The flagship event of the 6th edition of Prabandhan, presented by Department of Industrial Management and Engineering, Reflections was nothing short of delightful. Upon the scene of the setting sun, The event opened with an environment of tense expectations, keeping the audience on their toes with complete attention on the dais. Reflections saw participation of 6 eminent personalities and thought leaders of their respective industries in Mr. Sreeji Gopinathan from Reckitt Benckiser, representing the FMCG industry, Mr. Utsav Rawat from Novartis representing HealthCare and the Pharma industry, Mr. Satish Mittal, ex-CTO of Vodafone, heralding the telecom industry, Mr. Dinesh Modi, of Eros International representing the entertainment industry and our very own Dr. Devlina Chatterjee, an insightful member of the Department of Industrial Management and Engineering representing education and academia, moderated by Ms. Mitali Mukherjee, Co-Founder and Editor at Money Mile, a charismatic leader in her own right. Savants of their respective fields, these eminent architects chose to describe to the crowd at IIT Kanpur, the respective trends in the fields they represent and the external factors that have an effect on the maneuvers corporate structures make towards development. Mr. Rawat emphasized on the second wave the renaissance and reinvention of the new industrial revolution that converges technology with sustainability, the same factors that have helped the healthcare industry retain its growth juggernaut while Mr. Gopinathan emphasized on building with the right intent for the long run, with patience among the rural populus who embody the social fabric of the nation. They reassured the student community present that modern day India with its immense demography presents boundless opportunities in terms of outreach to truly reinvent the focus and mileage of growth. Dr. Devlina pointed out that such growth comes with a responsibility among the educated and financially stable who would then take up the onus to represent the opinion of the masses and drive ‘inclusive growth’. The driver of such responsible growth should be one considerable step at a time, where Dr. Chatterjee, Ms. Mukherjee and Mr. Mittal brought up excellent examples from their experiences where the rural segment has not kept pace with the ever-changing global landscape of technological upgradation and their requirement was at a much more basic level such as the absence of covered toilets or even electricity. This represents a completely different perspective than the one offered by the urban community which has moved away from money to comfort. In such a varied landscape, it is the right time for the Gen Y to step in, as Mr. Mittal so eloquently put forth. The discussion veered towards the distinct lack of jobs in the market, with figures threatening the ever looming downturn, and the collective suggestion was that the onus was on the true thinkers who could identify the pain points of society. The opportunities to collectively address the entire spectrum of root causes that evolve our cognizance of the real pain points in the society. The panel also spoke extensively about the bridge between academia and its applications, the paradigm shifts that the jugaad culture could see, if India had the gumption, patience and brawn to take the leap of faith at the right time, and most importantly the responsibility to identify the right problems to drive inclusive growth among the entire country as a collective, even bringing forward candid examples from their lives and answering queries from the crowd. The students were overtaken by a rush of belonging to the India that represents a truly bountiful land of opportunities with its immensely large demographic of 1.3 billion and reflected upon a possible change in thought processes can help the new-age techno-managers that MBA IIT Kanpur stands for, take the under-developed core engineering industry from strength to strength with the support of the existing governance. Ideation and job-creation was the call of the hour, and the audience went home to the thoughts of a completely new avenue of career-building where exploration and daredevilry in the corporate landscape were strengths and not blockades into driving socially responsible growth for our nation. Reflexions, the flagship of the new look meaner and ambitious Prabandhan, provided this immense learning experience, which rightfully closed to thunderous applause.
Nov 4, 2017
ALUMNI CONNECT- "Machine Learning and Artificial Intelligence" by Mr.Nitin Aggarwal, Quantitaive Analyst, Google
The Department of Industrial and Management Engineering, IIT Kanpur had the opportunity to host a Webinar by Mr. Nitin Agarwal, Quantitative Analyst, Google. The Alumni committee of MBA holds the credit for organizing the webinar. An alumnus of MBA-IIT Kanpur, Nitin Agarwal gave a lot of insight into the world of Machine learning. The webinar started with the speaker asking our views on Machine Learning. As he explained Machine Learning is the process of making lot of small decisions so as to get an end outcome. The basic objective of machine learning is not to memorize older data set but to recognize a pattern from the given data so as to be able to take decisions on newer data set. This is where it differs from Statistics. While statistics draws inference answering the question “what does the data mean?”, machine learning is all about prediction, which answers the question “Does it work well?”. So statistics describes data while machine learning takes decisions based on that data. The industry is gradually moving from Statistics to Machine Learning.
The speaker next explained the different categories of Machine Learning which include: Supervised, unsupervised, semi supervised and reinforcement. In case of supervised learning all the images were labelled and in case of unsupervised learning the images were not labelled at all. In semi supervised learning while some images are labelled, some are not. It is this semi supervised learning which is where the industry is currently focussing on. The speaker touched upon the neural network and deep learning. He also explained the different technologies that extensively use machine learning. Some notables are, IBM Watson, Google Prediction API, Tensor flow etc. As an MBA student it is imperative that we know how to take business decisions based on the inference drawn from the data.
Finally Mr. Nitin advised us what courses we can take over the MOOCs as well as in our department so as to build a strong foundation in Analytics. He categorically emphasized the importance of continuous learning in this fast changing world and the need to update ourselves to the changing need of the industry. It was a very insightful and informative session and would help people take an informed decision, who want to build a career in Analytics.
Oct 29, 2017
The Department of Industrial Management and Engineering, IIT Kanpur played host to one of the most ambitious public events in the department’s recent history in the 6th edition of Prabandhan, its management conclave, organized by the resident MBA students in association with Uttar Pradesh Tourism and Business Standard. The course of these three days, saw seamless execution of a well-planned extravaganza in a motley of various elements. Pitting the best among 4560 students from 46 premier business institutes against each other, it provided opportunities for embodiment and on-field application of theories and models from academia. It served as the platform for three days of complete co-creation and ideation among leading experts in respective fields to the aspiring managers, and was absolutely prismatic in its coverage of all industries and a bountiful spread of management sciences including Marketing, Analytics, Finance, Operations to Human Resources and Corporate Strategy.
The first day of Prabandhan set the ball rolling with an address on ‘Career Building in front of the Wave’ by Dr. Anindya Chatterjee, Professor with IIT Kanpur. He addressed the monophonic job market and the edge of the current generation has over the upcoming wave in terms of disparate ideas and that little bit more wisdom. Day 2 had an array of events lined up. Sanchaalan, an event of operational excellence , concerned with the nitty-gritties of getting your hands dirty with the specifics of achieving objectives saw winners in Team Visionaries from NITIE, acing a getting your hands dirty with the specifics of achieving objectives, adjudged by experienced members of the cold chain community in Mr. Alok Shrivastava and Mr. Namit Chawla of Waterwood Cold Chain Solutions. Markovista, the marketing event, dedicated to the memory of Professor S.S. Mishra, witnessed the victory flying to Team Strykers from IMI, Delhi as adjudged by Mr. Utsav Rawat, Head of Marketing Novartis, Ms. Abidha Shukla, Digital Marketing Manager, Polaris and Pankaj Dubey MD of Polaris. Regnant Populi covering human resources and abrupt layoffs, was bowled over by Team Serendipity from IIM Ranchi presided over Dr. Amit Shukla, professor with the Department of IME and Ms. Shruti Chadha, Senior Editor with Human Capital Magazine. Day 2 was drawn to a close with the insightful event Reflexions which saw a panel discussion in the presence of 6 eminent personalities and thought leaders of their respective industries in Mr. Sreeji Gopinathan from Reckitt Benckiser, Mr. Utsav Rawat, Mr. Satish Mittal, ex-CTO of Vodafone, Mr. Dinesh Modi, of Eros, Dr. Devlina Chatterjee, an insightful member of the Department of Industrial Management and Engineering, moderated by Ms. Mitali Mukherjee, Co-Founder and Editor at Money Mile. Savants of their respective fields, they spoke extensively about the bridge between academia and its applications, the paradigm shift that the jugaad culture could see, if India had the gumption, patience and brawn to take the leap of faith at the right time, and most importantly the responsibility to identify the right problems to drive inclusive growth among the entire country as a collective, even bringing forward candid examples from their lives. Day 2 carried on the juggernaut with ACCS which saw winners in Team Masterminds from DMS, IIT Delhi take away the spoils in the presence of Dr. Devlina Chatterjee and Mr. Bhargav Errangi, CEO and Ms. Aditi Agarwal of Spoyl. Vittraj, the flagship event for Finance, saw Team Blackrock from MBA, IIT Kanpur take the crown in battle for the knowledge of cryptocurrency refereed by Gaurav Dubey, CEO and Veeresh Singh, Business Process Manager with InfoTech Hub. Consulere, the consulting event presented a unique live case study to its participants with their acumen being observed by Mr Vaibhav Gupta, Group Head – Finance & Audit, Shri Lakshmi Cotsyn Limited and Dr Sunil Dhole, Cofounder Technorbital Advanced Materials Pvt Ltd and Technical Director at E-SPIN NANOTECH. This event saw Team Valar Dohaeris from IIT Kanpur emerge as victors! Game of Auctions was the final event of the day, the first of its kind, testing the perseverance of participants. In-house team from IIT Kanpur, the Golden Company, took the podium presided over by Dr. Vipin B and Dr. Shankar Prawesh of IIT Kanpur! Prabandhan also had standalone talks by Mr. Dinesh Modi and Mr. Bhargav Erangi, where students were offered varying insights on the putting numbers on creativity and taking the leap of faith with your creativity.
Along with the flagship events, Prabandhan 2017 also included a palatable selection of online events, which saw immensely popularity amongstudents across India. Events such as BizQuiz, the business quiz event; Tag Wars, the tagline naming event; Guesstimaze, which tests the numerical boundaries that one can operate in while exercising a degree of logic; Top Deck, the presentation event and Snap That!, the photography event clocked in impressive participation numbers across the board, with thousands of students enrolling online to compete. Along with these the offering stands from the resident business magazine Avant-Garde which offered a plethora of platforms for expressing their thoughts and subsequently have the article featured in the magazine. This event saw 6 different winners!
The core team, reflecting upon the event and how it presents itself in the grand scheme of things for Project MBA, IIT Kanpur suggests immense possibility of sustained growth driven by the ambitions of the students and the department. With elated fervor among the range of populus the ‘who’s who; of the Industry and ‘will be’s from B-schools such as IIMs, IITs, ISB, XLRI, MDI and IMT, Prabandhan 2017 proved to be a true extravaganza for the show case of immense talent. After all, the art of finding simplicity among clutter is the true finding of the student of management science.