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Business Analytics: Part of New Career Recipe for Success
Delaney Turner 270002T14M email@example.com | | Tags:  management cognos business_analytics performance_ telfer
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Today's guest post is by Dr. Greg Richards, Professor of Performance Management, University of Ottawa, Telfer School of Management. It follows today's announcement that IBM and the Telfer School will jointly invest $4.8 million to create the IBM Centre for Performance Management, an international centre of excellence for business analytics to be housed at Telfer.
What will the graduates of tomorrow need to succeed? If there was a general recipe for success, I might list: business savvy, industry expertise and deep knowledge of how to manage information and use business analytics to deliver better business outcomes. This applies whether you are in physics, finance, marketing or on the shop floor.
A new center for research in business analytics
We know that today’s organizations operate in complex environments and that the information available to managers continues to grow at an astonishing rate. Today we are collaborating with IBM to help future managers extend their skills by introducing a new Centre for research in business analytics – a set of methods and technologies that help organizations make smarter decisions for better business outcomes.
New ways to "leverage human intellect"
The new IBM Centre for Performance Management at the University of Ottawa’s Telfer School of Management will focus its research activities on methodologies that managers can employ to leverage information enabling them to sustain organizational performance even in very challenging situations. The notion here is about “leveraging human intellect”—a phrase we owe to Doug Engelbart, who was a pioneer in improving technology to make it easier for people to use. We expect to build on research already conducted in fields such as strategy, operations management, information systems, and organizational development taking an interdisciplinary approach to exploring how managers can better leverage information and business analytics to dramatically improve organizational performance.
A well-developed, global curriculum
When it comes to curriculum development, the focus is on transferring what we learn in the research program into courses for business and technology students. We, at the Telfer School of Management have already started some of this work, as have professors in other universities such as Fordham University in New York, and the University of South Australia. The idea is to leverage the work already done to bring to our students a well-developed, global curriculum based on using information to address what we like to call “wicked” problems. The vision is that, in the not too distant future, students from the partner universities might be able to work together using business analytics to address some of the more challenging managerial problems facing our global community. For example, issues such as energy, health care and environmental management might be topics that we address through case studies and collaborative exercises.
To solve pressing world problems
We are quite excited to get started, we already have a number of research projects organized and are continually updating our curriculum. With this partnership, we will be able to greatly improve on both research and curriculum development as we work to help solve some of the more pressing challenges our planet faces.