DEPARTMENT OF BUSINESS ECONOMICS

UNIVERSITY OF DELHI
Presents
50th
ANNUAL
CONVENTION Date : October 14, 2023
Venue : S.P. Jain Auditorium, Delhi University South Campus
Time: 9:45 AM onwards

Panel Discussion 3: 2:15 PM – 3:30 PM

The Analytics Panel

Topic: Data Alchemy: Crafting Success through Interdisciplinary

Insights

The theme emphasizes the transformative power of combining data analytics

with interdisciplinary knowledge. In today's data-driven world, harnessing
information from various fields such as economics, psychology, and sociology is
essential for making informed decisions. This approach allows organizations to
unlock hidden patterns, improve innovation, and enhance problem-solving. By
blending data science with diverse perspectives, we can turn raw data into
valuable insights, fostering success in both business and research endeavors. This
concept underscores the importance of collaboration and a holistic approach in
maximizing the potential of data.
 Moderator Questions

1) How do organizations effectively leverage data and analytics to identify and

respond to market trends and changing customer preferences, giving them an
edge over competitors?

2) Can you discuss the role of data analytics in optimizing resource allocation and
labor productivity to achieve operational efficiency?

3) Can you provide examples of how analytics and interdisciplinary insights have
been used to solve complex business challenges, leading to tangible success or
innovation?

4) What are the key challenges organizations face when implementing data and
analytics-driven innovations, and how can these challenges be overcome to
ensure successful adoption and impact?

5) How can organizations promote a data-driven culture and mindset

across different departments and levels to ensure the effective
integration of data analytics into their operations?

6) At times, data can be overwhelming. How does one proceed with the task
of discerning insights from an overwhelming volume of data?

7) Data privacy and ethics are becoming increasingly important. How do

you balance the quest for insights with ethical considerations when using
data from various sources?

8) In the age of digital transformation, how do you envision the future of

data analytics and its role in decision-making and problem-solving for
organizations across various industries?

9) What are some of the ways that data and analytics can be used to
improve sustainability and social impact?

10) What advice would you give to aspiring business leaders to succeed in
this rapidly evolving field?