Jakarta. Tibco, an American data analytics software company, signed a memorandum of understanding with the Bandung Institute of Technology, or ITB, to expand data analytics capabilities and knowledge as Indonesia pushes to improve the quality of its higher education institutes.
As part of the MoU, the Palo Alto-based Tibco will provide technological skills to students enrolled at ITB's School of Business and Management through workshops, internships, guest lecturers, seminars, networking sessions and other practice-based training.
Under the MoU, Tibco will train SBM-ITB students through its data analytics software, which enables users to understand and predict consumer behavior.
"Our collaboration with ITB will provide students the opportunity to apply data analytics and visualization tools in a practical manner. This will also strengthen their ability to explore new business models and deepen their understanding of the data analytics field, as well as the business world," Erich Gerber, a company official, said in a statement on Tuesday (21/02).
Gerber said that digital businesses will be preferable to customers when they are able to identify changes in consumer behavior or make personalized offers at the right moment.
"Digital technology is playing a major role in the country’s economic development, but the growth is currently hindered by a wide gap of data and technology skills. Close collaboration between universities and companies in the industry is essential in imparting expertise," SBM-ITB dean Sudarso Kaderi Wiryono said.
Tibco has a wide range of clients, from television stations and railway companies to airlines, including Air France KLM.
Tibco opened its representative office in Indonesia in 2012.