Businesses are increasingly relying on data which is slowly transforming our world. To a point, an organization's efficiency is intrinsically linked to how effectively it uses data.

Today, when the world is becoming more data-driven and tech-savvy, implementing Analytics in the HR department can benefit organizations by identifying the key drivers of business performance that will eventually aid in decision-making.

Further, the finance sector and services are more data-heavy than any other sector. It uses data to measure and quantify risk, manage liabilities, assets, equity, income, expenses, and cash flow.The change has brought forth the need for financial analytics. It helps in shaping up tomorrow's business goals and helps improve decision-making strategies. It provides differing perspectives on financial data and insights that can facilitate strategic decisions.

In addition, the field of economics was mostly theory driven for centuries and with less amalgamation of applications. There is one thing that gives all of those theories weight, Econometrics.  Broadly put, econometrics is the math behind economic modeling. It looks at discrete variables within the aggregated data to winnow out what matters at the time of the data's analysis. In other words, it subjects real-world data to statistical trials and then compares and contrasts the results against the theory under investigation.

People and numbers drive businesses in different ways and analytics is the strand that connects these seemingly polar opposite domains.  

For the first time at IIM Sirmaur, three clubs, Datonics, Finserve and Horizon are coming together to build something remarkable and huge, Anvay - the annual analytics conclave. The conclave aims to bring significant insights from the business world by learning about ongoing trends and the importance of analytics in different business areas. Anvay - the annual analytics conclave will be the epitome of synergy celebrating the amalgamation of three clubs at IIM Sirmaur.