Mu Sigma is an Indian decision sciences firm that primarily offers data analytics services.
Dhiraj C. Rajaram was working for Booz Allen Hamilton when he realized that clients just didn’t have the right people to go to, who would be skilled in applied mathematics, data science, and computing together. He wanted to fill in this gap. With these beliefs in mind, Dhiraj Rajaram started off with Mu Sigma in 2004. The name of the company derives from the Greek letters ‘μ’ and ‘σ’ which are used for the abbreviation of the mean and standard deviation in statistics. Dhitaj founded the company in 2004 when he was 30 years old. It started off small with an office in Bangalore in a market that was robust. Other consultancy firms like IBM, Cognizant, and Accenture were already in the market, but Rajaram was set to do something different. To start up the gears for Mu Sigma, Dhiraj Rajaram invested 80% of his personal savings.
He didn’t want to isolate programming from numbers and analytics. He felt that both, i.e., a reliable programming backbone which was made to cater to a specific business and their outlook at analytics would make for a better company. And thus at Mu Sigma, he rolled all of these into one and called it decision sciences.While other companies would have business analysis and programming done by different people, Mu Sigma applied a totally different approach of recruiting all-rounded individuals called decision scientists (skilled in programming, professional analysis, and applied mathematics). This innovation was the critical ingredient that gave to Mu-Sigma and its founder the competitive advantage that made him successful.
