Business Analytics Scope

Structured Learning Assistance - SLA is known for its excellence in education sector who provides Business Analytics Course fortified with a well established infrastructure with advanced lab facility, senior industry expert and modern training system It is built with all convenient facilities and positive study ambiance for the students. Fulfill the main task of placement, SLA aids in 100% Job Placement after completion of 70% course. Business analytics is the practice of using data, statistical analysis, and predictive modeling techniques to gain insights and make data-driven decisions in business. The scope of business analytics is vast and growing rapidly, as businesses increasingly rely on data-driven decision-making to remain competitive in today's digital world. Here are some of the areas where business analytics is being used:
Marketing Analytics: Marketing teams use business analytics to gain insights into customer behavior, preferences, and purchasing patterns. They use this information to develop targeted marketing campaigns that are more likely to convert leads into customers. Financial Analytics: Financial institutions use business analytics to manage risk, identify fraud, and make investment decisions. They analyze data from financial statements, credit reports, and other sources to gain insights into market trends and opportunities. Operations Analytics: Operations teams use business analytics to optimize supply chains, improve manufacturing processes, and increase efficiency. They use data to identify bottlenecks and inefficiencies in processes and make improvements to reduce costs and improve quality. Human Resources Analytics: Human resources departments use business analytics to improve employee retention, identify training needs, and optimize recruitment processes. Healthcare Analytics: Healthcare providers use business analytics to improve patient outcomes, reduce costs, and manage resources more effectively. Yes, pursuing a business analytics Diploma after completing a B.Com (Bachelor of Commerce) degree can be a good choice, as it can provide you with specialised knowledge and skills in the field of business analytics. A B.Com degree provides a solid foundation in accounting, finance, and economics, which can be complemented with a Diploma in business analytics to gain expertise in data analysis and business intelligence.

Hi,
There was a time when businesses looking for analytic professionals would primarily focus on candidates with a Master's degree in quantitative fields such as Maths, Statistics, Economics and Computer Science. PhDs were in great demand too. A couple of things have happened in the last few years. Firstly, the analytic tools have become more user friendly. A lot of the latest tools are GUI based. Instead of learning a coding language one now needs to just master the graphical user interface of the tool, which is a lot easier. Secondly, experience has taught businesses that effective analytics exists only in the context of a business and a business problem. Those who have strong technical and quantitative skills but a poor understanding of the application of analytics in a business context, are likely be weak performers. Even experienced statisticians sometimes get caught up in the technique and accuracy of their predictive models and forget to pay sufficient attention to common sense and business logic. So a combination of more user friendly analytic tools and a need for higher business understanding to leverage the analytic insights better, has forced businesses to reverse their hiring philosophy. Instead of trying to find business-savvy mathematicians and statisticians, companies are now looking to hire data-savvy, business professionals. Companies like Genpact, WNS, Infosys, Accenture, Target etc. Are all hiring from business schools. B schools like the Iims, FMS, SP Jain and XIM have always been happy hunting grounds for analytic companies. Now even other institutes like MDI, SIOM, GIM, NIT and IMT are being targeted by these companies. With starting salaries ranging from 5 lacs to 12 lacs even for non IIM MBAs, analytics has become a coveted field in business schools around the country. Good luck.

International Institute of Digital Technologies (IIDT), Tirupati, has been ranked the fourth in India in the field of Business Analytics. Analytics India magazine placed IIDT on the fourth pedestal, which was preceded by Indian Institute of Technology IIT Kharagpur, Indian Statistical Institute (ISI), Kolkata, and Praxis Business School, Kolkata. The postgraduate programme in Business Analytics is offered in four terms spread over eleven months. The institute has secured campus placements for more than half of its students of Cyber Security and Business Analytics and is focusing on achieving 100% within a fortnight. Twenty companies have evinced interest for placement drive to pick up our remaining twenty students, said J.A. Chowdary, IIDT Chairman and the Special Chief Secretary/ IT advisory to the government of Andhra Pradesh. IITs global mentorship programme that enabled the titans of the IT industry guide the students helped turn the tide in its favor.