As coding and algorithmic skills continue to become prominent in business, the demand for data analytics students out of all the master’s programs has increased significantly. Business analytics take a data-driven approach to the world of business, using statistics and data modelling to develop new business insights. The blend of business and technology makes it an ideal choice of course for anyone with an interest in programming or working with figures.
Academic experts Institute for Future Education, Entrepreneurship and Leadership iFeel Lonavala, one of the top PGDM colleges in India, consider business analytics to be the key development field of this decade. With this in mind, it useful to find out how business schools are preparing students for a career working with data.
While anyone with a business degree could work in this field, those with the following quirks or traits might be interested in this industry:
- Those who are naturally inquisitive and like to understand the ‘what, where and how’ of every situation would love this field of work.
- Being able to interpret the meaning out of information is also very important in this field. These skills help in developing strategies for succeeding in any business.
- Those with a basic understanding of SAS and Excel skills related to analysing data are likely to benefit in this field.
- Being detail-oriented assumes great importance.
- Finally, if you want to work with figures, you have to be comfortable with numbers and mathematical formulas.
To equip the students with analytical skills, iFEEL Lonavala has incorporated the essentials of Business Analytics along with programming languages such as R/Python/SQL in its PGDM course.
Business Analytics has been at the forefront of the economy,helping major corporations streamline their operations and improve productivity.The profession in this area is one that appears to have a growing need, and with the proliferation of B-schools willing to incorporate it in the management courses, students can have a number of career options as they graduate.