Trinidad and Tobago and most other countries of the English-Speaking Caribbean continue to face challenges of national competitiveness. The World Economic Forum (WEF) Global Competiveness Index (GCI) 2011 and prior reports attest to this.
Business Analytics involves "the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions" (Davenport & Harris, 2007). Anecdotal data and limited informal research within the Caribbean region, including a private and public sector leadership focus group at the Lok Jack GSB (2010), reveal minimal use of business analytics in decision-making. At the same time, formal research in the international arena continues to reinforce a link to competitiveness of both Business Analytics and increasing levels of Business Analytics adoption.
The Centre comprises of faculty that collectively possess international experience in both Business Analytics and Business Leadership. In addition to its faculty blend of academia and practice, the work of the Centre is facilitated by a 20 computer laboratory with SAS, ORACLE, SPSS and within the 2012 year the proposed addition of Cognos software.
The activities of the BABI Centre include:
- Research on business analytics within the Caribbean to determine level of awareness and BABI adoption; factors that hinder/foster adoption.
- Consulting engagements with clients to progress their level of BABI adoption and use for insight generation and hence competitiveness.
- Design and implementation of business analytics courses and modules across the Masters, in-company and executive development programmes.
- Production of peer reviewed journal articles and case studies.
- Hosting of international academic and executive conferences.
Faculty involved in the Centre:
Professor Gour Saha, Director
Keith M. Thomas, Executive in Residence