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{{advert|date=March 2016}}
{{moresources|date=June 2021}}
{{Use dmy dates|date=September 2018}}
{{Use Indian English|date=September 2018}}
{{Infobox university
| name = Institute of Mathematics and Applications
| image = Institute of Mathematics and Applications, Bhubaneswar Logo.png
| motto = <small>{{native phrase|sa|यथा शिखा मयूराणां, नागानां मणयो यथा ।
तथा वेदांगशास्ताणां गणितं मूर्धनि स्थितम‌् ।।|italics=off}}</small>
| mottoeng = Like the crest of the peacock, like the gem on the head of a snake, so is Math at the head of all knowledge.
| established = 1999; 21 years ago
| type = Research and Education Institute
| affiliation = [[Utkal University]]
| director = Prof. Jasobanta Jena
| city = [[Bhubaneswar]]
| state = [[Odisha]]
| country = [[India]]
| coordinates = {{coord|20.3175|N|85.7780|E|format=dms|type:edu_region:IN-OR|display=inline, title}}
| campus = [[Urban area|Urban]] <br />{{convert|23|acre|m2|adj=on}}
| website = {{url|http://www.iomaorissa.ac.in/}}
}}
{{location map|India Odisha|float=right|width=240
|label=Bhubaneswar
|position=bottom|lat=20.27|long=85.84
|caption=Location of IMA
}}
The '''Institute of Mathematics and Applications''' ('''IMA'''), located in [[Bhubaneswar]], [[Odisha]], in [[India]], is an academic institution that was established by the [[Government of Odisha]] in 1999.<ref>{{Cite web|title=https://twitter.com/imabbsr|url=https://twitter.com/imabbsr|access-date=2021-05-30|website=Twitter|language=en}}</ref> Its dual purposes are to conduct advanced research in pure and applied mathematics, and to provide postgraduate education leading to Masters and PhD degrees in mathematics, computation, computational finance and data science. The institute also runs training programs in schools aimed at increasing mathematics awareness and leading to competitions such as the Mathematics Olympiads. It is affiliated to [[Utkal University]] which is one of the largest affiliating universities.

==History==
The Institute was established by the [[Government of Odisha]] in the year 1999, vide the Resolution of the Government of Odisha, Science and Technology Department letter no. 368-ST-I (SC) – 159/98 dated 31 May 1999 with wide ranging aims and objectives as notified in the Gazette No. 18, 23 July 1999 / SRAVANA, 1, 1921. The Institute has been registered on 28 March 2000 under provision of Registration of Societies Act 1860 with Registration No. 20851 /187 of 1999-2000. The Institute began functioning in 1999 inside a room of the [[Pathani Samanta Planetarium]] in [[Bhubaneswar]]. In July 2008, IMA acquired its own residential campus, built by [[Tata Steel]] in [[Bhubaneswar]] city, when it was established as a full-fledged, degree granting academic institution.

==Campus==
The main Institute is a {{convert|7000|m2|sqft}} complex, which was designed by architect Karan Grover, with an investment of Rs. 140 million. The {{convert|23|acre|m2|adj=on}} campus also includes computer laboratories, classrooms, a library, as well as residential accommodations. A play ground and a volleyball court are also included.
==Activities==
The current focus areas of research within the Institute include [[Wavelet|Wavelet analysis]], [[Stochastic process|Stochastic processes]], [[Functional analysis]], [[Algebraic topology]], [[Differential geometry]], [[Group representation|Group representations]], [[Operator theory]], [[Fuzzy logic (disambiguation)|Fuzzy logic]], Geometric applications in [[Physics]], [[Approximation theory]], [[Lie algebra]], [[Astronomy]], [[Thermodynamics]] and [[Statistical physics|Statistical Physics]], [[Quantum mechanics]] and [[Cyclone modelling]], [[Machine learning|Machine Learning]] in Finance, [[Computational finance|Computational Finance]], etc.

The Institute offers a [[Bachelor of Science|B.Sc.]] Honors degree in Mathematics and Computing as well as [[Master of Science|M.Sc.]] degrees in Computational Finance and Mathematics with Data Science. It currently admits 30 students each year based on a national entrance examination.

It also provides training to school students for mathematical competitions.

The institute professes to investigate the mathematical tradition of ancient India. It also provides awards to eminent mathematicians in the state of Odisha.

===B.Sc. Honours in Mathematics and Computing===

The Institute offers a Bachelor of Science (Honours) Degree in Mathematics and Computing. The course includes the study of pure mathematics as well as mathematical modeling and the use of abstract methods to solve concrete problems. [[Computer science|Computer Science]] is major and compulsory for every student and it includes the study of [[Algorithm|Algorithms design]], Analysis, [[Cellular automaton|Cellular Automata]] and other branches in [[Theoretical computer science|Theoretical Computer Science]]. Rigorous training and lot of exposure in pure mathematics is given to the students. In the final semester, each student must submit a dissertation.

=== M.A./M.Sc. in Computational Finance ===

Finance as a subject has emerged to be an extremely involved branch of knowledge with growing number of stock exchanges and investors in the field. Risk and return that constitute cardinal aspects of the subject, remain as a major concern for every investor, individual as well as institutional. Volumes of data encountered in the process make investment decisions difficult. In apparently erratic behaviors of the market, however the mathematicians try to capture patterns vis- a-vis predictability, which may help investors decide on their investment. Computational finance otherwise called financial engineering deals with portfolio selection, options and futures, asset pricing, managing derivative markets and hedging under uncertainty. The course imparts, besides, basic grounding on finance, expertise for modeling under uncertainty, a high level of computational skill geared towards finance, knowledge of financial accounting and regulations. The aim is to produce a competent financial engineer capable of analyzing existing financial products and suggest new innovative products for the financial market.

=== M.A./M.Sc. in Mathematics with Data Science ===

From 2018, the Institute started a master's degree course in Data Science, one of the emerging fields of the current day. It is a programme of 2 years, after which the candidates are granted a M.Sc. degree from the [[Utkal University]].

==Upcoming Events==

The Institute is organizing a National Seminar on "Scope of Mathematics in Data Science", and the "48th Annual Conference of Odisha Mathematical Society" on 10 and 11 April 2021, which is set to attract academicians and industry-folk from all over India.

==See also==
* [[Education in Odisha]]
* [[Indian Institute of Technology Bhubaneswar]]
* [[Institute of Mathematics (disambiguation)]]
* [[International Institute of Information Technology, Bhubaneswar]]
* [[National Institute of Science Education and Research, Bhubaneswar]]

==References==
{{reflist}}

==External links==
* http://www.iomaorissa.ac.in/
* https://sites.google.com/iomaorissa.ac.in/omsconference2021/home

{{authority control}}

[[Category:Technical universities and colleges in India]]
[[Category:Research institutes in Bhubaneswar]]
[[Category:Universities and colleges in Bhubaneswar]]
[[Category:Educational institutions established in 1999]]
[[Category:1999 establishments in Orissa]]
[[Category:Mathematical institutes]]

Institute of Mathematics and Applications, Bhubaneswar - Revision history

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