Young and dynamic business leader Mr. Akash Mavle, CEO of Prime Numerics, gave an inspiring speech on analytics to the students of KIAMS, Pune on 12th July, 2014. Mr. Mavle is an alumnus of the prestigious Shailesh J. Mehta School of Management, IIT Bombay and has more than 18 years of experience as a CEO/CIO and CTO at various organizations.

KIAMS julyKIAMS july2He started three companies in the last 13 years, and has worked with some of the most prestigious organizations in India, including, Reliance, Mafatlal Consultancy Services and RCS-KIDE India. He is credited with starting B2B marketplaces serving four Fortune 500 companies in the United States, Australia and Japan.

In his lecture, Mr. Mavle instantly connected with the students through his humour and charm. He informed students about IIT-Bombay faculty member Professor Mr. Mangesh Korgaonkar and his association with KIAMS. In the field of analytics, students got an overview of the technology, techniques, management and companies operating in the highly rewarding sector. Mr. Mavle unveiled stunning trends in healthcare, hospitality, aviation and manufacturing, and he shared important statistics that drew the attention of budding managers to this field. He offered valuable input to students on working in this challenging environment and the myriad of opportunities it provides. He recommended that young minds work to prepare firm foundations in mathematics and statistics to stay competitive.

Students had a great opportunity to gain insight into the numbers game that we call analytics. His delivery on the dynamics of big data left the listeners surprised about the extent to which analytics surrounds our lives. The various characteristics of big data are volume, variety, velocity and veracity. Mr. Mavle presented strong answers to the numerous questions asked by our budding managers.

The lecture also explored career opportunities in the field of analytics, including the positions of business analysts and program managers. This gave students the opportunities to imagine themselves in these roles. Mr. Mavle also took the students through the various domains of comprehensive business analytics and optimization. For example, the American healthcare system was used to illustrate the real-world uses of analytics in the healthcare sector. Mr. Akash Mavle believes modern management courses should stress the importance of analytics and he recommends competency centers for analytics in management schools. He suggested that students should read literature on analytics that will give them a bigger picture. One of the books he suggested is Competing on Analytics, which could help students gain an understanding of various certifications that are in demand in the analytics sector.

The lecture raised our students’ interest in the world of analytics; a field that Mr. Mavle believes will touch every sector in the years to come. The analytics market is fast-growing and expected to exceed the $200 billion mark. In such a challenging scenario managers need to stay analytically competitive to make a mark in their environment. Using analytics in decision-making will help students and professionals sharpen their business skills and ensure that they remain at the cutting edge of business trends.