Analytics
have been used in business since the management exercises were put into place
in the late 19th century. Since then, analytics have altered and shaped with
the development of Enterprise Resource Planning Systems, data warehouses and
various other software tools and process. Business Analytics has come up like a
sensation on the horizon of the new millennium and off late has become fastest
growing job field throughout the world. Business analytics makes widespread use
of statistical analysis and fact-based management to initiate decision making
Business
Analytics has become vital for the growth of corporate world in 21st
century hence allowing them to make better business decisions by using the
previous data obtained from various segments of society such as marketing,
education, engineering, medicine, social media, online transactions, call
centers, sensors, weblogs and telecommunication. Business Analytics can also be
used in determining the nature of the problems changes in Business Landscapes
are facing these days.
India
is amongst the leaders in the aptitude arcade in the past two decades and its
high success ratio in the IT sector, resilient Entrepreneurship beliefs and
English language expertise have helped it stay much ahead of the likes of China
and European countries in the territory of Analytics. Various companies
situated abroad are outsourcing their analytical necessities to India.
Sensing the need to create
a workforce that understands the field and is trained to tackle the compound
issues related to business analytics; several Indian institutes, in association
with various premiere colleges, are offering regular as well as executive
business analytics courses.The scope in the field of business analytics is ever
expanding worldwide and especially because analytical skill levels get into the
big data game. Global Information Technology giants such as IBM, Accenture, and
Deloitte are using business analytics tools and coming up with conclusions that
are convenient and lucrative. Sensing the need to create a workforce that
understands the field and is trained to tackle the compound issues related to
business analytics; several Indian institutes, in association with various premiere
colleges, are offering regular as well as executive business analytics courses.
North India’s Leading
Business School at Chandigarh University in collaboration with IBM offers
Master of Business Administration in Business Analytics to its students. The practically
oriented teaching – learning methodology and industry institute interface at
Chandigarh University helps the students develop the skills required to become
future business leaders simultaneously gaining acquaintance to IBM Patented
Technologies.