Mathematics of Business

We have all kinds of businesses running in today's environment. Some of them are chemical, scientific, technology, manufacturing apart from service industry.

Do we have any business related to mathematics? Google is one example, but how many businesses really trap the power of mathematics.

From the school days, mathematics is being thought as theoretical without any application point of view. In India, mostly children are being groomed to become a scientist, doctor (medicine) or engineer (all kinds). Have anybody asked their children to have an ambition of becoming a doctorate in mathematics? Mostly mathematics is considered as a last option!

I can say mathematics is a queen of all subjects. It is very elegant and you can solve a problem like writing a poem. How many of us enjoyed Fermat's theorem and Probability?

In IT terms, mathematics is always like "horizontal" business unit supporting "verticals" like chemical, retail, engineering business units.

Can't we make this horizontal business unit as vertical? We can! To start with, parents need to encourage their children to take up mathematics related subjects. Also, curriculum must include more application side of mathematics.

More and more research publications should be published related to mathematical applications and all of them must include a business idea related to the research! As part of college internship, mathematics students must be asked to execute a business idea from those research publications. Funding should be encouraged for those projects.

This article may look like another mathematical theorem! Apart from that, I hope it also contains the application side of the theorem!