GREAT LAKES GUEST LECTURE SERIES
Mr. Jaidev Deshpande
Senior Data Scientist, Gramener
Picture this, you’ve just had a scrumptious meal and you’re now back at your desk. The mirage of a soft bed and a warm pillow invites you to indulge in a little afternoon siesta. Your eyes feel heavy already. But if you’re a Great Laker, it would rather be a different story altogether. The ever-energetic Jaguars (and Aztecs) of Great Lakes Institute of Management, Gurgaon, had suited-up and gathered in the auditorium for an interesting take at Analytics and Artificial Intelligence by Mr. Jaidev Deshpande, Senior Data Scientist, Gramener, orgainzed at the campus recently. Taking the eager and curious students on a journey, our storyteller opened the talk with a brief introduction of what data analytics entails. He started off by displaying a beautiful image of ice-capped mountain ranges and asked the students to find out what’s wrong about the picture. A light murmur rang throughout the room as the students put their grey-matter to use, one of the attendees was able to identify that the peaks were extraordinarily pointed. Impressed, Mr. Jaidev said, “You are correct, the mountains are superimposed on a graph, of the US 2008 Recession to be precise.”
Moving on, he took the students on a virtual tour of the work he and his team had performed and the pinnacles they had achieved over time. He won over the enthusiastic students with the mind-boggling inferences and patterns that can come out of the data. “Nothing is random”, as Mr. Jaidev would like to state, is quite true in a practical sense. In order to drive his point home, he had a few students come up to the podium and arrange themselves randomly. Well, randomness was just an illusion, as the students were smitten when he explained that even that randomness had a pattern, which manifested itself on close observation.
The next part of his talk emphasised on knowing how to think, in terms of System 1 and System 2 thinking. Establishing references to the seminal work, “Thinking, Fast and Slow” by Daniel Kahneman, Mr. Jaidev explained the concept of “Availability Heuristic” through real life examples from his own personal and professional life. He further explained the significant hindrance that biases can have on the pattern recognition in data. Again, to illustrate his point, Mr. Jaidev engaged the students in identifying patterns in certain charts and data visualizations. His hypothesis was immediately confirmed and he concluded saying, “As soon as you see data, you try and find patterns in it. But these patterns are biased and you miss out on the bigger picture.”
Mr. Jaidev delivered a truly eye-opening and awe-inspiring perspective to analytics. The session went beyond just a classroom session and compelled the students to consider the infinite possibilities which they had not fathomed so far. Great Lakes Institute of Management, Gurgaon expresses its heartfelt gratitude to Mr. Jaidev for taking his time out and enlightening the curious Great Lakers with lessons that will last for a lifetime.
Indrajeet Vadgama, PGDM ’20, Great Lakes Institute of Management, Gurgaon