Data analytics empowers organizations to leverage the vast amounts of data available to them, extract meaningful insights, and make informed decisions. It offers numerous benefits across various aspects of business operations, helping organizations drive success and achieve their goals in a data-centric world.
The need to incorporate these data driven programs into management across all specializations in imperative and the students who are going to embrace this will have a huge advantage over others.
Valia School of Management offers AICTE APPROVED 2 Year Regular PGDM in Business / Data Analytics. The fees for the entire 2 year program is INR 5 lakhs.
Please contact Sneha Ghone +91 97669 47295 or Bhushan Tambe +91 98927 73428
Today, the world is ruled by data. In your PGDM specialization you should apply for Business Analytics, to the upcoming movie you can watch on Netflix; everything little thing is derived from data. And, yes, the masterminds behind decoding tons of data are individuals proficient in business analytics. These
experts analyze and dissect the raw data to identify patterns and trends and draw insightful conclusions.
In the past few years, the Global Data Analytics Market has witnessed continuous growth and is forecasted to continue this same path. In fact, The Global State of Enterprise Analytics, 2020 states that, close to 65 percent of global enterprises are planning to increase their expenditure on business
analytics. And, 94 percent reported that “data and analytics” are critical to business growth. These statistics have opened doors to promising career prospects for business analysts.
Here are 7 reasons why you should consider pursuing a career in business analytics.
- Make a Difference – With the amount of data now available, businesses are relying on it more than ever to build their growth strategies. The insights from this raw data can help make a significant impact on the company and its future growth.
- Pursue a High-Paying Career Path – Considering that skilled business analysts are in high demand, your earning potential can be quite substantial. According to Glassdoor.com, the average salary for a Business Analyst ₹7,00,000 in India and can be even more if you have the proper education combined with the required skill set.
- Learn and grow on your job – Many jobs these days have a fixed set of responsibilities. You need to walk in at 9 am, complete your tasks and leave in the evening. This kind of routine becomes mundane after a point. Fortunately, you wouldn’t face this situation when it comes to you working as a Business Analyst.
- Work across functional domains – By now, it is pretty evident that business and data analysts are not confined to one specific industry, but their contribution spans the entire industry verticals. Once you have the skills and expertise, you can choose to work in any domain you like. This includes finance, manufacturing, information technology, communications, logistics, retail, automobile, and others.
- Don’t worry about job security – It is not easy to outsource the roles and responsibilities of a business analyst. Businesses always need someone on site who knows how each sector of the company operates. And, since you will be this expert for businesses, you won’t have to worry about becoming redundant or being replaced.
- Know the Ins and Outs of Your Company – Primarily, your work will revolve around interpreting data and drawing meaningful insights. However, it
won’t be limited to this, and you’ll get a chance to learn much more than that. You will work with different departments in the company and understand how each puzzle piece fits together. Whether it is how the marketing team makes strategies to retain clients or how the HR department attracts new talent, as a business analyst, you will learn the ins and outs of running a
business. Equipped with this knowledge of all departments can help you even run your company someday!
- Always Be in Demand – Looking at the statistics mentioned earlier, the demand for business analytics is nowhere close to dwindling. If anything, it is only going to magnify. Thanks to this, your skills will always be needed in every industry. By pursuing business analytics, you will stand the chance of being one of the most sought-after professionals in tech.
Looking at the statistics mentioned earlier, the demand for business analytics is nowhere close to dwindling. If anything, it is only going to magnify. Thanks to this, your skills will always be needed in every industry. By pursuing business analytics, you will stand the chance of being one of the most sought-after professionals in tech.
- Marketing Analytics: Segmentation Analytics, Marketing Mix, Distribution Channel Analytics, Campaign Analytics, Sales Pipeline Reporting, Price Setting Analytics, New Product Launch Analytics
- Risk Analytics: Loss Forecasting Analytics, Portfolio Stress Management, Risk Profiling Analytics, Recovery Management
- Customer Analytics: Customer Lifetime value Analytics, Churn Analytics, Customer Segmentation, Loyalty Analytics
- Supply Chain Analytics: Supply and Demand Analytics, Inventory Analytics, Quality Control Analytics
- Human Resource Analytics: Talent Analytics, Workforce Analytics, Training Analytics, Retention Analytics, Recruitment Analytics
- Web Analytics: Social Media Analytics, Sentiment Analytics, Online Traffic Analytics, Click Analytics, Customer Lifecycle Analytics
Business analysts can be termed as the most desirable job that is currently available in market today. The packages are also attractive. The analyst role the salary is raging from 6 lakh – 10 lakhs for starters. The ability to hone your skills in technology tools and efficiency of knowledge is the cutting-edge factor. The business domains have no restrictions.
- Oracle Corporation
- IBM Corporation
- SAP SE
- Microsoft Corporation
- SAS Institute Inc.
The Business Analytics Market was valued at USD 67.92 billion in 2020 and is expected to reach USD 103.65 billion by 2026 and work at a CAGR of 7.3% over the forecast period (2021-2026). Strategic decisions in many organizations were traditionally powered by business analytics that relied on big, centralized-managed data servers or data warehouses. However, things have been changing recently, and business analysts are pulling data from dozens of heterogeneous data sources.
- INTRODUCTION TO DATA ANALYTICS AND R
- ADVANCED ANALYTICS USING R
- INTRODUCTION TO BIG DATA
- ADVANCED ANALYTICS USING R (PREDICTIVE MODELING)
- BASE SAS PROGRAMMING