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NIBM signs MOU with Dialog Axiata PLC to develop the Data Science Industry in Sri Lanka



On 21 January 2019, the National Institute of Business Management (NIBM), a state-owned educational  and consultancy services  organization signed a Memorandum of Understanding with  Dialog Axiata PLC, to partner in developing  a Business Analytics Centre (BAC), which would cater to the  effective and efficient functioning of numerous processes in the public and the private sectors of the country through the use and analyses of big data

With the advancements of technology, it is seen that the proliferation of data is creating novel opportunities for businesses to better understand their customers, industry and their own operations. However, as the formats, sources and deployments of data is seen to grow rapidly it has become a challenge for the businesses to optimize the wealth of new data while maintaining compatibility with the existing systems. On the other hand, as we step to digitization, big data analytics have become a key requirement in prediction systems and decision making where hybrid data management techniques have proven enterprises to drive innovation by seamlessly accessing, sharing and analyzing data. Therefore, through the integration of technologies it is  seen that we can analyse a vast spectrum of big data inclusive of social media, mobile technologies, web and Internet of Things (IOT), which would enable us to gain insights to take the next step in developing a smarter world.

 

Therefore, as a step to drive innovation,the National Institute of Business Management is collaborating with Dialog Axiata PLC, the largest telecommunication provider in Sri Lanka, by way of a bilateral agreement to contribute to developing a National Level Big Data Analytic Lab at the National Innovation Center of  the NIBM, to predict the future of enterprises that could make a major contribution to the well being of the country, as also, in finding solutions to issues that beset the country, whilst at the same time, promoting and encouraging  students, undergraduates and graduates to make use of Data Sciences to gain experience in designing and implementing value creating processes in the field of Data Sciences and Analytics in the public and private sectors, with a view to improving their  quality and productivity.

 

The MOU was officially signed with Dialog Axiata PLC in the presence of Dr. Rainer Deutschmann (Group Chief Operating Officer  - Dialog ), Mr Rohan Prithiviraj Perera, (Chairman NIBM) Mr. Munesh David (Vice President Group Corporate Planning & Strategy - Dialog ), Dr. D. M. A. Kulasooriya (Director General - NIBM ),  Mrs. Gangani Wickramasinghe ( Director School of Computing  - NIBM ), Mr. Kolitha Ranawaka ( Director School of Business - NIBM ), & Dr. Buddhima Subasinghe ( Head Computer Science, School of Computing  - NIBM )