Despite tighter IT budgets, business intelligence is one area that seems to be enjoying continued investment.
With a vision to prepare students for challenging career in "economy of tomorrow" industries, IBM and Telfer School of Management at the University of Ottawa today announced a joint venture under which an "international center of excellence for business analytics research" at the University' s Telfer School will be established.
IBM (News - Alert) and the Telfer School will invest more than $4.8 million in cash and in-kind time to start this new IBM Center for Performance Management. This center will conduct IBM research and development, software, services, consulting and support secessions for staff.
The Center for Performance Management will leverage IBM research and development, software, services, consulting and support secessions for staff to help companies and governments manage much more complex and unpredictable business and societal problems. Information technology giant will provide hardware and software, while the Telfer School will set up a new $1 million endowment fund as an institutional contribution to the new Center.
The new business analytics research center plans to tackle the uncertainties and imprecision of managing real- time situations. It would help the students as they prepare for work in key industries, including healthcare, green infrastructure, clean energy and utilities, education, transportation and public service.
This research will apply the same combined approach to understand the two key areas of business analytics - performance management, and business intelligence - capabilities that help organizations better integrate their global operations, sense and respond, predict and then take action for smarter management, better business decisions and improved performance.
IBM researcher involved in this project will reside at the University of Ottawa and work side by side with the Telfer School of Management faculty in a collaborative lab environment.
IBM has infused more than $10 billion in the past four years in organic investments as well as 14 strategic acquisitions to build its business analytics capabilities.