Data Analytics and Research Centre

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Data Analytics and Research Centre

Data Analytics and Research Centre will act as a centre of excellence at International Management Institute, Kolkata. The primary objective of CDSM is to disseminate the knowledge related to Data Science and its applications in the academia and Industry. It will work in collaboration with stakeholders (Students, faculty, Industry Professionals, Govt. & Private Organizations etc.) in academia and industry to promote high quality research, skill upgradation and capacity building so that they can utilize these skills in their work environment.

Need of the centre

Data science is a process that empowers better business decision-making through interpreting, modeling, and deployment. This helps in visualizing data that is understandable for business stakeholders to build future roadmaps and trajectories. Implementing Data Science for businesses is now a mandate for any business looking to grow. Data Science enables companies to efficiently understand gigantic data from multiple sources and derive valuable insights to make smarter data-driven decisions. Data Science is widely used in various industry domains, including marketing, healthcare, finance, banking, policy work, and more. Further speaking about demand, there is an immense need for individuals with data science skills. The organizational importance of Data Science is continuously increasing. According to a study by marketsandmarkets.com, the global Data Science market is expected to grow to $115 billion by 2023. According to IDC, by 2025, global data will grow to 175 zettabytes. According to AIM Research in India, there were 137870 jobs in data science in June, 2021 and witnessed a 47.1% increase in open job requirements as compared to June 2020. India contributed to 9.4% of the total global analytics job openings, a rise of 7.2% in January 2020. In addition, recruitment services firm Michael Page India’s “The Humans of Data Science” report revealed that data science will roughly create 11.5 million job openings by 2026.  LinkedIn’s emerging jobs report ranked data science as fastest growing globally and has witnessed a growth of over 650% since 2012 and the market slated to grow from $37.9 billion in 2019 to $230.80 billion in 2026.

Data science is high in demand and explains how digital data is transforming businesses and helping them make sharper and critical decisions therefore data scientists are high in demand today. This demand is due to the need of skilled professionals who could wrangle with data and help make discoveries and ultimately empower organizations to make data-driven decisions. CDSM will provide the analytical skills related to data science to make them industry-ready ready prepare individuals to be scientists using their computer science, statistics, and mathematical skills to analyze, process, interpret, and store data.

Vision

The “Data Analytics and Research Centre” aims at creating value out of data across various domains and imparting the analytical skills to handle data efficiently. The centre aims at harnessing the power of volume and variety of data for efficacious decision-making.

Mission

  • To provide knowledge of various data science verticals through training
  • To provide technical and analytical solutions to businesses
  • To build a collaborative environment for data science research
  • To collaborate with national/international academic institutes for data science-related content development

Objective and Scope of Work

  • Collaborate with organizations and academic institutions of national and international repute for global dissemination of knowledge related to Data Science.
  • Conduct training programs/workshops for data science enthusiast/ professionals.
  • Conduct national/international symposium/conference/panel discussions/round table discussions on emerging trends in Data Science and its application areas.
  • Conduct high quality research related to Data Science.
  • Deliver short/long-term certificate programs in the area Data Science.
  • Collaborate with industry for bridging the industry-academia gap and explore potential consulting opportunity.

Benefits from IMI-Kolkata Branding

  • The legacy of IMI brand provides key resources in terms of infrastructure and knowledge to set the platform for this centre to operate.
  • Strong international connections of the institute provides opportunity for collaborations with academic institutes of international repute.
  • Mentorship opportunity by RPSG Group companies.
  • Visionary director who continuously promote a culture of learning and research.
  • Highly talented faculty members with research and consulting expertise.

 

Activities planned for the centre

  • Conducting collaborative research
  • Seminar/webinar for IMI stakeholders
  • Executive training programs.
  • Short/long term certificate courses.
  • Bringing sponsorship for events (conferences, conclaves, panel discussions etc.) related to vision and mission of the centre
  • Consulting projects for client organizations.
  • Bringing funded research project from govt. or non govt. organizations
  • Filing Patents

 

Team

  • Dr. Avinash K Shrivastava, Associate Professor, Quantitative Techniques
  • Dr. Ruchi Sharma, Assistant Professor, MIS & Analytics
  • Ruchi organized a talk by Mr. Havish Madhavpaty on “Enterprise Resource Planning” for the PGDM students.
  • Organized an event Dissect: Bring-O-Pedia during the annual fest of IMI Kolkata for the participants of several institutions.
  • Created content and posted on the social media platform viz. LinkedIn on the emerging topics for wider reach and interactions.
  • The center organizes interaction sessions on various topics of data analytics to create awareness and to showcase the application in other domains of management.
  • Ruchi played a key role in establishing a student chapter in association with the Analytics Society of India (ASI) (Managed by DCAL, a subsidiary of IIM Bangalore) at IMI Kolkata. The launch of the student chapter was graced by Prof. U Dinesh Kumar, Dean, IIM Bangalore.
  • Avinash K Shrivastava visited the University of Hamburg, Germany to present a paper titled “ OPTIMAL SOFTWARE SCHEDULING DECISION USING MULTI-ATTRIBUTE UTILITY THEORY” at OR 2023- Decision Support & Choice-Based Analytics for a Disruptive World held during August 29 to September 1, 2023.
  • Avinash was invited as a Keynote speaker during the Capacity Building Programme for Faculty Members on Data Science during May 19, 2023 – June 01, 2023 (Online Mode) organized by IIITDM Jabalpur.
  • Avinash Conducted an MDP on “Data Analytics for Managers” in Bangladesh during 3rd-5th November,2023 for senior level managers of various firms.
  • Avinash chaired a session on “Artificial Intelligence & Machine Learning” during 2nd International Conference on Recent Trends in Engineering, Technology and Business Management (ICRTETBM 2023) (Sustainability, Digitization, and Business Operations) held on 22nd-24th Feb 2023 in association with 23rd INBUSH ERA WORLD SUMMIT 2023 at Amity University, Noida.

2024

  • Rashmi Ranjan Panigrahi, Avinash K Shrivastava, P.K.Kapur Impact of Inventory management practices on the operational performance of SMEs: Review and Future research directions, International Journal of System Assurance Engineering and Management, Accepted, 2024, IF-2.0, Scimago Rank Q2

2023

  • Preeti Sharma, Avinash K Shrivastava, Sachin Rohatgi, Bhakti Bhushan Mishra Impact of Macroeconomic Variables on Sustainability Indices Using ARDL Model The Journal of Sustainable Finance & Investment, 13(1), 572-588, 2023. Scimago Rank Q2.IF-4.3
  • Avinash K Shrivastava, Hoang Pham, Ruchi Sharma Software Reliability and Cost Models with Warranty and Lifecycle, Journal of Risk & Reliability, 237(1):166-179, 2023 Scimago Rank Q1, SCI, IF-2.1
  • Rashmi R Panigrahi. Duryodhan Jena, Jamini Ranjan Meher, Avinash K Shrivastava Assessing the Impact of Supply Chain Agility on Operational Performances-A PLS-SEM Approach, Measuring Business Excellence, 27(1): 1-24, 2023 ABDC “B” Scimago Rank IF-2.5
  • Gobinda Roy, S Mukherjee, B Dutta, Avinash K Shrivastava Systematic Review of eWOM Literature in emerging economy using ACI framework” International Journal of Emerging Markets, 18(11): 5195-5216, 2023, Scimago Rank Q2, ABDC “B”, IF-3.422
  • Mobin Fatima, Imran Khan, Vikas Kumar, Avinash K Shrivastava Corporate Social Responsibility and Customer-Citizenship Behaviors: The Role of Customer-Company Identification, European Business Review, 34(6): 858-875, 2022 ABDC “B”. Scimago Rank Q1, IF-4.2
  • Ruchi Sharma, Avinash K Shrivastava, Hoang Pham Software Security Evaluation Using Multi-Level Vulnerability Discovery Modeling. Quality Engineering, 35(2): 341-352, 2023. SCIE, IF-2.0, Scimago Rank Q1
  • Rashmi R Panigrahi, Jamini R Meher, Gokulnanda Patel, Avinash K Shrivastava, L K Jena Operational performance entitling the knowledge of inventory management practices on business performance: A mediational study, Global Knowledge, Memory and Communication, Accepted, 2023 ABDC “B”. IF-1.8, Scimago Rank Q2
  • Jyoti Ranjan Jena, Rashmi Ranjan Panigrahi, Avinash K Shrivastava A Research on Financial Engineering studies – A Bibliometric Analysis, International Journal of Financial Engineering. 10(2), 2023. ABDC “C”.
  • Anup Kumar, Kumar Santosh Shrivastav, Avinash K Shrivastava, Rashmi R Panigrahi Abbas Mardani, Fausto Cavallaro Sustainable Supply Chain Management, Performance Measurement and Management: A Review, Sustainability. 15(6), 2023. IF 3.9, Scimago Rank Q1
  • Tirthankar Nag, Boudhayan Ganguly, Rohit Singh, Avinash K Shrivastava What fuels innovation in firms? Exploring linkages of R& D and ICT capabilities with innovation performance of Indian firms. FIIB Business Review, Accepted,2023 ABDC “C” IF: 2.6, Scimago Rank Q2
  • Rashmi Ranjan Panigrahi, Padma Charan Mishra, Avinash K Shrivastava Geoenvironmental Factors Influences on Mining Operation: An Indirect Effect of Managerial Factors” Environment Development and Sustainability Journal, Accepted,2023 IF: 4.9, Scimago Rank Q1
  • Tripti Dahiya, Nakul Vashishth, Deepika Garg, Avinash K Shrivastava, P.K.Kapur Novel Heuristic Algorithm & its Application for Reliability Optimization, International Journal of Mathematical, Engineering and Management Sciences, 8(4):755-768, 2023. IF: 1.6, Scimago Rank Q3
  • Javaid Iqbal, Nyla Manzoor, Avinash K. Shrivastava, Ishfaq A. Malik Integrating Burr Type Testing Effort functions in Logistic Reliability Growth Model with Uncertainty Factor, International Journal of System Assurance Engineering and Management, 14(6):2365-2375, 2023.,IF-2.0, Scimago Rank Q2
  • Jyoti Ranjan Jena, Saroj Kanta Biswal, Rashmi Ranjan Panigrahi, Avinash K Shrivastava A Bibliographic Overview of Financial Engineering in Financial Market, International Journal of System Assurance Engineering and Management, 14(6): 2048-2065,2023, IF-2.0, Scimago Rank Q2
  • Rashmi Ranjan Panigrahi, Avinash K Shrivastava, Karishma M. Qureshi, Bhavesh G. Mewada, Saleh Y. Alghamdi, Naif Almakayeel, Ali Saeed Almuflih, Mohamed Rafik Noor Mohamed Qureshi “AI-chatbot Adoption for Sustainable Supply Chain Performance: A Mediational Research in Emerging Country”  Sustainability, 15(18), 2023, IF-3.9, Scimago Rank Q1
  • Amrita Agrawal, Deepika Garg, Rachita Sethi, Avinash K Shrivastava Optimum redundancy allocation with review on spider Monkey optimization and comparative performance analysis, Soft Computing, 27(21): 15595-15608, 2023. IF: 4.1, Scimago Rank Q1
  • Mallika Devi Pathak, Brajaballav Kar, Rashmi Ranjan Panigrahi, Avinash K Shrivastava Role of Entrepreneurial Resilience in SMEs to promote Marketing and Entrepreneurship amid Covid19 Challenges, Journal of Research in Marketing and Entrepreneurship, 26(1):44-62, 2024, ABDC “B”, Scimago Rank Q2
  • Chetna Choudhary, Deepti Mehrotra, Avinash K Shrivastava, Enhancing the website usage using process mining, International Journal of Quality Reliability and Management, Accepted, 2023. IF: 2.5, Scimago Rank Q2
  • C Verma, P. Sharma, S. Singla, A. Srivastava, & R Sharma (2023). SARS-CoV-2 forecasting using regression and ARIMA. International Journal of System Assurance Engineering and Management, 14(6), 2626-2641.
  • R. Rani, S. Arora, V. Verma, S. Mahajan, & R. Sharma (2023). Enhancing facial expression recognition through generative adversarial networks-based augmentation. International Journal of System Assurance Engineering and Management, 1-20.

2022

  • Deepika Garg, Tripti Dahiya, Avinash K Shrivastava Developing A New Heuristic Algorithm for Efficient Reliability Optimization, International Journal of Information Technology, 14(5):2505-2511, 2022, Scopus, Scimago Rank Q1

Book Chapters

  • Himanshu Sharma Anshul Tickoo Avinash K Shrivastava Umer Khan Human Pose Estimation using Artificial Intelligence, Applications in Reliability and Statistical Computing. pp. 245-270, 2022. ISBN: 978-3-031-21232-1.
  • K.Kapur, Avinash K Shrivastava (2024) Software Technology Management Under Stochastic Environment, In: Varde, P.V., Kumar, M., Agarwal, M. (eds) Advances in Risk-Informed Technologies. Risk, Reliability and Safety Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-99-9122-8_9