The Analytics Club of Department of Business Economics, Datamatics, organized its Annual Analytics Conclave, Vishleshan on 10th September, 2015. The inaugural session began at 9:15 am, with students of the department along with students from various b-schools, professors, sponsors and corporate speakers from various organizations in the audience.
After the lighting of the lamp, Dr. Suresh Aggarwal , the head of the department talked about the department and its niche course structure which creates managers for the analytics industry .The first corporate speak session started at 9:45am with Mr. Ankur Singh, Director-Analysis, dunnhumby, talking about the three different versions of customer analytics that has evolved over time and the role played by the data in the evolution.
Following him, Mr. Rajesh Kumar Shukla, AVP Decision Analytics, EXL Service, talked about analytics of fraud in the credit card industry. Following him, Ms. Debleena Datta, Senior Manager, who is also the department’s alumni, explained the whole credit card industry and its analytics in an easily understandable manner. The following session focused on solving the mystery of unstructured data by Mr. Anurag Srivastava, Manager, Deloitte Consulting.
Post high tea, began stat-wars in which 4 teams were shortlisted out of huge participant pool to give presentations in front of 3 member jury panel, which consisted of corporate from Deloitte Consulting and a fortune 500 credit card company. The winner of Stat-wars was Team JnJ, DBE and the runner-up was Team VinA_IIMRanchi, IIM Ranchi.
After lunch, the second corporate speak session started at 2:30pm with Mr. Krishna Kumar, Head, India Operations, Abzooba, talking about various IOT used currently and which can be used in real life that would help in analytics. Following him, Ms. Susmita Nandi, Practice Manager, Bluestar Infotech, spoke about how customers’ needs have changed over time and the need for customer analysis. This following session focused on innovation in retail industry by Mr. Anshul Goyal, Analytics Head – India, Capillary Technologies.




Post evening high tea, began case study competition in which 4 teams were shortlisted out of huge participant pool based on online prelims round to give a presentation on the case study, which was released 1 day ago in front of 2 member jury panel which consisted of Mr. Vitesh Kalambi, Absolutdata and Mr.Anshul Goyal, Capillary Technologies. The winner of the case study competition was Team Engima, IIM Rohtak and the runner-up was Team StatCats, DBE.

The event came to a successful end by the vote of thanks by Mr. Prakash, Student President of the department, thanking the title sponsor- dunnhumby, the event sponsor – Abzooba, online partners- askme.com & DU Beat and the print media partner – Business Standard.

Vishleshan, the official discussion forum of Arthashastra, the Economics Society of Miranda House college hosted Dr. Reetika Khera, an eminent developmental economist and social activist, for their first seminar of the session, titled “Doles, Freebies, Handouts: A Right(s) Approach to Populism”, on 26th August.

Dr. Reetika Khera, associated with institutions like Delhi School of Economics, IIT-Delhi, Centre for Economic Development and the Planning Unit at the Indian Statistical Institute, was actively involved with the implementation of the National Rural Employment Generation Act (NREGA) scheme and champions the cause of social welfare schemes.

The Seminar was preceded by a short reading group, where students discussed Dr. Khera’s work and talked about relevant issues, like the situation of public welfare schemes in India-the benefits they provide to people on a daily basis versus the expenditure on them. At 1.30 p.m, Dr. Khera took the stage after being welcomed warmly by Ananya Goyal and Arushi Gupta, Co-Heads of Vishleshan.

During the course of the seminar, which lasted for around an hour, Dr. Khera successfully broke down the concept of social welfare schemes and put forth her stance of supporting their expansion and upkeep. She mentioned how there had been recent talks about India’s social welfare policies being too “populist” when in actuality, we are a “world champion in social underspending”. Dr. Khera broke down the stigma against social welfare schemes by tackling the often-repeated issues like how expenditure on them adds to the fiscal deficit and how India cannot afford to fund these schemes anymore. She took on another major issue against schemes like The Public Distribution System, which are thought to be riddled with corruption and hence inherently ineffective.

In reality, statistics show that there have been considerable improvements in the PDS, with states like Bihar seeing a turnaround in their effectiveness. Dr. Khera also criticised the use of obsolete data from 1997-2001 which have been cited by columnists of leading newspapers to speak out against NREGA and other such social welfare measures. She ended her lively session by stating, “It just takes political will and basic technological intervention to run welfare schemes”, which was followed by an interaction session where attendees commented on and brought forth other relevant observations.

“In our quest for stimulating discussion on matters of importance in Economics, I believe that we are on a good start with the lecture by Dr. Khera. Her passion for her work, particularly for raising standards of living across the board by constitution of Rights for Necessities was inspiring for the entire lot of young economists in the audience,” said Ananya Goyal, the Co-Head of Vishleshan.

For more updates on Vishleshan events, visit their Facebook Page here.

Image Credits: Niketa Singh, Arthashastra (The Economics Society of Miranda House)

Shubham Kaushik

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