Chicago-based Mu Sigma, the fastest-growing analytics services company in India, on Wednesday announced that it will invest $5 million in Bangalore for expansion programmes over the next 18 months.

"The company will double its headcount and create a state-of-the-art facility that can accommodate 250 people," said Mr Dhiraj Rajaram, chief executive director and founder, Mu Sigma.

The company informed that over the next three years, Mu Sigma would build a 500-person organisation that will serve about 15 clients. Each of these clients will have a unit of about 30 analysts, who will form an offshore analytics centre of expertise.

According to Mr Rajaram, "The company is able to hire and retain some of the best talent from the IITs, ISI and the IIMs. Amongst all the other benefits, the prime impetus is being our employees they can own 40 per cent of the company’s pre-money equity."

Mu Sigma uses a global delivery model to provide high-quality analytical decision support services to clients across multiple verticals.

"Clients partner with us not just to leverage the Indian cost-arbitrage, but more so to take advantage of the ample availability of our quantitative talent. They are now able to deploy analytics at a critical mass that allow them to institutionalise data-driven decision making within their organisations" added Mr Rajaram.

The company also reveals the decision to create the Mu Sigma University, to harvest and nurture potential talent in the analytics space.

You walk into the office on Monday morning to a round of hearty handshakes and congratulations on your promotion. It’s the kind of opportunity you’ve been working toward your entire career: a chance to help move your company into new markets and launch new products. It’s a position of true influence and leadership. And, if you’re successful, even bigger things could be on the horizon.

Everything is great, right? Well, it could be — but only if you make it so. In many organizations, receiving a promotion is only the first step in leaving one job and entering another. Indeed, some of us never quite manage to leave behind many of the responsibilities we had in our "old job."

Some organizations, particularly smaller companies that are in fast-growth mode, aren’t always very good at this part of the promotion. Bosses who focus intently on helping the company meet aggressive growth targets would rather not worry about who is going to take care of the important tasks you were responsible for before your promotion — it would just be so easy that it continue to be you!

But that won’t work. If you don’t free yourself from your old job, you’ll never be able to perform at the top of your game in your new one. Thus, make the No. 1 priority in your new position a successful transfer of your old responsibilities to the people best suited to handle them.