Business is defined as the exchange of goods and services for a value. The systematic computational analysis of data or statistics is the accepted industry definition for the term analytics. The concept of business has been there since the primordial civilization. With the industrial revolution in the late 18th century began the transition toward the modern avatar of business. Since the 1960’s with the introduction of globalization, privatization and anti-monopoly laws, the competition in business has become extremely stiff and becoming tougher every year. Hence, the 21st century business organization cannot survive without the concept of business analytics. In order to survive the fierce competition organizations need to understand their customers as well as their competitors and create business policies and make decisions that can support their growth.
Business analytics is used by the organizations to take insightful decisions, which is used to optimize business proceedings. The present era is data driven, and to get that competitive edge, skilled analytics professionals who understand both technology and business, are sought after by companies. The job role of a business analyst carries a great deal of responsibility and involves a lot of deep thinking and foresight. You may not need to be an IT or Computer science graduate to become a business analyst but what you need is a firm idea about what can be achieved with various analytical technologies, and the ability to reflect upon statistical details and find ways for the business to move forward. A business analytics course can be your best friend if you are willing to take up the profession of a business analyst.
Various part time and full time business analytics courses are available both online and off line. You can choose one according to your convenience. Look for certain facilities in the course if you find them go for it.
Most good business analytics courses come with real life case studies and industry exposure. Your main goal as a student of the subject should not only be to learn a certain technology but to gain the problem solving skills and the observation power that characterizes a good business analyst. Make sure that the course you enroll for is conducted by people with first hand industry experience. The teachers can make a great difference for you. A number of Universities conduct business analytics courses. Then there are private academies like Analytixlabs that offer industry specific, well targeted training for both fresh candidates and working professionals.
In India, business analytics professionals earn anywhere between 5-12 lakh per annum depending on the skill set and amount of experience. Jobs are spread across a large array of industries that include retail, banking, hospitality, sports, media, and more. The field is wrought with opportunities, go ahead and grab them.