Fordham University and IBM are collaborating on a new business analytics curriculum to help prepare college students for careers in key industries such as energy and utilities, healthcare, education, transportation and public service that are expected to benefit from $1.8 trillion in global stimulus investments.
Businesses and governments are now driving transformation projects including smart grids that lower energy consumption, sensors that help reduce traffic congestion, electronic medical records for personalized healthcare and RFID tags that trace food and medicine for consumer safety. The digital infrastructures supporting these projects will generate enormous amounts of data requiring a skilled workforce to make sense of it in a meaningful way. For example, computing systems today are generating 15 petabytes of new information every day -- eight times more than the combined information in all the libraries in the U.S.
In a recent IBM Global CIO Study, 83 percent of respondents identified business analytics -- the ability to see patterns in vast amounts of data and extract actionable insights -- as a top priority and a way in which they plan to enhance their competitiveness. As the adoption of business analytics grows within organizations, the need for analytics skills across all functions of a business rises as well.
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