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Naukri Learning > Leadership & Management > Executive Program in Management & Leadership > Business Analytics

Business Analytics Courses, Certification & Training

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What is Business Analytics?


Business Analytics is a step-wise process of transforming data into insights using statistical methods to contribute to business decision making. It is a methodical study of an organization's data and is all about harnessing the power of analytics in business. It is a process that helps businesses to identify weaknesses in the existing processes and highlight meaningful data to meet the ever-growing business challenges.
Business analytics has now become a buzzword in the industries that make use of data for their decision-making processes. A number of companies committed to data-driven decision-making are extensively using business analytics and require professionals who have earned a business analyst course or business analyst certification or have hands on experience working with business analytics.
Business Analytics has a major role to play in business decision making with real-time analysis. Senior management these days thrive for data-driven decision making that has a larger impact on the product as well as its marketing. The market poses continual and strong demand for business analysts and Indian job market has a major role to play in revolutionizing the job market for Business Analytics. More than 1.2 million jobs are expected to be created across industries like IT & ITES, retail, banking, healthcare, ecommerce, hospitality, manufacturing, to name a few.

Some of the popular tools used in Business Analytics to create insights include –
# Data visualization
# Data mining
# Data management
# Business intelligence reporting software
# Self-service analytics platforms
# Statistical analysis tools
# Forecasting simulation and optimization
# Big data platforms


Types of Business Analytics


# Descriptive Analytics – Process of tracking key performance indicators (KPIs) to understand the present state of the business
# Predictive Analytics – Data analysis to assess the likelihood of future results | # Prescriptive Analytics – A methodology to use past performance for generating recommendations to handle similar situations in future
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Importance of Business Analytics Course


Business analytics can hugely improve the business processes in an organisation and provide insights that can help top executives make the right decisions.
According to a Naukri Survey, 67% of the recruiters mentioned that they prefer certified candidates and are also willing to pay higher.
Some of the other benefits that you can get from a certification in business analytics are:
# The higher your skill levels are, the better are the job opportunities
# With recognition comes better salary and compensation
# You will learn the fundamentals of business analytics and learn to apply the techniques in the industry
# You will also get the skills to find solutions to complex business problems with the help of advanced tools

Popular Business Analytics Courses


# Post Graduate Diploma in Business Analytics (PGDBA)
# PG Program In Business Analytics And Business Intelligence (PGP-BABI)
# PG Program in Data Science and Machine Learning (PGPDM)
# PG Certificate Program In Data Science & Machine Learning
# PG Diploma in Data Science
# Executive Program In Business Analytics (EPBA)
# PG Certificate in Business Analytics for Management Decisions (PGCBAMD)
# PGDM/MBA in Business Analytics
# Executive Program in Big Data & Machine Learning
# PG Executive Certificate Program (PGEP) in Data Science & Big Data
# Advanced Business Analytics Course
# Applied Data Science with Python Certification

How to Choose the Right Business Analytics Course?


# If the course provides a foundational understanding of machine learning
# Is the course certified?
# Are the algorithms explained well and are explanations provided, wherever required?

Popular Business Analytics Course Providers


# Simplilearn
# Eduonix
# Intellipaat
# Pearson
# Coursera
# Digital Vidya
# Great Lakes Institute of Management
# Jigsaw Academy
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Who should do Business Analytics Course?


The following candidates can start a career in business analytics with the required certification and skills:
• MBA graduates
• Junior Business Analysts
Software Engineers/Developers
• IT Analysts/Testers
• Research Analysts

Business Analyst Keyskills


# Knowledge of diagramming, data crunching, wireframing, computer programming, big data mining techniques, database management, and systems engineering
# Working knowledge of R for statistical analysis, and Python for general programming
# Knowledge of statistical software such as SPSS, SAS, Sage and Mathematica
# Excellent command over Microsoft Excel
# Curiosity and drive to continue learning
# Logical thinking
# Ability to assess risks and prioritize competing business demands
# Predictive analytics and statistics for making recommendations
# Critical thinking
# Ability to translate and visualize data concisely and accurately
# Detail-oriented
# Futuristic approach
# Structured thinking
# Proficient in MS Office Suite, viz. MS PowerPoint, MS Excel, MS Visio, and MS Word.
# Good data analysis and data modelling skills, including practical knowledge in SQL and related data manipulation languages
# Knowledge in data visualisation and business intelligence tools like
Tableau, QlikView, Power BI and SAP BI.

Why should you choose a Business Analyst Course


Taking up a business analyst course or business analyst certification will improve your employability and will also help you to learn new skills. Here are some of the reasons why should you take up any business analyst training -
# Applicability of business analytics across different industries
# Contribute to managerial decision making through predictive modeling and machine learning
# Excellent remunerations. Average salary of a business consultant is around Rs. 10 Lacs per annum, while highly experienced professionals are paid somewhere around Rs. 25 - 30 Lacs per annum
# Exposure to a mainstream role in project management
# With Internet of things (IoT) becoming the future of IT industry, demands for professionals to manage voluminous amount of structured or unstructured data will go up
# Make informed and smart business decisions
# Better freelancing opportunities
# According to a Naukri Survey, 67% of the recruiters mentioned that they prefer certified candidates and are also willing to pay higher
# Get an opportunity to work with the best companies in India, including Amazon, J. P. Morgan, IBM, TCS, WIPRO, Infosys, etc.
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Career Outcomes

  • How to become a Business Analyst?


    Who is a business analyst? Business analysts are someone with advanced analytics knowledge and a strong domain expertise. They are supposed to develop business cases and defining customer business functions and processes as per requirements and contribute in developing a comprehensive change in management strategy. You are also expected to interact with stakeholders and seek the required information, document the information and help a project to move forward. Besides, you should also be able to conduct user acceptance testing and offer plausible solutions to prevalent business problems. Here is how you can become a Business Analytics professional –

    No Prior Knowledge
    # Gain experience in a volunteer role with a small company or take up any summer internship
    # Go through BABOK reference book to understand business analysis tools and techniques
    # Develop strong communication, critical thinking and problem-solving skills
    # Improve your networking with other business analysts
    # Learn about documentation, data and problem analysis, visual modeling and elicitation
    # Join a Business Analysis training institute

    Basic Knowledge
    # Learn software methodologies like SDLC Model, Component Assembly Model, Prototype Model, JAD Model, RAD Model, Spiral Model, Scrum, etc.
    # Work on your analytical skills to ensure problem identification in business, software and information
    # Opt for a hands-on experience in any Business Analytics organization
    # Take up any professional BA course and acquire the advanced skills

    Intermediate Knowledge
    # Develop your technical skill sets, learn about Scripting Languages, Querying Languages, Spreadsheet, Statistical Language, Programming and Big Data Tools # Take up any graduate certification in business analytics and learn business data analytics, operations research, project management, database analytics, and predictive analytics
    # Learn Unified Modelling Languages, Global Business Analysis Phases, Software Testing, among others
    # Learn to writing compelling business cases and requirements documents

    Advanced Knowledge
    # Take up certifications like Certified Business Analysis Professional (CBAP), Certified Business Analysis Thought Leads (CBATL) or Certified Business Analysis Thought Leader (CBATL)
    # Learn to perform market research and competition analysis, and prepare reports
    # Develop project management and people management skills
    # Take up Advanced Business Analytics Specialization
    # Work on your decision making and problem solving skills
    # Improve your communication skills and core skills
    # Follow various Business Analytics blogs and communities

    Eligibility
    There are no fixed eligibility criteria to become a business analyst. However, it is preferable to have skills in MS Excel, data modelling and documentation. Preference is given to candidates with a Bachelor's/Master’s degree in Engineering, Business Administration, Business Analytics, Data Science, Applied Analytics, Marketing Analytics, Accounting or Information Systems. Business analyst requirements also include having a full-time work experience to take up the course.

    Who can become a Business Analyst?


    # MBA Graduates
    # Data Analysts
    # Software Developers/ Engineers
    # IT Analysts/Testers
    # Project Managers
    # Sales professionals
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  1. Post Graduate Certificate in Advanced Analytics.

    The Post Graduate certificate in Business Analytics is a meticulously designed course by the institute collaboratively with the technological partners SAS. The students will be trained to apply Machine Learning in business | SAS is the leader in analytics. Through innovative analytics, BI and data management software and services, SAS helps turn your data into better decisions.The focus of the course will be to give emphasise on areas like Advanced Excel and VBA, Hadoop Spark, Python, ML regression, SAS Enterprise Miner, Data Mining etc.

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  2. Diploma in Business Analytics using R programming

    Business Analytics refers to the skills and technologies that helps in analyzing past business performances in order to gain insights and formulate business plans for the future. A business analyst analyzes business performance on the basis of data and statistical methods. Therefore, statistical and quantitative analyses of data are the underlying concepts of Business Analysis. | R is the most pervasive statistical analysis package currently available. It includes all standard statistical tests and models as well as provides a comprehensive language for managing and manipulating data. | The R programming language has outstanding graphical capabilities, providing a fully programmable graphical language that is far superior to other statistical and graphical packages. Therefore, R programming makes the task of Business Analysis easier. | R wins Statistical Capability, Graphical capability, Cost, rich set of packages and is the most Powerful tool for Data Scientists. | The average salary of a Senior Data Scientist skilled in R is USD 123,000 (pay scale salary data); they are heavily sought after in Fortune 500 companies. | R opens up career opportunities in almost every industry and vertical. Data science skills are also quickly becoming transferable between industries

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  3. IIM Calcutta - Executive Programme in Business Analytics

    Business Analytics is about quantitative analysis and predictive modelling towards data-driven competitive strategies. Exemplars of analytics are using tools to identify their most profitable customers; offer the right price; accelerate product innovation; optimize supply chains; identifying the true drivers of financial performance etc. Organizations as diverse as HSBC, PepsiCo, Amazon, Barclay's, Capital One, Procter & Gamble, Wachovia, and the Boston Red Sox illuminate how to leverage the power of analytics. Competence in analytics has become a critical skill for managers of the new age business organisations. | This Executive long distance programme offers modules such as Data Mining, Business Intelligence, Statistical Decision Modeling, Spreadsheet Modelling, Financial Analytics, Marketing Analytics, and Operations Analytics. | The overall value gained at the end of the programme is expected to build a solid foundation of business analytics.

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  4. PROFESSIONAL DIPLOMA IN BUSINESS ANALYTICS

    Business Analytics is the combination of skills, technologies, applications and processes used by organisations to gain data-driven insights. These insights can be used to aid decision-making across functions including finance, marketing, and operations. This course is designed by practicing managers and subject experts. It aims at covering the fundamental to advances in Business Analytics. This course is aimed at practical learning; therefore, most concepts will be linked with hands-on training, where participants will be expected to work with dummy datasets, and real data sets. |

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  5. POST GRADUATE CERTIFICATE IN BUSINESS ANALYTICS FOR MANAGEMENT DECISIONS (PGCBAMD)

    To help analytics professionals gain in-depth knowledge in various areas of analytics and gain managerial insights through data analysis To transform analytics professionals into an exceptional, cross-functional leader who integrates all disciplines to achieve the organisation’s strategic goals with help of advanced analytics To help face challenges and complexities in analytics field, thereby equipping those working in analytics field with the necessary skill-sets to adopt an appropriate course of action

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