Tufano, Professor David Upton , Professor Viktor Mayer Schönberger, Oxford  Internet Institute,  K Ananth Krishnan, Chief Technology Officer at Tata Consultancy Services and Satya Ramaswamy , Vice President & Global Head of TCS Mobility, Tata Consultancy Services. They will discuss how massive flows of data can be harnessed for competitive advantage, before an audience of 150 friends and alumni of Oxford, leading business figures and policy-makers.

Big data is much discussed but ill-defined and can mean anything from social media analytics, real-time data, next generation data management, to managing huge quantities of data including that from non-traditional sources. Some companies have been collecting and utilizing big data for many years, but most are in the early stages of big data adoption. Increasingly boardrooms are starting to appreciate that analytical sophistication can bring competitive advantages.  Two factors are facilitating increased big data use within organisations: the digitization of many activities and transactions has created new types of large and real-time data; new advanced analytics technologies enable organisations to extract insights from data in new ways with speed and accuracy.

 

Prior to the Forum, a day time session will be held with some of India’s top leaders, convened by  Sa?d’s Dr Paul ChapmanDr Andrew White  and Professor David Upton who will lead a session on the leadership and management of major and mega projects, in which they will be joined by Dr Rajiv Lall, Vice Chairman and Managing Director of IDFC. Sa?d Business School is a world-leading centre of leading-edge and multi-disciplinary research and teaching in major programme management with the Centre for Major Programme Management the School’s  highly-regarded MSc in Major Programme Management and a range of customized programmes for organizations, including the Major Projects Leadership Academy for the UK’s Cabinet Office, designed to build the skills of senior project leaders across government to deliver complex projects.

Professor Tarun Ramadorai will also join the Oxford Forum delegation.

Professor Peter Tufano, Dean and Professor of Finance at Saïd Business School said, ‘We are delighted to be returning to India for the 7th annual Forum and welcome the opportunity to meet again with our alumni, friends, business leaders, policy-makers and fellow academics in India to discuss leading issues affecting business, economic and social growth.

‘This year we will discuss the effective management of major programmes, such as large-scale infrastructure investments, major ICT programmes, urban and regional development programmes and large construction projects. Such projects are hugely complex, involving multiple stakeholders, often including governments and multi-national consortia. The significance of these projects is considerable: typically they are transformational and their outcomes impact millions of people. We will be sharing our insights with leading Indian experts.

‘We will also discuss Big Data in our evening panel and the work of our faculty in this important emerging field. Big Data is no longer confined to the realm of technology but has become a business imperative with clear business opportunities and benefits. Given its ability to profoundly affect commerce in a globally integrated economy and to provide solutions to long-standing business challenges, big data is an important topic, and a field in which India has leading experts from whom we can all learn.

‘Our goal is to share our thinking in both of these areas to make a contribution to best practice and policy formulation for growth and development.’

 

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