National Institute of Business Management (NIBM), the leader in business education signed a Memorandum of Understanding with Dialog Axiata PLC, to partner in developing a Business Analytics Centre (BAC), which would cater to the effective and efficient functioning of numerous processes in the public and the private sectors of the country through the use and analyses of big data. Data Science is a more forward-looking approach, an exploratory way with the focus on analyzing the past or current data and predicting the future outcomes with the aim of making informed decisions. It answers the open-ended questions as to “what” and “how” events occur. It is a blend of various tools, algorithms, and machine learning principles with the goal to discover hidden patterns from the raw data. NIBM has planned to introduce part-time and full-time Diplomas, Degrees and Master programmes in the field of data science and the Advanced Diploma in Data Science programme was inaguarated sucessfully on 26th May 2019 with the participation of professionals from different industries in Sri Lanka. This programme is conducted by Business Analytic Centre (BAC) of National Innovation Centre (NIC) of NIBM. Participants are provided with modern facilities at BAC and they are connected online with LMS of NIBM ( NIBM worldwide). Main purpose of setting up of BAC is to produce Data Scientists who will challenge the world of business and to innovate better solutions for complex issues in the industry.