The Maths of Consulting: KPIs

Every year, on December 22, India celebrates Mathematics Day, commemorating the birth anniversary of Mr Srinivasa Ramanujan, a mathematical genius whose contributions have shaped industries, sciences, and societies. As we honour his legacy, it’s fitting to recognise mathematics critical role in consulting, mainly through Key Performance Indicators (KPIs).

KPIs quantify company’s success and guide strategic decision-making. They bring mathematical concepts to life in the consulting world, turning theory into actionable insights.

Mathematics influences consulting in several impactful ways:

? Descriptive Statistics: Metrics like averages, medians, and percentages help quantify customer satisfaction, sales growth, employee retention, and more. These metrics offer a clear picture of organisational performance.

? Probability and Forecasting: Mathematical models enable consultants to benchmark performance and forecast trends. For instance, comparing employee turnover rates to industry standards highlights areas for improvement.

? Data Visualization: Tools like bar graphs, pie charts, and scatter plots simplify vast datasets, making them comprehensible and credible. Presenting KPIs visually demonstrates the tangible impact of strategies.

? Trend Prediction: KPIs allow businesses to anticipate and mitigate risks. For example, forecasting high employee quit rates encourages proactive workplace improvements, boosting morale and retention.

? Marketing Insights: Metrics like social shares and engagement rates assess branding strategies, ensuring resources are allocated effectively to achieve desired results.

? Goal Setting: KPIs transform qualitative objectives like customer satisfaction into measurable targets, clarifying business aims and enabling progress tracking.

? Survey Analytics: KPIs evaluate data reliability, identify patterns, and filter out inconsistencies, improving decision-making based on survey findings.

CHRIST University: Equipping Future Consultants

CHRIST University's undergraduate and postgraduate programs blend economics or computer science with mathematics and statistics, equipping students with industry-relevant skills. We emphasise applying statistical methods to data analysis using R, Python, BI, SQL, Java, and MS Office tools, preparing students to excel in real-world scenarios.

Proven Success

Our graduates are highly sought after by leading companies like Mahindra Finance, Mu Sigma (μσ), Accenture, DataSturdy, loyalytics.ai, HP, Cerner, Neostats, Zigram Data, Poshmark, HSBC, and Quantiphi. Their expertise in applying mathematical principles to solve real-world problems underscores the quality of education at CHRIST University, inspiring current and prospective students alike.

CHRIST Consulting: Turning Numbers Into Growth

CHRIST Consulting, the university’s centralised business consultancy cell, applies quantitative expertise to drive client mandated research. Leveraging data visualisation, statistical modelling, machine learning, and data mining, we uncover patterns, predict trends, and shape actionable strategies. By transforming data into growth narratives, we deliver impactful solutions that empower businesses to thrive.

At CHRIST University and CHRIST Consulting, we harness the immense potential of mathematics to create a better tomorrow.

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