USC, DTI work on analytics based system for entrepreneurs

CEBU, Philippines- The University of San Carlos will work closely with the Department Of Trade and Industry, and other organizations to come up with good analytics-based information system for entrepreneurs in Cebu.

Joyce Natalie Yang of the USC School of Business and Economics said that aside from its extensive entrepreneurship trainings, and professional development offers, the school will provide an assistance portal of businesses, especially in data-base gathering and other essential information for business.

Analytics is defined as the scientific process of transforming data into insight for making better decisions. Our members help organizations like yours every day to use analytics to improve processes, save costs, and enhance revenues.

Earlier, IBM Philippines initiated a program to lead in producing data scientists by introducing analytics-base curriculum in partnership with Commission on Higher Education.

The company is touching base with several universities and colleges in Cebu, including USC.

In 2013, CHED in partnership with IBM introduced another breakthrough in education through the recently introduced course in business analytics.

According to Yang, USC will need the help of DTI in gathering the data base and other information needed for the analytics portal.

Business Analytics for Information Technology Education (ITE) and the Bachelor of Science in Business Administration (BSBA) programs were introduced by CHED for school year 2013-2014.

CHED co-developed in collaboration with IBM, the programs taking into consideration the paradigm shift and growing demand for the local and international business landscapes and geared towards helping transform the Philippines into being more globally competitive across all industries.

Today, organizations can leverage advanced analytics to address market uncertainty, complexity, volatility, and revenue growth.  However, according to Gartner Big Data demand will reach 4.4 million jobs globally by 2015, but only one-third of those jobs will be filled due to a lack of trained skilled professionals globally.  (FREEMAN)