May 19th, 2021
What is Business Analytics - Importance, Facts, And Benefits
What is Business Analytics?
Business Analytics may be a new word in your dictionary! But you might know about it if you are planning to do an MBA in Business Analytics, Right? First of all, let us know what is Business Analytics? - It is the practice, via which a business uses data analysis to drive the business strategy and its performance in the corporate sector. The power of business analytics is the exponential data growth related to the current dynamics of business. This digital technology-driven modulation is most disturbing and disruptive. However, it has already impacted different businesses and industries. Some businesses are at a hurdle, as they have to radically change the way they were planning their supply chains to get in collaboration with their suppliers and they have to plan how they can reach their customers if they have to stay in a present business environment. Today, business decision-makers are working with business analytics and investing their time, money, efforts to come out with timely, insightful, and better business decisions.How and where to get a Business Analytics specialization?
For doing specialization in Business Analytics, one must require pre-requisite skills. You should be comfortable with statistics and mathematics. Beyond that, you must have a love for numbers, plus must possess good analytical learning, and must have a hard-working mindset. There are varied short-term courses available for Business Analytics. Few institutes provide MBA specialization in Business Analytics streams. A list that presently coming to our mind is IIMA, IIMB, NMIMS, KIIT, Great Lakes and Taxila, and more.Business Analytics in MBA Curriculum
By taking business Analytics as a specialization, you will get hands-on experience and will get the latest updates on business analytics tools, real-life projects and case studies, and real-world projects and data. Business analytics is a professional course, which is taught by experienced professionals with field experience. The professors are great at delivering real-world insights and professional advice. The Business Analytics for an MBA/PGDM is of two years. For those aspirants who are looking forward to building a career in the business analytics field, this is the right time to build your career.The subjects are as follows:
- Accounting Analytics
- Marketing Analytics
- Financial Analytics
- Business Statistics
- Principles of Management Science
- Applied Regression
- Data Mining
- Business Analytics Strategy
- Forecasting and Modelling
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