Business Analytics

What is Business Analytics

Business Analytics is a systematic and methodical presentation of data of any organization which is driven out of statistical and numerical analysis. Business analytics is a method which is used by the majority of companies today in order to make decision making effective and efficient. Thus, Business analytics course is a course which helps the students to learn the need and use of business analytics.

Taught as one of the most selected specialization courses in Master of Business Management (MBA), Business Analytics serves as a systematic process which is a combination of data analytics and Business Intelligence on the basis of which companies rely on their process of management, I.e. Planning for future goals, controlling the combination of capital and manpower, organizing the process in an efficient way possible, coping up with future-oriented goals and making analysis on the basis of Business Analytics.

In simpler term, Business Analytics is a continuous process which involves collection, processing and analyzing the business data and operations, and with the help of statistical models and ideologies, transforming the outcome into business insights. The insights lead to improve the efficiency of the organization to achieve its objectives and early adaption of prone to complications. So, Business Analytics is a systematic presentation of data through which the company achieve their goals and get first-mover advantage in the industry.

Master of Business Management (MBA) in Business Analytics prepares students In developing their skills in making business strategies and formulating plans of how to conduct a systematic analysis of organization data and evaluating the best possible outcome that will lead to achieving organizational objectives. Business Analytics is a subset of Business intelligence and specifically focuses on implementing the identified goals into actions. Business intelligence is generally descriptive in nature which provides tools and methods to identify, categorize and analyze raw data and compares with past and current operations.

Business Analytics Highlights

Business Analytics Course is a Full time/Part-time/executive MBA programme which is conducted by various top universities in India and worldwide. Apart from these Programmes, there are many online as well as offline diploma/certification courses available in Business Analytics for the professionals and also for job seekers who want to cope up with the current business scenario by enhancing their analytical skills as a business professional. Those candidates who are willing to have strong analytical skills and who are interested in the systematic representation of Business Analysis can make this possible at MBA/PGDM level. In India, most of the Business Analytics course is offered to be 2-year full-time courses, which broadly includes:

• Understanding the need and role of Business Analytics for an organization

• Conducting the development and training skills and organizing on the basis of Descriptive Analytics, Diagnostic Analytics, Predictive Analytics and Prescriptive Analytics.

• Introducing candidates with the tools and measures used while conducting Business analytics to cope up with emerging business environments.

• Training simulation in various industries to make candidates aware of industrial complex obstacles and learning to overcome those obstacles.

Eligibility Criteria

Candidates who aspire to enrol for Business Analytics course are required to complete the eligibility criteria to pursue the aforesaid:

• Business Analytics course is a course which is offered at MBA/PGDM level, so, the minimum education qualification is Graduation from a recognized university or equivalent.

• Any candidate who has completed their graduation can apply for the Business Analytics course. However, students who have completed their graduation from Commerce or Science stream would find Business Analytics more relatable since they have thoroughly studied Mathematics and statistics for better analysis.

• The minimum percentage required to enrol for Business Analytics Course would be a minimum aggregate of 50% marks as per the guidelines of AICTE.

• Those candidates who wish to pursue a Business Analytics course are required to appear and clear and of the common management entrance exam such as:

  • Common Admission Test (CAT)

  • Graduate Management Admission Test (GMAT)

  • Xavier Aptitude Test (XAT)

  • Symbiosis National Aptitude Test (SNAP)

  • Common Management Admission Test (CMAT)

  • NMIMS Management Aptitude Test (NMAT)

  • Management Aptitude Test (MAT)

  • ICFAI Business Studies Aptitude Test (IBSAT)