ML and AI in Managerial Decision Making

Program duration: 

This open program is designed as a 5-day residential program to be conducted on the IIM Udaipur campus. Participants are required to travel to Udaipur to attend the program in person. Since it is a residential program, participants will be accommodated in a suitable hotel on a single occupancy basis.

Program content: 

• Importance of ML and AI in contemporary managerial decision making;
• Organizations driven by ML and AI;
• Processes to make an organization ready for ML and AI;
• Exploratory business analytics and storytelling with contemporary graphical analysis;
• Preliminaries of analytics;
• Business analysis and prediction using regression models;
• Classification models and their applications in business – fraud detection, prediction of attrition, default prediction, buyer prediction etc.;
• Practical methods of handling class imbalance;
• Assessment of model performance and model diagnostics;
• Comparing performance of different classifiers in managerial applications;
• Classification trees and ensemble learning;
• Unsupervised learning in business intelligence – market segmentation or clustering, market basket analysis;
• Artificial Neural Network and Deep Learning;
• Text Mining and Social Media Analytics – Data Cleaning, Large Language Models, Topic Modelling, Sentiment analysis;
• ML and AI at work: Perspectives from contemporary organizations.

Pedagogy:

The pedagogy is a mix of class discussions, contemporary case studies, hands-on data analysis (with Excel, JMP, Tableau/Power BI, R/Python), and group discussions. The data examples will be from diverse business domains such as Marketing, Finance, Operations, Human Resources etc.

Target audience:

• Professionals in 5 – 10 years’ experience bracket who are interested in upskilling themselves with analytics, ML, and AI technologies and their applications in various domains of business such as operations, marketing, finance etc.
• Professionals in 5 – 10 years’ experience bracket who are interested in transitioning to managerial roles, with an aim to manage data science teams working on application of analytics, ML, and AI technologies in various spheres of business.

Application:

Interested & eligible candidates may apply online using the link in the “Apply now” column and make the payment.

Acceptance of applications:

All the applications received till the last date will be evaluated by a faculty panel and the candidates who are found eligible will be intimated via email by ExEd office.

If a candidate is not selected, the amount paid by such candidate will be refunded in due course by the Institute.

Program dates:

Start Date: Monday, September 23, 2024

End Date: Friday, September 27, 2024

Early Bird Discount (EBD) till: 

Monday, August 12, 2024

Last date for application: 

Friday, September 09, 2024

Last date for withdrawal:

Friday, September 09, 2024

Program fee:

Rs 1,51,040 (Rs 1,28,000 + 18% GST) to be paid along with the application form.

Early bird discount (EBD): 

Applications received on or before August 12, 2024, will attract an early bird discount of 5% on the fee before tax per participant.

The amount payable with EBD will be Rs 1,43,488 (Rs 1,21,600 +18% GST)

Corporate/group discounts:

Any company sponsoring three or more candidates will be given a corporate discount based on the number of participants sponsored for that program. 

For further details, please get in touch with the ExEd office.