About Furman Experience and Advice on Including Analytics in the - - PDF document

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About Furman Experience and Advice on Including Analytics in the - - PDF document

7/ 20/ 2014 About Furman Experience and Advice on Including Analytics in the Curriculum Kirk Karwan Department of Business & Accounting Furman University Private, liberal arts, all undergraduate In Greenville, SC along I-85


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SLIDE 1

7/ 20/ 2014 1 Experience and Advice on Including Analytics in the Curriculum

Kirk Karwan Department of Business & Accounting Furman University

About Furman

  • Private, liberal arts, all undergraduate
  • In Greenville, SC along I-85
  • Business and Accounting department
  • and majors, separate Economics dept.,
  • no statistics department
  • Strong alumni involvement

Current Undergraduate Analytics Class

 BUS 337 – Business Analytics I  Last spring, 28 juniors and seniors,

heavily Business Administration

  • majors. Spring 2014, to be similar

 Background primarily limited to an

introductory economics-based statistics course

Broader Question: Does Analytics Offer a Potential Win-Win?

 “The time is nigh…

 Everyone is talking about it…  These opportunities come and go

Interesting and Relevant Development…

  • Analytics is key to competitive

advantage, value, continuous improvement, innovation and even organizational power!!

Topical Areas

 Marketing analytics  Risk analytics  Fraud analytics  CRM analytics  Loyalty analytics  Operations analytics  HR analytics  Election analytics (!)

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SLIDE 2

7/ 20/ 2014 2

Two-Stage and Two-Pronged Approach at Furman

 Separate courses in different

departments

  • Business Analytics I and II in Business

Administration

  • Data Mining in Math and Comp Science

 An interdisciplinary minor among

Business Administration, Computer Science, and Mathematics

Business Student Awareness

 Important to be fed by other

coursework and experiences

  • We have an integrated curriculum with

visiting executives

  • Job prospects…

in our case, EXCEL is key

  • Virtually all disciplines can contribute;

applications are powerful

Caveat

 We could mess this up again…

think OR and MIS

Interdisciplinary Minor

 A serious challenge, even at a

smaller school like Furman

 Mathematics, Computer Science and

Economics faculty members are in favor but

  • disparate ways of thinking about it
  • degree of compromise is an issue
  • analogous question in B-Schools…
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SLIDE 3

Experience and Advice on Including Analytics in the Curriculum

Kirk Karwan Department of Business & Accounting Furman University

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SLIDE 4

About Furman

  • Private, liberal arts, all undergraduate
  • In Greenville, SC along I-85
  • Business and Accounting department
  • and majors, separate Economics dept.,
  • no statistics department
  • Strong alumni involvement
slide-5
SLIDE 5

Current Undergraduate Analytics Class

 BUS 337 – Business Analytics I  Last spring, 28 juniors and seniors,

heavily Business Administration

  • majors. Spring 2014, to be similar

 Background primarily limited to an

introductory economics-based statistics course

slide-6
SLIDE 6

Broader Question: Does Analytics Offer a Potential Win-Win?

 “The time is nigh…

 Everyone is talking about it…  These opportunities come and go

slide-7
SLIDE 7

Interesting and Relevant Development…

  • Analytics is key to competitive

advantage, value, continuous improvement, innovation and even organizational power!!

slide-8
SLIDE 8

Topical Areas

 Marketing analytics  Risk analytics  Fraud analytics  CRM analytics  Loyalty analytics  Operations analytics  HR analytics  Election analytics (!)

slide-9
SLIDE 9

Two-Stage and Two-Pronged Approach at Furman

 Separate courses in different

departments

  • Business Analytics I and II in Business

Administration

  • Data Mining in Math and Comp Science

 An interdisciplinary minor among

Business Administration, Computer Science, and Mathematics

slide-10
SLIDE 10

Business Student Awareness

 Important to be fed by other

coursework and experiences

  • We have an integrated curriculum with

visiting executives

  • Job prospects…

in our case, EXCEL is key

  • Virtually all disciplines can contribute;

applications are powerful

slide-11
SLIDE 11

Caveat

 We could mess this up again…

think OR and MIS

slide-12
SLIDE 12

Interdisciplinary Minor

 A serious challenge, even at a

smaller school like Furman

 Mathematics, Computer Science and

Economics faculty members are in favor but

  • disparate ways of thinking about it
  • degree of compromise is an issue
  • analogous question in B-Schools…