Why Choose Business Analytics
Business Analytics Study
Business Analytics is a set of automated data analysis practices, tools, and services that helps you understand both what is happening in your business and what to improve in your decision-making and helps you strategically plan for the future.
The term “business analytics” is often used in association with Business Intelligence (BI) and Big Data Analytics (BDA)
Business Analytics (BA) refers to the skills, technologies, and practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning.
Business Analytics focuses on:
1. Developing new insights.
2. Understanding of business performance based on data and statistical methods.
In contrast,
Business Intelligence focuses on:
1. Using a consistent set of metrics to measure past performance.
2. Generate insights and guide in business planning.
The Roles and Responsibilities Of A Business Analyst
- Design, thinking, insights, workshop with customers (internals & externals) to understand the problem, define the problem and ideate the solution approaches
- Come up with success criteria and related success metrics including leading and lagging KPIs.
- Create and manage backlogs/user stories including prioritization
- Manage analytics products & solutions releases
- Track and report the success metrics / KPIs
- Forecasting and optimization advisory
Why Choose To Study Business Analytics
It Helps you Measure your Progress:
Every business has a mission statement, which shows their values to their customers either as a basis of checking in their development or their marketing plan. Mission statements allow companies to retain and even promote employees as they offer an idea of the business’s values as guidelines. Your business’s values must be quantified and conveyed in such a manner that they generate more profits for your organization.
It Supports Data-Driven Decision-Making:
When your business has access to crucial data, it allows you to make accurate decisions that give better results. Business analytics provides your organization with meaningful and relevant data, fostering smart, data-driven decisions. Moreover, business analytics makes it easier for you to share your insights and discuss the pathway ahead with your employees and stakeholders. Thus, it promotes collaboration between everyone involved in your business, helping you materialize your goals faster and more efficiently.
Allows Predictive Modelling:
It allows you to determine your net profits based on customer relationships in the future, widely known as customer lifetime value. Moreover, you’ll also be able to determine business operations. Such as making amendments to production by analyzing data. This is because it tells you what your customers are looking for and hence, allows you to target them the right way. Predictive modeling is more of a skill you get to acquire with your business analytics degree. Nevertheless, it holds endless benefits and opportunities for you.
If you want to pursue a career in business analytics, you should take our Certificate Program in Business Analytics. We offer this course and it is one of the most prestigious technical institutes in the world. You will learn the foundational and advanced business analytics concepts during this course, including multiple technologies such as Python, SQL, and lots more.
Informed Business Decision Making
Business Growth
Career Advancement
Increased Earning Potential
Things You Will Learn
Some of the topics you will learn in the course of study include:
- Business Analytics - Introduction
- Business Analytics - Model
- Business Analytics - Strategic Level
- Business Analytics - Functional Level
- Business Analytics - Analytical Level
- Business Analytics - Optimization
- Business Analytics - Forecasting
- And lots more..
