IIM, IIT Indore Offer 2-year Master of Science in Data Science & Management
IIT and IIM Indore launch a two-year joint programme on ‘Masters in Data Science and Management’ that will provide better education to future data scientists. It will be an online programme with 15 hours of live sessions and 900 hours of learning.
The Indian Institute of Technology (IIT) and the Indian Institute of Management (IIM), Indore jointly offer a Master of Science programme in Data Science and Management. The programme was inaugurated on March 21, 2022. IIT Indore director Prof Neelesh Kumar Jain and IIM Indore director Prof Himanshu Rai signed the MoU in September to jointly offer the online programme. Since Indore is the only place in India that houses both the IIT and IIM, it is a practical decision to launch the course keeping in mind the rise in the demand for efficient data scientists and analysts.
The programme will enable students to transform data into better business decisions. Students will be able to both identify areas of business where data science can add value and provide inputs to algorithm developers and data analysts. The IIT and IIMs ‘Master’s in Data Science and Management programme aims to provide better education to future data scientists.
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Master of Science in Data Science & Management Highlights
Given below are the highlights of the Master of Science in Data Science and Management
Duration of the Programme | 2 Years |
Mode of the Programme | Online |
Level of the Programme | Master’s degree |
Duration of Live Lectures | 14-15 hours per week |
Total Hours of Learning | 900 hours |
Benefits of Learning | Benefit of academic proficiency of faculty from both the Institutes |
Duration of On-campus study | 30 days |
Specialization | Combination of foundational business knowledge, analytical expertise, and big-picture perspective |
Master of Science in Data Science & Management Details
The programme will be beneficial in addressing business problems jointly by managers and data analysts. To remain relevant in today’s environment, managers and entrepreneurs need to have a data-driven approach to solve new problems that could not be solved in the past. Decisions based on analytics need to be made by managers, which they can do only if they understand the data science tools and techniques. Hence, a comprehensive programme that focuses both on business knowledge and technical expertise is needed.
The programme will cover general concepts on algorithms, data structures, big data infrastructure, big data analytics life cycle, data security and management, contemporary management thoughts including behaviour elements. There are four pillars to this programme, i.e., Data, Technology, People, Enterprise Strategy. These pillars will cultivate the much-required skills for data scientists, i.e., leadership skills, communication skills, eye for business and value, project management, big data analytics life cycle, big data technologies and solutions, data management skills, systems thinking.
In the fourth and fifth trimesters, participants will be offered a pool of electives to choose from the advanced courses offered by the two Institutes. In the sixth trimester, participants will also be a part of the project work and will be working under the direction of expert faculty from both institutes.
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The ‘Master of Science in Data Science and Management’ programme is ideal for both graduates and working professionals. This joint programme is holistic and comprehensive and will enhance graduates' and professionals’ skill sets and employability. The classes for both graduates and working professionals will be on weekdays and weekends (Saturdays).
The teaching will be online with campus modules at both the Institutes. The programme fee can be estimated at INR 12 Lakhs for Indian participants and INR 15.6 Lakhs for International participants.
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