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Deloitte: Founding member of Business Analytics Institute - 04/03/2013

Deloitte: Founding member of Business Analytics Institute

Deloitte is expanding its relationship with Indiana University's Kelley School of Business to become the founding member of its Institute for Business Analytics.

"More organizations than ever are embracing the practice of using data to drive business strategy and performance with the goal of becoming more competitive and profitable. As a result, organizations are looking to hire employees with existing analytics skillsets," said Idalene Kesner, interim dean of the Kelley School of Business and Frank P. Popoff Chair of Strategic Management. "We are pleased to expand our relationship with one of the leaders in this field."

Business analytics is an emerging field that directs companies how to best use data about their practices and consumers -- using techniques such as predictive analytics, optimization and simulation -- to make fact-based decisions that improve productivity, increase profits and create competitive advantages.

The Institute for Business Analytics, which was founded a year ago, is co-directed by Vijay Khatri, associate professor of information systems and an Arthur M. Weimer Faculty Fellow; and Frank Acito, a professor of marketing, the Max Barney Faculty Fellow and former associate dean for information technology of the Kelley School.

The institute supports academic programs that prepare students to solve business problems using analytics, as well as corporate partnerships that shape the school's understanding of analytics and help companies tap into Kelley's talent. It also supports cross-disciplinary research by faculty and organizes seminars, conferences and case competitions.

"Businesses generate enormous amounts of information that can drive growth, but there's a shortage of well-trained professionals who can apply analytical models and visualization tools to the data in ways that yield the greatest insight," said Forrest Danson, principal, Deloitte Consulting LLP, who leads the firm's analytics efforts nationally. "We are excited to be joining the board of the Institute for Business Analytics and to help shape the institute's educational activities to offer new development opportunities in the field of analytics."

"We have worked very closely with Indiana University (IU) on a number of initiatives over the years, and this is one more example of the innovation that can be delivered when universities and businesses work together," added Mark Zozulia, principal, Deloitte Consulting LLP. "This innovation translates into the curriculum and consequently the high talent of the students that we recruit from the Kelley School." Zozulia is Deloitte's executive sponsor for the Institute for Business Analytics, a leader in Deloitte's information management practice and an alumnus of IU's Kelley School of Business.

More information about Deloitte Analytics is available on its website.