BUSINESS ANALYTICS

Career in Business Data Analytics

Do you like working with data and numbers? Do you like businesses? Do you want to solve business problems by doing data analysis? If yes, you should explore the career path of business analytics.

Business Analytics is a combination of data analytics and business intelligence. It is a process that enables the business analyst to make data-driven decisions to improve business performance. Business analytics helps a company make better decisions by a clear understanding of reality.

Organizations use business data analytics to

Reduce costs,
Getting into a new market,
Tapping a different demographic,
Gauging the effectiveness of a marketing campaign,
Launching a new product or service etc

Example: Based on historical data of hotel bookings, the company wants to predict how many hotel bookings they can make in the next month?

“Companies that use analytics are five times more likely to make faster decisions.” (BetterBuys.com)

What are the roles and responsibilities for Business Data Analyst?

Business analytics helps organizations harness and use data to plan business strategies, improve operational efficiency, identify new opportunities and generate higher profits.
Identify and analyze industry or geographic trends with business strategy implications.
Analyze technology trends to identify markets for future product development or to improve sales of existing products.
Adapt statistical methods to solve business problems.
Develop software applications or programming to use for statistical modelling and visual analysis.
Develop and test experimental designs, sampling techniques, and analytical methods.
Prepare data for processing by organizing information, checking for inaccuracies, and adjusting and weighting the raw data.
Business analysts process large amounts of data for statistical modelling and visual analysis, using computers.
Evaluate the statistical methods and procedures used to obtain data to ensure validity, applicability, efficiency, and accuracy.

How to Become a Business Data Analyst in India?

There are 3 ways to become a Business Data Analyst in India

What are the key skills required for Business Data Analytics?

Analytic problem solving
Understanding of statistical methods
Data Analysis
Problem Solving
R
SAS
Tableau Software
SQL
Excel
SQL

What are the career opportunities in Business Data Analytics?

Budget Analyst
Business Analyst
Data Analyst
Data Scientist
Data analyst
Management Analyst
Marketing Research Executive
Marketing analyst
Operations Research Analysts
Project Manager
Sustainability Specialist

What is the salary and demand for Business Data Analyst?

Demand is High for Business Data Analytics.
Salary levels are High for Business Data Analytics. For fresher average salary is more than 5 Lacs.
Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
Level of preparation for Business Data Analytics is Medium. Students spend 1 Year. to prepare for entrance test of Business Data Analytics

What are the best colleges for Business Data Analytics in India?

For Graduation

Nirma University – [NU], Ahmedabad
Symbiosis International University – [SIU], Pune
Jamia Millia Islamia University-[JMI], New Delhi
Jamia Hamdard University, New Delhi
Guru Gobind Singh Indraprastha University – [GGSIPU], New Delhi
Symbiosis Centre for Management Studies – [SCMS], Pune
Shree Guru Gobind Singh Tricentenary University – [SGT], Gurgaon
ICFAI Foundation for Higher Education – [IFHE], Hyderabad
SP Jain School of Global Management -[SPJSGM], Mumbai
Banasthali Vidyapith, Jaipur

For Post Graduation

Indian Institute of Management – [IIMB], Bangalore
Indian Institute of Management – [IIMC], Kolkata
Indian Institute of Management – [IIM], Lucknow
Xavier Labour Relations Institute – [XLRI], Jamshedpur
University of Delhi, Faculty of Management Studies – [FMS], New Delhi
Indian Institute of Management – [IIMK], Kozhikode
Management Development Institute – [MDI], Gurgaon
Indian Institute of Foreign Trade – [IIFT], New Delhi
SP Jain Institute of Management and Research – [SPJIMR], Mumbai
Institute of Management Technology – [IMT], Ghaziabad

What are the best entrance exam for Business Data Analytics in India?