Poverty Alleviation Research Centre (PARC)

 Information Brochure

Decision science essentially refers to the application of mathematics and technology on large volume of data to extract insights for problems, which are not very clearly defined. Many business problems start off muddy. To help in solving them, one needs to understand and appreciate the business context. It requires an interdisciplinary approach consisting of several different skills based on business applications, applied mathematics, computer science, and behavioral sciences. Data driven decisions can be enabled by making a journey from data engineering to decision sciences. The terms of data engineering and decision sciences may be explained as follows:

  1. Data engineering is the application of technology to help collect, store, process, transform, and structure data to enable it to be used for decision support.
  2. Data science is the application of mathematics and various aspects of technology to solve business problems. This involves analysis, visualization, and mathematical computations to extract insights in response to clearly defined business problems, using well identified data elements. Data science integrates and builds on data engineering by adding the discipline of mathematics.

The centre strives to disseminate and generate knowledge in the said domain and investigates for the use of the knowledge in making human life comfortable. The centre is offering M.Tech. course on ‘Analytics and Decision Sciences’ from Autumn 2015.

Research Focus

  • Statistical modeling of data
  • Big data analytics
  • High performance Data analysis
  • Predictive Analytics
  • Forecasting time series data
  • Optimization of big data
  • Problem specific solution to business problems
  • Handling image data, satellite data, medical data, census data etc.

Committee Members

  • Dean (Acad.) NIT Rourkela (ex officio): ChairPerson or a senior professor of NIT Rourela.
  • Head Department of Computer Science & Engineering (ex officio).
  • Head Department of Mathematics (ex officio).
  • Head Department of School of Management (ex officio).
  • The faculty members specializing in analytics.
  • The faculty member of UNCC nominated by Dean. ,UNCC.

Chairman

Prof. Banshidhar Majhi

Professor
  -
  bmajhi[at]nitrkl.ac.in

Chief Patron

Image

Shri Venkata N. Peri

Chief Patron
LPCADS Principal, PricewaterhouseCoopers Advisory